ESAF Small Finance Bank Limited launched a’ on TuesdayRainbow Savings Account‘ especially for transgender community Offers a range of features including high savings rates and advanced debit card features.

Kerala-based ESAF Small Finance Bank in a statement said that a trans-friendly or inclusive labor culture is the need of the hour and it is a big step towards inclusive revolution.

reserve Bank of India In 2015, banks were directed to include a separate column ‘Third Gender’ in all their forms and applications.

ESAF Bank It has a history of over 25 years of serving primarily the underserved and underserved people with a focus on financial inclusion and its vision to be India’s leading social bank, providing universal financial access and equal opportunities by encompassing livelihoods and economic development. provides. Bank’s Managing Director K Paul Thomas said.

,rainbow savings Khata’ scheme comes with higher interest rate and advanced debit card features, he said.

Also, he said, the default of interest in the account is another attractive feature of the credit scheme.

Several transgenders from different parts of Kerala participated in the launch of the Indradhanush Savings Account logo program, which was organized in association with the Navodaya Andolan.

Thomas said that the savings habit of the marginalized community would contribute immensely to the growth of the economy as a whole.

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