Categories: Business

ESAF SFB Launches ‘Rainbow Account’ For Transgender Community

ESAF Small Finance Bank Ltd, launched a ‘Rainbow Savings Account’ for the Transgender community offering a hosted feature including high savings rates and advanced debit card facilities exclusively. In 2015, the Reserve Bank of India directed all the banks to include a separate column ‘Third Gender’ in all their forms and applications.

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

Key Points related to ‘Rainbow Savings Account’

  • Trans-friendly bank accounts are the need of the hour, and it is a big step in the modernization of society.
  • ESAF Bank is more than 25 years old with a focus on financial inclusion and its vision is to be India’s leading social bank.
  • It aims to offer equal opportunities through universal financial access and inclusion of livelihood and economic development.
  • The ‘Rainbow Savings account’ scheme provides high-interest rates and advanced debit card facilities.
  • Default credit of interest to the account is one of the major factors of this ‘Rainbow Savings account’ scheme.
  • The Rainbow Savings Account logo events were held in Kerala and were attended by many Transgenders.
Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

Recent Posts

India vs China: Which Country Leads in Economy, Population, and Global Influence?

India and China are the two largest Asian powers and among the most influential nations…

24 minutes ago

Heat Dome Phenomenon: The Science Behind India’s Rising Night Temperatures

Trying to get a peaceful night’s sleep has become increasingly difficult across urban India lately.…

31 minutes ago

Current Affairs Capsule PDF (24 June 2026)

National News Padma Awards 2026 Honor India’s Distinguished Achievers President Droupadi Murmu conferred 65 Padma…

14 hours ago

UN Chief António Guterres Launches Global Methane Action Plan Amid Escalating Climate Crisis

United Nations Secretary-General António Guterres has issued the strong warning about the growing dangers of…

17 hours ago

Rajasthan Forms 5-Member Panel to Draft Uniform Civil Code

The State government of Rajasthan has constituted a five-member committee to prepare a draft law…

18 hours ago

India’s First Made-in-India C295 Aircraft Set for IAF Delivery in September

India's first Made In India C295 transport aircraft is set to be delivered to the…

18 hours ago