Bank of India

About The Fund

Bank of India is a comprehensive financial services provider, offering a wide range of banking and financial services to its customers. As a state-owned entity headquartered in Mumbai, India, the firm is primarily engaged in providing personalized and prioritized services across a multitude of financial domains. They specialize in internet banking, personal banking, and also offer a diversity of accounts such as savings, salary, and current accounts to cater to the personalized needs of their customers. The bank furnishes various card services which include debit cards, credit cards, and prepaid cards, ensuring convenience and secure transactions for users. In the sphere of loans, Bank of India provides personal, home, vehicle, and education loans, as well as loans against property and even innovative solutions like reverse mortgage loans. They have tailored services for small and medium-sized businesses (MSME) providing finance for new and existing business ventures, healthcare schemes, and government-sponsored schemes. They are also engaged in corporate credit, trade finance, cash management services, and merchant acquiring business, showcasing their ability to serve the sophisticated needs of larger corporate entities.The bank's investment arm facilitates investments and insurances. It offers mutual funds, government deposit schemes, and various insurance products like life, health, and general insurance, reflecting its investment thesis which revolves around offering a comprehensive portfolio of financial products designed to cater to wealth growth and protection. With an eye on the global market, they provide a robust suite of services for non-resident Indians (NRIs) which includes savings, term deposit accounts, loans, investment and insurance products catered specifically for NRIs, and remittance services.Furthermore, the bank addresses the specialized needs of the agrarian sector with financial products such as the Kisan Credit Card and gold loan schemes, demonstrating their commitment to the development of agriculture and allied activities. They actively participate in financial inclusion through initiatives like Pradhan Mantri Jan Dhan Yojana (PMJDY) and social security schemes, reaffirming their role in the socio-economic empowerment of society.Bank of India strives to adapt to the evolving financial landscape by offering innovative banking solutions and products, such as the BOI Mobile Omni Neo Banking App, which enhances customer banking experience through technology. With a commitment to extend beyond conventional banking services, they offer unique and tailored financial solutions positioned to serve the diverse requirements of their extensive clientele. The bank also shows an active interest in educating their customers on cyber security awareness, which is a testament to their dedication towards customer safety and service excellence. Their approach is to facilitate accessibility and efficiency while promoting sustainable financial practices among their customers.