Rainbow Account For Transgender Community: Read Here

On Tuesday, ESAF Small Finance Bank Ltd. introduced a "Rainbow Savings Account" with a number of features designed specifically for the transgender community, including a high savings rate and advanced debit card features.

According to a statement released by Kerala-based ESAF Small Finance Bank, inclusive or trans-friendly workplace culture is very much needed. This is a significant step in the direction of the inclusive revolution.

Rainbow Account for Transgender Community

In 2015, the Reserve Bank of India ordered banks to add a distinct column labelled "third gender" to all of their applications and forms.

According to the bank's managing director K Paul Thomas, ESAF Bank has a history of more than 25 years of primarily providing the unserved and underserved with a focus on financial inclusion. Its vision is to be India's leading social bank, offering equal opportunities through widespread financial access and inclusion of livelihood and economic development.

According to him, the "Rainbow Savings Account" programme offers a high-interest rate and updated debit card features. He added that another appealing aspect of the plan is the default credit of interest to the account.

Several transgender people from various areas of Kerala took part in the event to launch the Rainbow Savings Account logo, which was put on in cooperation with the Navodaya Movement.

Related Incidents

Noella McMaher, a 10-year-old transgender model, walked down the runway for Trans Clothing Company designer Mel Atkinson. Noella's life goal is to be a successful transgender model and activist. She has so far consistently promoted LGBTQ rights at events like her ramp walk. You can read more about her here.

August 10 saw the issuance of rules for medical examiners to follow when evaluating the fitness of transgender candidates for commercial pilot licences by the aviation governing authority, the Directorate General of Civil Aviation (DGCA). Transgender candidates who received hormone therapy and gender affirmation surgery more than five years ago must meet the criteria for the World Professional Association for Transgender Health's mental health examination. You can read more about it here.

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