Business Report :
BRAC Bank has introduced the TARA Homemakers Savings Account, a dedicated banking product designed exclusively for women outside the formal workforce.
The account removes the need for income documentation, allowing women without formal income proof to open a bank account using a simple self-declaration-no salary slips, employment letters or supporting documents required.
By eliminating this long-standing barrier, the bank makes formal financial services more accessible to millions of Bangladeshi homemakers, says a press release.
This inclusion recognises the critical role homemakers play in managing household finances, despite often being overlooked by the formal banking system. Tailored to their everyday needs, the account offers a host of benefits, including waived debit card fees, monthly grocery cashback, and interest earned on any balance.
