Special Savings Account Schemes Offered by the Banks for Women

Women in India are no longer constrained by the conventional conformities. They are advancing at the same pace as men by grabbing top positions in large multi-national companies as well as top government departments. They are also becoming self-reliant by earning their own money and managing the same as well.

Image Source

To support women empowerment, many Indian banks offer special savings account schemes for them that come with attractive perks.
Some of the most popular ones include:

Women’s Savings Account- Axis Bank

Private sector Axis Bank offers a women-special savings account scheme under which they can enjoy higher savings, easy access to funds and banking services, and more.
The following are the salient features of this scheme:

• Attractive interest rate of 4%
• Allotment of Visa Classic ATM-Debit Card which enables access to more than 11,500 ATMs of the bank across nation
• Average balance requirement of Rs. 10,000 (Urban), Rs. 5,000 (Semi Urban), and Rs. 2,500 (Rural)

Advantage Women Savings Account- ICICI Bank

This savings accounts scheme by ICICI Bank is specially catered towards women and offers advantages related to shopping, rewards, and banking services.
The following are the main highlights of this account:

• Unlimited free cash withdrawals across all the ICICI Bank ATMs
• Attractive interest rate of 4%
• Allotment of ICICI Bank MasterCard World Debit Card that offers several features that are useful to women
• Facility to transfer excess amount in the account to a fixed deposit account for higher savings

Indus Diva Savings Account- IndusInd Bank

The Indus Diva Savings Account offers easily accessible banking services to the women as well as many other benefits.
The following are the main features of this account:

• 25% discount on the locker fee
• Allotment of Platinum Plus Debit Card at a 50% discount on the first year’s fee
• Accounts creation add-on feature under which the account holder can create up to two more accounts of their family members. In doing so they can enjoy group account benefits.