5 Best Bank Savings Accounts For Indian Women

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There are many banks which are offering saving account and debit cards specially designed for women. There are various discounts and other waivers on demat account and loans as well for women.

Many Indian women often forget to plan their investment and thus depend on their spouse or father to decide it for them.

Women should start realizing and understanding the importance of money and its investment aspect to avoid critical situations and be prepared to face it.

5 Best Bank Savings Accounts For Indian Women

Have a personal savings account to start with instead of being a joint holder with your spouse, parents.

Here are 5 best bank savings account for women

1. ICICI Bank's Advantage Woman Savings Account

This account provides unlimited cash withdrawals across all ATMs and a debit card that gives back more rewards. The Advantage Woman Savings Account is designed keeping your needs in mind.

A Debit card which helps you shop and save simultaneously manages your household expenditures and comes with a bag full of offers.

The Money Multiplier Facility from ICICI Bank also offers a higher interest rate than a savings account, while also providing better liquidity.

This account offers some other benefits like Zero balance with Recurring Deposit of a particular amount. The minimum Monthly Average Balance (MAB) to be maintained in your Advantage Woman Savings Account is Rs 10,000.

2. Axis Women Savings Account

This account allows you to save easily, while easing the way you transact. Apart from this you also get, access to your money, and the ability to makes track the account also makes it convenient.

The Axis Women Savings Accounts also offers first 5 free transactions at Axis Bank ATMs and first 3/5 transactions free at Non Axis Bank ATMs in Metro/Non Metro Locations respectively.

You can also get a higher withdrawal limit of Rs 40,000 at ATMs and shopping transactions of Rs.100,000 daily

3. Kotak Silk Savings Account

The Kotak Bank offers up to 6 per cent interest p.a. on your Savings Account. So, it is 50 per cent more than what most other banks in the country offer.

The Kotak Silk Savings Account would also offer you a simiilar amount. The account also provides discount on lockers. There is higher withdrawal limits on your Kotak Silk Debit Card.
Use Kotak Mahindra Bank's Silk Debit Card and get special offers, privileges, lifestyle benefits and much more.

4. HDFC Women's Saving Account

This account comes with some great features. For example, you can enjoy an EasyShop Woman's Advantage Debit Card such as CashBack offer of Re 1 for every Rs. 200 spent. Daily cash withdrawal limit upto Rs. 25,000 and daily shopping limit: Rs. 1.25 lakh.

One can also earn higher interest on money lying idle with an automatic sweep out facility. Also, special discount on interest rates and processing fees on Two wheeler / Auto / Gold / Personal Loan.

5. IDBI Bank SuperShakti Account

This account also offers a Zero Balance Saving Account for children of the account holder; However, the children should be below 18 years. There is an auto-sweep facility with every account. Customers can avail the auto-sweep facility as soon as their deposit exceeds  Rs 15,000.

International ATM cum debit card is also a part of this account with 25 percent discount on activating locker service and 50 per cent discount on Demat AMC.

Conclusion

These are some of the best banks which can be considered. However, one should choose the account based on the requirement, rates offered and services offered.

GoodReturns.in

Read more about: banking, savings account
Story first published: Thursday, January 7, 2016, 10:36 [IST]
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