Are Woman's Special Savings Bank Account Better Than Regular Bank S/B Account?
Woman's Special saving banks account is a customized product for women section of the society with many cashback and other offers suited for women. Many a times you might have come across a situation, when you being a female individual could have visited the bank and they might ask you to open a dedicated women's saving account.
So is it better than a regular savings bank account, here is a quick check:
For women who seek better advantages on savings bank account can look to open this special account with the same minimum balance requirement as that of the regular S/B account.
What do these Special women's saving account actually offer?
As part of the Special women's saving account services some of the banks are either providing doorstep banking services in terms of pick-up for cash, cheque or draft delivery, cash delivery. Silk Women's saving account of Kotak Mahindra Bank is offering similar services as part of its special services for its women accountholders.
RBL is offering unlimited cash withdrawal for female accountholders all across India at all ATMs.
Some of the banks are extending insurance cover as either accidental death or accidental hospitalization cover.
So, with better offers, insurance cover, more number of free debit card transactions and discounts, women's special savings bank account can be a better option with the same minimum balance requirement as in the regular bank savings account. In comparison the other privilege and premium savings bank account call for higher minimum balance requirement. Nonetheless they do offer better services in terms of free unlimited ATM transactions etc.