Women’s savings bank accounts: Check which banks are offering discounts and special benefits

The bank provides a 1st year free RuPay Platinum Debit Card with 2 lakhs accident insurance up to 70 years old (subject to one successful financial or non-financial transaction in the previous 45 days before to the occurrence; subject to modification per NPCI criteria). Free SMS Alert facility for the 1st year.

Discount

According to the Bank of Baroda press release, “The bob Mahila Shakti Savings Account and the bob Women Power Current Account now come with a bundle of offers exclusively for women including up to 25 basis points interest rate concession on Retail Loans (concession of 0.25% on two-wheeler loan, 0.15% on education loan, 0.10% on auto loan, home loan and mortgage loan); complete waiver of processing charges on retail loans (including personal loans) and a 50% discount on Annual Safe Deposit Locker charges.”

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The Kotak Mahindra Bank Silk program provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.

Exciting Offers

· Urban Company – Flat 20% off up to INR 350 on a minimum spends list of Rs. 799

· Nykaa – 10% off on a minimum spend of Rs. 2000 – max Rs. 250

· Preferential pricing on banking products

· 50% discount on Locker rental for the first year for every Silk Women’s Savings Account

· Rs. 999 flat processing fee on Personal Loan

· Up to 100% On-road funding on Car Loan

· Flat ROI @ 9.49% p.a. and zero processing fee on Two-Wheeler loan

· Zero Processing Fee on Gold Loan

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Union Samriddhi savings account can be opened with only female joint holders. The bank offers Free personal accident insurance and air accident insurance. Critical Illness Cover: lumpsum payment of benefit on diagnosis of critical illness. Concession in service charges.

Concessional benefits

The bank offers 50% concession in 1st year locker rent. The concession & cancer care insurance offered in Union Samriddhi shall be available to depositors only if stipulated QAB is maintained.

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The Punjab National Bank offers a scheme where individual women residents can open accounts. Additionally, joint accounts are permitted under this scheme, provided the woman’s name appears as first account. Customers have the choice to opt for the sweep facility. Furthermore, the scheme includes attractive concessions and freebies to encourage women customers.

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A savings account created specifically for women, with features such as preferential locker pricing, a zero balance kid’s account, lifestyle benefits, better savings account interest rates, and more.

Consession

Customers will receive welcome discount offers valued at Rs 2,500, along with complimentary insurance coverage up to Rs 10 lakhs, and enjoy increased ATM withdrawal and POS limits with the Woman’s First Debit Card.

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On this special account, HDFC Bank provides accidental death coverage of Rs. 10 lakhs and accidental hospitalisation coverage of Rs. 1 lakh. For each day of hospitalisation caused by an accident, a daily cash allowance of Rs. 1,000 per day is provided for a maximum of 10 days per year.

Benefits and discounts

· Get Annual Maintenance Charge (AMC) waiver on the first year for Demat Account

· Get preferential rates on loans

· Get 50% discount on the issuance of a Gift Plus Card when you load a minimum of Rs. 5,000 on the card through the branch or via NetBanking

· Avail a daily cash withdrawal limit of Rs. 25,000 and a daily shopping limit of Rs. 2.75 lakh, and enjoy CashBack upto of Re. 1 for every Rs. 200 spent on your EasyShop Woman’s Advantage Debit Card

· Get up to 90% finance on the on-road price of a vehicle and 7 year tenure when you apply for an Auto Loan

· Get Up to 3.5% lower interest rate on Two Wheeler Loan and a Up to 50% discount on processing fees

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