Most Indian banks such as ICICI, HDFC, Kotak Mahindra and RBL offer customized bank accounts for women & there’s a good chance that the next time you visit a bank with your wife or daughter to open her bank account, the banker will try to sell you his bank’s new customized product – a Woman’s Savings Account. While most salary accounts have the primary advantage of being zero balance accounts, a woman’s savings account also comes with better features such as unlimited free ATM withdrawals, free debit cards and higher limit on branch transactions, besides great cash back rewards and other exciting offers geared to meet a woman’s daily needs.
A Woman’s savings account can be opened either individually by a woman or as a primary holder in case of joint holding. There are many rewards and customized features offered on these accounts and the debit cards linked with them. The women’s savings account offers some benefits that may not be available in your regular savings account. Kotak Mahindra Bank in its ‘Silk – Women’s Savings account’ offers home banking service where an account-holder can enjoy services like cash pick-up, cash delivery, cheque/draft delivery etc.
The Kotak Mahindra Bank Silk programme is dedicated to the woman of substance. Whether it is the best of offers in finance, dining, health or lifestyle, this women’s savings account has everything to offer. Silk is a celebration of all the things that empower women and make them feel special in every way. The Silk Programme offers interest rates of up to 6% p.a. on savings accounts. Account holders get higher cash withdrawal and POS limits on the Silk Debit Card, and also get access to convenient banking solutions like ActivMoney, BillPay, netc@rd and Home Banking.
The Silk Programme, over and above the core Savings Product proposition, comprises a host of features and benefits that include rewards on Debit card spends in the form of 2 options i.e. up to 5% Cash Back on debit card spends or free movie tickets, financial privileges like discount on Gold, Lockers etc. and lifestyle benefits in multiple categories such as health/beauty, travel and dining etc.
The role of the Indian woman has significantly transitioned in recent times. We recognize the evolving financial needs of the Indian woman and Silk is specifically designed to meet those requirements. By catering to the specific needs of the financially independent woman we would like to reinforce our service motto of customer centricity.
