Special Savings Account: These special facilities are available in special savings account for women..
Women are unmatched in managing the household. They take care of every small and big need of the house very well. They also manage money very efficiently. This is the reason why many banks have introduced some special savings accounts, which are especially for women.
HDFC Women Savings Account
The women's savings account of HDFC, the country's largest private sector bank, has special features. It provides an accidental death cover of Rs 10 lakh. Also, a cover of Rs 1 lakh is available in case of hospitalization.
If you open a demat account to invest in the stock market through this savings account, then there is a free annual maintenance charge (AMC) for 1 year. There is also a discount on the interest rate of auto loans.
Baroda Mahila Shakti Saving Account
The Mahila Shakti Saving Account of the public sector Bank of Baroda offers a free RuPay Platinum Debit Card. Also, an accidental insurance cover of Rs 2 lakh is given for 70 years. Also, you do not have to pay any charge for SMS alerts for one year. If women take loans through this savings account, they get 0.25 percent interest.
Union Samriddhi Saving Account
Union Samriddhi Saving Account is also for women. In this, you get Rs 50 lakh insurance for air accidents along with debit card. At the same time, you get free personal accident cover of Rs 5 lakh. Also, if breast and cervical cancer is detected, five lakh rupees are available for treatment.
Also, the bank gives up to 50 percent discount on locker rent to female account holders for the first year. Women also do not have to pay any charge for SMS alerts.
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