Earn 6% Interest | 5 High Interest Women Saving Accounts In India

Top 5 Women Saving Accounts

While I was Working for a financial institution I found that for the women’s there are many ways to save money and get extra benefits with small deposits.  Some banks are also giving you high-interestest women saving accounts facility.

In last few year’s the role of Indian women’s has been changed and they are being more strong every day.  Now women’s are living an independent life and want to be more Independent financially.  Because still their 75% financial decisions are either done by her Father, Husband, or Brother.

Now women’s are living an independent life and want to be more Independent financially. Because still their 75% financial decisions are either done by her Father, Husband, or Brother.

Recently Indian Government and Nationalized Banks launched many saving schemes and accounts especially for the women’s. These accounts are featured with special advantages, high rate of interest, and multiple benefits.

In India where we call them Griha-Lakshmi or the lady of the house and keeps a strong belief that she can save money better than man.

So the Government and banks are creating a strong awareness and encouraging women’s for using these Special Women Saving Accounts.

Here I’m sharing some best women saving accounts which will help you to earn high interest on your savings.

best women saving accounts in india

BMB Silver Savings

The Bhartiya Mahila Bank is the first bank in India dedicated to women’s. And BMB is offering many saving accounts with multiple benefits.BMB Silver Saving is the middle range saving account.

 Features And Benefits

Minimum Account opening balance requirement is Rs. 10,000/-

Average quarterly minimum balance: Rs. 25,000/-

Missed Call facility available in the account.

Bank is offering you Interest of 4.5% p.a. Up to Rs.1,00,000/-, and 5% p.a.- on entire balance if exceeds Rs.1,00,000/- on daily basis.

Free RTGS/NEFT/Bankers Cheque facility with the account.

Debit cum ATM card free for the first year only.

Free unlimited transactions at BMB ATM Cum Debit Card.

Free 50 personalized cheques leave in a year.

25% discount on processing charges for all retail loan to customers whose accounts are minimum six months old.

Women’s Savings Account HDFC Bank

The 2nd Largest Private Sector Bank In India HDFC is also giving you a great option to save your money and earn a good rate of interest. The saving account is specially dedicated to the women’s.

You can earn high Rate Of Interest with Money Maximiser facility. You will have to choose bank automatic sweep out facility and the bank will transfer your surplus funds to fixed deposits. (Available on request)

If the balance in your Women’s Savings Account exceeds/reaches Rs 1,00,000, the amount in excess of Rs 75,000 will be transferred to a fixed deposit for a one-year and one-day period.

Features & Benefits :

Personal Accident Death Cover of Rs 10 lac*

Accidental Hospitalisation cover of Rs 1 lac per annum as a reimbursement cover*

CashBack offer of Re 1 for every Rs. 200 spent

Daily cash withdrawal limit: Rs. 25,000 and daily shopping limit: Rs. 1.25 lakh

Make the most of the optional MoneyMaximizer (sweep-out) facility to transfer your surplus funds to fixed deposits.

Get free 25 leaves multi-city cheque book on half yearly basis.

Enjoy free lifetime BillPay for all account holders (Just add your all bills to your Saving Account)

Free folio maintenance charges on Demat account for the first year

Get free passbook facility for all account holders (individuals)

Free email statements

Bank conveniently with facilities like Net Banking, PhoneBanking, and Mobile Banking – check your account balance, pay utility bills or stop cheque payments all via SMS.

Account opening balance requirements:

Rs. 10,000 (Metro / Urban branches),
Rs. 5,000 (Semi-Urban / Rural branches)

Annually Rate Of Interest: 4% to 7% P.A

Advantage Woman Savings Account ICICI Bank

Another private sector and largest bank in India, ICICI bank is offering advantage saving account for women’s.

Facility & Features

The bank is giving you cashback of up to ₹750 per month on dining, groceries, entertainment.

Get preferential rate on Home Loan.

Avail 30% discount on the first-year locker rental.

Unlimited free cash withdrawals at any bank’s ATM.(No need to carry extra cash)

Avail 60% off on Women’s Preventive Health Package from Thyrocare

Apollo Well Woman Health Check – 15% discount at Apollo Hospitals and 25% discount at Apollo Clinics on payment through ICICI Bank Debit Cards

A 20% discount on online order from Apollo

Through Money Multiplier Facility you can earn higher interest by setting a balance limit above which money lying idle in the Savings Account will get converted into Fixed Deposit on request

Minimum account opening balance requirement is Rs.10,000/-.(For Regular Accounts)

Annually Rate Of Interest: 4% to 7% P.A

Woman’s First Savings Account RBL Bank

Ratnakar Bank Limited or RBL bank has launched a special saving account for women. The Women’s First Saving Account is giving you multiple benefits with the high rate of interest.

Features & Benefits :

With saving account you will get an exclusive Woman’s First Debit Card, with vouchers worth Rs. 2500, on activation of the card.

Avail Health benefits and medical concierge services are available at discounted rates

Unlimited free cash withdrawals at all ATMs in India

Avail a Zero Balance Kid’s Account. (Give your child a secure future)

Avail 10% discount on Locker Rent for the first year.

Delight yourself with discounts and coupons on shopping, food, entertainment, health, wellness and much more

Earn higher interest up to 7.1% p.a. on Savings Bank Account

Minimum balance requirement for account opening is 10,000/-

Yes Grace Saving Account by Yes Bank

In the comparison of other saving accounts Yes bank is giving you an extra advantage of higher rate of interest. You will get 6% rate of interest from Rs 1/- to 1 Cr.

Features & Benefits

Earn higher returns of up to 6% PA.

Get 25% Off on Locker Charges.

Avail 0.50% Cashback on all purchases through debit card

Unlimited access to ATMs of any bank across India.

Use anywhere Banking facility for access to any YES BANK branch across India

Get free YES BANK NetBanking, Mobile, and SMS Banking Facility to keep you updated on the account’s activity.

The convenience of Single Personal Identification Number for all electronic channels including Internet, Mobile, Phone and ATM Banking.

Tax-free interest income up to INR 10,000 on Savings accounts

One zero balance My First YES Account for your child

Min Balance required for account opening is 10,000/-

Kotak Mahindra Silk Women’s Savings Account

The Kotak Mahindra Bank is giving you best account option with 6% rate of interest, free movie tickets and shopping benefits.

Features & Benefits :

Get Cash Back on Kotak Silk Debit Card Spends

Avail 35% discount on Locker Rentals for the first year.

Use our BillPay facility for automatic payments of your bills through your silk – women’s savings account

Get benefit of free Wealth Statement facility, which gives you updates on your Women’s Savings Account, Current Account, Term Deposits, Demat Account and Mutual Funds, all in a single account statement

Use Kotak Mahindra Bank’s Silk Debit Card and get special offers, privileges, lifestyle benefits and much more

You can enjoy services like cash pick-up, cash delivery, cheque/draft delivery etc.

Earn attractive Cashback each time you shop With your exclusive Silk Photo Debit Card. With cashback facility, you can save up to Rs.4500/- in a year.

You will get an Insurance Cover of Up To 2 Lac.

Debit card Daily Withdrawl limit will be 75K.

With Kotak Silk EDGE saving account you can earn up to 6.0% annual rate of interest.

Minimum balance requirement for account opening is 10,000/-Rs.

Axis Bank Women’s Saving Account

Another saving account option is Axis Bank Women’s Saving Account. In this account, you can earn 4% annual rate of interest.

Features & Benefits :

Earn 4% interest on daily balances, quarterly

Low minimum opening deposit of Rs. 10,000 in metro cities and monthly e-statements to track transactions of your Women’s Savings Account

One free payable at par cheque book per quarter.

Visa Classic Debit Card at an issuance & annual fee of Rs. 150.

High daily withdrawal limits of Rs. 40,000 at ATMs and Rs. 1,00,000 for shopping transactions

First 5 transactions free at Axis Bank ATMs.

First 3/5 transactions free at Non-Axis Bank ATMs in a metro / non-metro location respectively

Get Personal accident insurance cover of up to Rs. 2 lakhs.

Get Combined Lost Card Liability and Purchase Protection Liability of up to Rs. 50,000.

IDBI SuperShakti Women Account

If you are unable to maintain Rs 10,000/- balance in your account and looking for the low balance account option then IDBI bank Supershakti Women Account will be the best choice for you.

Features & Benefits :

This account required monthly average balance Rs. 5000 for Metro & Urban cities, Rs. 2500 for Semi Urban Cities, And Rs. 500 for Rural Areas.

You can also open two zero balance accounts for your child below the age of 18 years

Specially designed Women’s International ATM cum Debit card. (Use it anywhere)

Get higher ATM cash withdrawal Limits- Rs. 40,000/- per day

You can choose Auto Sweep out / sweep in facility above Rs. 15,000 (Earn extra ROI)

Get personalized PAP Cheque Books.

Avail 25% discount on Locker services.

Avail 50% discount on the Demat account.

Get free monthly account statement by e-mail

Free amount transfer from Net Banking

Enjoy free 10 transactions at other Banks ATM in a month.

Earn Annually 4% Rate Of Interest.

These are the few best women saving accounts with a little good annually rate of interest.  All the banks have designed best schemes and benefits with each account. You can choose any account for growing your small savings.

Jitender Sharma on EmailJitender Sharma on GoogleJitender Sharma on InstagramJitender Sharma on LinkedinJitender Sharma on PinterestJitender Sharma on TwitterJitender Sharma on Youtube
Jitender Sharma

Jitender is a finance geek with more than 10 years experience in Credit Cards, Savings, & Loans. He is a Co-founder of FoundersBuzz a digital branding platform for small business and startups. And also managing 4BizSolutions one of the best Small Business Blogs in India.

Post Comment