SuperShakti
(Wo m e n ’ s)
Account
IDBI Bank
BenefitS:
Account holder’s family
gets two free accounts
for children below 18
Monthly average balance
has to be maintained at
`5000 for women living in
urban areas, `2,500 in semi-
urban areas; and `500 in rural
areas
International ATM/debit card
Cash withdrawal limit `40,000 per
day
25 per cent discount on locker services
50 per cent discount on demat AMCBank of india Star Mahila
SB Account
Bank of InDIa
BenefitS:
No opening or minimum daily
balance required
Average quarterly balance (AQB) is
`5,000
Women get six demand drafts
free per quarter (if AQB in the
preceding quarter is maintained
at `10,000)There is a wide array of financial products exclusively targeting women.
Suyash Desai handpicks some that can help save, invest, start a new
business, or insure against critical illnessWomen’s Guide to Financial Freedom
iCiCi Advantage Woman
Savings Account
ICICI Bank
BenefitS:
50 per cent discount on locker rental
in the first year
Cashback up to `750 per month,
if using debit card for dining,
entertainment, and jewellery spends
No penalty charged for zero balance
account on opening a recurring
deposit of `2,000. (On maturity, a
new RD account has to be opened to
continue to avail of the zero balance
b en efit)
Free unlimited access to all bank
ATMs (around 2,00,000) in IndiaMahilamitra Savings
Account
feDeral Bank
BenefitS:
Visa International Gold debit card
issued immediately on opening
account
Free daily cash withdrawal limit of
`75,000 (through ATM)
Free daily Point of Sale (POS)
transaction limit of `75,000
50 per cent concession on service
charge for outstation cheque
collection
50 per cent concession on processing/
administration fees for all retail loan
products, if availing of service under
this accountWHeRe tO BAnKWHeRe tO BAnK WHeRe tO BAnKWHeRe tO BAnK5252 Outlook MoneyOutlook Money March 2018March 2018 http://www.outlookmoney.comwww.outlookmoney.com