Savings Account for Women

Savings Account for Women

Last Updated : March 11, 2025, 5:14 p.m.

In the 80% of India’s population who have one or more than one Savings Account in their names, the number of women account holders is pretty substantial. Especially in today’s times, there has been a sharp increase in the women in the workforce across several industries. Apart from working women professionals, household women also like to have a Savings Account in their names these days, as everybody wants to save money safely. To fulfill women’s savings needs, several banks have an exclusive Savings Account for them.

Women Savings Account comes with several benefits such as Free Passbook Facility, Free Cheque Book facility, Internet Banking, etc. More so, some of the banks like Kotak Mahindra Bank and HDFC Bank offer exclusive services to women customers on their Savings Accounts. In this article, we will cover all the aspects of Savings Account for Women and what are some of the top banks that have exclusive Savings Accounts for Women. So, if you are someone who is looking to open a Savings Account for yourself but confused between the options and their features, this article could be a good read for you. Keep reading to know more!

List of Best Savings Account for Women in India

As we said, there are several top banks of India that provide exclusive Savings Accounts for Women. These banks include HDFC Bank, RBL Bank, Kotak Mahindra Bank, ICICI Bank, etc. All of them provide seamless banking services like money transfer, bill payment, cheque book facility, etc, on their Savings Account. We are showing some of the top Savings Accounts for Women and their features below. Have a look.

HDFC Women’s Savings Account

When we jot down the list of top private banks of India, HDFC Bank stands out as the leading private bank of India. Among its several banking products, HDFC Bank Savings Account is one of the popular products among women customers. Perfectly suitable to women of today’s times, this savings account could be a one-stop solution to them as it helps fulfill their investment and lifestyle needs. Features like Accidental Death Cover, Accidental Hospitalisation Cover, Annual Maintenance Charge, etc, make this account more worthy for women.

We are showing some of the top features of HDFC Women’s Savings Account. Please have a look.

Features of HDFC Women’s Savings AccountDetails

Minimum Average Monthly Balance (AMB)

INR 10,000 (For Metro & Urban Branches)

INR 5,000 (For Sem-urban & Rural Branches)

Debit Card

EasyShop Women's Advantage Debit Card

Daily Card Withdrawal Limit

INR 25,000

Daily Card Shopping Limit

INR 2.75 lakh

Debit Card Features

  • Personal Accidental Death Cover of INR 5 lakh
  • Cashback of INR 1 on every INR 200 spent on selected categories

Cheque Book Facility

Free 25-leaf Multi City Cheque Book facility half yearly

Additional facilities

Free of cost Passbook facility, E-mail statement, PhoneBanking and MobileBanking

Charges on Non-maintenance

6% of shortfall or Rs. 600 whichever is lower

Eligibility

First Account Holder Should be a Woman

ICICI Bank Advantage Women Savings Account

For women customers who are looking to fund their own worth, an ICICI Bank Advantage Women Savings Account could be a suitable choice for them. Customers can enjoy several benefits, special discounts, offers, and some exclusive privileges. Features like Savings Account Portability, Money Multiplier, Discount on Lockers, etc. There are mainly four variants of this ICICI Bank Woman Savings Account — Regular, Silver, Gold, and Platinum. Each variant of this Savings Account for Women has different features that they can enjoy.

If you want to look at some of the extraordinary features of this savings account by ICICI Bank, check the table below.

Features of ICICI Bank Women's Savings AccountDetails

Minimum Average Monthly Balance (AMB)

INR 10,000

Debit Card Facility

Available

Debit card Benefits

Cashback up to INR 750 per month on categories like Dining, Entertainment, etc

Daily cash Withdrawal Limit

INR 50,000

Nomination Facility

Available (there can be only one Nominee whether held single or jointly)

Free Benefits

Passbook facility, email statements, Free multi-city cheque book facility

Eligibility

An Indian woman above 18 years of age can apply for this savings account

Kotak Mahindra Bank Silk Women’s Savings Account

Kotak Mahindra Bank is also one of the leading private banks of India that offers different banking products. But when we talk about exclusive products for Women, Kotak Mahindra has this amazing product named Silk. Designed for the women of current times, Silk is a Saving Account for Women with which they can enjoy several benefits such as Doorstep Delivery, Cashback on Shopping, etc.

It has got some extraordinary features that we are showing in the table below. Please check it out!

Features of Silk - Women’s Saving AccountDetails

Minimum Average Monthly Balance

Customized

Debit Card Facility

Available (Platinum Card with 50% less issuance fee)

Locker Facility

Available with 50% discount on Locker rentals on the First year

Debit Card Features

  • Daily Withdrawal Limit of INR 40,000 (Domestic) and INR 50,000 (International)
  • Liability up to INR 3,50,000 on lost Debit card
  • Purchase Protection up to INR 1,00,000

Additional Features

  • Free Passbook Facility
  • Free Single Account Statement
  • Doorstep Services like Cash-pickup and Delivery, Cheque/Draft at your home

Eligibility

Resident Indian Women (Single or Joint) above 18 years of age

Axis Bank Women’s Savings Account

Axis Bank Savings Accounts is a popular choice for women customers who want to be independent in their lives. It has some of the extraordinary features like Low Opening Deposit, Free Cheque Book Facility, Personal Accidental Insurance Cover, etc. With this Savings Account for Women, you will also get a VISA Platinum Debit Card with a nominal fee.

Some of the important features of this Axis Bank Women’s Savings Account are shown below. Check it out!

Features of Axis Bank Women’s Savings AccountFeatures

Minimum Opening Deposit

INR 50,000

Minimum Average Monthly Balance (AMB)

AMB Rs. 50,000 in savings account/

AMB Rs. 1,00,000 across savings and current account/

TRV of Rs. 2,00,000 across all savings products

Debit Card Facility

Visa Platinum Debit Card (Available for Free)

Debit Card Issuance Fee

INR 450

Debit Card Annual Fee

INR 450 plus GST

Debit Card Features

Daily Withdrawal Limit of INR 1,00,000 at ATMs

Daily Shopping Transaction upto INR 5 lakh

Additional Features

  • Free Monthly e-statements
  • Free Cheque Book facility per year
  • Personal Accidental Insurance Cover up to INR 2 lakh
  • (For this, your card must be swiped for once in 6 months

IDBI Bank Super Shakti Women’s Account

IDBI Bank has this exclusive Savings Account for Women who want to manage their financial life systematically. The most wonderful thing about this IDBI Super Shakti Women’s Account is that a woman customer can also get two free Minor Savings Accounts for the children below 18 years of age.

Apart from earning interest on your money, customers can avail of several benefits such as minimal documentation to open the account, faster funds transfer, online bill payments, etc. Also, the application process is so simple. You only need to contact Phone Banking Representatives or visit your nearest branch. We are showing some of the special features of IDBI Super Shakti Women’s Account. Have a look.

Features of IDBI Bank Super Shakti Women’s AccountDetails

Minimum Average Monthly Balance (AMB)

INR 5,000/ FD of INR 2lakhs ( Metro and Urban Locations)

INR 2,500/ FD of INR 1 lakh (Semi-urban)

INR 500/ FD of INR 50,000 (Rural)

ATM-cum Debit Card

Rupay Platinum card

Daily Cash Withdrawal Limit

INR 40,000 per day

Auto Sweep-in/ Sweep Out Facility

Available above INR 15,000

Additional Features

  • 25% discount on Locker Features
  • 50% Discount on Demat AMC
  • Free email statement
  • Free 10 Transactions at other Bank ATM
  • Two Zero Balance Accounts for Children below 18 years of age

Cheque Book facility

Available

Equitas Eva Elite Savings Account

Equitas Eva Elite Savings account is specially designed for women by the Equitas Bank and provides many benefits such as a low monthly balance, free chequebooks, passbooks and doorstep banking. It also provides a platinum debit card with higher POS limits and withdrawal limits.

Details

Features of Eva Elite Savings accountDetails

Minimum Average Monthly Balance (AMB)

  • INR 2,50,000 TRV

ATM-cum Debit Card

  • Platinum debit card

Daily Cash Withdrawal Limit

  • INR 25,000 per day

Additional Features

  • 25% discount on Locker Features
  • Additional benefits on family banking
  • Reward points on every spend
  • Interest rate up to 7.8% per annum
  • Free doorstep banking

Cheque Book facility

  • Available
  • 25 leaves per year

PNB Women Power Savings

PNB Bank introduced the women's savings account with a view to help women invest money and also earn attractive interest rates. There are many additional benefits available in this account which can be availed by any resident woman.

Features of PNB Women Power accountDetails

Minimum Average Monthly Balance (AMB)

  • Rural: Rs. 500/-
  • Semi-Urban : Rs. 1,000/
  • Urban/Metro : Rs. 2,000

ATM-cum Debit Card

  • Rupay platinum debit card

Daily Cash Withdrawal Limit

  • INR 1,00,000 per day

Additional Features

  • 50% discount on Locker Features
  • The facility of e-OD against fixed deposit is available.
  • 25% discount on DEMAT account
  • 50% concession on locker rent

Cheque Book facility

  • Available
  • 50 leaves per year

Union Samriddhi: SB Account For Women

Union bank aims to empower women by providing this facility of a savings account especially for women. The features provide various benefits for lockers, DEMAT accounts and insurance coverage.

Features of PNB Women Power accountDetails

Minimum Average Monthly Balance (AMB)

  • INR 15,000

ATM-cum Debit Card

  • Rupay platinum debit card

Daily Cash Withdrawal Limit

  • INR 75,000 per day

Additional Features

  • 50% discount on Locker Features
  • Free cancer coverage
  • Free personal accident cover
  • Free air accident insurance
  • 50% discount on loan processing

Cheque Book facility

  • Available

Frequently Asked Questions (FAQs)

What is a women’s savings account?

What are the benefits of women’s savings account?

Can women's savings accounts be held jointly?

Is nomination facility available for women's savings accounts?

Is a woman's account beneficial for housewives?

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