5 Best Bank Accounts for Indian Women


4. South Indian Bank

SIB Mahila

South Indian Bank offers two types of saving account for the women; Mahila Savings Bank Account and the Mahila Plus Savings Bank Account.

Indian women aged 18 or above can have these accounts. These accounts offer free insurance coverage to the account holder for the first year. The insurance covers travel and accidental deaths.

It also provides free alimony service from other accounts as well.

Mahila Savings Bank can be opened with a minimum balance of 1,000 and Mahila Plus Savings accounts with a minimum balance of 25,000.

5. HDFC Bank

Women’s Saving Account

HDFC bank offers much more special facilities to the women bankers. It has an EasyShop Woman’s Advantage Debit Card that allows cash withdrawal of 25,000 per day and has a shopping limit of 40,000.

It also offers an insurance coverage of 10 lakhs for accidental death coverage and 1 lakh fpr accidental hospitalization every year. Coming to gold loans, it has special discounts on it.

The cards are linked with various organizations to make daily life easier.

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