Savings Account is a basic financial product and no financial journey can be started without a savings account. When it comes to money and financial management, women have been neglected for many generations. Time is changing and savings account has become a common financial product for individuals.
There are different types of savings account and woman savings account is a type of savings account exclusively meant for women. Many banks offer woman savings account to its customers. Axis Bank also have a woman savings account for woman customers.
Some of the benefits of the women’s account by Axis Bank include a low opening deposit, free cheque books, low average monthly balances, personal accident insurance cover and Axis eDGE rewards
The minimum balance in metro is Rs. 10,000 which is less than few of the savings account by Axis Bank where the minimum balance is Rs.25,000. The minimum balance for rural bank customers is Rs. 2500 in rural areas. Other attractive feature of the savings account is the high withdrawal limit of up to Rs. 40,000 from ATMs and one can shop up to Rs. 1 lakh on a daily basis.
The savings account has also taken care of insuring the holder. You get a personal accident insurance cover of up to Rs. 2 lakh, if the card is swiped once every 6 months. To safeguard from fraudulent use and damage of debit card and loss of articles purchased using the debit card, Axis Bank on its women savings account provide cover for Rs.50,000.
Axis Bank also offers “Axis eDGE Rewards” to its Women’s Savings Account holders, with the help of which one can redeem gifts through reward points which are earned by simply making transactions and opening related accounts. Monthly Credit transactions of up to Rs. 50,000 and above, maintaining Rs. 25,000 as minimum monthly balance, opening an AxisDirect account, opening an AxisDirect account are some of the things that can fetch you reward points.
The savings account offers various discounts while shopping at various stores. And it is not just about spending. Axis Bank also offers monthly spends tracker that will help you to manage your expenses.
Any woman living in India is eligible to open an account with Axis Women Savings Account. One can also open a joint account with this savings account. You can either apply through Axis Bank net banking or by visiting the nearest Axis Bank branch. Carry two latest passport size photographs, address and identity proof documents to the nearest Axis Bank branch.
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