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Woman Savings Account: Silk by Kotak Mahindra Bank

Silk Woman Savings Account

Do you seek customised solutions and are always in search of products that resonates with you? Women Savings Account is one such type of savings account that is exclusively meant for women customers. Most banks provide women savings account to its customers. An one such account is the Kotak Mahindra Bank’s women savings account named Silk Women Savings Account.

The women savings account is available to resident Indian women above 18 years of age.

Features of Kotak Mahindra Bank’s women savings account

Silk Women Savings Account of Kotak Mahindra Bank aims to support the needs of the 21st-century women who deserve nothing less than the best.

Higher Interest Rate of up to 4%:

Kotak Mahindra Bank Women Savings Account offers attractive interest rate of up to 4% to its customers. The interest rate on Kotak Savings Account starts at 3.50%. The interest on women savings is calculated on the daily closing balance.

Daily Closing BalanceInterest Rate
Balance up to Rs. 1 lakh 3.50%
Balance over Rs. 1 lakh4%

Get Silk Debit Card with Attractive Offers

Customers of Kotak Mahindra Bank’s women savings account can avail the benefits of Silk Debit Card. Card holders can enjoy attractive cashback, offers, privileges and have higher cash withdrawals. Silk customers can avail exclusive offers and privileges with Kotak Silk Accounts in categories like Shopping, Travel, Electronics etc.

Additional features of Kotak Silk Debit Card
POS Limit (Shopping at online and offline stores through debit card) Rs. 2 Lakhs
Silk ATM Withdrawal limitRs. 40,000-Domestic
Rs. 50,000-International
Lost Card Liability Up to Rs.3.5 lakhs
Purchase Protection Up to Rs. 1 lakh
Personal Accidental Death Cover
Classic Silk Debit Card
Platinum Silk Debit Card

Coverage – Rs. 2 lakhs
Coverage up to Rs. 35 lakhs
Lost baggage Insurance Up to Rs. 1 lakh
Air Accidental Death InsuranceUp to Rs. 50 lakhs
Debit Card Type Platinum card

Easily make your payments online

Silk Women Savings Account can easily make payments online through online banking. Different utility bills such as electricity bills, postpaid bills and gas bill can also be paid online.

Get 35% discount on locker rentals

Most women love to wear jewelry. However, it does not come easy. Keeping precious jewelry at home is a stressful situation. This is where lockers play a vital role.

Customers of Kotak Mahindra Bank’s women savings account can get a 35% discount on locker rentals in the first year.

Avail pick up services

Customers of women savings account of Kotak Bank can avail the benefits of cash pick-up, cash delivery/ draft delivery etc from their home.

Get updates of all the existing Kotak accounts

It also provides for updates on all your accounts in a single account statement.

Different versions of the Kotak Silk

Customers of Kotak Silk can opt for the various versions such as Edge, Pro or Ace. You can select the version when opening the woman savings account online. These different accounts come with different minimum average balance along with other features.

Edge Account:

Individuals opting for Edge Account needs to keep a minimum average balance of Rs.10,000. Kotak ActivMoney is also available which helps customers to convert the money lying in the savings account to fixed deposits(FD) or term deposits.

Pro Savings Account:

Pro Savings account come with a minimum monthly average balance of Rs. 20,000. Customers can also avail free net banking, mobile banking and phone banking. Platinum international chip card is free for the first year.

Ace Account:

The monthly average balance of Ace Savings Account is Rs. 50,000. Also, the account comes with free cash withdrawals at ATMs of any Kotak Branch, free phone banking, net banking and mobile banking along with free NEFT, RTGS and IMPS money transfer. Customers also receive a free platinum international chip debit card.

Why Kotak Bank’s Women Savings Account

Kotak Silk is just the tool a woman needs to become financially independent! It helps you manage your finances easily without it being cumbersome or difficult to understand. Apart from that, customers get great offers and amazing features at their disposal.

The cash pick-up, cash delivery/ draft delivery, higher withdrawal and shopping limits makes it a better option than regular savings account.

How to open Women Savings Account

Individuals can open a women savings account online in just three steps within 10 minutes. Click here to open a Kotak Silk Account online.

kotak bank women savings account
Source: Kotak Bank

Here are the three steps of online account opening of women savings account.

  • Complete your form
  • Fund your account from your existing savings account
  • You can get your account number instantly

You can fill up the documents or opt for a call back from a Kotak Mahindra Bank representative.

Documents required to open a Kotak’s Woman Saving Account

There are certain documents important for the KYC purpose before the account is opened. Customers should carry original for verification and self-attested to submit to bank’s representative.

The documents required are as follows:

  1. Identity Proof
  • PAN Card
  • Driving License
  • Passport
  • Voter’s ID
  • Aadhaar Card

2. Address Proof

  • Passport
  • Driving License
  • Voter’s ID
  • Aadhaar Card
  • Utility Bill
  • Bank Statement
  • Bank Account Passbook (Updated and no more than 3 months old)

3. Signature Proof

  • PAN Card
  • Driving License
  • Passport

4. Latest Passport Size Photographs 

Conclusion: Silk Women’s Savings Account is a specialised account meant for today’s women. There are several benefits of this account such as higher spending limit, ability to


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