Axis Bank has started a special savings account for women. Its name is ‘Arise Women’s Savings Account’. This has been prepared keeping in mind the financial needs of women. With this account they will definitely get healthcare benefits also. Women will get many more facilities with this account. Let us know about these in detail.
Will get benefit of family banking program
ARISE Women’s Savings Account Upon opening, women will get the facility of dedicated women financial experts. With this account you will get the benefits of the Family Banking Program. Under this, three people of the family can avail banking facilities. Children’s accounts can also be linked without any initial funding requirement.
No fees on locker for the first year
Zero rental fee will be applicable on small and medium lockers in the first year. There will be 50 percent discount in fees in the second year. The Arise Debit Card available with the Arise Savings Account will have a higher transaction limit. There will be a limit of Rs 5 lakh on POS, while there will be a limit of Rs 1 lakh on ATM. With this card, airport lounge facility will be available every quarter. You will also get 1 EDGE Reward for every Rs 200 spent.
Will get complimentary NEO credit card
On opening this account you will get a complimentary NEO credit card. On this card, you will get 10% instant discount on BookMyShow, up to 40% discount on Zomato orders and 1 Edge Reward Point on spending Rs 200. Experts say that this will increase the interest of women in opening bank savings accounts. Currently, only 20.8 percent of the total bank deposits in India belong to women. The share of women in total account holders is 36.4 percent.
Will get financial advice from woman expert
By opening Arise Women’s Savings Account, a woman will get financial guidance from women experts. There will be no annual maintenance charge for the first year on the demat account. You will get the special facility of investing in a basket of such stocks, which has been prepared keeping women in mind. Up to 70 percent discount will be available on diagnostic texts related to women. 10 percent discount will be available on medicines. Many banks already have special savings accounts for women.