HDFC Bank Women's Savings Account

The HDFC Bank Women's Savings account is a special banking account featured for women with numerous benefits such as MoneyMaximiser, Women's Advantage debit card, EasyShop, personal accident death cover up to 10 lakhs, etc. They also serve with preferential loan rates, waivers on the Demat account and numerous cash and bank offers.

• 1. EasyShop Woman's Advantage Debit Card possesses benefits like:
  • Rs.1 Cashback for each Rs 200 worth spent
  • Personal Accident Death Cover for rail, road, air of Rs 5 lacs
  • Transaction limit of Rs 25,000 is offered each day for cash withdrawal
  • Shopping limit is provided up to Rs 1.25 lacs per day.
• The moneyMaximiser or sweep-out facility includes the transfer of surplus funds to fixed deposits. Thus, if your savings account reaches to Rs 1, 00,000, then amount exceeding to Rs 75,000 will be moved to FD.
• The chequebook with 25 free leaves is offered on half-yearly basis.
• The account holders get a Free Lifetime Bill Pay, no maintenance charges on Demat account in the initial year, passbook facilities to all the account holders and email statements
• There are many more services like Net Banking, Mobile Banking, Phone Banking, letting you check your account balance, stop cheque payments, SMS, etc.

Benefits:

1. Insurance cover

One gets Accidental Death Cover of Rs. 10 lacs on this account. They also Get Accidental Hospitalisation Cover of Rs. 1 lakh. Daily cash allowance of Rs 1000 each day for 10 days in a year can be availed during hospitalisation because of an accident. To claim these benefits, the account holder should have at least made on the purchase-sale transaction within 6 months of the establishment of the debit card.

2. Preferential pricing on new HSL trading accounts

The account opening charges for one account are Rs 999, and 2 accounts from family are Rs 1399. Women savings account holders get 50% discount on the second option. They also get free transaction benefits for turnover of Rs 10 lakh valid for first 3 months of opening the account. Also get free online stock recommendations and market updates. One has access to the latest research reports and ideas from the research desk.

One can get call and trade facility in a number of languages. There is a 24-hour live chat service for timely assistance on product offering, investments and trading and resolution of queries. One has free access to website tools like desktop widgets, portfolio tracker, and stock screeners, watch list etc. They further have free access to customised stock alerts.

3. Special offers on loans

For an Auto Loan, the account holders get 90% on road funding for 7-year tenure. Also, get a 2% lower interest rate on two-wheeler loan plus 50% discount on the processing fee. Thus, a net benefit of Rs 2375 can be availed on women's savings account.

4. Shopping benefits

On selected brands, one get exclusive shopping benefits and attractive offers.