ICICI Bank Advantage Woman Savings Account
Advantage Women's Savings Account, a scheme started by ICICI Bank provides an opportunity for working women class to open a savings account. It focuses on the needs of financially sound women generation with the likes of special rewards, shopping benefits and a wide range of other exciting features.
Highlights of Advantage Women's Savings Account:
Requires a minimum balance of Rs 10,000 for opening an account
Interest Rate of 4% annually
Online banking, mobile banking (app available), nomination facility along with bill pay facility
Benefits of ICICI Bank MasterCard Debit Card applied
No cash withdrawal charges
It also provides with Multi-City Chequebook (MCC) free of charges.
Women of 18 years and above
For joint account, the woman must be a primary applicant
One can withdraw as much amount they want from ATMs (any BANK) all over India as there is no limit set on the withdrawal of cash.
It provides with the facility like 'Money Multiplier'. If the account holder possesses any excess money in the savings account, it can be automatically transferred to his/her fixed deposit account.
The amount transaction is applicable from every ICICI branches all over India
Fee and charges:
Penalty charges for not maintaining a minimum balance:
The bank will deduct Rs 150 yearly as the Debit card fee from both the Joint and First Account holder
The account holder can spend Rs 100,000 daily both domestically and internationally
The account holder can withdraw Rs 50,000 daily both domestically and internationally
Additional Chequebook charges Rs 20
Rs 15 quarterly for SMS alerts
First four transactions made are free (from branches in the same city). After that, Rs 90 will be charged
Above Rs 5000, but less than Rs 10,000, the bank will charge Rs 250
Less than Rs 5000, the bank will charge Rs 350