Axis Bank has introduced a dedicated savings account for women called the ‘Arise Women’s Savings Account.’
This account is specifically designed to meet the financial needs of women. It also offers healthcare benefits along with several additional features. Let’s explore these benefits in detail.
Enjoy the Advantage of the Family Banking Program
By opening an ARISE Women’s Savings Account, women gain access to dedicated financial experts tailored to their needs.
The account also offers the benefits of a family banking program, allowing up to three family members to enjoy banking services.
Additionally, children’s accounts can be linked to this account without requiring an initial deposit.
The locker is free for the first year
The first year will have no rental fee for small and medium lockers, while the second year will offer a 50% discount on fees.
The Arise Debit Card linked to the Arise Savings Account will have a higher transaction limit. The POS limit is Rs 5 lakh, and the ATM limit is Rs 1 lakh.
Additionally, cardholders will enjoy quarterly airport lounge access and earn 1 EDGE Reward for every Rs 200 spent.
You will receive a complimentary NEO credit card
By opening this account, you will receive a complimentary NEO credit card.
This card offers benefits like a 10% instant discount on BookMyShow, up to 40% off on Zomato orders, and 1 Edge Reward point for every Rs 200 spent.
Experts believe these perks will encourage more women to open savings accounts.
Currently, women hold only 20.8% of the total bank deposits in India, and they account for 36.4% of total account holders.
You will receive financial guidance from female experts
When women open the Arise Women’s Savings Account, they will receive financial guidance from female experts.
The account comes with no annual maintenance fee for the demat account during the first year.
Additionally, women will have access to a special investment option featuring a basket of stocks designed with their needs in mind.
The account also offers up to 70% discount on women’s diagnostic tests and 10% off on medicines. Several banks already offer savings accounts tailored for women.
