Did you know the lifestyle benefits of a women's savings account?

What are the benefits of a savings account?

Ask this question, and some of the most common answers that would spring to mind would be –

• To park surplus funds
• For easy payments and transfers
• For cashless payments with a debit card, etc.

However, for women, a savings account is not meant only to offer these facilities. It goes way beyond fulfilling basic banking needs, offering a range of lifestyle benefits that can add value.

Do you know what these benefits are? Let’s explore.

Unique lifestyle benefits of a women’s savings account
 

When we talk about lifestyle benefits, we include all the privileges that women can enjoy from their savings accounts. While the actual list of perks depends on the account chosen, some of the common benefits that you can get are as follows –

1. Enhanced returns

Women accountholder can enjoy higher interest rates on their savings account balance. Most banks offer attractive rates for women to motivate them to open a savings account.

2. Flexibility on balance maintenance

In most cases, the minimum monthly balance required to operate the savings account is low to provide financial flexibility. You can manage your money freely without holding back a specific amount to meet the minimum balance criterion.

3. Preferential fees and rates

Another benefit of opening a savings account for women is the preferential charge structure. Banks usually offer discounted loan interest rates and minimal service charges for women account holders. The added expenses are minimised, and you save more.

4. Cashback and discounts

What if women’s shopping can be made more rewarding?

Women's savings accounts offer attractive cashback and discounts across partnered merchants. You can shop to your heart’s content and save on the bills, too. A winning combination, isn't it?

5. Health and wellness benefits

Many savings accounts offer health and wellness benefits to encourage you to stay healthy. These can include discounts on medicines, free health checkups, doctor consultations, and more.

6. Rewarding debit cards

Women’s savings accounts offer rewarding debit cards that facilitate seamless payments, and offer added benefits. You can enjoy higher transaction and ATM withdrawal limits, free ATM transactions, merchant offers, and more.

7. Complimentary insurance cover

Women’s savings accounts seek to empower you financially, which is why they offer complimentary insurance coverage. Coverages like personal accident insurance, lost card liability protection, etc., extend financial security and mental peace in emergencies.

How many of these lifestyle benefits did you know about?
 

Women’s savings accounts are a powerful tool for money management. These added lifestyle benefits sweeten the deal and offer you additional privileges. However, choosing the right account for your needs is essential to optimise the benefits. This is where the FIRST Power Savings Account from IDFC FIRST Bank, which is specifically designed for women, comes into the picture. Loaded with a range of unique lifestyle benefits, the FIRST Power Savings Account makes banking more rewarding. Let’s explore how.

The benefits of the FIRST Power Savings Account
 

Here’s a look at the benefits of the FIRST Power Savings Account, which makes it a good choice for women –

• Higher returns of up to 7.25% per annum with monthly interest credits
• A choice of two rewarding debit cards – VISA Platinum Debit Card and VISA Classic Debit Card
• Free and unlimited ATM transactions across India at any bank’s ATM
• Up to 50% discount on locker rentals for the first year on accounts requiring a minimum average monthly balance of ₹25,000
• Higher transaction limits and attractive merchant offers on debit cards
• Complimentary insurance protection with personal accident cover, air accident cover, and lost card liability protection
• Complimentary health benefits for a year with MediBuddy after you activate the mobile banking facility on your account

The health benefits add an edge to the account and encourage healthy living. Here’s how –

• Free and unlimited online consultations with a general physician. Your whole family, up to four people, can avail of this benefit
• Get special discounts of up to 15% across network pharmacies on all medicine orders
• Get a complimentary full-body health checkup covering 50+ parameters, such as kidney function tests, complete blood count, and Glucose Fasting (FBS).
• Get a wallet amount worth ₹500 for savings on purchases

Elevate your lifestyle with a women’s savings account
 

Understand and unlock the benefits of a women’s savings account and make banking more rewarding. Park your surplus funds, make easy payments and transfers, and transact seamlessly with the right account.

The FIRST Power Savings Account, curated for women, offers attractive perks, including higher returns, health benefits, and rewarding debit cards. Make it your banking partner and manage your finances seamlessly. Apply for the account now and enjoy the lifestyle benefits curated just for you.