Should women go for women's savings accounts that come with the added benefit of personal accident insurance coverage?9 min read 08 Mar 2023, 07:32 PM IST
For women who wish to take the first step in managing her own finances, banks provide women savings accounts that come with extra bonuses above standard accounts.
For women who wish to take the first step in managing their own finances, banks provide women savings accounts that come with extra bonuses above standard accounts. Women's savings accounts typically provide features like accidental death insurance, accidental hospitalisation cover, preferential loan rates, high daily cash withdrawal limits, yearly maintenance charge waivers, low opening deposits, free chequebooks, low average monthly balances, and much more. Yet, there are a number of drawbacks to women's savings account as well. Therefore, let's educate women on whether they should open a women's savings account or a standard one on International Women's Day.
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