Banks these days are coming out with more of the banking products for the women. To make more women indulged in banking, banks are introducing special offers and schemes for the women. In addition to this last year a bank to primarily focus on banking needs of women was established.
It has been reported that many banks offer special saving accounts for the ladies that come with added benefits. Axis Bank offer Smart Privilege Account For Women" where the minimum balance is Rs. 10,000 and there are added benefits of a zero balance minor account, a debit card and a jewellery insurance cover. Special credit card offers are also given to women customers.
Banks provide lower interest rates to the women on home loans, they provided with exclusive offers on insurance policies. LIC jeevan bharati policy provides insurance to women regarding the women related and covers pregnancy as well as medical cover for children born with congenital problems. Special loan schemes are introduced for the women entrepreneurs. They are provided with several types of loan that will assist them in buying jewellery, setting up palours etc. Banks are providing full support to assist and boost the women regarding the banking facilities.