ICICI Advantage Women’s Savings Account
ICICI Bank offers a unique women’s savings account designed exclusively for women, providing tailored features like higher interest rates and easy access to banking services. This women savings account helps women manage their finances with benefits such as free ATM withdrawals and special privileges.
Savings accounts for women often come with offers for skill-building programs and courses to help them become self-sufficient. Similar to Privilege Bank Accounts, these accounts offer exclusive benefits such as discounts on lockers, dedicated banking assistance, and preferential rates on loans.
Highlights of Advantage Women’s Savings Account:
Bank | ICICI Bank |
Category | Savings Account |
Minimum Balance Requirement | Rs.10,000 |
Debit Card | Special Women’s Debit Card |
Special Women’s Debit Card | Any woman who is 18 years old and above, and who is a resident of India, can apply. |
Features of Advantage Women’s Savings Account:
- Unlimited cash withdrawals can be made for free from any Bank’s ATM across India.
- The Money Multiplier feature allows account holders to earn higher interest on their savings account deposits. It will enable you to link your savings account to a fixed deposit account and then use the balance in the fixed deposit account to evaluate the interest earned on your savings account.
- Account holders can make transactions from any ICICI branch across India.
Benefits of ICICI Advantage Women’s Savings Account:
Enjoy the use of a special debit card with multiple offers and rewards. Cash withdrawals can be made free of charge. Multi-city chequebook is available free of cost.
Additional Facilities Available for ICICI Advantage Women’s Savings Account:
Mobile Banking | Available |
Internet Banking | Available |
Bill Pay Facility | Available |
Multi-city Chequebook | Available |
Nomination Facility | Available |
Fees and Charges of ICICI Advantage Women's Savings Account:
Non-maintenance of Monthly Average Balance (MAB) | The required MAB shortfall is charged at a rate of 6% or a minimum of Rs.500, whichever is lower. |
E-mail statement | Free |
Passbook | Free |
Debit Card Fees Annual Fees | Rs. 150 For Gramin Rs.99 |
Transaction charges | The maximum amount of deposits and withdrawals allowed per month is either Rs.5 for every Rs.1,000 or Rs.150, whichever is higher, with a free limit of Rs.1 lakh. For transactions at a non-home branch, a charge of Rs.5 is applied for every Rs.1,000 or Rs.150, whichever is higher, for transaction values over Rs.25,000 per day. Third-party cash transactions have a maximum value of Rs.25,000 and a charge of Rs.150 per transaction. |
Additional cheque book | Rs.2 per leaf |
SMS alert facility | 15 paise per SMS |
Cash transactions made in branches in the same city | The maximum number of deposits and withdrawals allowed per transaction is Rs.150, but four free cash transactions are permitted per month. |
ICICI Bank ATM transactions | Free |
Other bank ATM transactions | Free |
Charges on cash transactions at branch made when minimum balance is not maintained | For the first two free cash transactions, a fee of Rs.100 per transaction will be charged, and a fee of Rs.125 will be applied for any additional transactions. These charges will be in addition to any non-maintenance of minimum account balance charges that may apply to the account according to the terms and conditions of the account. |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
FAQs on ICICI Advantage Women’s Savings Account
- What is the eligibility for opening an ICICI Bank Advantage Women Savings Account?
The account is exclusively for women who are Indian residents and are 18 years or above.
- What documents are required to open an ICICI Bank Advantage Women Savings Account?
To open an ICICI Bank Advantage Women Savings Account, you will need to provide proof of identity, address, and date of birth.
- Is there a minimum balance requirement for the ICICI Bank Advantage Women Savings Account?
The minimum balance requirement is Rs.10,000 for the ICICI Bank Advantage Women Savings Account.
- Are any fees or charges associated with the ICICI Bank Advantage Women Savings Account?
Charges for non-maintenance of minimum balance and charges for exceeding the limit on cash transactions apply to this account type.
- Can I link my ICICI Bank Advantage Women Savings Account to an ATM or debit card?
ATM card or debit card can be linked to the ICICI Bank Advantage Women Savings Account for easy access to your account and for making transactions.
- Can a joint account be opened with the ICICI Bank Advantage Women Savings Account?
ICICI Bank Advantage Women Savings Account is a single-party account and cannot be opened as a joint account.
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