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The features of the account have
been specially designed keeping in mind a woman's financial
requirements. These include
A) Recurring
Deposits
B) Financial planning of children
C) Family Shield Insurance
In addition to these, all features
of the existing bank account are available with this account
as well such as
- Free international debit card
( Click
here for details )
- Internet Banking
- Phone Banking
- ATM's
Recurring
deposit
-
A small amount of money
saved every month can grow to a large amount over a period
of time
- No Tax deducted at source
-
Can be used for your future
expenses like your child's education, marriage, festivals,
or just to buy that gold necklace you always wanted, by
keeping aside a small fixed amount every month
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Family
shield insurance
- Ensures the security of your
family through a personal accident insurance policy
For an yearly premium amount
of Rs.60/-, your child/family can be insured for an amount
of Rs. 2 lac (in case of surface accidents) or Rs.4 lac
(in case of air accidents).
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Financial
Planning for Children
A "Young star" account
- special account for kids to promote the savings habit in
them can be opened for just for a minimum balance of Rs.500
per quarter. The account has the following features
- Free differentiated debit
card for them
- Free differentiated cheque
book
- Free internet banking
- Facility to transfer funds
from parent account to kid account to enable parents inculcate
savings habit in children
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* Currently available only in
Andhra Pradesh region.
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