ICICI Advantage Women Savings Account
ICICI Advantage Women Savings Account
ICICI Bank provides offers for women to avail IT certifications, education, healthcare and personality development to increase financial stability and livelihood through Advantage Women Savings Account. The Advantage Women Savings Account is a savings account for women, providing support to create financial stability with benefits.
Objective
- To support women establish financial independence
- Provide offers to enhance professional skills
- Offer double benefits on home loans, insurance and accident cover
Features
- Anywhere banking
- Money Multiplier Facility
- No limit and charges on cash withdrawal at any banking facility
- Free Internet Banking, Mobile Banking and Email Statement facility
- Free multi-city cheque book
- Nomination facility and Standing instructions facility
Eligibility
- Any woman above the age of 18 is eligible to open an Advantage Woman Savings Account
- Applicants need to have a valid identity and address proof
- Should be a resident of India
Monthly balance requirement
The individual must maintain a minimum monthly balance of Rs.10,000.
Benefits of the account
Discount on lockers
ICICI Bank offers 50% discount on first-year locker rentals for Advantage Woman Savings Account holders.
Debit Card Benefits
With the Advantage woman savings account, account holders get free unlimited access to all banks ATMs, without charges. The account holders are also eligible for a cashback of Rs.750 per month on dining, jewellery and entertainment and offer on the usage of Debit Card. Further, account holders get a personal accident insurance protection and purchase protection cover on the card.
High Returns
The account holder can set a balance limit, and any amount over this limit will be converted into a Fixed Deposit (FD) on request. FD has a higher interest rate in this account.
Special Offers
There are preferential rates on personal loans, car loans and home loans for advantage woman savings account holders.
Nomination Facility
- Anybody can be nominated as a beneficiary to the account.
- There can be one nominee for a deposit account.
- Nomination facility is available for bank deposits.
- Nomination can be made by filling up the form.
- Any individual legally empowered to operate a minor’s account can also file a nomination on behalf of the minor.
Variants of Advantage Woman Savings Account.
There are four variants of the account, each having different benefits and monthly average balance requirement.
Advantage Woman A/c Regular
Monthly Average Balance (₹10,000)
Benefits:
- 50% discount on first-year locker rentals
- Unlimited access to all the bank ATMs
- Monthly Cashback up to Rs.750 on debit card usage
Advantage Woman A/c Silver
Monthly Average Balance (₹25,000)
Benefits:
- 50% discount on first-year locker rentals and 15% thereafter
- Unlimited access to all the bank ATMs
- Monthly Cashback up to Rs.750 on debit card usage
- Free banking across all branches
Advantage Woman A/c Gold
Monthly Average Balance (₹50,000)
Benefits:
- 50% discount on first-year locker rentals and 20% thereafter
- Unlimited access to all the bank ATMs
- Monthly Cashback up to Rs.750 on debit card usage.
- Exclusive zones and Priority Processing at branches
Advantage Woman A/c Titanium
Monthly Average Balance (₹1,25,000)
Benefits:
- 50% discount on first-year locker rentals and 40% thereafter
- Unlimited access to all the bank ATMs
- Monthly Cashback up to Rs.750 on debit card usage.
- Dedicated relationship manager
- No charges for DD drawn on the bank by cheque or transfer
- Exclusive zones and Priority Processing at branches
Application Procedure
Step 1: Choose ‘Products’ on ICICI homepage > Choose ‘Accounts and deposits’ > Click Savings Account > Choose Women > Click on ‘Advantage Women Savings Account’
Step 2: Provide an Aadhaar number or visit the nearest bank to open a savings account
Step 3: Fill up the application form.
Step 4: Choose the savings account variant carefully.
Step 5: Provide proof of identity, proof of address, PAN Card and Form 16 if PAN Card is not available.
Step 6: Provide 2 passport size photographs and submit documents.
Step 7: The bank will verify details to activate the account.
Once the account is opened, an initial deposit will have to be made keeping the minimum balance in mind.
Documents Required
- PAN Card
- Passport
- Driving License
- Aadhaar card
- Form 16 if PAN card is not available
- Voter’s ID card
- 2 passport size photos
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