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' ICICI Home Page

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.