Product Details
Bank Name
Indian Bank
Account Name
IB Mahila Shakti For Women
Account Type
Savings
Interest Rate
Up to Rs.10 lakh - 2.75%. More than Rs.10 lakh to less than Rs.200 Cr - 2.80%. Rs. 200 Cr and above - 2.90%
Free Debit Card
Yes. Rupay platinum card with AMC free
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Account Opening Fees
Annual Maintenance Fees
Minimum Account Balance
Rs. 1000/–
Debit Card Charges
'-
NEFT Charges
SB customers are waived from charges of NEFT online transactions
IMPS Charges
Fees and Charges
IB Mahila Shakti For Women
Special Features
5% concession in respect of Demand drafts issued to the debit of the Savings Bank account for purpose other than business. · Rupay platinum card with AMC free · 25% discount on locker rental on lockers of all sizes for locker allotment linked to IB Mahila Shakti SB account
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
VARIANT I · Accounts where no salary is credited.
Sweep option with threshold (minimum Rs. 50,000), sweep/ break sweep amount (minimum Rs.10,000) & tenure (upto 180 days) as per customer’s choice.
Sweep will be created at weekly interval.
VARIANT II · Accounts where salary is credited.
Sweep option with threshold (minimum Rs. 50,000), sweep/break sweep amount (minimum Rs.10,000) & tenure (upto 180 days) as per customer’s choice.
Sweep will be created at weekly interval.
5% concession in respect of Demand drafts issued to the debit of the Savings Bank account for purpose other than business.
Rupay platinum card with AMC free.
25% discount on locker rental on lockers of all sizes for locker allotment linked to IB Mahila Shakti SB account
Cons
IB Mahila Shakti For Women
The account comes with low interest rate and offers average value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai