In what ways does Women's Savings Account help?

If you earn steadily, savings becomes your top priority. It lets you build emergency funds, and achieve retirement plans and other financial goals swiftly. Banks facilitate this process with different Bank Accounts for your perusal. They categorise the accounts catering to varied needs. Also, they come with distinct benefits and characteristics that are easily accessible through Online Banking.
One of the categories is Women's Savings Account. It provides women with financial freedom and allows them to save for their children's education, handle monthly expenses, and achieve short-term objectives. The growing demographics of high-income, influential, and professional women have inspired banks to address such needs. They do so by offering several benefits to working and independent women:
Offers and discounts
Women enjoy numerous perks under such an account. This involves discounts and cashbacks during shopping, payments, and transfers. If you prefer using Banking Cards, you can capitalise on such benefits. However, you should note that such discounts come with specific terms. It is best to understand them for better clarity. Once you compare such offers calculatively, an online Saving Account opening proves to be highly beneficial.  
Higher interest rates
You get a fixed interest rate when you open Savings Account generally. But when it comes to women, the interest rates are slightly higher. If you meet some specific eligibility criteria, you can better leverage them than opting for a regular account.
Low minimum balance
A regular Savings Account requires you to maintain a considerable sum. While regional banks ask you to maintain up to Rs. 2,000, commercial banks extend the limit up to Rs. 10,000. Meanwhile, a Women's Account is manageable as the average balance is about Rs. 5000 in urban areas. This limit reduces to Rs. 2,500 in semi-urban areas. Such a low balance offers better and higher liquidity to manage expenses through your account.
Loan & Investment benefits
Women achieve numerous milestones in their careers and personal life. This increases their savings. To fulfil them, banks offer a host of Loan benefits. These include preferential interest rates and flexible equated monthly instalments. Similarly, you can also make investments in varied avenues. These include stocks, Mutual Funds, Fixed Deposits, Insurance Plans, etc. You can manage them efficiently through Banking apps.
Priority services
As women have distinct needs, they receive appropriate services and are prioritised. This includes quick processing, privileged banking zones, and a higher monthly average balance. They are also assigned a dedicated relationship manager if they subscribe to premium services. Women should leverage these benefits by opting for the Women Savings Account. Make sure to check the services to decide your compatibility with your needs.