What is the eligibility criteria for opening Women Savings Account?

Silk Savings Programme - The saving account for women is offered to only resident Indian woman customers above 18 years of age where primary account holder should be a woman in case of joint account.

What documents are required to open a bank account for housewife?

The documents required for women saving account opening are as follows: 1) Identity Proof - (Driving License, Passport, Voter's ID, Aadhaar Card) 2) Address Proof - (Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old) 3) Signature Proof - (PAN Card, Driving License, Passport) 4) Latest Passport Size Photographs

What is the difference between regular saving account and women saving account?

A regular savings account can be opened by anyone above the age of 18, whereas Silk Savings Programme can only be opened by resident indian women customer over the age of 18 years and comes with exclusive benefits and offers.

Women's Savings Account | Open Bank Account for Housewife in 5 Mins

Q: What is women saving account?

The Kotak Mahindra Bank Silk - Women Savings Account programme provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.

Q: What are the benefits of women bank account?

The benefits of Silk Savings Programme are as follows: 1) Kotak Rewards - Avail upto 1500 kotak rewards on deibt card spends. 2) Exclusive Offers - Flat 20% off on a minimum spends of Rs.799 on Urban Company (maximum discount Rs.350) &10% off on a minimum spend of Rs.2000 on NYKAA (maximum discount Rs.250) 3)Community Access - Access to a community that will help women master the art of personal finance (@silk.moneymatters) 4) Kotak ActivMoney - Earn FD like interest in your Savings Account with ActivMoney. 5) Dedicated Query Resolution & Services -Dedicated toll free number 80-69-69-5555 for query resolution along with doorstep banking like cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank’s Silk Savings Programme

Q: What is the interest rate for savings for women?

Daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

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Silk - Women’s Saving Account

The Kotak Mahindra Bank Silk programme provides women with the best of offers in finance, dining, health and lifestyle, empowering them to do more.

Kotak Rewards

Earn up to 1500 Kotak Reward Points on purchases carried out through your Silk Platinum Debit Card

Exclusive offers

Flat 20% off on a minimum spends of Rs.799 on Urban Company (maximum discount Rs.350) &10% off on a minimum spend of Rs.2000 on NYKAA (maximum discount Rs.250)

Silk Money Matters

Access to a community that will help women master the art of personal finance (@silk.moneymatters)

Kotak ActivMoney

Earn FD like interest in your Savings Account with ActivMoney click here to know more

Dedicated Query Resolution desk

Dial 80-6969-5555 toll free for all queries

Services

Enjoy doorstep banking like cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank’s Silk Savings Programme

Silk Privileges

Exciting Offers

Urban Company - Flat 20% off up to INR 350 on a minimum spends list of Rs. 799
Nykaa - 10% off on a minimum spend of Rs. 2000 – max Rs. 250

To find out the latest offers available on women's savings account click here

Kotak ActivMoney

Earn FD like interset rate upto 7% with your SILK Savings Programme. Sweep in Sweep out limit as per variant. click here to know more

Preferential pricing on banking products

50% discount on Locker rental for the first year for every Silk Women’s Savings Account
Rs. 999 flat processing fee on Personal Loan
Up to 100% On-road funding on Car Loan
Flat ROI @ 9.49% p.a. and zero processing fee on Two-Wheeler loan
Zero Processing Fee on Gold Loan

Always by your side

Dial 80-69-69-5555 | Available 9:30 am - 6:30 pm from Monday – Saturday
Access to Silk Money Matters, a community that will help women master the art of personal finance

Silk Platinum Debit Card

The Kotak Silk Platinum Debit Card has been designed keeping in mind the needs of the new age Woman. It comes with a host of offers on brands across categories, reward points on debit card spends and features that will ensure utmost convenience.

Enjoy daily purchase limit of Rs. 2,00,000
Get domestic daily ATM withdrawal limit of Rs. 40,000 and international daily ATM withdrawal limit of Rs. 50,000
Kotak rewards
- Experience Kotak Rewards feature where you can earn up to 1500 Kotak Reward Points on purchases carried out through your Silk Platinum Debit Card and redeem points across categories like groceries, apparel, jewellery, hotel, dining etc.
- Rewards details on Silk Platinum Debit Card spends are listed below
  
  Below are the details of Reward Points:
  
  Minimum Spends per month
  
  Reward Points per month
  1 Kotak Reward point=Rs 0.25
  
  Rs. 7,500 - Rs. 15,000
  
  400
  
  Rs. 15,001 - Rs. 25,000
  
  1000
  
  Rs. 25,001 & above
  
  1500
  
  Rewards are subject to meeting of minimum spends criteria and maintaining average monthly balance . Spends should be on domestic merchant transactions using Debit Card. The reward points will be credited every month for the previous calendar month in your Kotak Rewards account. Validity of reward points will be 1 year from the date of credit. Details of the same will be communicated through email on registered email id and SMS on registered number. ATM cash withdrawals are not eligible for Rewards. Accrued Reward Points for the last month’s spends will be available in Kotak Rewards Portal latest by 5th of the subsequent month.
Insurance facility
- Liability of lost card- Up to Rs. 3.5 Lakhs
- Purchase Protection Limit- Up to Rs. 1 Lakh
- Personal Accidental Death Cover-Up to Rs. 15 Lakhs
- Lost Baggage Insurance- Rs. 1 Lakh
- Accidental Air Death Insurance- Up to 50 Lakhs

Key Partners

Disclaimer

W.e.f. Jun 13, 2022, daily balances in Savings Account above Rs. 50 lakhs will earn 4% interest p.a. Daily balances in Savings Account up to Rs. 50 lakhs will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.

^*TnC Apply

^*The Two Wheeler loan is provided by KMPL

Year is defined as period of 12 months from 1st January to 31st December for cheque book issuance charges

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