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.

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 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

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.

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.

Kotak Silk partnered with the Indore 2019 Summit of Sheroes

Open Online

20 AUGUST, 2019

At the heart of Kotak Silk Savings Account, our savings programme designed especially for women, is the belief that financial independence is the true independence for women. Silk pays special attention to activities and initiatives that revolve around information sharing, education, networking and recognition opportunities for women. As part of this philosophy, Kotak Silk partnered with Sheroes for their Indore Submit of 2019.

SHEROES is the largest women-only community platform with a growing member base of 1.4 million women pan- India, offering conversations, support and opportunities in key areas of finance and money management, careers, health, achievements and more.

The Indore Summit was an ideal chance for women to bring out inspiring stories and network around important platforms like financial empowerment through SILK. The theme of the summit was #BeYourOwnRani and was attended by over 500 women who were a combination of homemakers, entrepreneurs and students. It was packed with conversations, inspirations and infotainment.

There was an interesting line up of sessions by real life women ambassadors who have worked hard to earn the success they have and are now an inspiration for others. One of the speakers at the event was Ms. Shilpi Mishra, Executive Vice President, Kotak Mahindra Bank. She spoke on the topic- Women and Saving for Future, and shared her views on how women are the best spenders as well as savers at all times. Her talk included interesting anecdotes of her own experiences and her personal journey of financial independence. It was an encouraging session which motivated the attendees to take their first step towards financial independence by opening a Kotak Silk Savings Account and know more about useful investment options like Fixed Deposits, recurring Deposits or even Mutual Funds to help them build their own financial corpus.