In a significant move towards promoting financial inclusion and empowering women, Axis Bank has launched the ARISE Women’s Savings Account, designed to cater to the specific needs of women in India. This account is aimed at providing a range of benefits, including financial independence, tailored banking services, and exclusive privileges. With a growing focus on women’s economic participation and financial literacy, Axis Bank is taking a major step to bridge the gender gap in the banking sector.
The ARISE Women’s Savings Account by Axis Bank is not just a savings account but a comprehensive financial tool for women that addresses their unique banking and financial needs. The initiative is part of Axis Bank’s ongoing commitment to enhance financial inclusion and support women in managing their finances with ease and confidence.
BENEFITS
Unlock ₹3,000 worth of exclusive benefits with free Demat account opening and no annual maintenance charges (AMC) for the first year, get all financial queries answered by women experts through helpdesks Invest in a customized basket of stocks designed specifically for women, with unlimited investment options through Smallcase, Select the best stocks with in-depth analysis and enjoy a 50% discount on SmartEdge
BALANCE MAINTAINANCE CRITERIA
Initial funding: ₹50,000, Average Monthly Balance of ₹50,000 in Savings Account or Average Monthly Balance of ₹1 Lakh across Savings and Current Accounts or Total Relationship Value of ₹2 Lakh across Savings Account, Current Account, Term Deposit and Mutual Funds
ELIGIBLITY
Available to all women residing in India
DOCUMENTS REQUIRED
Two recent passport-sized photographs, Address and identity proof documents, Single copy suffices if the same document serves as both address and identity proof (e.g., Passport or Aadhaar Card), If the mailing address and permanent address differ, provide address proof for both, For a Joint Account, address and identity proof documents are required for both applicants. Address proof can be provided by the first holder, provided it is supplemented by a relationship proof between the holders
Conclusion
Axis Bank’s ARISE Women’s Savings Account is a step in the right direction for empowering women and promoting financial inclusion in India. By offering tailored benefits such as higher interest rates, no minimum balance requirement, free ATM transactions, and personalized services, the account makes it easier for women to manage their finances and work towards achieving their financial goals.
With a focus on financial independence, savings, and wealth creation, the ARISE Women’s Savings Account is an excellent tool for women across India to take charge of their financial futures and achieve economic empowerment.
MORE INFO
| Guidelines | CLICK HERE |
| Official Portal | CLICK HERE |
