Top 10 Best Women Savings Accounts in India 2025 (zero-balance & more)

Imagine this, you're at the bank, holding a brochure that promises the "perfect women's savings account." Zero balance and high interest rates all sound great, right? 🤔

But then you spot a tiny asterisk. You read the fine print, and it turns out "zero balance" only applies if you have a ₹50,000 fixed deposit, and the "high interest rate" is only for balances above ₹1 crore. Suddenly, that perfect deal doesn't seem so perfect anymore.

With so many women's savings accounts out there, it can be overwhelming to know which one is truly best for you. This is why in this article, we have tried to compile the top 10 best woman savings accounts in India in 2025 for housewives, working women and non-working women with most of the key details you need to know.

Below are the best women's savings accounts in India in 2025.

If you are looking for a women's savings account in India that pays one of the highest interest rates, the IDFC First Power Women Savings Account is worth considering. You get a 7.25% p.a. interest rate for an investment anywhere between 5 Lakhs to 50 Crore. Below 5 Lakhs, you earn a 3% interest rate p.a.

But there's a catch which our user @Januone very well explained (courtesy & a big thanks to them):

"IDFC 7.75 interest rate on saving account is quite misleading advertisement by bank. I believe bank gives 7.75 interest on the amount which exceeds 5 lack. If saving acct balance is 6 lakh then out 6 lakh , 5 lakh will get 3.5 % interest only and 1 lakh will get 7.75% interest.. Correct me if I m incorrect."

This is highly important to know because even though the bank is advertising higher interest rates, you will still only be able to earn a few pennies extra thanks to its interest structure. Moreover, the gap between monthly and quarterly interest credit is pretty small — unless you’re saving larger sums or over a much longer period:)) So don't fall for that too.

Coming back to the IDFC Women Savings Account, here are some of the benefits you get:

• Complimentary health benefits for 1 year with Medibuddy

• Free Full Body Health checkup covering 50+ parameters such as kidney function tests, complete blood count tests, Glucose Fasting (FBS) and more

• Personal Accident Insurance Cover of ₹5L

• Air Accident Insurance Cover of ₹30L

• Earn 2 reward points on every ₹150 spent online (1 RP = ₹0.25)

• Free IMPS, RTGS, NEFT, SMS Alerts, Cheque book re-issuance

• No Debit Card annual charges, no issuance charges

You get 2 debit card options. One is the Visa Signature variant (₹25,000 monthly minimum balance) and the other variant is the Visa Classic debit card (₹10,000). All the above-mentioned details are shared keeping this second variant in mind.

An update: You can also consider checking out the AU Small Finance Bank women’s savings account which can help you earn 5% interest on a balance between 5L to 10L and 3% interest on a balance below 1L. However, you do not get a RuPay debit card. Instead, the bank offers a Visa Global debit card which has an annual fee of ₹200 + GST.

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SBI is a DICGC-insured bank that has earned a spot for being one of the best women's savings accounts with zero balance in India in 2025. Account holders get the benefit of mobile banking, SMS alerts, internet banking, nominee facility and no minimum average balance, unlike most other banks. Thanks to the no minimum balance feature, SBI becomes one of the best savings accounts for housewives or non-working women who cannot add new funds each month or do not want to maintain a high MAB.

You can choose between physical or virtual debit card in any one of the three variants; RuPay, Visa and Mastercard. Additionally, SBI rewards 2 points per ₹200 spent (1 RP = ₹0.25). The only major downside is the low interest rate you get on your savings – 2.70% p.a on a balance less than ₹10Cr.

Top 5 benefits of opening Axis Women Savings Account:

• RuPay Platinum Debit Card (discount on Amazon, Swiggy, Joyalukas, Giva, EatSure, etc)

• Personal accident insurance cover of up to ₹2L

• Air accident insurance covers up to ₹1Cr

• ATM withdrawal limit ₹40,000 per day & POS Limit of ₹1L

• First 5 transactions free at Axis Bank ATMs

• First 3/5 transactions free at Non-Axis Bank ATMs in a metro / non-metro location respectively

• Earn 1 Axis Edge Reward Point per ₹200 spent

• Complimentary airport lounge access

Axis is one of the most trusted banks in India. Customers can open a free women's savings account with Axis Bank with an interest rate of 3% p.a for an amount below 50L. Keep in mind the account opening is free but you need to add an initial deposit of ₹15,000 (urban), ₹6000 (semi-urban) to ₹3000 (rural) and pay ₹200 for debit card issuance. After opening your savings account for women, you receive an Axis RuPay Platinum Debit Card that fetches a 20% discount of up to ₹100 on bill payments & recharges on Amazon & Swiggy food orders every Friday once a month (this is applicable to all RuPay Platinum debit cards by the way, not just Axis)

Also read: Flipkart Supermoney RuPay credit card

ICICI is one of the largest private sector banks in India and if you are looking to open a savings account for your mom, sister, wife or yourself as a woman, ICICI has a total of 5 savings account schemes present. These savings account scheme for women are Regular Aura (₹10,000 MAB), Silver Aura (₹25,000 MAB), Gold Privelege Aura (₹50,000 MAB), Magnum Privelege Aura (₹100,000 MAB) and Titanium Privelege Aura account (₹2L MAB). Regular account holders can earn up to ₹750 cashback per month using debit card for entertainment, shopping, dining and jewellery.

Moving on to our list, one of the best women's savings accounts in India in 2024 is from Union Bank, i.e. if you can maintain an average quarterly balance of ₹15,000. You get free cancer care insurance coverage worth ₹5L on the detection of Breast, Ovarian or Cervical cancer. Customers who do not already have life & health insurance for their women-friends or family members can highly consider this benefit.

You also get a complimentary personal accident cover of ₹2L with your savings account and ₹50L cover for air accidents with a RuPay Platinum debit card. The savings account interest rate presently is 3.50% for an amount below ₹3Cr (over a 7 - 14-day period) and the highest interest rate account holders can earn is 7.40% for a 333-day saving period. Account holders also earn 1 Point on every ₹100 spent 1 reward point = ₹0.25.

Tip: Consider checking out our latest credit card offers to know some of the best LTF Credit Card deals as well as offers on other credit cards from top banks. 💡

Canara Angel Savings Account for Women is again one of the best savings accounts for housewives, working women, or any woman who wishes to avail herself of a low monthly balance account, free RuPay debit card (20% OFF on Amazon & Swiggy every month) as well as a free cancer care insurance coverage worth ₹3L.

Benefits of the Canara Angel Women Savings Account (Lavender variant) are:

• Cancer Care Insurance worth 3 Lakhs

• Personal Accident Insurance up to 8 Lakhs (with RuPay Platinum debit card)

• Free Rupay Women Platinum Card (no issuance or annual charges)

• Exclusive Card offers from Myntra, Amazon, Swiggy, and BookMyShow with benefits up to ₹4000/-

• Free SMS alerts

• Free NEFT /RTGS /IMPS

• Waiver of processing charges of 0.05% concession p.a in applicable ROI on home loans

There are 2 more variants of the Canara Angel Savings Account namely Rose (30K QAB) and Orchid (1L QAB). These variants offer slightly bigger benefits with their higher Quarterly Average Balance (QAB). So you can choose based on your financial needs.

Also read:

Best HDFC LTF Credit Cards in India

Kotak Silk Woman Savings Account in India can be opened for free (with an initial deposit of ₹10,000 monthly minimum balance) and gives account holders key benefits such as up to 1500 reward points per month, a discount on Nykaa, a flat ROI @ 9.49% p.a. and zero processing fee on a Two-Wheeler loan. The savings account for women fetches an interest rate of 3.50% for a daily balance below 50L which is kind of standard. The debit card you receive will be Kotak Silk Platinum Debit Card with an annual fee of ₹250 + GST.

Benefits of Kotak Women Savings Account:

• Up to 1500 Kotak rewards on debit card spend.

• 10% off on a minimum spend of Rs.2000 on NYKAA (max ₹250 OFF)

• Air accident insurance cover of ₹50L

• Lost baggage insurance cover of ₹1L

• Two-wheeler loan at flat ROI @ 9.49% p.a. and zero processing fee

• Zero-processing fee on Gold Loans

• Kotak ActivMoney - Earn FD-like interest in your Savings Account with ActivMoney.

• Dedicated Query Resolution & Services - cash pick-up and delivery, cheque/draft delivery, etc. at your home with Kotak Bank’s Silk Savings Programme

Also read: UPI Limit for Tax Payments now 5 Lakhs

RBL is another popular private sector bank in India assured by DICGC that is known for its credit cards offering B1G1 offer on BookMyShow. If you are looking for one of the best women's savings accounts in India, RBL still emerges as a considerable choice — thanks to complimentary Medibuddy membership, complimentary insurance up to 10L and up to ₹2500 offers on MedLife, Joyalukkas, Kalyan Jewellers, Crocs, Fab Hotels, Ferns n Petals and more. The daily minimum balance is ₹10,000 and you get an RBL Bank Woman’s First Debit Card which has a ₹500 p.a cost.

Women looking to open a savings deposit account with HDFC can do so for free with an initial deposit of ₹10,000 which is also the average monthly minimum balance amount. Account holders can hold up to ₹1 cashback on every ₹200 spent. One of the biggest benefits is also that they can earn a 3.5% lower interest rate on 2-wheeler loans. An EasyShop Women Advantage Debit Card is also rewarded which earns up to 5% cashback on your debit card on transacting through PayZapp & SmartBuy. Coming to the savings account interest rate, it is about 3% for a balance below 50L.

Benefits of HDFC Women Savings Account:

• EasyShop Woman Debit Card

• Earn up to Rs.1 Cashback point on every Rs.200 spent on Telecom, Utilities, Groceries & Supermarket, Restaurant & Apparel, & Entertainment. (Max Rs. 750 per month)

• HDFC Debit Cards offers on jewellery, fashion, electronics, food and more

• Daily Domestic Shopping limits: Rs. 2.75 lacs

• First 5 ATM cash withdrawals free at HDFC’s Bank ATMs

• Death Cover by Air / Road / Rail - Sum Insured Rs. 5 lac

• 25 & 50 Number of leaves (Chequebook) for free per month for balance below 50K & above 50K, respectively

Lastly on our list of the best woman savings accounts in India in 2025, we have the IndusInd Diva Women Savings Account which comes with a RuPay Platinum Max debit card (no annual charges), Buy 1 Get 1 Free offer on BookMyShow, 5X reward points on shopping and more. The quarterly minimum average balance is also ₹20,000 which is quite high and the savings account interest isn’t that attractive (just 3% for daily balance below 1L) but it might be worth the benefits you get with your account.

Benefits of IndusInd Diva Women Savings Account:

• Buy 1 Get 1 Free on movie tickets from bookmyshow.com

• Free IMPS, RTGS, NEFT at branch and online

• No annual charges for RuPay Platinum Max debit card

• 20% OFF offer on Amazon & Swiggy on Friday once per month

• Earn 5 reward points for every ₹200 spent for spend above ₹40,001 (1 point = ₹0.35)

• Complimentary insurance cover worth over 30L with your RuPay Platinum Max Debit Card

Below are some more bonus mentions on savings accounts for women in India in 2025 that you can consider joining depending on your needs.

So that’s all about sharing the best women's savings account in India for housewives, working women, non-working women or any other women. If you're 69 or older, or helping your mother or wife, it might be better to look into a senior citizen savings account instead. Before opening your bank account, you can also check if your bank is DICGC-insured or not.

We have several useful discussion threads on women's savings accounts that you can consider checking out:

Decent savings account for women

Online savings account opening suggestions