KOTAK MAHINDRA BANK-SILK

Kotak Mahindra Bank’s Silk programme is dedicated to the woman of substance. Silk is a toast to many things which empower women and make them feel special in every way.

FEATURES

Worry-Free Banking Features

Up to 6% Interest p.a. on your Savings Account ActivMoney, BillPay, netc@rd, Wealth Statement, Home Banking & Other powerful,

Transactional features

Rewards on Kotak Silk Debit Card SpendsI. Exciting Cashback across various categories

ORII. Option of free monthly Movie Tickets instead of Cashback

Financial Privileges

NMC waived Kid's Account Discount on Lockers and Best Compliments Card Higher Withdrawal Limits on your Kotak Silk Debit Card Purchase Protection and Lost Card Liability on your Kotak Silk Debit Card

Features

Exclusive Privileges

Rewards on silk

Worry-Free

Banking

Financial Privileges

Exclusive discounts and offers across

Worry free Banking: Features

Get rewards on Kotak Silk Debit Card Spends - Cash back or Free Movie Tickets Financial Privileges - NMC waived Kid's Account, Discount on Lockers and Best Compliments

Card Hassle-free bill payments: BillPay facility: Use our BillPay facility for automatic payments of your

bills through your bank account Safer online transactions: Generate a virtual card for online transactions with Kotak Gold

netc@rd facility Wealth Statement: This facility gives you updates of your Savings Account, Current Account,

Term Deposits, Demat Account and Mutual Funds, all in a single account statement Travel cashless: Use Kotak Mahindra Bank's Silk Debit Card and get special offers, privileges,

lifestyle benefits and much more Home Banking Service: Enjoy services like cash pick-up, cash delivery, cheque / draft delivery,

etc. without stepping out of your home. This service is available in select cities

Dining

CConsumer-Durables

Entertainment

travel

jewellerykids

travel

Beauty

Shopping

Rewards on silk debit card spends

60 Free movie tickets: You can opt for the option of free monthly Movie Tickets at the time of account opening to watch all your favorite movies1

Rs. 4500/- Cashback: With your exclusive Silk Photo Debit Card, enjoy attractive Cashback each time you shop2, up to Rs.4500/-3 in a year.

Cashback across all spends, inclusive of the following categories:

Reward Details on debit card spends (effective 1st August 2014)Edge/Nova Pro/Classic Ace

Cash back Rs 1200/annum or Rs 100/month

Rs 1800 per annum or Rs 150 / month

Rs 4500 per annum or Rs 375 per month

OrMovie Ticket (monday to saturday)

12 tickets @ 1/month 24 tickets @ 2 / month 60 tickets @ 5 /month

Criteria to avail rewards on debit card spendsEdge/Nova Pro/Classic Ace

Min spend / month subject to maintenance of AMB previous month

Rs. 2500/month Rs. 5000/month Rs. 15,000/- per month

FINANCIAL PRIVILEGES -

NMC waived Kid's AccountThe non-maintenance charge on the child's account has been waived off for Silk customers

Discount on LockersAs a Silk customer, enjoy a special 35% discount^* on Locker rentals for the first year

Grocery Jewellery Fuel Apparel Health and Beautiful Entertainment

Discount on Best Compliments CardAs a Silk customer, get a 50% discount* on the issuance fee on this card

Higher Debit Card Withdrawal LimitsWith our Kotak Silk Debit Card, spend without worry, anywhere, anytime. Enjoy the advantage of higher withdrawal limits with no annual fees on Ace Accounts

Sr No

Additional features of Kotak Silk Debit Card

1 Swipe Limit at Merchant Outlet(Point of Sale Limit

Rs. 1,00,000

2 ATM Withdrawal Limit Rs. 75,0003 Cash Withdrawal at Merchant

Outlet (Cash @ POS)Rs. 1,000

4 Lost Card Liability Rs. 1,00,0005 Purchase Protection Rs. 50,0006 Debit Card Type Classic

Travel cashless: Use Kotak Mahindra Bank's Silk Debit Card and get special offers, privileges, lifestyle benefits and much more

Home Banking Service: Enjoy services like cash pick-up, cash delivery, cheque / draft delivery, etc. without stepping out of your home. This service is available in select cities

Exclusive Privileges

Choice of offers across categories including restaurants, travel, shopping , electronics , health & wellness, entertainment etc as well as special EMI offers.

Myntra .com flat 30 % off Visa get a free gift etc Amazon Emi 3,6,9,12 months offer Health kart additional 10 % off

COMPETITIVE PLAYERS IN INDUSTRY

I. HDFC

FEATURES

1. Free cash withdrawal and balance enquiry at all HDFC Bank ATMs and non-HDFC Bank domestic ATMs

2. EasyShop Woman's Advantage Debit Card with a host of benefits like:

Re.1 Cashback for every Rs 200/- spent Personal Accident Death Cover of Rs 2 lacs Transaction limit of Rs. 25,000 per day for cash withdrawal and shopping limit of Rs. 1.25 lacs

per day. 0.5% CashBack on all shopping at merchant outlets and online Save up on fuel spends on select BPCL fuel stations across India with Fuel Surcharge Reversal

3. Free Insurance cover of up to Rs. 2 lakhs

SPECIAL PRIVILEGES

1. Insurance Cover*

Accidental Death Cover of Rs. 10 lacs Accidental Hospitalization Cover of Rs. 1 lac Claim daily cash allowance of Rs. 1,000 per day for a maximum of 10 days per year, for each day

of hospitalization due to an accident.

For the claim to be accepted & processed, the first holder of the Women's Savings Account should have made at least 1 Point of Sale (POS) purchase at a merchant establishment using the Debit Card in the previous 6 months before the date of event.

2. Preferential pricing on new HSL Trading Accounts - A/c opening charges for 1 A/c @ Rs.999/- & 2 A/cs from Family* @ Rs.1399/-(50% discount on 2nd A/c), each A/c will get benefited for

Free Transaction Turnover of Rs. 10 Lacs valid for 3 months from Account Opening** Access to the Latest Research Reports and Ideas from our Research Desk Call N trade facility in Multiple Languages 24 Hrs. Live Chat Facility - real time online assistance on Product Offerings, Trading/Investments

& Resolution of Queries Free access to Advanced Website Tools and Widgets – Advanced Portfolio Tracker, Watch- list,

Desktop Widgets, Stock Screeners etc. Free Access to Predefined and Customized Stock Alerts

3. Special offers on Loans:

Avail 50% discount on processing fees on your Auto Loans Two wheeler loan - Savings of Rs 2,375 and 50% Discount on Processing Fees

4. Special shopping benefits: Solitaire- premium Credit Card for women

Solitaire Lifestyle Reward Points:

3 Reward Points for every Rs. 150 spent and redeem them against exciting gifts/ vouchers from our Rewards Catalogue.

Get 50% more Reward Points on Dining & Grocery spends.*

* 50% More Reward Points are offered to the Cardholders only on those transactions which are classified under the ‘Restaurant’/‘Grocery’ Merchant Category Code (MCC) as defined by VISA/MasterCard. Restaurants within Hotels, Shopping Malls and Departmental Stores will not qualify for 50% More Reward Points as they are not classified under ‘Restaurant’ Merchant Category Code (MCC). Grocery transactions at outlets not classified under the ‘Grocery’ MCC will not qualify for 50% more Reward Points.

Solitaire Shopping Benefits:

Spending has never been more fun! Earn shopping vouchers from Shoppers Stop worth Rs. 1,000 on cumulative spends of Rs. 75,000 every 6 months, limited to 2 per annum**.

CashBack

Redeem Reward Points as CashBack against outstanding amount on your Credit Card (100 Reward Points = Rs. 40)

Solitaire Travel Benefits:

For avid shopper who travels a lot, Solitaire Credit Card is the right choice . With our India Miles feature, customers can enjoy redemption of Reward Points against air miles / air vouchers of leading domestic airlines.

Fuel Surcharge Waiver: Fuel Surcharge Waiver capped at Rs. 250 every billing cycle (ST applicable).

Safe & Secure Transactions: Zero Liability on lost card:

If you lose your Credit Card, report it immediately to our 24-hour call centre. After reporting the loss, you carry zero liability on any fraudulent transactions on your card.

Revolving Credit Facility: Enjoy Revolving Credit on Credit Card at nominal interest rate, refer Fee and Charges section.

Interest-free credit facility: Avail up to 50 days of interest free period from the date of purchase (subject to the submission of the charge by the Merchant).

Enjoy shopping! Get 2 Shoppers Stop vouchers every year worth Rs. 1,000/- each (Assuming the overall spend every 6 months is above Rs. 75,000/-)

Earn a CashBack of more than Rs. 4,000 on RP accumulated by spending Rs. 5 lakh on your card. Earn 2,880 Reward Points or more in a year on dining and grocery shopping itself

(Assuming the average monthly spend on dining and grocery at Rs. 3,000/- and Rs. 5,000 /- respectively)

Save Rs. 1,500/- in a year on your fuel transactions.(Assuming your average fuel purchase every month is Rs. 5,000/-)

Zero Lost Card liability post reporting card loss to bank.

II. ICICI Bank

ADVANTAGE- Women’s Savings Account

ICICI Bank Advantage Woman Account is savings account for the woman of today who is looking for independence and an identity of her own, a savings account which will help her save for the future as well enjoy the present.This savings account brings core banking services with many exciting benefits and features attached, especially for our women customer

Privilege

1. A Special Women's Debit card A Debit card which helps you shop and save simultaneously, manages your household expenditures and comes with a bag full of offers. Unlimited cash withdrawals at any bank’s ATM, free of charge

2. Zero Balance facility with a RD of just ₹2,000*

Features

A special Woman’s Debit card Unlimited cash withdrawal transactions at any Bank’s ATM, free of charge Money Multiplier Facility Anywhere Banking Free multi-city cheque book Free Internet Banking and Mobile Banking Free Email Statement facility Standing instructions facility

Minimum balance: Rs.10,000.

Non-maintenance of MAB in any month will attract a charge

III. UTI Bank

SMART PRIVILEGE ACCOUNT

UTI Bank offers a Smart Privilege account, which is open to all women over 18 years of age. Women who open such an account automatically get an insurance cover for women-related critical illnesses.

Under the policy, working women get Rs 25,000 if they lose their jobs within three months of the date of diagnosis of the illness. It also includes a children's education bonus of Rs 25,000.

Credit/ debit card

The UTI Bank Smart Privilege account comes with a specially designed international debit card, through which account-holders can avail of discounts on products from LG, Lakme Beauty Salon, Pierre Cardin, Domino's, etc. Card also offers a personal accident insurance cover up to Rs 2,00,000.

Children's account

Another feature of the Smart Privilege account is that you can open a children's account with zero balance. You can leave standing instructions with the bank to transfer a fixed amount from your account to your child's account. The zero balance children's account allows minors below the age of 12 to get an ATM card, while those above 12 get a debit card. This may be a good way of inculcating the banking habit in your children.

IV. CITI BANK

CITIBANK WOMEN’S ACCOUNT

Citibank Women's account provides critical illness insurance cover for Rs 50,000 (for those women who are less than 55 years old).

Credit/ debit card

The Citibank Women's Account comes with a photo debit card that enables you to avail of discounts at department stores, restaurants, jewellery showrooms, etc.

Besides, you also can avail of other debit card options like IndianOil Citibank, Citibank Grocery, Shoppers' Stop and Family ATM/ Debit Card and get additional benefits on it like reward points for shopping and special discounts.

V. SBI

No specific initiative in terms of a special account for women. It however launched a Home loan scheme for women.

HER GHAR- Home Loan For Women

Reduced interest rates: @ 10.10 % (EMI RS 885/ lac for a period of 30 years) subject to the following two conditions

1. The woman should be the sole applicant or first co-applicant of Home Loan

2. The property proposed to be financed should be either in the sole name of the woman borrower or she should be the first owner in case of joint ownership

VI. IDBI BANK

SUPERSHAKTI WOMEN’S ACCOUNT

IDBI Bank is introducing a special savings account for women, which we have coined as SuperShakti women account. Along with this, we are also offering a zero balance savings account absolutely free for her child below the age of eighteen years.

Account Features and Advantages

Zero Balance savings account Simple Documents Faster transfer of funds Online options to pay your bills or tax AQB- Rs. 5,000/- (for Tier- A Branch) & Rs. 2,500/- (Tier- B Branch) (average quarterly balance) No charges for non maintenance of AQB Two zero balance account for your child below the age of 18 years Auto Sweep out / sweep in facility above Rs. 15,000 Specially designed Women’s International ATM cum Debit card. Higher ATM cash withdrawal Limits- Rs. 40,000/- per day Personalized PAP Cheque Book 25% discount* on Locker services 50% discount on Demat AMC Free Statement by e-mail Free amount transfer from Net Banking Free ten transaction at other Bank ATM

VII. South Indian Bank

South Indian Bank offers two types of saving account for the women; Mahila Savings Bank Account and the Mahila Plus Savings Bank Account.

Features

Indian women aged 18 or above can have these accounts. These accounts offer free insurance coverage to the account holder for the first year. The insurance covers travel and accidental deaths.

It also provides free alimony service from other accounts as well.

Mahila Savings Bank can be opened with a minimum balance of 1,000 and Mahila Plus Savings accounts with a minimum balance of 25,000.

REFERENCES

http://www.kotak.com/personal-banking/savings-accounts/silk-woman-savings-account.html#exclusive_privileges

http://www.icicibank.com/Personal-Banking/account-deposit/advantage-woman-savings-account/index.page

http://www.icicibank.com/Personal-Banking/faq/detail.page?identifier=prod-advantage-woman-savings-account-20131112111139053

http://articles.economictimes.indiatimes.com/2007-03-12/news/28390158_1_semi-urban-areas-novel-scheme-credit

http://www.rediff.com/getahead/2006/mar/08bank.htm http://www.hdfcbank.com/personal/products/accounts-and-deposits/savings-accounts/

womens-savings-account http://www.icicibank.com/Personal-Banking/cards/debit-card/debit-cards/woman-debit-card/

index.page?#toptitle https://www.kotak.com/kotaknri/SilkAccount/index.html?

pdt=406&Tab=SilkAccountApplyNow&Product=SilksavingsAccount&ptr=net http://www.kotak.com/kotakoffers/