ICICI Bank’s Advantage Woman Savings Account is a specialized savings account designed exclusively for women. It offers a range of benefits aimed at empowering women by supporting their financial independence, skill development, and lifestyle needs. The account comes with value-added services including educational offers, healthcare, insurance, and enhanced savings options.
Key Objectives
-
Promote financial independence for women
-
Provide value-driven offers to enhance professional skills
-
Offer double benefits on loans, insurance, and accident cover
Key Features
-
Anywhere Banking: Access your account from any ICICI branch or ATM nationwide
-
Money Multiplier Facility: Earn higher returns by converting surplus balance into Fixed Deposits (FD)
-
Unlimited Free ATM Withdrawals: Withdraw cash from any bank ATM without charges
-
Free Banking Services: Includes Internet Banking, Mobile Banking, and Email Statements
-
Free Multi-City Chequebook
-
Nomination and Standing Instructions Facility
Eligibility Criteria
-
Women aged 18 years and above
-
Must be a resident of India
-
Valid identity and address proof required
Minimum Monthly Average Balance (MAB)
-
A minimum MAB of ₹10,000 must be maintained for the base variant
Exclusive Benefits
Locker Discount
-
50% discount on first-year locker rentals for all account holders
Debit Card Perks
-
Unlimited free ATM access at any bank ATM
-
Monthly cashback up to ₹750 on spending in categories like dining, jewellery, and entertainment
-
Includes personal accident insurance and purchase protection
High Returns via Fixed Deposit
-
Set a balance threshold, and surplus funds above it can be converted into an FD on request to earn higher interest
Loan Offers
-
Preferential interest rates on personal loans, car loans, and home loans
Nomination Facility
-
One nominee allowed per account
-
Available for all types of bank deposits
-
Legal guardians can nominate on behalf of minors
Variants of the Advantage Woman Savings Account
🔸 Advantage Woman Regular
-
MAB: ₹10,000
-
Benefits:
-
50% locker discount (1st year)
-
₹750 cashback/month on debit card use
-
Unlimited ATM withdrawals
-
🔸 Advantage Woman Silver
-
MAB: ₹25,000
-
Additional Benefits:
-
15% discount on locker rentals from 2nd year onwards
-
Free banking across all branches
-
🔸 Advantage Woman Gold
-
MAB: ₹50,000
-
Additional Benefits:
-
20% ongoing locker rental discount
-
Priority processing at branches
-
Exclusive service zones
-
🔸 Advantage Woman Titanium
-
MAB: ₹1,25,000
-
Premium Benefits:
-
40% locker discount after the first year
-
Dedicated relationship manager
-
Free Demand Drafts drawn on ICICI Bank
-
Priority processing and exclusive banking zones
-
How to Apply
Online and Offline Steps:
-
Visit the ICICI Bank homepage → Navigate to Products > Accounts and Deposits > Savings Account > Women > Advantage Woman Savings Account
-
Start online with your Aadhaar number, or visit the nearest ICICI branch
-
Fill out the application form and select your preferred variant
-
Submit documents and photographs
-
Make the initial deposit according to the selected account variant
-
Once verified, your account will be activated
Documents Required
-
PAN Card or Form 16 (if PAN not available)
-
Aadhaar Card
-
Passport
-
Driving License
-
Voter ID
-
Two recent passport-size photographs
The ICICI Advantage Woman Savings Account is more than just a place to save—it’s a financial empowerment tool that gives women access to premium services, safety, and growth. With its tiered structure, you can choose the version that best suits your lifestyle and savings goals.