By Preety Pruthi
The modern Indian girl is financially acutely aware and tech savvy. She needs to be an astute investor, a diligent saver and a clever spender. The financial firms enterprise helps her attain these endeavours by customising their merchandise to fulfil her desires. Listed below are only a few merchandise that banks and totally different financial intermediaries have designed for her.
Credit score enjoying playing cards for girls
There are a complete lot of financial institution playing cards on provide, each tailored for patrons with explicit utilization patterns. Select a card that rewards your spending habits. For event, girls who want to dine out repeatedly may uncover the HDFC Solitaire financial institution card fascinating. You get 50% additional reward elements on consuming spends and grocery payments. There are moreover vouchers from major retailers, which better than make up for the Rs 999 annual fee.
Saving on gasoline is the excessive priority for a lot of vehicle householders. You possibly can’t ship down the price of petrol, nevertheless you’re going to get a gasoline surcharge waiver on some credit score rating and debit enjoying playing cards. Co-branded gasoline enjoying playing cards much like the Indian Oil Citi Platinum Credit score Card and a variety of totally different enjoying playing cards not solely reimburse gasoline surcharge, however moreover provide reward elements every time you swipe at a gasoline station.
Journey aficionados must go for taking part in playing cards that present lounge facilities at airports. For event, the ICICI Coral Credit score Card not solely gives reward elements on all purchases and reductions on movies and consuming locations however moreover gives one complimentary airport lounge go to in India per quarter and one complimentary house railway lounge go to per quarter.
The SBI SimplyCLICK Credit score Card costs Rs 499 per 12 months, nevertheless gives 10 situations the reward elements for those who spend on a bunch of e-commerce web pages, along with Amazon, BookMyShow, Cleartrip, Lenskart, Netmeds and UrbanClap.
Financial savings monetary establishment accounts
Banks are moreover offering monetary financial savings accounts tailored to the desires of ladies. Feminine purchasers of some banks must maintain a lower minimal stability in a monetary financial savings account and get cheaper loans. The Ladies’s Saving Account from HDFC Financial institution gives an unintentional demise cowl of Rs 10 lakh, unintentional hospitalisation cowl of Rs 1 lakh, preferential charge of curiosity and extended tenure on loans. Prospects moreover get a waiver of first 12 months’s locker rental and the EasyShop Girl’s Benefit Debit Card. The Benefit Girl Financial savings Account from ICICI Financial institution gives lower expenses for home loans, private loans and vehicle loans. Kotak Financial institution’s Silk Ladies’s Financial savings Account gives doorstep provide of cash.
Cheaper loans for girls
Many banks price girls purchasers lower expenses of curiosity because the hazard of default is lower. Feminine debtors are inclined to repay their loans on time. Most banks provide a discount of 5-25 bps on the curiosity charge. Make your partner a co-applicant when searching for a house to get the lower curiosity charge. Apart from, the stamp duty charges are lower for girls in certain states, along with Delhi, Bihar, Haryana, Punjab, Maharashtra, Orissa, Uttar Pradesh and Uttarakhand. Some lenders moreover loosen up the phrases and partially waive the processing fee.
The writer is director, MyMoneyMantra.com