Foundation course III

B.K. BIRLA NIGHT ARTS, SCIENCE & COMMERCE

COLLEGE, KALYAN
Affiliated to University of Mumbai

A Study Awareness among Women’s Personal Bank Account

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Foundation course III

Class: SY BAF
Subject: Foundation Course-II

Sr. No Name of the student Roll no

1. Karan Chauhan 07
2. Pooja Jaiswar 19
3. Shikha Yadav 70

Project Guide
Mrs. Renu Vijay Verma

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Objective of the project

The main objective of the foundation course project is to

understand the overview of women’s personal bank account and also
provides students with a deep insight into the real world of banking. The
subject of topic provides most of the women have their personal account
or not. through theory and practical sessions.it also promotes access and
the use of high-quality financial services, particularly among poor people,
is crucial to achieving inclusive growth. Women disproportionately face
financial access barriers that prevent them from participation in the
economy and from improving their lives. To inculcate training and
practical approach among the students by using modern technologies in
the field of banking help to understand topic like how women are using
their bank account, they using net banking or not, how they save their
money etc.
The course aims to students gain knowledge in aspect. the
women’s are open their personal account now a day and they raised. the
women are known about finance, net banking and the remains women
who don’t have their account to encourage them to open their personal
account save money in bank its safe. Use net banking and secure their life
through bank.

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Index
Sr.no Topic Page no
1. Introduction 4-7
2. Objective of the study 8
3. Data, analysis and interpretation 9-24
4 Conclusion 25-26
5. Suggestion 27
6. Bibliography 28
7. Annexures 29

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Introduction
We have observed that less than a fourth of our customers
are women. Even among the active account holders, it is
common for women to have their father or husband manage
their money for them. Is this a reflection of the fact that, in
India, historically men have been the main earners and have
also taken on the role of managing family finances? Or is it a
mind- set issue that women prefer not to get actively
involved? After all, of the 5 largest banks in India, 3 are
headed by women!

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Global studies on women versus men in finance have

thrown some interesting findings*. Yes, women do seem to
be because they profess to be less knowledgeable about
finance than men. In order words, women self- report that
they know less about money, while men appear to over-
estimate their knowledge of finance. After adjusting for
financial literacy, these differences disappear. In Fact,
women’s portfolios tend to perform as well or better that
men’s over the long term.
There are two other interesting differences. First,
women are better at saving with goal in mind- for instance,
retirement or a child’s education. Men, on the other hand,
tend to think in terms of absolute performance of
investments. Second, men tend to excessively trade/ churn
their money.

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What does personal finance mean for women managing their

money?
First, financial security and the understanding of personal
finance is an integral part of a woman’s independence,
irrespective of her age and family status. Thus, her being
interested and involved in basic personal finance is a
necessity, not an option. A good starting point is to make
sure all family assets- bank accounts, property, lockers,
trading accounts, PPF, mutual funds, etc- are either in joint
names or have proper nomination. In today’s digital age, it is
important all passwords are known to both spouses and
there is a spread- sheet containing list of all assets.
Second, all earning members of the family need to take life
(term) insurance in their individual names. This obviously
includes earning women, who, in fact, get policies cheaper
than their male counterparts.
Third, given the above differences in attitude, it is useful for
women and men to plan their investments jointly. Women
can ensure important goals are identified and budgeted for.
They can also curb any tendency in men to take excessive risk
or trade. Given the time horizon of the goals, they can
appropriately choose their products to get adequate returns

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OBJECTIVES OF THE STUDY:

 To study the awareness among women’s have their personal bank

accounts

 To study women’s have their personal bank account or not in details

 To study their problem to opening their personal bank account

 To study why women’s are not open their personal bank account and

where she saves their money

 To give valuable suggestion to women’s, respective bank account

 To know the value of bank account

 To give information about use of net banking and in emergency who they

work it

 To understand the benefits of bank account

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DATA, ANALYSIS & INTERPRETATION:

1] AGE
Age No. of Respondents Percentage %
18-22 5 10%
23-28 13 26%
29-40 19 38%
Above 40 13 26%
Total 50 100%

10%
26%

26%

38%

1 2 3 4

Interpretation

The table and pie chart showing the 10% responded 18-22 of age person, 26%
of the responded 23-28 of age, 38% of the responded 29-40 of age, and 26% of
the responded above 40 of the age persons.

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2 Are you working or non-working women?

Particular No. of Respondents Percentage %

Working 18 36%
Non-working 32 64%
Total 50 100%

36%

64%

1 2

Interpretation

In the above table pie chart show that 36% of responded prefer for to working,
64% of the responded prefer for non-working.

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3 Do you have a personal bank account

Particular No. of Respondents Percentage %

Yes 31 62%
NO 13 26%
Joint Account 6 12%
Total 50 100%

12%

26%

62%

1 2 3

Interpretation

The above table and pie chart show that 62% of the responded prefer yes, 26%
of the responded prefer no, 12% of the responded prefer joint account.

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4 What do you think every housewife should make a personal bank account?

Particular No. of Respondents Percentage %

Agree 18 36%
Disagree 0 0%
Strongly agree 32 64%
Neutral 0 0%
Total 50 100%

36%

64%

1 2 3 4

Interpretation

The above table and pie chart show that 36% of the responded prefer agree, 0%
of the responded prefer disagree, 64% of the responded prefer strongly
agree,0% of the responded prefer neutral.

5 Are you happy without personal bank account?

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Particular No. of Respondents Percentage %

Happy 26 52%
Sad 8 16%
Very happy 8 16%
Neutral 8 16%
Total 50 100%

16%

16%
52%

16%

1 2 3 4

Interpretation

The above table and pie chart show that 52% of the responded prefer happy,
16% of the responded prefer sad, 16% of the responded prefer very happy, 16%
of the responded prefer neutral.

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6 Without your bank account you save your money in home do

you feel safe?

Particular No. of Respondents Percentage %

Safe 16 32%
Unsafe 30 60%
Strongly safe 0 0%
May be 4 8%
Total 50 100%

8%

32%

60%

1 2 3 4

Interpretation

The above table and pie chart show that 32% of the responded prefer safe, 60%
of the responded prefer unsafe, 0% of the responded prefer strongly safe, 8% of
the responded prefer may be.

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7 In future you want to open your personal bank account?

Particular No. of Respondents Percentage %

Yes 16 32%
No 3 6%
May be 6 12%
None of above 25 50%
Total 50 100%

32%

50%

6%

12%

1 2 3 4

Interpretation

The above table and pie chart show that 32% of the responded prefer yes, 6% of
the responded prefer no, 12% of the responded prefer may be, 50% of the
responded prefer none of above

8 Did you use net banking

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Particular No. of Respondents Percentage %

Yes 23 46%
No 27 54%
Total 50 100%

46%
54%

1 2

Interpretation

The above table and pie chart show that 46% of the responded prefer yes, 54%
of the responded prefer no.

9 Which kind of account you have?

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Particular No. of Respondents Percentage %

Saving 33 66%
Current 2 4%
Fixed 1 2%
Loan 1 2%
None of above 13 26%
Total 50 100%

26%

2%
2%
4% 66%

1 2 3 4 5

Interpretation

The above table and pie chart show that 66% of the responded prefer saving,
4% of the responded prefer current, 2% of the responded prefer fixed, 2% of the
responded prefer loan,26% of the responded prefer none of above.

10 When you have any difficulties in your account. How long did it
take for the support team to respond to you?

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Particular No. of Respondents Percentage %

10-30 Mins 16 32%
3-6 Hours 8 16%
10-20 Hours 2 4%
1-5 Days 11 22%
None of above 13 26%
Total 50 100%

26%
32%

22%
16%
4%

1 2 3 4 5

Interpretation
The above table and pie chart show that 32% of the responded prefer 10-
30 mins, 16% of the responded prefer 3-6 hours, 4% of the responded
prefer 10-20 hours, 22% of the responded prefer 1-5 days,26% of the
responded prefer none of above.

11 Which type of bank are you used?

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Particular No. of Respondents Percentage %

Private 21 42%
Public 15 30%
None of above 14 28%
Total 50 100%

28%

42%

30%

1 2 3

Interpretation

The above table and pie chart show that 42% of the responded prefer private,
30% of the responded prefer public, 28% of the responded prefer none of above.

12 Was the support being useful?

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Particular No. of Respondents Percentage %

Useful 27 54%
Not Useful 2 41%
Very Useful 11 22%
Neutral 0 0%
None of above 10 20%
Total 50 100%

15%

39%
16%

30%

1 2 3 4 5

Interpretation

The above table and pie chart show that 54% of the responded prefer useful,
41% of the responded prefer not useful, 22% of the responded prefer very
useful, 0% of the responded prefer neutral, 20% of the responded prefer none of
above.

13 How old were when you opened a bank account?

Particular No. of Respondents Percentage %
Less than 20 14 28%

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21-28 13 26%
29-40 7 14%
Above 40 2 4%
Blank 14 28%
Total 50 100%

28% 28%

4%

14%
26%

1 2 3 4 5

Interpretation

The above table and pie chart show that 28% of the responded prefer less than
20, 26% of the responded prefer 21-28, 14% of the responded prefer 29-40, 4%
of the responded prefer above 40, 28% of the responded prefer blank.

14 Which bank app you prefer most?

Particular No. of Respondents Percentage %

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G pay 15 12%
Phone pay 6 8%
Paytm 4 30%
None of above 25 50%
Total 50 100%

12%

8%

50%

30%

1 2 3 4

Interpretation

The above table and pie chart show that 12% of the responded prefer G pay, 8%
of the responded prefer phone pay, 30% of the responded prefer Paytm, 50% of
the responded prefer none of above.

15 Are you satisfied with your location of your bank branch?

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Particular No. of Respondents Percentage %

Satisfied 15 30%
Dissatisfied 8 16%
Highly satisfied 11 22%
Neutral 12 4%
Blank 14 28%
Total 50 100%

28% 30%

4%

16%
22%

1 2 3 4 5

Interpretation

The above table and pie chart show that 30% of the responded prefer satisfied,
16% of the responded prefer dissatisfied, 22% of the responded prefer highly
satisfied, 4% of the responded prefer neutral, 28% of the responded prefer
blank.

16 Are you happy with your personal bank account?

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Particular No. of Respondents Percentage %

Happy 13 26%
Sad 0 0%
Very happy 20 40%
Neutral 2 41%
Blank 15 30%
Total 50 100%

22% 19%

29%
30%

1 2 3 4 5

Interpretation

The above table and pie chart show that 26% of the responded prefer happy, 0%
of the responded prefer sad, 40% of the responded prefer very happy, 41% of
the responded prefer neutral, 30% of the responded prefer blank.

CONCLUSION

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Personal account of women’s

Women are becoming equal contributors when it comes to
monetarily. Women now run everything from savings to investments
and loans. Indian financial institutions have taken note of this and
have come up with a unique product saving account, exclusively for
women. Women's account generally require lower average minimum
balance and comes with insurance options. All popular banks in India
including Axis bank and South Indian bank offer savings account for
women. But according to our survey Most of the women have their
Personal account but most of the women don't aware in detail of their
personal account. There are 62% have their personal ac but most of
the women don't know about what is saving ac, current ac etc. Most of
the women don't use net banking they don't prefer gpay phone pay
etc. There are only 12% women prefer phone pay and 30% women
prefer gpay and 50% women doesn't use this type of apps. There are
54% women doesn't use net banking only 46% women use net
banking. Study results that awareness of women Personal bank
account is good. But continuous awareness operation is needed to
enhance the women's bank account Benefits and various features.
* FEATURES AND BENEFITS OF WOMENS PERSONAL BANK

ACCOUNT

You get and array of benefits with women's saving account but is it
really useful? Well it depends on your requirements and how you are

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going to use the account. These illustrations will help you decide if
you really needed those benefits.

* insurance options - if you already have a full-fledged insurance

policy separately you can comfortably ignore this one feature. For ex
Citibank women's account comes with a critical illness insurance
cover for women less than 55 years, worth Rs 50,000.

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Suggestion:
 The bank agent has to provide better services to the customers.
 Proper training facilities have to be provided to the staff. [call
center] so that they can give valid answers to the customers.
 Staff’s have to update their knowledge, for that bank has to take
necessary action.
 Those women’s have not their personal bank account bank should
provide them a free account give them a free trail of account and
guide them also about the rules and benefits of personal account
 Most of the women are uneducated the staff should fill they’re
from properly and talk in normal language.
 Most of women are don’t use net banking the bank must be provide
information about net bank what are the uses of net banking
 Any difficulties of customers in their account the bank should
respond immediately
 The bank sector has to inform the customers to frequently update
their account.
 Bank sector are providing various type of facility.

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BIBLIOGRAPHY:

Website

www.bankbazar.com

Www.mstimeofindia.com

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ANNEXURES:

1. Age

2. Are you working women or non-working women?

3. Do you have a personal account?

4. What do you think every housewife should make a personal bank

account?

5. Are you happy without personal bank account?

6. Without your bank account you save your money in home do you feel

safe?

7. In future you want to open your personal bank account?

8. Did you use net banking?

9. Which kind of account you have?

10.When you have any difficulties in your account. How long did it take for

the support team to respond?

11.Which type of bank are you used?

12.Was the support being useful?

13.How old were you when you opened a bank account?

14.Which bank app you prefer most?

15.Are you satisfied with your location of your bank branch?

16.Are you happy with your personal bank account

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THANK YOU........

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