However, signing up for any of these women specific products, especially without understanding the benefits of the product is a mistake. Let us take the example of women bank accounts. Women only savings accounts come with low opening deposit, lower minimum balance, home banking services, discount on lockers and other rewards and customised features. However, most salary accounts are also zero balance accounts. Some of the other benefits like free cheque books and personal accident covers may also be available with normal savings accounts. Hence it does not make sense to open a new bank account just because it is offering women specific features. Also, women’s debit cards and credit cards are mostly advertised as ones that offer more reward points and cashback for shopping and spas. But more often than not, similar features are available for other credit and debit cards as well. So if you already have a debit card or a credit card and a bank is offering you a women only card, you should not be tempted into getting another one.