High yield saving account for women in lowest tax bracket

[lhgeek]

I am planning to open a high yield saving account for my wife.

Plan it to park ₹2 to ₹4 Lakh for a few months and use it for prepayment of home loan.

Since I am in high tax bracket, I want to keep it my wife account as she is lowest tax bracket.

Which account does this community suggest?

Idfc women power account seems tempting with zero charges and ₹500 voucher on debit card spends, however requires ₹25,000 min balance

 

[AritraSaha]

Don't know about women account, but Bandhan bank give 6% interest for balance over 1L

 

[Deleted member 11974]

check au sfb and utkarsh sfb

 

[ramirami]

Check income clubbing rules of income tax, it might not be so straight forward, strictly speaking.

 

[gamersgzb]

Check income clubbing rules of income tax, it might not be so straight forward, strictly speaking.

+1 if the amount you will be putting in her account is from your own income.. then the income clubbing rules will be applied...

 

[funatlearn]

Check income clubbing rules of income tax, it might not be so straight forward, strictly speaking.

Can be handled.
One can send money to mother. Mother can gift to daughter in law.
No clubbing now.