Women in Finance: 47% of female Indian earners in metros take independent financial decisions, says survey
DBS Bank India, said, “Ownership of financial decision making, diverse investment and borrowing choices and growing adoption of digital channels are all evidence that the modern Indian woman is not just a participant, but a planner of her journey." The financial paths of women are as varied as their individuality. The manner in which they save, borrow, and invest money depends on many factors such as age, income, cultural background, and access to resources. As per the survey, women earning in metropolitan areas demonstrate a preference for low-risk investments, allocating 51 percent of their funds to fixed deposits (FD) and savings accounts.
The distribution includes 16 percent in gold, 15 percent in mutual funds, 10 percent in real estate, and a mere seven percent in stocks. This aligns with observations from DBS Bank India’s customer insights, revealing that 10 percent of female customers actively maintain a fixed deposit, in contrast to only five percent of male customers who have opened a fixed deposit. The existence of dependents significantly influences investment behaviour.
Approximately 43 percent of married women with dependents allocate 10-29 percent of their income to investments. In contrast, a quarter of married women without dependents opt to invest more than half of their income. The report underscores intriguing regional differences in the financial choices of women across Indian metropolitan areas.
Notably, Hyderabad and Mumbai lead in credit card usage, with a remarkable 96 percent of Mumbai women relying on them, in contrast to only 63 percent in Kolkata. This pattern extends to other spending behaviours related to money. According to the report, half of the employed women indicated that they have
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