Neighbouring countries like Bangladesh and Pakistan, are far behind with just 36 per cent and 7 per cent share in account ownership by women, respectively.

Modi government's flagship scheme Pradhan Mantri Jan Dhan Yojana has helped in raising women's ownership of bank accounts from 43 per cent in 2014 to 77 per cent in 2017, according to a report.

Consulting firm MicroSave Consulting (MSC) in a report titled 'The real story of women's financial inclusion in India' said the country has succeeded in reducing the gender gap in financial inclusion by 14 percentage points in three years (2014-17).

"The Pradhan Mantri Jan Dhan Yojana (PMJDY) raised women's ownership of bank accounts from 43 per cent in 2014 to an extraordinary 77 per cent in 2017," it said.