Earlier, a standard Savings Account with its basic features could meet your needs. Today, customers need enhanced banking services that match their growing financial and lifestyle aspirations. This is when a Premium Account can be a boon and take a conventional account a step ahead.
What is it?
A Premium Account is a specialised Savings Account packed with luxury services and enhanced banking features. Such an account suits people who require premium services, and it can benefit them with beyond-banking services at different stages of their lives.
Eligibility requirements
To open Premium Savings Account with a bank, you should have a Total Relationship Value of Rs. 5 lakh. TRV is the minimum relationship value you have with your bank. TRV includes all accounts in your family. Banks compute this figure by adding the average quarterly balance of all your Savings Accounts, Insurance, end-of-period Term Deposits, Investments, and Mortgage Loan outstanding.
The bank considers 40% of the net balance of your Loan Against Property or Home Loan when calculating your TRV. To remain eligible, you should build the TRV to Rs. 30 lakh over six months from the opening of your Premium Account.
Benefits and privileges
The exclusive benefits and privileges you can enjoy with your Priority Account include the following:
Premium Banking advantages
A Premium Account offers numerous benefits to cater to your various needs. These include:
Unlimited ATM withdrawals free of costPreferential rates on your remittancesHigher rates on your Fixed DepositsOption of remotely opening an account from your bank's branches worldwideGet personalised support from a relationship manager for Wealth Management and banking needs. Such a dedicated manager works with experienced professionals to offer wealth solutions that cater to your goals.Family privileges
The lifestyle privileges you and your family can enjoy with a Priority Account include the following:
Take advantage of complimentary airport lounge access, airport pick-up or drop-off services, global travel assistance, etc.Enjoy beyond-banking benefits like legal services, trust planning, tax planning, etc.Avail of overseas educational concierge services and secure a better future for your childrenBenefit from a global medical concierge and take care of your family's medical needsEnjoy exclusive offers on entertainment and sportsWealth solutions
With a Premium Savings Account, you can access standard and sophisticated wealth solutions and products like Bonds, Mutual Funds, Alternative Investment Funds, portfolio management services, etc. A Premium Account makes you eligible for the latest updates and insights from international and Indian markets. You are also the first to receive a detailed market analysis from around the globe prepared by your bank.
How to open this account?
To get a Premium Account designed especially for your needs, fill out a form on your bank's website and request a callback.
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