After launching private banking in India the face of banking is changed rapidly
in terms of cutting edge technology and services. To provide best services to the selected customers, meeting certain eligibility criteria banks are started preferred banking.
Who can open privilege banking?
- The customer should maintain average quarterly balance to a fixed amount in his savings account.
- average quarterly balance should be maintained by the members of the same family.
- Savings account plus fixed account of a customer should maintain average quarterly balance.
- The average quarterly balance fixed should me maintained in flexi deposits
What are the preferences for preferred banking customers?
The key benefits are; you can stay away from queue and moving from counter to counter for different kinds of transactions. Preferred banking customers are served by a dedicated relationship officer. Customer need to contact him/her for all kinds of transactions in his branch. Also, can enjoy the benefit of home banking, for the delivery and pick-up of cash and cheques at your door step.
An international debit card will be provided with free access to all VISA ATMs in India, higher ATM withdrawal limit and higher point of sale transaction limit at merchant shops etc.
Free at par cheque, demand draft, and pay order free passbook updating are offered for privilege banking customers. Assistance for financial planning, investment advice, information on market, invitation to invest meet are also provided.
Lifestyle privileges like invitation to movie screening, concert and other entertainment programs sponsored by banks are added advantages.
