Question
I want to know the eligibility to apply for Priority Banking in Standard Chartered Bank so will you please tell me?
Ans
Standard Chartered Priority Banking is a Priority solutions tailored to what truly matters to you.
Standard Chartered Priority Banking
Seamless high-quality everyday banking
As you live a busy life, it is no surprise that you require convenient everyday banking that works for you.
They offer a suite of convenient, easy and fully digital banking services that allow you to focus on your life, family, career and financial aspirations.
Eligibility Criteria-
Priority Eligibility Criteria for new customers (applicable for a Standard Chartered Bank relationship for the first 12 months of account opening)
Minimum monthly average FUM (Funds under management) of Rs 30 Lakh, or
Minimum monthly salary credit into Standard Chartered salary account of Rs 3 Lakh1, or
Mortgage approved amount above Rs 2 Crore1
Please note, if one family member maintains Qualification / Eligibility Criteria, rest of the family members can enjoy Priority Benefits.
Qualification Criteria
Priority Qualification Criteria (applicable for a Standard Chartered Bank relationship post 12 months of account opening)
Minimum monthly average FUM (Funds under management) of Rs 30 Lakh, or
Mortgage outstanding balance above Rs 2 Crore2
1On completion of 12 months, client has to ensure to meet the Qualification criteria
2At any point if outstanding balance falls below Rs 2 Crore, client has to either restore the amount by way of top-up or meet the FUM qualification criteria
FUM (Funds under management) includes any one or combination of the following products from the Bank:
Savings accounts, Term Deposits, Investments made through the Bank.
Contact-
Standard Chartered Bank, Customer Care Unit,
19, Rajaji Salai, Chennai 600 001.
Alternatively, email at nri.banking@sc.com