Indian Overseas Bank (IOB), headquartered in Chennai, has introduced a new Ultra HNI Savings Bank (SB) Scheme designed specifically for High-Net-Worth Individuals (HNI). This specialized scheme offers exclusive privileges and financial benefits tailored to meet the needs of affluent customers.
Three Variants of the Ultra HNI Savings Scheme
The scheme comes in three different variants, each catering to distinct financial requirements:
- IOB SB PRIME
- IOB SB PRIORITY
- IOB SB PRIVILEGE
Each variant offers premium banking services, ensuring high-end financial convenience for HNI customers.
Key Benefits of the Ultra HNI Savings Scheme
IOB’s Ultra HNI Savings Scheme includes several advantages, making banking seamless and rewarding for elite customers. Some of the major benefits include:
- Personal Accident Insurance (PAI) Coverage: Customers can avail insurance coverage of up to ₹1.10 crore, providing enhanced financial security.
- Dedicated Relationship Manager: Personalized banking support and financial guidance tailored to individual needs.
- Unlimited Doorstep Banking Services: Convenience at your doorstep through IOB’s DSB service providers.
- Exclusive Lounge Access: Free access to domestic and international airport lounges via RuPay Select Debit Card (as per NPCI norms).
- Loan Processing Fee Waivers: 100% waiver on processing charges for housing and vehicle loans.
- Free Transactions: Unlimited NEFT, RTGS, IMPS transactions and free SMS alerts.
- Banking Privileges: Complimentary cheque books, demand drafts, and locker operations.
- Locker Rent Concessions: Discounts of up to 75% on locker rent.
- Premium Debit Cards: High-end VISA and RuPay debit cards with free issuance and annual maintenance.
- Credit Card Benefits: No charges on issuance, annual maintenance, and renewal of credit cards.
A Step Towards Premium Banking Services
Speaking on the launch, Shri Ajay Kumar Srivastava, MD & CEO of Indian Overseas Bank, highlighted the significance of this new initiative:
“The Ultra HNI Savings Scheme is a testament to our commitment to providing world-class banking solutions to our esteemed high-net-worth customers. With a growing HNI base in India, we recognize the need for personalized financial services, premium benefits, and seamless banking experiences. This new scheme offers a suite of exclusive privileges, ensuring convenience, security, and superior financial advantages for our valued customers.”
With these premium features, IOB’s Ultra HNI Savings Scheme is set to redefine elite banking in India, offering unparalleled convenience, security, and financial benefits for high-net-worth individuals.
