 |
| Q. |
What
is Wealth Management? |
| Q. |
How
do I benefit? |
| Q. |
Is
there a membership fee for Excel Banking? |
| Q. |
Is
there a penalty for not maintaining the required customer balance
for Excel? What are the implications for the same? Or
- |
| |
Will
I be charged an account maintenance fee in case I do not maintain
the required balances? What are the fees involved? |
| Q. |
What
is the offer on savings accounts? |
| Q. |
What
are benefits of a SuperValue Savings Account? |
| Q. |
What
is the offer on current accounts? |
| Q. |
What
are the benefits of an Enhanced Business Plus 100 Current Account?
|
| Q. |
Please
explain the free savings account / free current account offer
- what exactly is 'free' to me? |
| Q. |
What
is the offer on credit cards? |
| Q. |
What
are the other benefits that I enjoy? |
| Q. |
What
is the offer on Exchequer? |
| Q. |
What
is the offer on Lockers? |
| Q. |
What
is wealth Accumulation? |
| Q. |
What
role does Excel Banking play in my wealth creation? |
| Q. |
What
do you mean by 'protection'? |
| Q. |
What
role does the bank play in protecting me? |
| Q. |
What
is the offer on insurance? |
| |
|
| Q. |
What is Wealth Management? |
| |
Wealth Management is the new
holistic way of managing your money. It is a concept pioneered
by Standard Chartered Bank in India and offers a complete way
of managing your financial requirements - from transaction management
to wealth accumulation to protection. It brings together the
benefits of banking accounts, investment services and insurance
by offering all three under one roof. Excel Banking adds further
value by customizing the overall set of services to suit your
personal requirements. |
| TOP |
| Q. |
How do I benefit? |
| |
Excel Banking will help you
to meet your financial objectives through wealth management
services. Specifically: |
| > |
You can get our premium current
accounts & savings account for free. These powerful accounts
are loaded with benefits and help you save time & money. |
| > |
Your RM will assist you in
choosing the best investment avenues to suit your personal requirements
and help you monitor and review your portfolio from time to
time. |
| > |
You can protect yourself and
your loved ones from uncertainties through insurance services
offered by the Bank. What's more - you will be entitled to value-added
insurance packages available especially for Excel Banking. |
| TOP |
| Q. |
Is there a membership
fee for Excel Banking? |
| |
No. There is no membership
fee for Excel Banking. Please note - the waivers on minimum
quarterly average balance requirements for savings accounts
and current accounts are available to customers who maintain
a customer level balance of Rs. 500,000 or more across their
savings accounts, current accounts, term deposits and mutual
funds (AUM) bought through the Bank. |
| TOP |
| Q. |
Is there a penalty
for not maintaining the required customer balance for Excel?
What are the implications for the same?
Or - |
| |
Will I be charged an
account maintenance fee in case I do not maintain the required
balances? What are the fees involved? |
| > |
Customers not maintaining the
required product level quarterly average balances for the respective
product would be liable for an account maintenance fee as per
the schedule of service charges. |
| > |
The minimum quarterly average
balance requirements for savings and current accounts are as
follows: Rs. 50,000 for SuperValue Savings Accounts, Rs. 10,000
for aXcess Plus Savings accounts, Rs. 100,000 for Enhanced Business
Plus Current accounts and Rs. 50,000 for Business Plus Current
Accounts. |
| TOP |
| Q. |
What is the offer on
savings accounts? |
| |
As an Excel Banking Member
you will be entitled to maintain a SuperValue Savings Account
with a waiver on minimum balance requirements. |
| TOP |
| Q. |
What are benefits of
a SuperValue Savings Account? |
| |
The SuperValue Savings Account
is our premium savings account and offers you a range of value-added
benefits in addition to all the usual benefits. These include: |
| |
" Free access to over
6500 ATMs in India. Excel Banking customers are entitled to
unlimited free cash withdrawal from their savings accounts at
Visa Network ATMs in India |
| > |
Free globally valid debit
card |
| > |
Free demand drafts payable
at any Standard Chartered Bank location in India |
| > |
Free payable-at-par cheque
books |
| > |
Free monthly statements |
| > |
Free room service |
| |
|
| TOP |
| Q. |
What is the offer on
current accounts? |
| |
For your business transaction
needs you can now open a free Enhanced Business Plus 100 (EBP
100) Current Account with a waiver on the minimum quarterly
average balance requirements. If you already have a regular
current account, you can upgrade to this power packed current
account. |
| TOP |
| Q. |
What are the benefits
of an Enhanced Business Plus 100 Current Account? |
| |
The following powerful benefits
are available to you through the EBP100 account: |
| > |
Free demand drafts payable
at any Standard Chartered Bank location in India |
| > |
Free demand drafts payable
at over 100 correspondent bank locations in India |
| > |
Free room service |
| > |
Free payable-at-par cheque
books |
| > |
Free globally valid debit
card (for eligible accounts) |
| > |
Cheque collection at 1800
locations and express cheque collection at 60 locations with
guaranteed 7-day clearing |
| TOP |
| Q. |
Please explain the
free savings account / free current account offer - what exactly
is 'free' to me? |
| |
As an Excel Banking Member
you will enjoy the facilities of a savings or current account
with a waiver on the minimum-quarterly-average-balance requirement.
You are entitled to open an Enhanced Business Plus 100 Current
account or upgrade your existing Business Plus Current account
to EBP 100. You an open a SuperValue Savings Account or upgrade
your existing aXcess Plus Savings Account to SuperValue. These
waivers are available to all Excel Banking customers that maintain
the required customer level balance of Rs. 500,000. |
| TOP |
| Q. |
What is the offer on
credit cards? |
| |
Excel Banking Members can avail
of a free Gold Card from Standard Chartered Bank. The prestigious
Gold Card brings with it a range of exclusive benefits such
as benefits on health check ups and airline tickets. The card
is yours with a waiver on annual fees till such time that you
remain an Excel Banking member. |
| TOP |
| Q. |
What are the other
benefits that I enjoy? |
| |
As an Excel Banking Member,
you also enjoy the following facilities on a complimentary basis: |
| > |
Unlimited free cash withdrawal
transactions from your savings account at any Visa Network ATM
in India using your debit card. |
| > |
Free Demat Account opening
(waiver of joining fee of Rs. 200) with preferential pricing
on transactions. |
| > |
Overdraft against your term
deposits through Exchequer available to you at preferential
interest rates. You can avail an overdraft of up to 90% of you
term deposits2. For your convenience, we can attach the overdraft
limit to either your current account or your savings account. |
| > |
Upgrade to Smartfill Debit
cards and save on fuel purchases as well as enjoy the opportunity
to earn free fuel through rewards. |
| > |
25% discount on lockers year-on-year2. |
| TOP |
| Q. |
What is the offer on
Exchequer? |
| |
As an Excel Banking member
you can get overdraft against your term deposits through Exchequer
available to you at preferential interest rates. You can avail
an overdraft of up to 90% of you term deposits. For your convenience,
we can attach the overdraft limit to either your current account
or your savings account. |
| TOP |
| Q. |
What is the offer on
Lockers? |
| |
You are entitled to a 25% discount
on lockers (subject to availability) as an Excel customer. |
| TOP |
| Q. |
What is wealth Accumulation? |
| |
Wealth accumulation is the
same as wealth creation. Our investment services team is geared
to help you leverage our experience to the best sustained returns
on your money. We will assist you in your investments based
on your profile and risk appetite. |
| TOP |
| Q. |
What role does Excel
Banking play in my wealth creation? |
| |
A key benefit of the Excel
Banking Program is that it helps you increase your wealth over
time, through our unique Investment Services. You get to benefit
from our experience of handling some of the largest investment
services portfolios in the industry. You will be glad to know
that your Relationship Manager is a professionally qualified
and AMFI-certified investment advisor. Investment advisory services
through Standard Chartered involve a rigorous and detailed process
that involves use of proprietary investment services tools. |
| TOP |
| Q. |
What do you mean by
'protection'? |
| |
Protection is the final element
of wealth management and seeks to protect your financial status
against uncertainties by helping you provide relevant insurance
cover for yourself and your loved ones. Protecting one's wealth
is a critical and often overlooked element of financial planning.
|
| TOP |
| Q. |
What role does the
bank play in protecting me? |
| |
The bank facilitates your purchasing
of relevant life and non-life insurance cover thanks to its
tie-ups with life (Allianz Bajaj) and general (Royal Sundaram
Alliance) insurance companies. |
| TOP |
| Q. |
What is the offer on
insurance? |
| |
Your relationship manager will
help you profile your risks and your financial needs and further
assist you in your choice of policies. The RM will be an IRDA-certified
insurance counselor, well equipped to advise you on insurance
plans that are best suited to your present and forecasted needs,
and help protect you against the uncertainties of life. |
| |
We will also offer you customized
insurance plans form time to time. These plans are specially
developed keeping in mind the needs and preferences of our Excel
Banking Members. |
| TOP |
| |
Notes: |
| |
1. The waivers on minimum
quarterly average balance requirements for savings accounts
and current accounts are available to customers who maintain
a customer level balance of Rs. 500,000 or more across their
savings accounts, current accounts, term deposits and mutual
funds (AUM) bought through the Bank. Customers not maintaining
the required product-level minimum quarterly average balances
would be liable for account maintenance fees as per the schedule
of service charges for the respective product. |
| |
2. Subject to availability |
