Sr. No. |
Scheme Name |
NRI Elevate |
NRI Privilege |
NRI Signature |
Type |
NRE SB/NRO SB |
NRE SB/NRO SB |
NRE SB/NRO SB |
1
|
Eligibility
|
All NRI Customers are eligible
|
2
|
Minimum SB Balance Requirement
|
Minimum Quarterly Average Balance (QAB) of Rs. 50,000/-
|
Minimum Quarterly Average Balance (QAB) of Rs. 1.00 lakhs
|
Minimum Quarterly Average Balance (QAB) of Rs. 2.00 lakhs.
|
|
or
|
or
|
or
|
Minimum Total Term Deposit Balance Requirement
|
Total Term Deposit (NRE/NRO/FCNR) is equivalent to Rs. 5 Lakh (based on CIF)
|
Total Term Deposit (NRE/NRO/FCNR) is equivalent to Rs. 10 Lakh (based on CIF)
|
Total Term Deposit (NRE/NRO/FCNR) is equivalent to Rs. 20 Lakh (based on CIF)
|
3
|
Relationship Manager
|
NA
|
NA
|
Available, Branch Manager, Specialized NRI Help Desk, RO & CO"
|
4
|
Preferential exchange margin on Inward Remittance in USD equivalent FCY.
|
Preferential conversion rate for all inward remittances based on the below slab
|
> USD 5000 to USD10 000
|
Card Rate (TT BR) + 4 bps
|
Card Rate (TT BR) + 5 bps
|
Card Rate (TT BR) + 6 bps
|
>USD10,000 to USD 50,000
|
Card Rate (TT BR) + 8 bps
|
Card Rate (TT BR) + 10 bps
|
Card Rate (TT BR) + 12 bps
|
>USD 50,000
|
Card Rate (TT BR) + 11 bps
|
Card Rate (TT BR) + 12 bps
|
Card Rate (TT BR) + 15 bps
|
5
|
Inward remittance charges
|
NIL
|
NIL
|
NIL
|
6
|
Concession on Outward Remittance charges
|
10% on Outward Remittance charges
(SWIFT Charges – No concession)
|
25% on Outward Remittance charges
(SWIFT Charges – No concession)
|
50% on Outward Remittance charges
(SWIFT Charges – No concession)
|
7
|
Personal Accident Insurance Coverage during their visit in India (With account)
|
Rs. 10 lakhs
|
Rs. 20 lakhs
|
Rs. 30 lakhs
|
8
|
Air Accident Insurance
(within PAI)
|
Rs. 10 lakhs
|
Rs. 20 lakhs
|
Rs. 30 lakhs
|
9
|
Personal Accident Insurance Coverage (in the Rupay debit card) subject to the terms and conditions of NPCI
|
Rs.2. lakh on Rupay Platinum
|
Rs. 10 lakh on Rupay Select
|
Rs. 10 lakh on Rupay Select
|
10
|
NEFT / RTGS/IMPS
|
NIL transaction charges
|
NIL transaction charges
|
NIL transaction charges
|
11
|
SMS/E-mail alert
|
NIL charges
|
NIL charges
|
NIL charges
|
12
|
One Prepaid domestic Card to family member
|
one prepaid domestic card to family member where card issuance charges is free only. card limit, loading etc as per the prepaid card guidelines of the bank and RBI
|
13
|
Debit card variant
|
VISA Gold/ Rupay Platinum
(or lower variants if customer opts)
|
VISA Signature/Rupay Select (or lower variants if customer opts)
|
VISA Signature/Rupay Select (or lower variants if customer opts)
|
14
|
Lounge Access
|
As per card variant. Lounge access to domestic/international airports and railway stations shall be provided as per the offers given by the card aggregator service providers, i.e., M/s NPCI, M/s VISA etc., in accordance with their terms and conditions. Branches are requested to educate the customer to refer the website of the respective card provider (VISA/RuPay) for the updated details from time to time
|
15
|
Debit issuance Card charges
|
Nil
|
NIL
|
NIL
|
16
|
Debit Card AMC
|
As per applicable charges
|
NIL (Subject to maintenance of QAB for last quarter or required Deposit as per the scheme is available)
|
NIL (Subject to maintenance of QAB for last quarter or required Deposit as per the scheme is available)
|
17
|
ATM Cash Withdrawal
|
VISA Gold – Rs. 40,000/- Rupay Platinum- Rs. 50,000/- Rupay Platinum- Rs. 50,000/-
|
VISA Signature-Rs. 1,00,000/ Rupay Select-Rs. 50,000/-
|
VISA Signature-Rs. 1,00,000/ Rupay Select-Rs. 50,000/-
|
18
|
POS limit per day
|
VISA Gold - Rs. 1,25,000/- Rupay Platinum - Rs. 1,25,000/-
|
VISA Signature-Rs. 3,50,000/- Rupay Select - Rs. 5,00,000/-
|
VISA Signature-Rs. 3,50,000/- Rupay Select - Rs. 5,00,000/-
|
19
|
E-Com Limit
|
VISA Gold - Rs. 1,25,000/- Rupay Platinum - Rs. 1,25,000/-
|
VISA Signature-Rs. 3,50,000/- Rupay Select - Rs. 3,50,000/-
|
VISA Signature-Rs. 3,50,000/- Rupay Select - Rs. 3,50,000-
|
20
|
Number of ATM transactions free per month
|
IOB ATM- Free
|
IOB ATM- Free
|
IOB ATM- Free
|
Other bank ATM in India 5 transactions per month
|
Other bank ATM in India – 10 transactions per month
|
Other bank ATM in India – 10 transactions per month
|
21
|
Credit Card subject to eligibility
|
Issue charges- NIL
|
Issue charges- NIL
|
Issue charges- NIL
|
AMC- As per applicable charges
|
AMC- As per applicable charges
|
AMC- 50 % waiver
|
22
|
Locker rent Concession after one-year completion of SB account
|
15%
|
25%
|
50%
|
23
|
Concession in Processing charge on Housing loan after one-year completion of SB account
|
100% - If the loan amount exceeds Rs 25 lakhs. 50% - if it is less than Rs 25 lakhs
|
100%
|
100%
|
24
|
Concession in Processing charge on Vehicle loan after one-year completion of SB account
|
25%
|
50%
|
100%
|
25
|
Sweep facility (weekly once with maximum amount of Rs 1.50 Cr per week)
|
NIL
|
NIL
|
NRE- Auto transfer of funds exceeding Rs 3,00,000/- to Flexi Fixed deposit with multiple of Rs 1,00,000/- for 12 months.
|
(No interest to be paid if closed before 12 months, no additional interest for Senior citizen/ex staff members.)
|
NRO- Auto transfer of funds exceeding Rs 3,00,000/- to Flexi Fixed deposit with multiple of Rs. 1,00,000/- for maximum period of 179 days.
|
26
|
Certificate charges
|
NIL charges for
|
NIL charges for
|
NIL charges for
|
• Balance certificate
|
• Balance certificate
|
• Balance certificate
|
• Interest certificate
|
• Interest certificate
|
• Interest certificate
|
27
|
Demat Account
|
Nil opening charges
|
Nil opening charges and AMC
|
Nil opening charges and AMC
|
28
|
Foreign Cheque collection
|
As per applicable charges
|
No charges for cheque collection
|
No charges for cheque collection
|
29
|
Foreign Cheque return charges
|
NIL
|
NIL
|
NIL
|
30
|
Cheque book Issuance charges
|
Free- 80 cheque leaves per year. One cheque book of 20 leaves at a time.
|
Free- multiple of 20 leaves. One cheque book of 20 leaves at a time.
|
Free- multiple of 20 leaves. One cheque book of 20 leaves at a time.
|
31
|
DD issuance charges
|
NIL
|
NIL
|
NIL
|
32
|
Non maintenance of QAB charges
|
Up to Rs. 24,999/- Rs. 200 + GST Rs. 25,000/- to 39,999/- Rs. 150 + GST Rs. 40,000/- to 49,999/- Rs. 100 + GST
|
Up to Rs. 49,999/- Rs. 350 + GST Rs. 50,000/- to 74,999/- Rs. 200 + GST Rs. 75,000/- to 99,999/- Rs. 100 + GST
|
Up to Rs. 49,999/- Rs. 500 + GST Rs. 50,000/- to 99,999/- Rs. 200 + GST Rs. 1,00,000/- to 1,99,999/- Rs. 100 + GST
|
NIL- If Deposit of Rs. 5 lakh is maintained
|
NIL- If Deposit of Rs. 10 lakh is maintained
|
NIL- If Deposit of Rs. 20 lakh is maintained
|
33
|
Internet Banking & Mobile Banking
|
Available with free of charge
|
Available with free of charge
|
Available with free of charge
|