For high-net-worth individuals (HNIs) in India, the demand for exclusive and specialised banking solutions is on the rise. To meet this demand, Indian Overseas Bank (IOB) has introduced the Ultra HNI Savings Scheme, which comes with enhanced privileges, superior protection, and effortless banking services.
The ordinary banking program offers services in three tiers according to customer value:
-
IOB SB PRIME
-
IOB SB PRIORITY
-
IOB SB PRIVILEGE
All tiers offer a range of complimentary services, such as lounge access, unlimited banking transactions, personalised financial advice, and expensive insurance plans.
Read More: Bank Locker Rules: Locker Charges, Insurance Policy and Regulation
Overview
| Feature | Details |
|---|
| Scheme Name | IOB Ultra HNI Savings Scheme |
| Bank | Indian Overseas Bank (IOB) |
| Target Customers | High-Net-Worth Individuals (HNIs) |
| Variants Available | IOB SB PRIME, IOB SB PRIORITY, IOB SB PRIVILEGE |
| Key Benefits | Personal accident insurance, free banking transactions, premium debit & credit cards, lounge access, dedicated relationship managers |
| Premium Features | Locker rent discounts, loan processing fee waivers, unlimited doorstep banking |
| Launch Announcement | Ajay Kumar Srivastava, MD & CEO of IOB |
What Is The IOB Ultra HNI Savings Scheme?
The Ultra HNI Savings Scheme is an offering by the Indian Overseas Bank. It targets high-net-worth individuals and comes with a proprietary supplementary package that includes insurance, free banking transactions, premium cards, and personalised services.
The scheme aims to elevate the banking experience of the upper class of India by providing incredible financial solutions along with hassle-free convenience.
Objective
For those interested in becoming premium class customers, this scheme goes beyond basic transactions to offer a full lifestyle enhancement. Experience unparalleled banking, servicing and security like never before. Here’s what makes it special:
-
To provide specially designed financial services for HNIs with added premium features.
-
To provide enhanced convenience through unlimited free transactions, relationship managers, and doorstep services.
-
To provide personal accident insurance coverage of up to ₹1.10 crore, providing peace of mind and financial security.
-
To target rich customers by providing special-cloaked debit and credit cards, locker privileges, and waivers on loans.
Key Benefits
Get a taste of banking that is more than just transactions. Secure, convenient, and exclusively designed for you. From protecting your finances to personalising your services, enjoy banking that caters to you.
1. Financial Security & Insurance Benefits
- Personal Accident insurance coverage is achievable for up to ₹1.10 crore.
2. Premium Banking Privileges
-
Dedicated Relationship Manager for personalszed financial assistance.
-
Banking Services Anytime, Anywhere – Banking From the Comfort of Your Own Home.
-
Concession Fee for Lockers – Up to 75% discount on locker rent.
3. Exclusive Debit & Credit Card Benefits
-
Premium Debit Cards: Top-tier VISA and RuPay cards are issued and maintained without any fees.
-
Credit Card Perks: No fees for issuance, periodic upkeep, and card expiration for credit cards.
4. Free & Unlimited Banking Transactions
-
Free NEFT, RTGS and IMPS transactions.
-
No charge for Instant Alerts for business banking transactions.
5. Lifestyle & Travel Benefits
- Complimentary International Access: Enjoy Lounge access at both local and international airports with your RuPay Select Debit Card.
6. Loan & Banking Fee Waivers
-
No processing fees for vehicle and housing loans will be charged.
-
Chequebooks, demand drafts, and lockers are free.
Read More: What is the Difference Between Traditional Bank Passbook & Digital Bank Passbook
Eligibility Criteria
Not everyone has access to exclusive banking services as only a select few elites are catered to. In case you are an HNI who is interested in premium perks, here’s what you need to meet:
-
As Indian Overseas Bank’s criteria for a high-net-worth individual (HNI), you must meet the minimum balance and income criteria of the bank.
-
The client must maintain a high average monthly balance in the savings account.
-
The client must hold or apply for a premium VISA or RuPay debit card issued under the scheme.
How To Apply
Starting with the IOB Ultra HNI Savings Scheme is easy. It doesn't matter if you feel like visiting a branch or would rather apply online; the process is user-friendly. Here's how to go about the application:
Application Process (Online & Offline)
Step 1: Visit the Nearest IOB Branch
Step 2: Apply Online via IOB Net Banking
-
Log in to IOB’s official website and apply for the Ultra HNI Savings Account.
-
Select the desired variant (PRIME, PRIORITY, or PRIVILEGE).
-
Provide KYC documents for verification.
Step 3: Through IOB Mobile Banking App
Documents Required
The first step toward easy and worry-free banking is having the correct documentation. To enroll in the IOB Ultra HNI Savings Scheme, please be ready with the following:
Conclusion
The IOB Ultra HNI Savings Scheme is an special offer designed for customers with exclusive banking needs. Such benefits associated with unmatched perks like personalized banking, free unlimited transactions, exclusive credit and debit cards, and insurance make IOB stand out as a leader in luxury banking.
This scheme offers the fast-growing high net worth individual segment in India financial convenience, superior banking, and security all within one scheme - a must have for all high net worth individuals.
Join the conversation and stay informed! Visit the Jaagruk Bharat community page and be part of an active, engaged community as we work day and night to bring information to your fingertips.
