IOB Launches Ultra HNI Savings Scheme With Premium Privileges For Elite Customers

On Tuesday, the Chennai-based Indian Overseas Bank (IOB) unveiled an exclusive Ultra HNI Savings Bank (SB) program intended exclusively for high-net-worth individuals (HNI). Three different versions of this premium banking program-IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE-are available, each with special features designed to satisfy the financial requirements of elite customers.

Shri. Ajay Kumar Srivastava, MD & CEO of Indian Overseas Bank, said, "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, IOBs Ultra HNI Savings Scheme is set to redefine exclusive banking experiences, offering unparalleled convenience and financial benefits to India's elite banking segment," he further added.

Benefits of IOB Ultra HNI Savings Bank Scheme

Here are the key benefits of IOB Ultra HNI scheme according to Indian Overseas Bank.

• Personal Accident Insurance (PAI) Coverage - Protection of up to Rs.1.10 crore for enhanced financial security.
• Dedicated Relationship Manager- Personalized financial guidance tailored to individual needs.
• Unlimited Doorstep Banking Services - Convenient service at your doorstep through our DSB service providers.
• Exclusive Lounge Access - Free domestic and international lounge access 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 SME 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.

IOB made Rs 2,656 crores in net profit and Rs 6,764 crores in operating profit for the fiscal year that ended on March 31, 2024. The bank's operating profit for the nine months that concluded on December 31, 2024, was Rs 6,071 crores, while its net profit was Rs 2,284 crores. With 3322 branches, 3503 ATMs, and 9041 business correspondents, IOB now has an excellent domestic footprint. It also offers services in Singapore, Hong Kong, Thailand, and Sri Lanka, and has 41 million active clients.