A Priority Account is a specialised Bank Account. They are tailored to meet the aspirations and requirements of people who prefer premium access. These accounts also provide exclusivity and access to several privileged services related to banking and beyond. So, if you want to open a Priority Banking Account, the following are the bespoke benefits you can consider:

Banking privileges

Priority Account holders enjoy the following Premium Banking benefits worldwide:

  • Access and manage your investment portfolio anytime and anywhere
  • Open an account remotely from your bank’s branches anywhere
  • Enjoy a gamut of features through Online Banking platforms
  • Avail of super-smooth navigation, super-fast payments and remittances, and the advantage of super-secure logins.

Travel privileges

As a Priority Banking customer, you can enjoy different benefits even when you travel. Some of the privileges you can count on are:

  • Enjoy exclusive access to premium lounges at major domestic and international airports
  • Avail of complimentary meet and greet services at major airports
  • Take advantage of complimentary drop-off and pick-up services

You can also contact your dedicated relationship manager regardless of where you are travelling or your problem. Thus, you can avail of assistance wherever you travel.

Preferential banking benefits

When you open a Priority Banking Account, you also get access to the following privileges:

  • Higher Fixed Deposit interest rates
  • Preferential rates on your remittances
  • Unlimited ATM withdrawals free of cost
  • Personalised support from a relationship manager who caters to your banking and Wealth Management needs

Access to market insights

A Premium Account comes with Priority Banking services like exclusive access to the latest updates and detailed analysis from international and Indian markets. You can also avail of thorough market analysis from the globe prepared by your bank. Opening a Priority Banking Account also provides access to various bespoke wealth solutions tailored to your short- and long-term financial goals. These include Mutual Funds, Alternative Investment Funds, structured products, etc.

Eligibility criteria

To open Premium Savings Account, you should initiate the account opening process with a Total Relationship Value of Rs. 5 lakh. However, to keep enjoying the Priority Banking services, build your TRV to Rs. 30 lakh within six months of opening your account. In this case, your bank calculates the TRV across all accounts in your family. Hence, it refers to the TRV you and your family have with the bank.

The documents you need for the process depend on your residency status. That is, whether you are a Person of Indian Origin, Indian resident, or non-resident Indian. However, if you need clarification on the process, you can contact your bank’s customer care. Alternatively, you can request a callback from their website.