Articles 

SBI Wealth Savings Account

5130 Views

The SBI Wealth Savings Account is a premium banking account offered by State Bank of India (SBI). It is designed for high-net-worth individuals and families who are looking for a personalized banking experience with access to a wide range of financial products and services.

Key benefits of the SBI Wealth Savings Account include:

  • Personalized relationship manager: You will be assigned a dedicated relationship manager who will be your single point of contact for all your banking needs.
  • Access to exclusive financial products and services: You will have access to a wide range of financial products and services that are not available to regular SBI customers. This includes products such as investment advisory, wealth management, and estate planning.
  • Discounts and waivers on fees: You will be eligible for discounts and waivers on a variety of banking fees, such as locker charges, ATM charges, and debit card charges.
  • Lifestyle privileges: You will be eligible for a variety of lifestyle privileges, such as airport lounge access, travel insurance, and concierge services.

To be eligible for the SBI Wealth Savings Account, you must meet the following criteria:

  • Minimum balance: The minimum balance requirement for the SBI Wealth Savings Account is INR 10 lakhs.
  • Income: Your annual income must be at least INR 10 lakhs.
  • Investments: You must have investments of at least INR 10 lakhs.

If you meet the eligibility criteria, you can open an SBI Wealth Savings Account by visiting any SBI branch. You will need to provide the following documents:

  • Proof of identity: Your PAN card, passport, or driving license.
  • Proof of address: Your Aadhaar card, voter ID card, or utility bill.
  • Bank statement: A recent bank statement showing your income and investments.

The SBI Wealth Savings Account is a valuable option for high-net-worth individuals and families who are looking for a personalized banking experience with access to a wide range of financial products and services. If you meet the eligibility criteria, I encourage you to open an account today.

Sl.No Our Product Features
1 SBI Wealth Debit Card (Visa Signature)
  • Debit Card Charges: Issuance Charges/ Annual Charges : NIL
  • Free add on Debit Card for Spouse/Joint Account Holder : Yes
  • Withdrawal Limit of Debit Card POS: INR 3 lakhs ATM: INR 1 lakh
  • Loss Liability : INR 4 lakhs
2 Lifestyle Privileges through SBI Wealth Debit Card Airport Lounge Access (*2 Complimentary Access every quarter) and other Privileges from time to time. (*Latest List and Validity available at VISA website)
Access to Enterprise Wide Loyalty Program – SBI Rewardz
3 Credit Card Free for 1st Year
SBI Card – Elite (subject to eligibility)
4 Personal Accident Insurance (Death) Cover INR 10 lakhs
5 Locker Charges 25% Concession (1 Locker per Client)
6 Auto Sweep In/Out Yes for Multi Option Deposit
7 Demat Account
  • Opening Charges : NIL
  • 1st Year AMC : NIL
8 Non-Home Branch Cash Withdrawal No charges for self
9 Minimum Balance Charges Nil
10 SMS Alert Charges Nil
11 Phone Banking Services
  • Debit Card replacement,
  • Duplicate PIN,
  • Cheque status,
  • Stop Payment,
  • Change in email id/mobile number
12 Remote Relationship Manager Yes for e-Wealth Clients
13 Transactions through Other Bank ATMs Unlimited free
14 SBI Wealth Investment Outlook Monthly Investment Updates through e-mail
15 Other Banking Services
  • Cheque Returns : NIL
  • DD Issuance and Cancellation Charges: NIL
  • NEFT/RTGS/IMPS Charges: NIL
  • Stop Payment charges: NIL
  • Charges for Duplicate Passbook: NIL

Here are some additional resources that you may find helpful:

  • SBI Wealth Savings Account website: https://sbi.co.in/web/wealth-management/wealth-savings-current-account
  • SBI Wealth Savings Account FAQ: https://sbi.co.in/web/wealth-management/faq-s
  • SBI Wealth Savings Account contact details: https://sbi.co.in/web/wealth-management/contact-us

 

Related Posts: