Chennai, [26.02.2025]: Indian Overseas Bank (IOB), headquartered in Chennai, has introduced a specialized Ultra HNI Savings Bank (SB) Scheme designed exclusively for High-Net-Worth Individuals (HNI). This premium banking initiative offers three distinct variants viz. IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE each packed with unique benefits tailored to meet the financial needs of affluent customers.
Key Benefits of IOB Ultra HNI Scheme:
- 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.
Speaking on the launch, 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.
About Indian Overseas Bank (IOB)
Indian Overseas Bank (IOB) was founded on February 10, 1937, by Shri M.Ct.M. Chidambaram Chettyar, a pioneer in various fields. In 1969, IOB was one of the 14 major banks nationalized by the Indian Government.
At present, IOB has Strong Domestic presence of 3322 Branches & 3503 ATMs and 9041 Business Correspondents and also provides services across India in four countries: Singapore, Hong Kong, Thailand, and Sri Lanka with a Trust of 41 million active customers in bank’s fold.
For the year ended March 31, 2024, IOB’s Operating Profit was ₹6,764 crores and Net Profit was ₹2,656 crores. For the Nine Month ended December 31, 2024, the Operating Profit of the Bank was ₹6,071 crores and the Net profit was ₹ 2,284 crores.
