Standard Chartered Bank - Important update on your Savings Bank Account

[pgarg24]

There seems to be an option in top to switch between CC and DC/SA.
View attachment 80401

yeah looks like voucher redemption is same as cc. So no difference wrt redemption.

 

[xxScriptzxx]

on call ?

Physical letter of closure in branch

 

[rogerthat]

I was looking for a reason to close my account with Standard Chartered and they gave me one. No sense in upgrading to a 50k MAB account that offers nearly no benefits for locking in such a big amount.

 

[BhaiyaJi]

I was looking for a reason to close my account with Standard Chartered and they gave me one. No sense in upgrading to a 50k MAB account that offers nearly no benefits for locking in such a big amount.

Thats absolutely right.

 

[RichieRich]

Useless account. Who will maintain 50k balance with almost 0 benefits

 

[BhaiyaJi]

Useless account. Who will maintain 50k balance with almost 0 benefits

Correct, I donwgraded it to basic one, with 0 MAB

 

[rogerthat]

Correct, I donwgraded it to basic one, with 0 MAB

How easy was it to do? Did you have to go to the branch in person?

 

[RichieRich]

Correct, I donwgraded it to basic one, with 0 MAB

You called customer care for that or u went to branch ?

 

[BhaiyaJi]

You called customer care for that or u went to branch ?

went to branch

 

[BhaiyaJi]

How easy was it to do? Did you have to go to the branch in person?

You need to fill some form. Was updated in 2 days.

 

[rogerthat]

You need to fill some form. Was updated in 2 days.

Thank you you

 

[EverybodyEverybody is verified member.]

Visited branch to convert to 0 mab , they denied saying account cannot be converted to 0 mab if one have multiple savings accounts/ income higher than 1L.

Filled up closure form, account closed by end of the day.

Card account deregistered from the app, again registered with credit card number.

No use of maintaining 50K in STANC.

 

[BhaiyaJi]

they denied saying account cannot be converted to 0 mab if one have multiple savings accounts/ income higher than 1L.

In my caswe also they wasted a lot of my time explaining me benefits of priority account. But I politely requested them to downgrade my account.

 

[vishnutvenu]

I got the same mail. Seems like the StanC team is out of their minds. First they reduced my CC limit. I was offended and decided to close it. I had some 50k balance on that I made it down to 4k last month and by this month I will definitely close it. Second thing they transferred my personal loan to Kotak (Basically StanC sold their complete personal loan book to Kotak). Now thirdly this Super Value account thing. Today I personally visited their Kochi office and these guys are not very welcoming. They are kind of rude and resisting my request of changing it to a basic account. They says that with basic account I cannot have more than 1L rupees deposited to it in an FY. I am totally fed up with this bank. My previous employer had tie-up with them and that's how I got into this. I kept SC as my primary savings account. Now I am planning to close but I need to do a lot of homework. Like changing mandates, adding payees etc.

 

[Panthera_Tigris]

I never got this email. Weird.

BTW, they increased the criteria for Priority Banking form 30L to 50L just two days ago. I think they are trying to be more exclusive which is understandable to be honest.

FYI, foreign banks should never be your primary bank.

 

[vishnutvenu]

I never got this email. Weird.

BTW, they increased the criteria for Priority Banking form 30L to 50L just two days ago. I think they are trying to be more exclusive which is understandable to be honest.

FYI, foreign banks should never be your primary bank.

Yes it is on my face now. 😅 SC is like "you are poor get the hell out of here". Anyway happy to go back to ICICI