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Standard Chartered Bank - Important update on your Savings Bank Account

BhaiyaJi

TF Legend
Dear Valued Client,
Thank you for banking with Standard Chartered Bank.
We continuously evaluate our offerings to enhance our product and services to offer seamless banking to our clients. In our recent evaluation, we are discontinuing aXcess Plus savings account as a proposition and given your engagement with the Bank, we are upgrading your Standard Chartered account ending with XXXXXXXXXXX to SuperValue Savings Account.
The changes shall be effective on 8th March 2025. You have an option to visit your nearest branch and convert your account into a basic savings bank deposit account before this date.
SuperValue Savings Account has been customised to your banking needs and we are happy to inform of the key features of this enhanced product:
• Monthly Average Balance requirement: INR 50,000
• Eligible for 10x rewards on every INR 100 spends on debit card, purchase protection covers and milestone benefits of 1,000 points on spends greater than 2 Lakh in the year
• 15% off on all locker variants
• Free cash withdrawals at Standard Chartered India ATMs
• Free cash withdrawal on Non Standard Chartered ATMs (3 free transactions for metro locations, 5 free transactions for non-metro locations)
The following important documents are being sent to your registered e-mail ID:
• Code of bank’s commitment to customers
• Client terms
• Debit card terms
• Schedule of Service Charges
In case of queries, kindly contact us.
We look forward to your continued patronage.
Yours Sincerely,
Standard Chartered Bank
 
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Dear Valued Client,
Thank you for banking with Standard Chartered Bank.
We continuously evaluate our offerings to enhance our product and services to offer seamless banking to our clients. In our recent evaluation, we are discontinuing aXcess Plus savings account as a proposition and given your engagement with the Bank, we are upgrading your Standard Chartered account ending with XXXXXXXXXXX to SuperValue Savings Account.
The changes shall be effective on 8th March 2025. You have an option to visit your nearest branch and convert your account into a basic savings bank deposit account before this date.
SuperValue Savings Account has been customised to your banking needs and we are happy to inform of the key features of this enhanced product:
• Monthly Average Balance requirement: INR 50,000
• Eligible for 10x rewards on every INR 100 spends on debit card, purchase protection covers and milestone benefits of 1,000 points on spends greater than 2 Lakh in the year
• 15% off on all locker variants
• Free cash withdrawals at Standard Chartered India ATMs
• Free cash withdrawal on Non Standard Chartered ATMs (3 free transactions for metro locations, 5 free transactions for non-metro locations)
The following important documents are being sent to your registered e-mail ID:
• Code of bank’s commitment to customers
• Client terms
• Debit card terms
• Schedule of Service Charges
In case of queries, kindly contact us.
We look forward to your continued patronage.
Yours Sincerely,
Standard Chartered Bank
I got this email today. Wondering whether to close or continue with higher AMB.
 
10X rewards on debit card, where it matters the most – Entertainment, groceries, supermarket, utility bills and telecom

Any idea above above.. looks good because we can pay cc bills using sbiunipay..

 
10X rewards on debit card, where it matters the most – Entertainment, groceries, supermarket, utility bills and telecom

Any idea above above.. looks good because we can pay cc bills using sbiunipay..

1000 reward per month cap. What is the value of 1 rp? Got same emil
 
you can check the 360 rewards link shared in one of the comments... mostly worthless vouchers.. 1rp = 0.25rs on average.. would not recommend sc
I'm on the same boat whether to continue with 50k mab or downgrade the acc.....or close the acct
 
does this require the customer to visit the branch? will they take the request to downgrade by calling the customer care
My nearest SCB branch is 60 kms from home
 
You have an option to visit your nearest branch and convert your account into a basic savings bank deposit account before this date.
does this require the customer to visit the branch? will they take the request to downgrade by calling the customer care
My nearest SCB branch is 60 kms from home
As per their mail, one need to visit branch. But you can try once on call as well.
 
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