My first employer opened my salary account with Standard Chartered. With subsequent employers I used the same account for salary.
However, since there are no real perks offered by SC and their Premium / Priority banking has not been able to resolve the issues I have faced in the past. I was looking to other banks for LTF premium cards.
The issue is my SC bank account is registered with a lot of mutual fund houses and insurance companies and I wish to retain the account. I mailed them asking what would be the minimum balance requirements these guys have and got a reply that if no salary is credited then the minimum balance that needs to be maintained is INR 50K. This is something I find ludicrous for a no frills lowest tier account that I asked for.
Is that really the case? Does anyone here have non-salary bank accounts with SC and do you really maintain 50K with them?
However, since there are no real perks offered by SC and their Premium / Priority banking has not been able to resolve the issues I have faced in the past. I was looking to other banks for LTF premium cards.
The issue is my SC bank account is registered with a lot of mutual fund houses and insurance companies and I wish to retain the account. I mailed them asking what would be the minimum balance requirements these guys have and got a reply that if no salary is credited then the minimum balance that needs to be maintained is INR 50K. This is something I find ludicrous for a no frills lowest tier account that I asked for.
Is that really the case? Does anyone here have non-salary bank accounts with SC and do you really maintain 50K with them?
