Called ‘the One’, ICICI Bank announced that they have rolled out a new premium savings account for their customers, which will give account holders a host of benefits. The premium savings account will have two variants, the Titanium and the Magnum. For the Titanium premium savings account, the minimum average monthly balance (MAB) will be Rs.2 lakh and for the Ma
gnum premium savings account, the minimum monthly average balance will be Rs.1 lakh.
With ‘the One’ savings accounts, account holders can make unlimited withdrawals from any bank ATM with no applicable charges and NEFT and RTGS fund transfer facilities will be free as well. ‘The one’ account holders will get a 40% discount on locker rentals.
Not just banking-related services, the premium savings account will have benefits for customers availing home loans and for equity investors such as lifestyle shopping discounts and more.
The ‘one’ account holders who wish to avail a home loan, they will benefit of a 50% waiver of the processing fee and if the balance of the existing home loan is transferred, no processing fee will be applicable. In addition, if the premium account holder maintains the minimum average balance for 3 months, he/she will be awarded with a complimentary Zomato Gold membership and if the account holder makes a purchase of Rs.15,000 from the debit card linked to the account, he/she will receive an Amazon gift card worth Rs.999.
For those who open a Demat account through the One Savings Account, there will be no annual maintenance charges, no fee to open the account, and free brokerage up to Rs.22,500. The One Savings Account holders can also avail a group health insurance policy when opening the account, and with the exclusive debit card offered with this account, the account holder will be eligible for a Rs.40 lakh insurance cover in the case of air accidents, Rs.10 lakh for a personal accident cover for the Titanium Account, and Rs.5 lakh for a personal accident cover for the Magnum account. Lastly, the exclusive debit card will come with a purchase protection up to Rs.1.5 lakh.
Source: Financial Express