Privilege banking Privilege banking advantages Privilege banking disadvantage Types of privilege bank.

1. PRIVILEGE BANKING
MEANING
Privilege Banking is a services are designed for select
customers like you , meet all your banking and
investment needs. As a valued Privilege banking customer
you enjoy more convenient banking experience and a
comprehensive suite of products and service. DEDICATED
SERVICE AREA. PRIORITY SERVICE. SPECIAL PRIVILEGES
.

2. DEFINITION
Privilege banking is designed or high- net- worth clients of
bank. You must maintain a high account balance to qualify
for privileged banking. Banks assign a designated
relationship manager to priority banking account holders

4. PRIVILEGE BABKING ADVANTAGE
• Dedicated service area. Exclusive area at
branches for privilege banking customers.
• Priority service. Effortless and hassle – free
banking experience
• Special privilege Exclusive relationship
and lifestyle privileges

5. PRIVILEGE BANKING
DISADVANTAGES
While privileged banking in India offers a range of exclusive
benefits, it’s important to be aware of the potential
disadvantages that come with these services. High
minimum balance requirements: privileged banking often
requires maintaining a significantly higher minimum balance
compared to regular banking account

6. What is the minimum sum for
privilege banking
S$350,000
Membership. To quality as a UOB privilege banking
customer, you must maintain at all times a minimum
required monthly cash Deposite and / or investment
balance of S$350,000 ( or its equivalent in a foreign
currency) as the bank may decide from time to time in
any of your accounts.

7. MEANING IN UOB
Who we are . United overseas bank limited (UOB) is a
leading bank in Asia with a global network of more than
500 branches and offices in 19 countries and territories in
Asia pacific, Europe and North America.
TWO TYPES OF PRIVILEGE BANKING ACCOUNT
 Gold privilege savings account.
 Titanium privilege savings account

8. MONTHLY AVERAGE BALANCE
(MAB) REQUIREMENT
MAB maintained in the account* Charges to be levied *
RS 25,000 = < MAB < RS.50,000 RS.150 per month
RS 10,000 = < MAB < RS. 25,000 RS. 250 per month
RS 5,000 = < MAB < RS. 10,000 RS. 350 per month
MAB < RS . 5,000 RS . 450 per month

9. Conclusion
One conclusion of this very long – term history of private
banks is the
Continuing relevance of the partnership from of organization
in the world of
Banking and finance, and the accepting and issuing
businesses.