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Published on October 9, 2024 at 8:13:46 AM

India’s Top Premium Banking Programs for HNIs

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High-net-worth individuals (HNIs) have distinct financial profiles and require specialised banking services. This has caused the emergence of premium banking programs catering to HNIs. These programs offer personalised care, expert advice, and exclusive privileges, which HNIs need to manage their wealth effectively. Continue reading to understand more about premium banking programs for HNIs. 
 

Understanding HNIs


High-net-worth individuals (HNIs) have investable assets of at least Rs.25 lakhs, excluding primary residence, collectibles, and consumables. HNIs have large investment portfolios and complex banking needs, requiring customised financial products and solutions. They also demand a highly privileged banking experience.

 

With the number of HNIs in India increasing steadily, competition has been rising among banks to target this critical customer segment through tailored premium programs that cater specifically to HNIs.
 

Evaluating Premium Banking Programs


When evaluating premium banking programs for HNIs, some key factors to consider are:
 

1. Personalised Care 


Premium banking programs cater to HNIs by providing dedicated relationship managers who offer customised solutions tailored to clients' needs. This personalised approach enables hassle-free banking with a single point of contact assisting HNIs in seamlessly managing their wealth.
 

2. Expertise 


Premium programs showcase expertise across asset classes by providing specialist advisory services. This includes portfolio management, which aligns investments to client goals and risk appetite. Wealth planning, which covers aspects like estate planning and succession, also adds value.
 

3. Privileges


A key aspect of premium programs is the privileges offered to clients. These include exclusive lifestyle benefits, preferential pricing on solutions, and banking conveniences to ensure a smooth and convenient banking experience.
 

4. Research Capabilities


Robust research capabilities provide insights and ideas to clients while guiding them on new investment opportunities. Premium programs offer market intelligence, recommendations across assets, and updates on new offerings, which are crucial for HNIs to make informed investment decisions.
 

Conclusion


As India's population of high-net-worth individuals continues to rise, more premium banking programs that serve their unique requirements are coming up. When settling on such an exclusive offering, HNIs ought to gauge the level of personalisation, skill, benefits, and convenience given. The ideal premium banking program will emphasise an exceptionally customised recommendation that offers privileged client experience, master counsel, and strong research capacities.

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This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

  • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
  • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
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