Standard Chartered Priority Banking offers a range of exclusive benefits, including personalized wealth management, lifestyle benefits, preferential rates, and enhanced banking services. If you are using standard charted regular banking then banks also allow an option to upgrade to Standard Chartered Priority Account. It enhances your banking experience with various exclusive perks once you qualify for their eligibility criteria.
Eligibility Criteria for Upgrading to Standard Chartered Priority Banking
The regular standard needs to meet the following criteria to qualify for the Standard Chartered Priority Banking Minimum Balance. Here are the key eligibility criteria:
- Minimum Relationship Balance: the applicant needs to maintain a Total Relationship Balance (TRB) of at least INR 30 lakh in their savings accounts, term deposits, investments, and insurance.
- Regular Income and Investments: If you have a stable source of income along with good investment with the bank then it can also help you qualify to upgrade your regular account to the Standard Chartered Bank Priority Banking account.
- Existing Banking Relationship: Customers with a longstanding relationship and a strong transaction history with the bank are given priority.
- Salary Account Holders: Employees of Top-tier firms having their salary account with Standard Chartered Bank can also get an upgrade for Priority Banking if the meet the required salary threshold.
Eligibility Criteria for Upgrading
To upgrade to Standard Chartered Priority Banking in India, clients must meet one of the following criteria for new clients:
| Criteria | New to Bank Clients (effective 01 March 2025) | Existing Clients (Priority segment prior to 1 March 2025) |
|---|---|---|
| Minimum monthly average FUM (Funds Under Management) | INR 50 Lakh | INR 30 Lakh |
| Minimum monthly salary credit into Standard Chartered Salary Account | INR 3 Lakh | INR 3 Lakh |
| Mortgage outstanding amount | Tiered: >= INR 4Cr (Mumbai, Delhi), >= INR 3Cr (Bangalore, Chennai, Hyderabad, Pune, Kolkata), >= INR 2Cr (All other cities) | Above INR 2 Crore |
| Family members inclusion | If one family member meets criteria, rest can enjoy Priority benefits (single: parents; married: spouse and children) | Same as new clients |
| Program maintenance charges waive | Not levied for Savings Accounts with minimum monthly average balance of INR 5 Lakhs | Same as new clients |
Steps to Upgrade from Regular to Standard Chartered Priority Banking
1. Check Your Eligibility
Before starting to upgrade to Standard Chartered Priority Banking, carefully analyze your eligibility based on their Eligibility criteria for Indian users. You can check this through the following ways:
- Log into your online banking portal.
- You can also contact the Standard Chartered Priority Banking Hotline.
- Visiting a Standard Chartered Priority Banking Branch in person.
2. Contact Your Relationship Manager or Customer Care
If you meet the criteria then request an upgrade through:.
- Your Relationship Manager: If the bank has already assigned you a banker then contact him for assistance with the transition.
- Customer Care: Contact the Standard Chartered Priority Banking Customer Care Number and ask for the required help in upgrading your account.
- Branch Visit: you can also visit the branch in person to discuss the upgrade with a bank representative.
3. Submit Required Documents
Then You will be required to provide the following documents:
- Proof of Income: ISalary slips, bank statements, or Form 16 for salaried individuals.
- Investment Proof: Fixed deposit receipts, mutual fund statements, or insurance policies.
- Address and Identity Proof: Aadhaar card, PAN card, or passport.
You can also check our detailed article on Documents Required for Standard Chartered Priority Banking.
4. Fund Your Account to Meet the Minimum Balance Requirement
To maintain the priority banking status, make sure to maintain the required Minimum Balance for Standard Chartered Priority banking. Which are:
- Holding at least INR 30 lakh across deposits and investments.
- Regularly reviewing your balance to avoid downgrades.
5. Enjoy Exclusive Benefits
Once your account is upgraded to Priority banking, enjoy the following benefits and many others features:
- Standard Chartered Priority Pass Benefits, give you access to more than 1000 airport lounges.
- Enjoy a dedicated Standard Chartered Priority Banking Hotline.
- Benefit from a premium Standard Chartered Priority Visa Infinite Credit Card with exclusive perks.