This is a new service launched in Feb16 and currently only in Bangalore. Anyone aware of this and can someone suggest its good to have for a salaried person? (I dont’ have demat account and I wont do any trading)
I had got a mail about this sometime back and below are the terms.
Join the SBI Exclusif family by fulfilling one or more of the following criteria:
A total relationship value (TRV) of over Rs. 30 Lacs maintained across current, savings & term deposits including investments in mutual funds & demat with the SBI Group
A sanctioned home loan of Rs. 1 Crore or more from SBI
A monthly salary credit of Rs. 2 Lacs and above with SBI
It is only suitable for people having good number of investments and I don’t think it would be a free service. If you are not investing much forget this and do your own research about investments.