SBI Exclusif - Anyone Knew about it?

SBI Exclusif - Anyone Knew about it?

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Inspire
Deal Subedar
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Hi,
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)

https://www.sbi.co.in/portal/web/personal-banki...

5 Comments  |  
3 Dimers
Missing
Deal Lieutenant
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276
4620
65

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.

Inspire
Deal Subedar
19
135
1804
29
@ranjithsai01 wrote:

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.


Thanks bro… Its mentioned as free in their site except few financial service, what’s made me excited is there will be dedicated person for attending or resolving our issues

Missing
Deal Lieutenant
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276
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@matiz wrote:

@ranjithsai01 wrote:

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.


Thanks bro… Its mentioned as free in their site except few financial service, what’s made me excited is there will be dedicated person for attending or resolving our issues


Those few services which are excluded would include stocks and related instruments. That is where they would make their money and free services might be only in terms of insurance, mutual, fund FDs, credit cards. The dedicated personal advisor is very new to India and needs a lot of time for people to start accepting these services.

Missing
Deal Subedar
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@ranjithsai01 wrote:
. The dedicated personal advisor is very new to India and needs a lot of time for people to start accepting these services.


Dedicated personal investment advisers have been around in India for at least 10 years now. Most private banks offer these as part of the Wealth Management Services for HNI customers.

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Deal Lieutenant
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@panchabhut wrote:

@ranjithsai01 wrote:
. The dedicated personal advisor is very new to India and needs a lot of time for people to start accepting these services.


Dedicated personal investment advisers have been around in India for at least 10 years now. Most private banks offer these as part of the Wealth Management Services for HNI customers.


Sorry but I was talking about advisors for retail clients. AMCs have now realized that they could make some money out of it and have started rolling out for retail. For HNIs advisors were available during late 1990s itself and came to foreground in 2000s during the IT boom.

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