Standard Chartered Bank is an international banking institution which has received critical acclamation in the Indian finance sector due to its diversity and international support. This bank is one of the favourite banks for Indians who travel across international borders from time to time. This bank offers incomparable support in and out of India.
Here, we shall discuss the various debit/credit cards, loans, insurance schemes as well as savings accounts offered by the Standard Chartered Bank.
Credit Cards offered by Standard Chartered Bank
- You can get access to 5% cashback while shopping at Auchan stores across India.
- You also get access to 2700 Rs. worth of gift vouchers on first availing this card.
- You can avail add-on cards for your family members with this credit card for a small fee.
- This card also acts as a balance transfer card allowing you to transfer the balance of any other credit card to this card.
- You can get up to 6% value back on all lifestyle stores and other partnered outlets.
- This is a cash back type of credit card that allows you to avail benefits of cash back schemes on a day to day basis.
- You can receive up to 5% cash back on all petrol pump transactions carried out by this card.
- You also get 5% cash back on payment of telephone bills.
- The utility cash back program allows you to carry out the transactions for electricity, gas and water bills at a 5% cash back.
- You also get the benefit of availing 1 reward point on spending every 100 Rs. with this credit card for miscellaneous purposes like shopping and dining.
- You can avail up to 10 reward points on spending 150 Rs. with the Platinum Rewards credit card.
- You can also avail 10 reward points on spending every 150 Rs. for dining at partnered restaurants.
- You get access to 2 reward points on spending 150 Rs. for miscellaneous purposes.
- You can apply for the Platinum Rewards credit card via the online application portal for waiving off the joining and annual fee.
- This is another one of the reward cards that function under the bracket of giving the users reward points for making important purchases.
- You can avail up to 5% cash back on spending for groceries at retail food and grocery shops of partnered outlets.
- You can earn up to 5 times more reward points on spending for hotel, dining, flight ticket booking as well as fuel.
- You can exchange the reward points for products and gifts offered by the bank.
- This is a travel credit card that is the perfect choice for avid travellers who often travel with Emirates Airlines.
- You can earn up to 4 Skyward miles on spending every 150 Rs. with this credit card.
- You can travel for free across the world after earning a set amount of Skyward miles.
- You also get access to over 600 different international airport lounges as a complimentary benefit with this credit card.
- The card also comes with a comprehensive insurance coverage for up to 1 Crore Rs. for delay of a trip, loss of baggage or air accidents.
Loans offered by Standard Chartered Bank
- Standard Chartered Bank is one of the few banks all over the world that offer a semi-fixed interest rate option on home loans.
- You can get a home loan for a period of 5 to 25 years depending upon the loaned amount as well as the repayment instalment size.
- You can avail several additional benefits with the Standard Chartered Bank home loans like,
- Home Loan Protector
- Home Protector
- The bank also offers comprehensive loan refinancing options to convert your higher interest loan into a smaller interest rate loan.
- Application for a loan against property (LAP) is fairly simple.
- This simple process allows the bank to approve and grant the loan amount to the individual at a quicker pace.
- You can easily borrow up to 70% of the total house valuation as the loaned amount with Standard Chartered Bank.
- The Standard Chartered bank can grant you a personal loan of up to 30 lakh Rs. for salaried individuals and up to 10 lakh Rs. for entrepreneurs.
- You can get a personal loan from the bank at a low-interest rate without placing any security/collateral against the loaned amount.
- You can get a personal loan from the bank for a period of 12 to 60 months at a time.
- The processing fee for a personal loan can go up to 3% of the total loaned amount.
- The bank usually takes about 4 to 7 days to approve and grant the personal loan to an individual.
- Getting a loan against term deposits is a great way for a person to start building his/her credit score.
- This type of loan provides an immediate line of credit for the individual who wishes to start off a business with the loaned amount.
- You can get up to 85% of the total term deposit value as the loan amount.
- You can avail a loan against a security in India at Mumbai, Pune, Ahmedabad, Surat, Vadodara, Delhi, Kolkata and Chennai.
- You need to pay back the interest rate on the loan only when you make use of the loaned amount. Therefore, you can easily create a stable and healthy line of credit for emergency situations.
- In case you are placing mutual funds as a security against the loaned amount, you can get a higher amount of loan.
- This type of loan does not require any kind of penalty payment for pre-payment of the loaned amount.
Insurances offered by Standard Chartered Bank
- Standard Chartered Bank offers the following insurance schemes under the life insurance bracket,
- Pure Protection – Insures your life so that in case of an early demise/paralysis, your family needs are taken care of.
- Plan for Retirement – Helps you save a considerable amount of income for retirement planning.
- Savings and Protection – This scheme is a culmination of the pure protection and planning for retirement scheme that allows you to avail the benefits of both the schemes.
- Standard Chartered Bank offers the following insurance schemes under the home insurance bracket,
- Home – The home insurance helps you insure your house against any physical damage done due to man-made or natural disasters. You can opt for a standard home insurance at a nominal premium for a prolonged period.
- Home Content – The home content insurance has added benefits to the classic home insurance plans. It offers the insurance against damage to structural damage to the house as well as the belongings within the house. This insurance plan has a slightly higher premium compared to the classic home insurance plan.
- Standard Chartered Bank offers the following insurance schemes under the home and accident insurance bracket,
- Hospitalization – The insurance plan covers the entire medical expenses of the person in case he/she is hospitalized due to an accident or illness. This plan also offers the insurance sum for day care and other medication required for conducting surgery in case of a traumatic accident.
- Critical Illness – The health and accident insurance plan covers the entire cost of surgery and other medical treatments for a number of critical illnesses.
- Personal Accident – You can avail the benefits of this insurance policy to cover the medical expenses occurred due to a personal accident.
- Hospital Cash – This insurance policy allows you to conduct cashless transactions across several hospitals and clinics throughout India.
- This insurance plan helps your ward to conduct his/her higher studies within as well as out of India.
- Standard Chartered Bank offers the following insurance schemes under the business insurance bracket,
- Commercial Assets – The business insurance helps in covering the costs incurred to the business in case of physical damage to your commercial assets due to a burglary or fire. You can also gain added benefits to your insurance policy with add-ons for cover against earthquake and other natural disasters.
- Comprehensive Insurance – The comprehensive insurance scheme protects various valuable aspects of your business from fire, burglary, as well fidelity issues.
- Employee Insurance – The employee insurance is a critical component of a large business. With employee insurance plan, you can add a group personal accident and health insurance to provide for the families and individuals who might suffer through a non-fatal accident while working for you.
Savings Accounts offered by Standard Chartered Bank
- The 2-in-1 savings account by Standard Chartered Bank doubles as a fixed as well as a savings account.
- The bank offers 25% discount on locker rentals on opening a new 2-in-1 savings account.
- You can also link your account to a deposit account to earn a higher interest rate on your savings.
- The 3-in-1 savings account by Standard Chartered Bank functions as a savings account, D-mat account as well as trading account.
- The bank offers 25% discount on locker rentals on opening a new 2-in-1 savings account.
- You can easily open a 3-in-1 savings account by filling out a singular application form.
- You can open a basic banking account with Standard Chartered Bank with no minimum balance.
- You can also avail the benefits of thedebit card, phone banking, internet banking, locker facility, etc. with this bank account.
- You can withdraw cash from a basic banking account up to 5 times a month without any extra fee.
- You can open an Aasaan account with Standard Chartered Bank with no minimum balance.
- You can avail the benefits of thedebit card, phone banking, internet banking, locker facility, etc. with this bank account.
- You can also withdraw cash from an Aasaan account up to 5 times a month without any extra fee.
- You get access to an International debit card with this account that allows you to withdraw cash from any ATM in India for free.
- You can also avail the benefits of thedebit card, phone banking, internet banking, locker facility, etc. with this bank account.
- You can withdraw cash from an aXcessPlus account up to 5 times a month without any extra fee.
Debit Cards offered by Standard Chartered Bank
- Access to 2 reward points on spending every 200 Rs. with this debit card at partnered outlets
- You also get access to a 24 x 7 card replacement facility in case your card is lost or stolen.
- You can get one movie ticket free with every movie ticket that you purchase on a weekend.
- The fuel surcharge is completely waived off with this card for fuel recharges across India.
- You can earn up to 2 reward points on spending 100 Rs. with this debit card at partnered outlets.
- You can get 4-time access to airport lounges across the globe.
- You can avail the benefits of 5% cashback with this debit card for spending over 750 Rs. at partnered outlets.
- You can withdraw up to 2 lakh Rs. for shopping using this debit card.
- You can earn up to 1 reward point for spending every 100 Rs. with this debit card.
- The fuel surcharge is completely waived off with this card for fuel recharges across India.
- You can also get your hands on exclusive discounts for Standard Chartered Debit card users on several eCommerce platforms during online shopping.