{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/current-account\/current-accounts-for-high-net-worth-individuals-tailored-services-and-benefits\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/current-account\/current-accounts-for-high-net-worth-individuals-tailored-services-and-benefits\/","headline":"Current Accounts for High-Net-Worth Individuals: Tailored Services and Benefits","name":"Current Accounts for High-Net-Worth Individuals: Tailored Services and Benefits","description":"You may have come across the term \u2018High Net-Worth Individual\u2019 or HNI, especially within the realm of financial services. HNIs hold a unique position and command a certain level of service in different areas of life, including banking.  It is no surprise that, to meet the HNIs\u2019 banking needs, current accounts offer specialised services and...","datePublished":"2024-08-22","dateModified":"2024-08-22","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/#Person","name":"Vinayak","url":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Current-Accounts-for-High-Net-Worth-Individuals-Tailored-Services-and-Benefits.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/Current-Accounts-for-High-Net-Worth-Individuals-Tailored-Services-and-Benefits.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/current-account\/current-accounts-for-high-net-worth-individuals-tailored-services-and-benefits\/","about":["Current Account"],"wordCount":1204,"keywords":["current account","current account for HNI"],"articleBody":"You may have come across the term \u2018High Net-Worth Individual\u2019 or HNI, especially within the realm of financial services. HNIs hold a unique position and command a certain level of service in different areas of life, including banking. It is no surprise that, to meet the HNIs\u2019 banking needs, current accounts offer specialised services and benefits. HNIs have special financial needs that go beyond regular banking services, offering unique benefits in their current accounts. Read on to learn more. Why Do Banks Have Specialised Services for High-Net-Worth Individuals?First, let\u2019s understand the definition of high net-worth individuals.High Net-worth Individuals (HNIs) are defined as individuals with significant financial assets, apart from their primary residence. In India, an HNI label refers to someone with an investible surplus of over \u20b95 crore. Now that the definition of high net-worth individuals is clear, let\u2019s look at some reasons banks offer them specialised services:1.\u00a0\u00a0\u00a0\u00a0\u00a0 Complex Financial NeedsHNIs often have diverse investment portfolios. It includes equities, bonds, real estate, and private equity. Managing these assets requires specialised financial advice and services.2.\u00a0\u00a0\u00a0\u00a0\u00a0 Customised Banking SolutionsBanks offer flexibility, higher transaction limits, and personalised services to cater to HNIs\u2019 unique financial goals.3.\u00a0\u00a0\u00a0\u00a0\u00a0 Better Relationship ManagementIt is important to build trust with HNIs and ensure satisfaction. Hence, banks provide dedicated relationship managers for HNIs, allowing them to enjoy customised financial advice, investment strategies, and wealth management services.Unique Features and Benefits of a Current Account for HNIsWhen you open a current account as a high net-worth individual in India,  you can enjoy a host of benefits, including:1.\u00a0\u00a0\u00a0\u00a0\u00a0 High Transaction LimitsCurrent accounts for HNIs come with higher transaction limits. This enables them to carry out seamless and large-scale financial operations without limitations.2.\u00a0\u00a0\u00a0\u00a0\u00a0 Dedicated Relationship ManagersHigh net-worth individuals are provided with dedicated relationship managers for personalised banking and financial advisory services. This ensures that their banking experience is smooth and efficient.3.\u00a0\u00a0\u00a0\u00a0\u00a0 Exclusive Benefits and PrivilegesCurrent Accounts for HNIs ofteninclude exclusive benefits such as doorstep banking services, grouping of accounts, access to premium banking facilities, and more. 4.\u00a0\u00a0\u00a0\u00a0\u00a0 Comprehensive Wealth ManagementSome banks also offer a suite of wealth management services to HNIs. This includes investment advisory, estate planning, tax optimisation, and more. 5.\u00a0\u00a0\u00a0\u00a0\u00a0 Priority ServicesHNIs enjoy priority services in their banking transactions. This means faster processing time and exclusive customer service.6.\u00a0\u00a0\u00a0\u00a0\u00a0 Additional PerksBesides the above, high net-worth individuals also enjoy lifestyle benefits. This includes concierge services, access to exclusive events, and travel privileges that add value beyond traditional banking services.IndusInd Bank’s Current Account OfferingsIndusInd Bank offers a range of current accounts tailored to meet the needs of high-net-worth individuals in India. Indus Premier Current AccountEnjoy free demand draft issuance, dynamic cash deposit limits, auto-sweep deposits, account grouping, and more.\u00a0Indus Select Current AccountDoorstep banking services, preferential trade charges, a free Visa Signature Select Debit card, and more, allowing HNIs to enjoy a seamless banking experience. Indus Freedom Current AccountThis account provides flexibility and freedom with features like a higher cash deposit limit, free NEFT\/RTGS\/IMPS, and more.  Also Read: What are the Transaction Limits on an Online Current Account?ConclusionChoosing the right banking partner is crucial for high-net-worth individuals to manage their assets and optimise their finances. With features like higher transaction limits, dedicated relationship managers, and comprehensive wealth management, current accounts can ensure a premium banking experience for such customers. IndusInd Bank’s range of Current Account offerings for HNIs exemplifies these benefits, making it a preferred choice for affluent clients in India.Ready to elevate your banking experience? Open a Current Account with IndusInd Bank today!Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.Share This:"}