Wealth Management Platform ‘Pioneer Banking’ launched by Induslnd bank
On Friday, 24th January 2020, leading private sector bank, Induslnd Bank has launched its wealth management platform called `Pioneer Banking’ which serves the banking needs of its high net- worth customers.
The new service has been introduced with the objective of putting meaning to people’s assets by maintaining its value intact and the idea behind this service is to be able to match values of simplicity, trust, transparency & service with a proven foundation of security and innovation.
This new development of wealth management is expected to be merged with the other set of personal and commercial banking products offered by the bank to its customers and this mainly focuses on High Net-worth Individual (HNI) and provides various benefits including free doorstep banking up to Rs. 4 lakh per day and no charges on non-maintenance of minimum balance, no transaction charges, etc.
A pioneer can be a person having a savings account or current account with an average quarterly balance of Rs. 10,00,000 (group-based) and above.
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Month: Current Affairs - January, 2020