A Savings Account or Current Account with an Average Quarterly Balance of Rs. 10,00,000 (group based) and above.
Alternatively, a Net Relationship Value of Rs. 30,00,000 (group based) and above with an Average Quarterly Balance of Rs. 1,00,000 (group based) and above in a Savings or Current Account.
Net Relationship Value comprises of average relationship value (for last quarter or last 3 months) at a group level across:
- Current Account/Savings Account
- Fixed Deposits
- Current Mutual Funds AUM with IndusInd Bank (as per original investment amount)
- Demat Account's Holding Value
- Insurance Premium for policies live and in force (excluding single premium policies)