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Titanium Privilege Account - Eligibility
The account is available for Resident Individual (sole or joint account), Foreign national and Hindu undivided family (HUF) customers, above age of 18 years.
This account is also available for minor customers below 18 years and Senior citizen customers who have completed 60 years.
Monthly Average Balance (MAB) requirement
The minimum Monthly Average Balance (MAB)* required to be maintained for a new Titanium Privilege Account is Rs.1,25,000. Non-maintenance of MAB in any month will attract a charge as per the following guidelines:
| MAB maintained in the account* | Charges to be levied* |
|---|---|
| Rs. 50,000 =< MAB < Rs. 1,25,000 | Rs. 100 per month |
| Rs. 25,000 =< MAB < Rs. 50,000 | Rs. 150 per month |
| Rs. 10,000 =< MAB < Rs. 25,000 | Rs. 250 per month |
| Rs. 5,000 =< MAB < Rs. 10,000 | Rs. 350 per month |
| MAB < Rs. 5,000 | Rs. 450 per month |
Waiver of non-maintenance of MAB charges subject to FD of minimum Rs.6.25 lacs in the same CUST ID.
Non-maintenance of MAB charges are not applicable to Salary customers.
* The above is applicable for customers who have opened a Titanium Privilege Account or upgraded an existing account to a Titanium Privilege Account on or after December 1, 2012.
The minimum Monthly Average Balance (MAB)** required to be maintained for a Titanium Privilege Account is Rs. 75,000. Non-maintenance of MAB in any month will attract a charge as per the following guidelines:
| MAB maintained in the account* | Charges to be levied* |
|---|---|
| Rs. 50,000 =< MAB < Rs. 75,000 | Rs. 100 per month |
| Rs. 25,000 =< MAB < Rs. 50,000 | Rs. 150 per month |
| Rs. 10,000 =< MAB < Rs. 25,000 | Rs. 250 per month |
| Rs. 5,000 =< MAB < Rs. 10,000 | Rs. 350 per month |
| MAB < Rs. 5,000 | Rs. 450 per month |
Non-maintenance of MAB charges waived off subject to FD of min Rs. 3.75 lacs in the same CUST ID.
Non-maintenance of MAB charges is not applicable for Salary customers.
** The above is applicable for customers who have opened a Titanium Privilege Account or upgraded an existing account to a Titanium Privilege Account on or before November 30, 2012.
