Terms and Conditions

1. The Campaign Period will run from 1 July 2025 until 31 Dec 2025 (both dates inclusive).
2. This offer is not valid in conjunction with any other special promotion or other reward periodical campaign.
3. The offer is available to all Non-Resident Indian clients for Standard Chartered Bank India, (hereinafter “the Bank”) in its NRI Priority Banking segment.
4. For the purpose of this campaign:
   1. New to Bank clients are defined as clients who have not been NRI Priority Banking clients of the Bank within the past 12 months and have opened accounts during the Campaign Period and/or do not hold existing Current and/or Savings Account and/or Term Deposit accounts with the Bank in its Personal Banking, Premium Banking, Priority Banking or Private Banking segments.
   2. Eligible Deposit Products include Non-Resident External (NRE) & Non-Resident Ordinary (NRO) savings account, Non-Resident Indian (NRI) fixed deposit (NRE, NRO and FCNR(B) deposit)
   3. Assets under Management (“AUM”) is calculated as the sum of balances of all eligible Deposit Products, in INR or foreign currency equivalents.
   4. Products which are eligible for the campaign and will be part of AUM calculations are all eligible deposit products, Investments including mutual funds, portfolio management service, alternate investment funds, gift city, Demat holding with SCSI and insurance premium.
   5. New Funds are defined as average asset under management maintained for Month 2 considering Month 0 is the account opening month.

5. Cashback Offer:
   1. All clients who meet the eligibility criteria set out below for the products are eligible for the cashback based on the below tiers:
      

      Category	Offer	Criteria	Cashback
      Non-Resident Indian Priority Qualified	When you start a Qualified Priority relationship with Standard Chartered India	INR 5,000,000	AED 1,500

   2. Cashback Pay-outs shall be as per the following schedule:
      

      NRI Priority A/C opening date	Holding Period (Avg relationship maintained)	Cashback	Amount (AED)
      Jul’25	1 Sep’25 to 30 Sep’25	Oct’25	1500
      Aug’25	1 Oct’25 to 31 Oct’25	Nov’25	1500
      Sep’25	1 Nov’25 to 30 Nov’25	Dec’25	1500
      Oct’25	1 Dec’25 to 31 Dec’25	Jan’26	1500
      Nov’25	1 Jan’26 to 31 Jan’26	Feb’26	1500
      Dec’25	1 Feb’26 to 28 Feb’26	Mar’26	1500

6. Cashback amount will be credited in client’s Standard Chartered UAE (AED) account. It is necessary to hold active Standard Chartered account at the time of opening the NRI account.
7. The Bank shall not pay late payment charges or additional profit for any delay in giving the cashback and/or prize.
8. The Bank shall not be liable for any delay in giving the cashback and/or prize if such delay is because the client cannot be contacted.
9. Minor / Guardianship accounts are excluded from the campaign.
10. Transfer of funds from a client’s spouse, siblings, parents, or children’s accounts into the client’s account via internal transfer, cash withdrawal and deposit or transfers routed through other bank(s) will be excluded from New Funds calculations.
11. Setup of multiple family accounts will not be eligible under the campaign and will be excluded from New Funds calculations.
12. The Bank reserves the right to disqualify any client from the cashback and/or prize if it has reasonable grounds to believe the client has breached any of the terms, conditions, and rules of the campaign. It also has the right at any time to verify the validity of the eligibility of all clients, not limited to just the information provided.
13. All taxes, fees, and other charges, if any, payable on the cashback and/or prize shall be the sole responsibility and liability of the client.
14. The Bank reserves the right to terminate the campaign and to vary or modify any of the terms and conditions herein from time to time. In case of disputes, the decision of the Bank shall be final and binding. Further, the Bank reserves the right to cancel or amend the campaign and these terms and conditions without notice in the event of a catastrophe, war, civil or military disturbance, act of God or any actual or anticipated breach of any anticipated law or regulation or any other event outside the Bank’s control. Any change to the campaign would be notified as soon as possible by the Bank. In the event of such change or termination, clients agree to relinquish their rights in respect to the campaign and acknowledge that they will have no recourse against the Bank.
15. The campaign and these terms and conditions are governed by the Laws of the United Arab Emirates and any disputes will be subject to the exclusive jurisdiction of the courts of Dubai.
16. Should you have any concerns or complaints regarding any of our products or services, you may raise your complaint by emailing us at complaint.resolution@sc.com or calling our Client Care Centre on +971 600 5222 88, and we will get back to you within 2 working days. To know more about our Complaints Resolution process, visit https://www.sc.com/ae/customer-service/.
17. All other Standard Chartered Bank Terms and Conditions apply. Please visit sc.com/ae for terms and conditions.