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Terms and Conditions- Premium Banking Welcome Offer

  1. The Offer
    Customers who have opened a new Standard Chartered Premium Banking relationship and have spent a minimum of INR 20,000/ (Rupees Twenty Thousand only) on their Standard Chartered Debit Card and also meet the Premium FUM  Eligibility Criteria*, will get 15,000 Reward points on the terms contained herein.
  1. Eligibility Criteria to qualify for the Offer
    The offer is valid for all Premium Banking clients who –

    1. Have opened a new Premium Banking relationship during the onboarding period (refer to the table below),
    2. Have signed and submitted the Premium Banking MID and consent form during the Onboarding Period, and
    3. Have spent INR 20,000 (Rupees Twenty Thousand) and above on their Standard Chartered Debit Card within Qualification timeframe (refer to the table below) and
    4. Satisfy the Premium Banking FUM Qualification criteria* in month 2 during qualification timeframe.Please note, that spends on the Standard Chartered Debit Card must be Point of Sales (POS) transactions (online transactions included). Account transfers/balance transfer/ATM withdrawals will not qualify for meeting the spends criteria.
  1. Offer timeframe-
    The eligible clients will be rewarded with Debit Card/Savings Account Reward Points within Reward fulfilment timeframe if they meet the eligibility criteria in the stipulated timeframe.

    Onboarding Period Segment Qualification timeframe Reward Fulfilment Timeframe
    Oct 5 2018 – Jan 15 2019 Within 3 months of onboarding 2 months from end of Qualification timeframe
    Jan 16 2019 – Mar 31, 2019 Within 3 months of onboarding 2 months from end of Qualification timeframe
    April 1 2019 – June 30, 2019 Within 3 months of onboarding 2 months from end of Qualification timeframe
    July 1 2019 – Sep 30, 2019 Within 3 months of onboarding 2 months from end of Qualification timeframe
    Oct 1 2019 – Jan 15, 2020 Within 3 months of onboarding 2 months from end of Qualification timeframe
    Jan 16 2020 – Mar 31, 2020 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Apr 1 2020 – Jun 30, 2020 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Jul 1 2020 – Sept 30, 2020 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Oct 1 2020 –  Dec 31, 2020 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Jan 1 2021 – Mar 31, 2021 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Apr 1 2021 –  Jun 30, 2021 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Jul 1 2021 –  Sept 30, 2021 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Oct 1 2021 –  Dec 31, 2021 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Jan 1 2022 –  Mar 31, 2022 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    Apr 1 2022 –  Jun 30, 2022 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe
    July 1 2022 –  Sept 30, 2022 As mentioned in point 2 (Eligibility criteria) 2 months from end of Qualification timeframe

    illustration –
    If customer is onboarded in July 2022

    1. Customer must meet FUM Qualification criteria in September 2022, and spend INR 20000 during July – Sept 2022,
    2. Reward Fulfilment Timeframe will be November 2022. The Bank will credit the reward points by November 30, 2022.

    *Premium Banking Qualification Criteria
    Minimum monthly average FUM# (Funds under management) of INR 15 Lakh

    #FUM (Funds under management) includes any one or combination of the following products from the Bank: Savings accounts, Term Deposits, Assets under Management of Investments made through the Bank. Monthly average balances will be considered for current and savings account balances. Month end balance will be considered for the rest of the balances.

  1. General Terms & Conditions
    1. Offer Period: The Offer Period shall commence from 00:01 hours on July 1, 2022 and shall extend up to 11:59 hours on Sept 30 2022 for account opening
    2. Standard Chartered Bank does not make any warranties or representation of the quality, merchantability, suitability or availability of the products or services under the Offer.
    3. Standard Chartered Bank holds the exclusive right at its sole discretion to refuse or deny the Offer to any customer. The customer shall become ineligible to participate in this Offer if his/her card is cancelled before the expiry of /during the Offer Period.
    4. Standard Chartered Bank reserves the right to modify / change all or any of the terms applicable to this Offer. Standard Chartered Bank also reserves the right to modify, withdraw or discontinue the Offer without assigning any reasons whatsoever. Neither anything contained in these terms and conditions, nor shall running this Offer be construed as an obligation on the Bank to continue the Offer up to the termination/expiry date.
    5. Participation in this Offer is entirely voluntary and it is agreed and understood by the participants that participation shall be deemed to have been made on a voluntary basis.
    6. The Offer is non-transferable.
    7. The Offer shall not be available wherever it is prohibited under law and / or cannot be made for any reason whatsoever.
    8. All disputes under this Offer are subject to the exclusive jurisdiction of the competent courts / tribunals of Mumbai.
    9. The Bank shall not be obliged to make any public announcements of the results of the Offer. The eligible customer shall be intimated by the Bank through Email and/or SMS on the email address or mobile number registered with Standard Chartered Bank.
    10. This Offer cannot be clubbed with any other offer/promotion of Standard Chartered Bank.
    11. By participating in the Offer, the participants agree to be bound by the terms and conditions contained herein.
    12. Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any participating establishment, which may arise or accrue to the eligible customers due to provision of the Offer, shall be to the sole account of the eligible customers.
    13. The Reward Points can only be redeemed against the Online rewards catalogue, and the Bank does not make any warranties or representation of the quality, merchantability, suitability or availability of the products or services under the catalogue
    14. Reward points accumulated between January 1 and December 31 will expire by June 30 in next year, and will not be renewed post that. Client is responsible for redeeming the reward points within the validity period
    15. Detailed terms and conditions on 360° rewards can be read at https://360rewards.standardchartered.com/in/cms/PublicContent/?id=scb.rewards.dc.terms
    16. Standard Chartered Bank is not making any commitment to make such similar offers beyond the Offer Period
    17. Any dispute regarding the offer will need to be raised with the Bank within 30 days from end of Fulfilment period.