Standard Chartered Bank

Feature and Benefits of Standard Chartered Bank

Below are the benefits that the customers get on opting for Standard Chartered Bank services and products:

• A wide range of products and services for retail, management, wealth, commercial, institutional, corporate, digital, private, and transactional business sectors.
• Preferential estimation on the deposits and loans.
• Discounts are offered on routine banking transactions.
• Global recognition on specially designed priority-based Standard Chartered Bank cards.
• Benefits of up to ₹1.85 lakhs annually after registering for Priority Banking relationship.
• Gives the customer complete control over their investments.

Standard Chartered Bank Overview

Being the most significant international bank in India in terms of branches, Standard Chartered Bank has been operating for more than 150 years. Established in the year 1858 in India, the bank has set up around 100 branches in 42 cities of the country. 

The bank has in-depth knowledge about the financial solutions needed by the Indian crowd and has offered a range of services and products via their global capabilities. The international bank provides its customers with the best possible banking solutions and experiences.

International Finance Awards awarded the bank Most Innovative Digital Bank in India in 2018, Best Cash Management Bank Asia Pacific by the Corporate Treasurer (CT) Awards in 2019, and Best International Private Bank by Asiamoney Private Banking Awards.

• The key client segments of the bank are Commercial and Institutional Banking, Corporate, Retail Banking, and Private Banking. 
• Best banking and financial solutions for the customers.
• Standard Chartered Bank is also the sponsor of Liverpool Football Club and CNBC.

Mission, Vision, and Values

Mission: Standard Chartered Bank aims to create an exceptional financial value for the customers, staff, and investors. With their market leadership and innovative Shariah complaisant services and products, the bank aims to assist the customers with their financial needs by staying true to their core values and ethics.

Vision: Standard Chartered Bank is committed to leading the financing market with how they operate. They also foresee their contribution to the country’s economy by staying true to their core finance business activities. They are also committed to building a positive impact in the lives of their customers.

Values: The core values of Standard Chartered Bank are customer-centric approach, transparency in the financial services and products provided to the customers, teamwork to make financial services reach the customers around India, integrity, honesty, and respect of the customers, staff, and investors.

Banking Services and Products Based Upon the Entity

There are different types of entities that need financial products and services. Standard Chartered Bank has the banking services and products categorised for different entitled. Both individuals and companies can easily avail these financial products by the bank.

Products and Services For Individuals

Loans

A loan is of great help in meeting the expense of an individual. Standard Chartered Bank offers a range of loan options for their customers. These loan services and products will help the customers quickly influx of funds when required. Also, the bank offers competitive interest rates on the loan amount with fast processing and rapid disbursement of the funds. The loan products and services offered to individuals by the bank are listed below.

Personal Loan

A Standard Chartered Bank personal loan is the best option if consumers have unanticipated financial demands. It is a bank-sponsored unsecured loan. The bank has no restrictions on how the funds can be used. The loan amount can be used to cover personal needs such as family excursions, wedding preparations, unforeseen medical bills, and so on at a low-interest rate.

Loan Against Property

 Both residential and commercial properties can be used to secure a loan from Standard Chartered Bank. It provides a flexible payback period and a low-interest rate on the loan amount. The bank has no restrictions on how it uses its cash. The money can be utilised for both professional and personal reasons. To obtain the loan, the customer must provide the relevant paperwork for the property used as collateral.

Home Loan

Customers may get Standard Chartered Bank’s products and services. The bank’s house loan makes it simple for people to purchase, develop, or modify homes. Furthermore, it can help you save up to $1 lakh in tax under the Income Tax Act of 1961. Standard Chartered Bank home loans provide financial assistance to consumers who want to buy or build their dream house at a reasonable interest rate.

Other loan solutions offered by the bank for individual borrowers are listed in the table below:

Accounts and Deposits

Standard Chartered Bank offers different types of deposit and other accounts that cater to the needs and wants of customers. These accounts are flexible and offer exclusive packages. With the various accounts and deposits, the customers can be assured as their money is safe and is not going anywhere from the bank. Here are the various types of accounts, deposits products and services offered by Standard Chartered Bank for the individual customers:

Credit Cards

Standard Chartered Bank credit cards offer an exclusive shopping experience with rewards, cash back, and travel opportunities. These credit cards are designed to match the requirements of the customers. The bank offers various credit cards products and services for their individual customers, which are mentioned in the table below.

Loan on Credit Card

The bank offers loans on credit cards. Customers who have a credit card can avail this product. Moreover, this product makes it easy for individual customers to manage their credit cards and monthly bills at the same time.

Debit Cards

With the different range of debit cards by Standard Chartered Bank, the customers can enjoy a cashless experience and get unparalleled benefits, like shopping discounts and more. With these debit cards, customers also get easy access to their money all around the world. The bank offers six kinds of debit cards, which are listed below: 

Investments

Investment is a better way to stay ready for the future. With the various investments products and services offered by the bank, the customers get high returns towards their investments. The solutions also help the customers to build up a financial routine, which can benefit them in the future. Standard Chartered Bank offers a range of investment options as mentioned in the table.

Insurance

The bank has a range of insurance solutions designed to meet the needs of the customers. By covering with the insurance plans, the customers can get financial security and can eliminate the tension during unexpected times. The bank offers various insurance services and products for the customers. 

Products and Services For Companies

Loans and Working Capital

Standard Chartered Bank provides a range of financial solutions, such as the business loan, the loan against property for business, etc., to maintain the business’s cash flow. Moreover, these loans, working capital products, and services are offered for a range of capital needs, such as hiring staff, foreign expansion of business, and more. With the help of loans offered by the bank, the companies and businesses can easily manage the expansion and working costs for a smooth workflow. The various loans and working capital offered by the bank are listed below:

• Loan Against Property (LAP): Standard Chartered Bank has provided a secured loan. Standard Chartered Bank offers consumers a business loan secured by a mortgaged property in this lending option. The property can be either residential or commercial. The bank gives an appealing and low-interest rate on the business loan secured by the property.
• Business Loan:A Standard Chartered Bank business loan is a loan that the bank offers to customers with special business needs. Customers may use the business loan to keep their operating money flowing smoothly, purchase the necessary instruments, recruit people, and develop their firm to new heights. Standard Chartered Bank provides business loans with a low- interest rate and a flexible payback period.

Other loan solutions offered by the bank for individual borrowers are listed in the table below:

Accounts and Cash Management

The bank also offers account and cash management solutions to the business. With the various services provided by Standard Chartered Bank, businesses can easily access their accounts and cash from anywhere. The bank also allows businesses to perform transactions via their online banking platform. The solutions for accounts and cash management are listed below.

Global Banking

The extensive global network of Standard Chartered Bank helps businesses to expand at the global level. The bank also provides SME trade solutions as well as cross border services to the companies for expansion at a greater level. The global banking solutions by Standard Chartered Bank are as follows: 

Business Protection

Standard Chartered Bank helps companies to expand their business by minimising the risks. With the help of these business protections, the companies do not need to worry about the risks and can take the necessary steps to expand the business and earn higher incomes. The bank offers various products and services for business protection. 

Yield Enhancing

The products and services for business yield-enhancing helps the businesses and companies to grow their surplus cash. At the same time, it also offers smart investment services for maximising the potential returns of the business. The two yield-enhancing services and products offered by the Standard Chartered Bank are as follows:

Standard Chartered Bank Head Office Details

The customers can contact Standard Chartered Bank with their queries via the contact details mentioned below.

Standard Chartered Bank Contact Number