Private Banking
Personalized, discretionary banking and wealth management services exclusively designed for High Net Worth Individuals (HNWIs) and Ultra HNWIs.
What is Private Banking?
Private banking represents the pinnacle of personalized financial services. It is a suite of exclusive banking, investment, and wealth management services offered by banks to their most affluent clients — typically those with investable assets exceeding ₹5 crore (or USD 1 million internationally). The relationship is intensely personal, with dedicated private bankers acting as trusted financial advisors rather than product sellers.
Wealth Segments in Private Banking
Preferred banking services with some personalization
Dedicated relationship manager, portfolio advisory
Full private banking suite, family office services
Private Banking Services
Wealth Management & Portfolio Advisory
Comprehensive management of the client's entire wealth across asset classes — equities, fixed income, real estate, alternative investments, and international assets.
- Discretionary Portfolio Management (DPM)
- Structured products and alternative investments
- Regular portfolio reviews and rebalancing
- Asset allocation aligned to risk profile
Dedicated Private Banker
A single, experienced private banker serves as the client's primary contact for all banking, investment, and financial planning needs — available directly by phone or in-person.
- Single point of contact for all needs
- Proactive financial reviews (quarterly/annual)
- Access to senior bank leadership
- Concierge-level service for all requests
Tax Planning & Optimisation
Expert guidance on legally minimizing tax liability across income, capital gains, estate, and international tax — working in coordination with client's chartered accountants.
- Capital gains tax planning
- Tax-efficient investment structuring
- FEMA/RBI compliance for NRIs
- Tax treaty benefits for global assets
Estate & Legacy Planning
Structured succession planning to ensure wealth transfers to the next generation with minimal tax impact and according to the client's wishes.
- Will drafting and probate guidance
- Trust creation (domestic & offshore)
- Family constitution for business families
- Charitable giving and philanthropic planning
International & Cross-Border Services
For globally mobile clients and NRIs — international account opening, overseas property financing, foreign currency management, and global investment access.
- Offshore investment accounts
- LRS (Liberalised Remittance Scheme) guidance
- Multi-currency accounts
- Foreign property financing
Exclusive Credit & Lending
Bespoke credit solutions against investment portfolios, real estate, or business assets — often at preferential interest rates not available to retail customers.
- Loan Against Securities (LAS)
- Collateralized wealth lines
- Preferential mortgage rates
- Business succession financing
Private Banking vs Retail Banking vs Wealth Management
| Feature | Private Banking | Wealth Management | Retail Banking |
|---|---|---|---|
| Client Type | HNIs / UHNIs | Affluent to HNI | General Public |
| Min. Assets | ₹5 Cr+ | ₹50 L+ | Any amount |
| Service Model | Dedicated Private Banker | Advisory team | Self-service |
| Banking + Investments | Both, fully integrated | Investments focus | Banking only |
| Tax / Estate | Included | Limited | Not included |
| Pricing | AUM fee + negotiated | AUM-based fee | Free / minimal fee |