Bandhan Bank Elite Account Review and Mastercard Platinum Debit Card Comprehensive Overview

The Bandhan Bank Elite Account is a premium banking solution designed for individuals seeking exclusive banking privileges, high-value benefits, and seamless financial services. Below is a detailed review of its features, eligibility criteria, and the perks it offers to account holders.

To Check our Bandhan Bank Elite Account Kit Unboxing and Review - Click Here

Eligibility Criteria

To qualify for the Bandhan Bank Elite Account, you need to meet one of the following criteria:

· Maintain a Monthly Average Balance (MAB) of ₹5 lakh.

· Have a Fixed Deposit (FD) relationship of ₹25 lakh.

· Ensure a Total Relationship Value (TRV) of ₹15 lakh (₹2 lakh in savings and the rest in fixed deposits).

Additional Details:

· MAB Penalty Charges: NIL.

· Non-Maintenance of MAB: Downgrade to an appropriate scheme.

· Branch Transaction Charges (if MAB not maintained): NIL.

· Debit Card Issuance Charges: No charges.

Features of the Elite Account

Exclusive Banking Privileges:

· Dedicated Relationship Manager: The branch head acts as your relationship manager.

· High-Interest Earnings: Attractive interest rates on your savings account.

· Monthly Average Balance Requirement: ₹5 lakh.

Exclusive benefits on this Elite account: 

• Cash deposit limit at branch – unlimited
• Branch cash withdrawal transactions limit – unlimited
• Multi-city ‘at par’ cheques – unlimited
• Cheque return and DD cancellation – free
• Cash withdrawal at other bank ATMs – free
• Funds transfer – free
• Stop payment of cheque - free
• NEFT transactions through Internet banking and mBandhan (mobile app) – free 
• Free Standing Instructions mandate for Bandhan Bank Accounts
• Duplicate interest, balance and TDS certificates issued – free
• Signature, address and photo attestation facility – free
• Exclusive benefits on Bandhan Bank Mastercard Platinum Debit Card with NIL Issuance Fee and Annual Maintenance charge

Wide range of complimentary standard benefits: 

• Passbook  
• Multi-city ‘at par’ cheque book 
• Any branch banking  
• Inter-branch funds transfer 
• Digital banking – Net Banking, Phone Banking, Mobile Banking  
• SMS and email transaction alert 
• Nomination  
• 24-hour customer care  
• Monthly e-statement of account 

Mastercard Platinum Debit Card Features

The Bandhan Bank Mastercard Platinum Debit Card complements the Elite Account with numerous benefits:

Higher Daily Transaction Limits

· ATM Cash Withdrawal Limit: ₹2 lakh per day.

· Purchase Transaction Limit: ₹6 lakh per day.

You can adjust these limits via internet banking, mobile banking, or by visiting a Bandhan Bank branch.

Complimentary Lounge Access

• Access domestic airport lounges twice per quarter.
• For a list of lounges and terms, Click Here

Exclusive Offers and Discounts

Enjoy discounts across travel, dining, entertainment, groceries, leisure, and online shopping.

Enhanced Security Features

• Contactless Payments: Enabled with NFC and EMV chip technology for secure and fast transactions.
• Emergency Assistance: 24x7 worldwide support for legal, medical, and card-related services like blocking, hot-listing, and emergency cash advances.

Free Insurance Coverage

The Mastercard Platinum Debit Card offers extensive insurance protection:

Accidental Coverage

• ₹10 lakh for personal accidental death (road/rail accidents).
• ₹1 crore for air accidental death (if tickets are purchased using the card).

Purchase Protection

• Cover up to ₹2 lakh for purchases made with the card, valid for 90 days from the purchase date.

Lost Card Liability

• Coverage up to ₹5 lakh for fraudulent transactions, including skimming and online fraud.

Terms and Conditions:

• Active card usage within 30 days is mandatory for coverage eligibility.
• All claims must be reported to ICICI Lombard within 30 days.

Online Fraud Protection

Coverage includes phishing and unauthorized transactions using card details. Reporting periods are:

• Pre-Reporting: 3 days.
• Post-Reporting: 1 day.

Alternate Lounge Arrangements

Due to BCAS directives, some Plaza Premium Lounges are closed. Alternate arrangements are as follows:

1. New Delhi: Food and beverages are available at T2 and T3.

2. Hyderabad: Services at "The Taste of India" (Domestic and International Terminals).

3. Chandigarh: Services at “Cram Bar” (Domestic and International Terminals).

4. Nagpur: Services at Mandarin Lounge.

For queries, contact customer care at 033-4409-9090.

Final Thoughts

The Bandhan Bank Elite Account is a comprehensive premium banking solution that combines high transaction limits, exclusive privileges, and robust insurance coverage. Whether you're a frequent traveler, investor, or someone who values premium banking, this account caters to all your financial needs.

Would you consider opening the Bandhan Bank Elite Account? Share your thoughts in the comments!