A Premium Account is a special type of bank or service account that offers enhanced features, higher limits, and exclusive benefits compared to a regular account, usually for a higher fee or minimum balance.
Premium Accounts are designed for customers who maintain higher balances or pay subscription fees. These accounts provide priority services, better rewards, and exclusive privileges.
Banks offering such accounts operate under regulations of the Reserve Bank of India.
"A customer maintaining ₹10 lakh in a premium savings account gets priority service, free transactions, and airport lounge access"