What is the TRV (Total Relationship Value) in banking?
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You are looking for a new bank account. You compare a few options, read about the benefits and then suddenly come across a term you've never paid attention to before – TRV.
So, what is TRV?
The full form of TRV is Total Relationship Value. It sounds technical, but the idea is actually quite simple.
Think of it as the total value of the relationship you have with your bank. Instead of looking at just one account, the bank looks at the average balances you maintain across eligible banking products. These may include your Savings Account, Current Account and Fixed Deposits.
Let's take an example.
Suppose you have a Savings Account and later decide to open a Fixed Deposit with the same bank. Rather than treating them as two separate relationships, the bank may look at the average value of both together. That's your Total Relationship Value.
Why do banks ask you to maintain a TRV?
Every bank has different account types. Some are meant for everyday banking, while others come with additional privileges.
For these premium accounts, banks often ask customers to maintain a certain TRV in banking. It helps them understand the overall relationship instead of looking at just one account balance.
If you meet the required Total Relationship Value, you continue to enjoy the benefits that come with your account.
Is TRV the same as your account balance?
Not really.
Your account balance tells you how much money is available in one account.
Total Relationship Value looks at the combined average balances across eligible banking products.
That's why two customers with the same Savings Account balance may have a different TRV. One of them may also have a Fixed Deposit or another eligible account with the bank.
What about TRV charges?
This is another question people often search for.
The truth is, TRV is not a charge.
It is simply a requirement linked to certain banking programmes or account variants.
If the required TRV is not maintained, some benefits may stop or applicable charges may apply, depending on the account you have. The exact terms are different for every account, so it is always worth checking the product details before opening one.
Knowing how TRV works before opening an account can help you choose the right banking option. It also gives you a clear idea of the balance requirements and the benefits you can expect over time.
How does TRV work in DCB Bank?
Some DCB Bank accounts also use Total Relationship Value to determine eligibility for premium benefits.
TRV for DCB Legends Savings Account
DCB Legends Savings Account has been created especially for resident individuals aged 60 years and above.
To enjoy all the account benefits, you need to maintain a Total Relationship Value of ₹5 Lakh with the bank.
For this account, TRV is calculated using the average balances held by the primary account holder across eligible Savings Accounts, Current Accounts and Fixed Deposits.
The account comes with benefits that are useful for senior citizens, including doorstep banking, free digital banking services, healthcare benefits through Apollo Hospitals, pharmacy and diagnostic benefits through PharmEasy, tele-counselling support through 1to1Help, and locker benefits, subject to the applicable terms and conditions.
A simple way to remember TRV
If someone asks you, "What is TRV in banking?", the easiest answer is this:
It is the total average value of your eligible banking relationship with the bank, not just the balance in one account.
Understanding Total Relationship Value becomes helpful when you are choosing a premium banking programme. It gives you the flexibility to maintain your funds across eligible banking products while continuing to enjoy the benefits linked to your account.
Before opening any account, always check the required TRV, the eligibility criteria and the applicable terms so you know exactly how the account works.
Disclaimer
Information on the website is for informational purposes only and does not constitute financial advice. Readers are advised to consult financial professionals for personalized advice before making decisions. The information on this blog is subject to change without notice and may become obsolete. DCB Bank reserves the right to modify, update, or remove content at any time. Savings Account and Fixed Deposit Interest rates are subject to change without prior notice. DCB Bank shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decision based on the contents and information mentioned in this blog. By accessing and using this blog, users agree to adhere to these terms and conditions. For complete terms and conditions, please click here or to read the complete disclaimer of DCB Bank, please click here
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