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Family Banking is a product from ICICI Bank that lets individual family members, group their respective Accounts (Savings Accounts, Fixed Deposits, Recurring Deposits, etc.) under one Family Savings Account or Family ID. With one Family Savings Account, you can enjoy the convenience of banking any time and from anywhere or complete routine transactions like Bill Payment, FD Creation and Balance Enquiry through multiple channels like Internet Banking, Mobile Banking or Customer Care.
Instant Account Opening
Exciting Offers & Discounts
Earn Reward Points on your Debit Card
Secure Internet & Mobile Banking
15,000+ ATMs all across India
Benefits & Features
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Feel Superior
Let your entire family enjoy our special services such as the Privilege Banking Programme, Wealth Management, Private Banking and Salary Banking. You can maintain the minimum balance required in one or together in multiple Accounts, held by your family members.
Single Family Bank
Your entire family can address diverse banking needs with an umbrella Bank Account.
Flexibility to maintain Total Relationship Value across Family Accounts
The flexibility to maintain threshold across any/all Accounts linked to the same Family ID i.e., Total Relationship Value can be maintained at a Family level and need not be maintained at an individual Account level.
Choice of Accounts
Your entire family is entitled to exclusive offers and benefits on an array of Family Account variants such as Privilege Programme, Wealth Management, Private Banking and Salary Family.
Taxation
This Account has no Tax implication.
Offers Near You
With family banking, get freedom from spending limits and gain access to various Debit Card offers for yourself and your family. You and your family members can avail various offers on ICICI Bank Debit Card while shopping, travelling and much more.
To view the list of our 5,000+ offers, click here.
Interest Rates and Eligibility
Interest Rates
- 3% - 3.5% per annum.
Eligibility
- Resident Indian ICICI Bank Savings Account holders (Existing or New) except for Basic Savings Accounts, OTP & No Frills Accounts
- Only Savings Accounts, Advantage Woman Savings Accounts, LifePlus Senior Citizen Savings Accounts and Young Stars Savings Accounts can be part of Savings Family
- A minimum of two members and a maximum of ten members can form a Family Banking relationship with ICICI Bank
- Family members include parents, spouses, children, grandparents, grandchildren, parents-in-law and siblings.
To start the Family Banking relationship, you need to submit the Family Banking form.
To know more, visit any ICICI Bank Branch or call our Customer Care.
Variants For Family Banking
Private Banking Family
All your family members can enjoy ICICI Bank Private Banking Family services. At least one of the members of your family should hold a Private Banking Account with ICICI Bank and this premium service will be extended to all the members of the family. To avail of this service, all you need to do is start a Family Banking relationship with ICICI Bank.
Wealth Management Family
All your family members can enjoy ICICI Bank Wealth Management services. At least one of the members of your family should hold a Wealth Management Account with ICICI Bank and this premium service will be extended to all the members of the family. To avail of this service, all you need to do is start a Family Banking relationship with ICICI Bank.
Privilege Banking Programme
Link your family members’ Accounts to the same ICICI Bank Family Savings Account and extend the superior banking benefits of a Privilege Banking Account to everyone. Your entire family can address a diverse range of banking needs with a single 'Family' Account. Bank together and let your family members avail a host of exclusive family-centric features and offers. At least one of the members of your family should hold a Privilege Programme Account with ICICI Bank and this premium service will be extended to all the members of the family.
Salary Family
All your family members can enjoy ICICI Bank Salary Family services. The Primary member of your family should hold a Salary Account with ICICI Bank and this premium service will be extended to all the members of the family. To avail of this service, all you need to do is start a Family Banking relationship with ICICI Bank.
Family Banking FAQs
The key benefits of Family Banking include the following:
- Pricing benefit: The minimum MAB required to be maintained at the Family ID level is much lower than the MAB required to be maintained at the individual Customer ID level to avail of the same product benefits. Illustration: The minimum required MAB for a Gold Privilege Account is Rs. 50,000 and the minimum required FMAB for a Gold Privilege Family is Rs. 1,00,000. If 4 members of a family group together to form a Gold Privilege Family, then the minimum balance required to be maintained per person is Rs. 25,000. This is much lower than the MAB of Rs. 50,000 required to be maintained at the individual level.
- Flexibility to maintain balances across accounts: Family Banking provides the flexibility to maintain the required minimum balance in any one or more of the accounts which are linked under the same Family ID.
- Privilege benefits to all members: Family Banking makes the superior product benefits of an upgraded status available to all members of the family linked under the Family ID while the required minimum balance can be maintained in any one of the accounts.
- All banking needs are catered to by a single 'Family' Bank.
Only Savings Account holders, with the exception of the No Frills, HUF and NRI Account holders are eligible to form the Family ID. Account holders who have only Fixed Deposit or Recurring Deposit Accounts are not eligible to form a Family ID under Silver Family, Gold Privilege Family, Titanium Privilege Family, Wealth Management Family or GPC Family.
Only Savings Account, Advantage Woman Savings Account, Senior Citizen Savings Account and Youngstars Savings Account are eligible to form the Family ID, under Savings Family.
Yes, two Savings Account holders can form a Savings Account Family ID.
