Family Banking is a product in which individual members of a family can group their respective relationships (Savings Account, Fixed Deposit, Recurring Deposit) under a single ID called the 'Family ID'. ICICI Bank Family Banking lets your family enjoy all the benefits of Privilege Banking. All you have to do is link your family members' accounts with your Privilege Savings Account.
Help your entire family enjoy the advantages of our special services through Privilege Banking. You need to maintain a lower minimum monthly average balance at the family level. Each family member doesn’t need to maintain minimum balance individually.
Family Banking provides you with following benefits:
Lower minimum balance requirement at individual customer level
The minimum Monthly Average Balance (MAB) required to be maintained at the Family ID level is much lower than the MAB required to be maintained at the individual CUST ID level by each of the family members to avail of the same product benefits.
Access to superior benefits for the entire family
Family Banking makes the superior product benefits of Privilege Banking available to all the members of your family while the required minimum balance can be maintained in any one of the accounts.
Flexibility to maintain balances across account
You now have the flexibility of maintaining the required minimum balance in any one (or more) of the accounts that members of your family hold with ICICI Bank.
Single Family Bank
All your banking needs can now be catered to by a single 'Family' bank.