A family that stays and performs banking activities together remains attached. While having one is a blessing, we should not underestimate their sacrifices and love. Many banks have understood this concept and brought tailored services to the table. Whether you have a spouse, parent, partner, or child, you can include them in family privileges.
If you or your immediate family member holds an account with the bank, you can opt for a Family Banking relationship. You and your loved one must maintain a Total Relationship Value of Rs. 30 lakh or more for enjoying the benefits. Here are the benefits associated with it:
Travel privileges
Travelling with your family is the best experience. You and your loved ones can avail of several personalised and exclusive services while travelling, including airport pick-up and drop-off services, complimentary lounge access at select domestic and international airports, and global travel assistance.
Family privileges
Banks also offer plenty of family privileges to their customers, such as doorstep banking, global medical assistance, and educational concierge for your children. By opening a Priority Account, you and your family can enjoy exclusive access to investment seminars, movie premieres, and curated events with industry experts.
Beyond banking privileges
By opening a Family Bank Account, you get assistance and services beyond the duties, such as expert recommendations for tax, trust, estate planning, property, and legal advice in partnership with reputed partners. If you have an account with the bank, you can reach out to the dedicated relationship manager for assistance.
Eligibility and requirements
The bank calculates the Total Relationship Value or TRV of the entire family, including the aggregate of average quarterly account balances, savings, investments, period Term Deposits, Insurance, and Mortgage Loan outstanding. 40% of the Home Loan or Loan Against Property is also considered towards TRV. Once you meet the minimum TRV requirements, the features and benefits of Family Banking services extend to all members added to the account.
Documents required
To access the benefits available under Family Banking, reach out to your Relationship Manager and ask for your family members to be clubbed into a banking relationship. Your Relationship Manager will guide you through the rest of the process.
Privileges offered
You can access numerous Premium Banking benefits and 40+ lifestyle privileges related to travel, medical assistance, education, and much more. Various modes of requesting the above-listed services include fax, e-mail, and telephonic instructions initiated by self, Branch Customer Service personnel, or Relationship Managers.
Online facilities
With so many technological advancements, banks have also revolutionised their processes. You can now open an online Bank Account or submit an online account opening application. It reduces the hassle of excessive paperwork and frequent trips to the bank. Track the application status from the bank website or smartphone application at any time and from anywhere.
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