Organisation : Axis Bank
Facility : Family Banking
Family Banking : https://www.axisbank.com/
Website : http://www.axisbank.com/
Axis Bank Family Banking
** With Axis Bank Family Banking program, you can now collectively fulfil the banking needs of everyone in your family.
Related : Axis Bank Mobile Banking : www.statusin.in/20636.html
** Under this program, you can open individual savings accounts for each of your family members and link them together as a family
** If any of your family members already have Axis Bank accounts, you can simply link them under your Family ID and open new accounts for the rest.
With this program you & your family can avail special privileges like:
Choice of Family type :
Every family is unique.
Choose and pick the family type that suits your family needs the best:
** Prime family
** Prime Plus family
** Priority Family
** Burgundy family
The Family type will be decided based on the type of account held by the Primary Account Holder.
Specialised accounts for everyone :
Besides choosing your Family type, you also have the freedom to choose a specialized Savings Account for each of your family members – Youth account for young adults, Future stars account for children, Ladies First & Women’s account for women, Senior Privilege account for senior citizens etc.
Reduced common balance requirements :
By subscribing to this program, you only need to maintain a Family account balance rather than individual account balances. The Family account balance is based on your family type & location, and can be referenced from the table below:
| Family Type | Region | Balance requirement across all family accounts |
|---|---|---|
| Prime | Metro/Urban | Monthly Balance of Rs. 25,000 |
| Semi-Urban | Monthly Balance of Rs. 10,000 | |
| Rural | Half Yearly Average Balance of Rs 10,000 | |
| Prime Plus | All | Monthly Balance of Rs. 1 Lakh (OR) a Total Relationship Value of Rs.5 Lakhs across Savings account and Fixed Deposits* |
| Priority | All | Quarterly Balance of Rs. 2 Lakhs in savings account (OR) Rs.5 Lakhs across Savings and Current accounts OR Rs.15 Lakhs across Savings account, Current account and Fixed Deposits* |
| Burgundy | All | Quarterly Balance of Rs. 10 Lakhs in Savings account (OR) Rs.10 Lakhs across Savings and Current accounts OR Rs.30 Lakhs across Savings account, Current account, Fixed Deposits* and Investments |
* Only Fixed Deposits with a minimum tenure of 6 months will be considered
Note: In case the Primary member is a Prime Salary, Priority Salary or Burgundy Salary account holder, zero balance facility will be extended to all 3 add-on family accounts.
Special Rewards
** Earn eDGE Loyalty Rewards points additionally on special occasions and for balance maintenance / transactions.
** eDGE points earned can be redeemed against our catalogue of over 500 fabulous items.
** Also, you can view the eDGE points earned by all your family members collectively.
** Zero balance facility for the 3 add-on family accounts will not be applicable, if the primary member ceases to be a salary account holder
Reward points on Occasions :
| Accelerated earns on Savings Account – Points credited to individual family member or initiator | ||||
|---|---|---|---|---|
| Constraints | 25K – 1L Family Balance Tier | 1L – 5L Family Balance Tier | > 5L Family Balance Tier | |
| Family member addition | Up to 3 family members | 100 points | 200 points | 300 points |
| Account Deposits amounting to >= Rs. 50,000 | Up to 4 family members/month | 25 points | 50 points | 75 points |
| ECS Transaction | Up to 4 family members/month | 5 points | 10 points | 25 points |
| SI Transaction | Up to 4 family members/month | 5 points | 10 points | 25 points |
| Open Recurring Deposit >= 2000 | Up to 4 family members | 100 points | 200 points | 300 points |
| Open Axis Direct Account | Up to 4 family members | 400 points | 800 points | 1200 points |
| Inter family fund transfer | Up to 2 per family/month | 25 points | 50 points | 75 points |
| Earns on Family Celebrations – Points credited to primary family member | ||||
|---|---|---|---|---|
| Constraints | 25K – 1L Family Balance Tier | 1L – 5L Family Balance Tier | > 5L Family Balance Tier | |
| Take any 1 menu action in your Birthday month | Up to 4 family members | 50 points | 100 points | 150 points |
| Take any 1 menu action in Festival month | Up to 4 family members December | 50 points | 100 points | 150 points |
Pricing Benefits :
Get an additional discount of 10% on Lockers & Demat Accounts by subscribing to this program
Shared Relationship Manager :
If your Family type is Priority or Burgundy, the benefits and privileges offered by your Relationship Manager will be extended to all your family members
Family Name :
Create a legacy for your family with the bank. Choose a Family Name and we shall carry it in all your communications with you
FAQ On Axis Bank Family Banking
Here are some FAQ on Axis Bank Family Banking:
What is Axis Bank Family Banking?
Axis Bank Family Banking is a program that allows you to link your Axis Bank accounts with the accounts of your family members. This allows you to share funds, manage your finances together, and get access to exclusive benefits.
What are the benefits of Axis Bank Family Banking?
There are a number of benefits to Axis Bank Family Banking, including:
** Shared funds: You can share funds between your accounts and the accounts of your family members. This makes it easy to pool money together for shared expenses, such as rent, groceries, and vacations.
** Joint management: You can jointly manage your finances with your family members. This means that you can all see each other’s transactions and make decisions together about your finances.
** Exclusive benefits: Axis Bank Family Banking members get access to exclusive benefits, such as discounts on travel, dining, and shopping.
How do I join Axis Bank Family Banking?
You can join Axis Bank Family Banking by visiting an Axis Bank branch or by calling the Axis Bank customer care number. You will need to provide the following information:
** Your name
** Your PAN number
** The names and PAN numbers of your family members
** The account numbers of your Axis Bank accounts
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