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Please read the full thread you may like this account
Account name- IND FAMILY
There is no mention of number of accounts that can be linked in a Group.
Definition of Family: A family is defined as Spouse, Parents. Grand Parents, Father-in-Law, Mother-in-Law Children (Son, daughter), Son-Law & Daughter-in-Law of the primary account holders.
VARIANT AND ITS MAB- Diamond(50k), ruby(200k), emerald ( 500k)
The benefits across these variant are same as hdfc classic, preferred, imperia (means all the 3 variant provide same benifits)
FAMILY MONTHLY AVERAGE BALANCE-Minimum Monthly Average balance for the IND Family S8 Account in defined at the family level and the MAB maintained MAB)n the individuals accounts linked to the Family ID will be grouped and the same will be termed as "Familly Monthly Average Balance (FMAB)
Alternative to MAB is FD- Diamond(5L),Ruby(10L), emerald (20L)
So anyone have FDs in this bank can opt for this family account.
CHEQUE BOOK- Free only for the primary account holder
Debit card- Eligible for all Types of Debit Cards with AMC Free only for Rupay Platinum Card. (Only for the Primary Account opened under IND Family Variant)
Credit card - All Family members linked to the Family ID will be eligible for Credit Cards with a maximum limit of Rs 10.00 lacs with Zero joining fees and 4 free add on cards subject to Bank's Eligibility norms.
So with Indian Bank rupay credit card you get 1% unlimited cashback and getting rupay select cc with 4 add on card with nil fees is cherry on top.
Term life insurance -
Group Term Life Insurance (GTLI) for 1st year will be offered to any one of the eligible family members aged between 18 years-35 years whose Savings Account is linked to Family ID.
DIAMOND - 5L
RUBY - 10L
EMERALD -15L
Insurance cover will be valid only for one year from the next month of linking the SB Account of under Family ID and Renewal of insurance for the next year will be subject to fulfillment of terms & condition of the scheme at Bank's Discretion,
Insurance Coverage will be available till the account is linked to Family ID scheme Thus, Insurance cover will not be available in case the account of the covered member has been delinked from the Family ID..
Retail loans- 100% waiver of Processing Fees on Retail Loans (Housing & Vehicle Loans) for family members linked to Family ID
Now there are few more things not that important I have attached the link below you can check it out.
www.indianbank.in
Now what's so special about this account?
-> i would say not that much but 2 benefits are good one being all the family members are eligible to get the credit card now you all will say they have written that bank will approve the card if they fullfill the bank norms but in Indian Bank you can get a credit card by just having a cibil score nothing more than this. You don't need to submit itr or anything and the second benefit is term life insurance.
Should you open this account?
-> 1)if you have any existing FDs in this bank or u r thinking to book a fd then you should definitely consider this account variant.
2) if you are struggling to get your first cc or looking for rupay select cc benefits with 4 add ons then you should definitely consider opening this account.
Tagging some of the legends of this community @Ram1 @2025 @Anupama_Jha @desiviru @SJM @dvader @Strange @6ix9ine @s1t2y3a3m6 @pinki @Abhishek012
Account name- IND FAMILY
There is no mention of number of accounts that can be linked in a Group.
Definition of Family: A family is defined as Spouse, Parents. Grand Parents, Father-in-Law, Mother-in-Law Children (Son, daughter), Son-Law & Daughter-in-Law of the primary account holders.
VARIANT AND ITS MAB- Diamond(50k), ruby(200k), emerald ( 500k)
The benefits across these variant are same as hdfc classic, preferred, imperia (means all the 3 variant provide same benifits)
FAMILY MONTHLY AVERAGE BALANCE-Minimum Monthly Average balance for the IND Family S8 Account in defined at the family level and the MAB maintained MAB)n the individuals accounts linked to the Family ID will be grouped and the same will be termed as "Familly Monthly Average Balance (FMAB)
Alternative to MAB is FD- Diamond(5L),Ruby(10L), emerald (20L)
So anyone have FDs in this bank can opt for this family account.
CHEQUE BOOK- Free only for the primary account holder
Debit card- Eligible for all Types of Debit Cards with AMC Free only for Rupay Platinum Card. (Only for the Primary Account opened under IND Family Variant)
Credit card - All Family members linked to the Family ID will be eligible for Credit Cards with a maximum limit of Rs 10.00 lacs with Zero joining fees and 4 free add on cards subject to Bank's Eligibility norms.
So with Indian Bank rupay credit card you get 1% unlimited cashback and getting rupay select cc with 4 add on card with nil fees is cherry on top.
Term life insurance -
Group Term Life Insurance (GTLI) for 1st year will be offered to any one of the eligible family members aged between 18 years-35 years whose Savings Account is linked to Family ID.
DIAMOND - 5L
RUBY - 10L
EMERALD -15L
Insurance cover will be valid only for one year from the next month of linking the SB Account of under Family ID and Renewal of insurance for the next year will be subject to fulfillment of terms & condition of the scheme at Bank's Discretion,
Insurance Coverage will be available till the account is linked to Family ID scheme Thus, Insurance cover will not be available in case the account of the covered member has been delinked from the Family ID..
Retail loans- 100% waiver of Processing Fees on Retail Loans (Housing & Vehicle Loans) for family members linked to Family ID
Now there are few more things not that important I have attached the link below you can check it out.
IND FAMILY – Indian Bank | Your Own Bank :: Financial services company
Family savings, Family SB, Family Saving account, Group SB, Savings Family
Now what's so special about this account?
-> i would say not that much but 2 benefits are good one being all the family members are eligible to get the credit card now you all will say they have written that bank will approve the card if they fullfill the bank norms but in Indian Bank you can get a credit card by just having a cibil score nothing more than this. You don't need to submit itr or anything and the second benefit is term life insurance.
Should you open this account?
-> 1)if you have any existing FDs in this bank or u r thinking to book a fd then you should definitely consider this account variant.
2) if you are struggling to get your first cc or looking for rupay select cc benefits with 4 add ons then you should definitely consider opening this account.
Tagging some of the legends of this community @Ram1 @2025 @Anupama_Jha @desiviru @SJM @dvader @Strange @6ix9ine @s1t2y3a3m6 @pinki @Abhishek012
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