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Official Thread - ICICI Family 360 Account

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Yes, you can add family members but primary holder should have Family 360 code.
For Family 360 code, atleast 2 accounts needed. So from 3rd account you can add online.

I checked through it too but it said already family linked. Still family dc didn't get delivered. That's why had to go offline way.
I can see that both of you have successfully opened Family 360 accounts. Would you mind sharing some knowledge and your opinion on the below please -

1. If there is a single Joint account, then can it be converted into Family 360 account?
The joint account is between family and we have two basic debit cards linked to that account but only one mobile number is registered. They told us you can't have two mobile numbers so their mobile app can be installed and accessed only from one mobile phone

2. If a joint account cannot be converted into a Family 360 account then any idea if it would need two more accounts or just one more account combined with joint account will do?
The idea is to get it done before July so as to not be charged for the DC fees that I read about above

3. I do not have any ICICI CC or salary account (courtesy of my current company not listed with them) but we do have savings + deposits maintained with them over the threshold amount they have mentioned for Family 360 on their website (which if I recall correctly is about 5L) so the question is that if we get Family 360 account basis this eligibility then does that mean it can be 0 MAB? Or alternatively, if we get Family 360 account and I eventually get a CC with credit limit greater than 4L then later on if the account has a 0 MAB it won't be a problem (either by way of penalty or downgrade etc.)?
 
I can see that both of you have successfully opened Family 360 accounts. Would you mind sharing some knowledge and your opinion on the below please -

1. If there is a single Joint account, then can it be converted into Family 360 account?
The joint account is between family and we have two basic debit cards linked to that account but only one mobile number is registered. They told us you can't have two mobile numbers so their mobile app can be installed and accessed only from one mobile phone

2. If a joint account cannot be converted into a Family 360 account then any idea if it would need two more accounts or just one more account combined with joint account will do?
The idea is to get it done before July so as to not be charged for the DC fees that I read about above

3. I do not have any ICICI CC or salary account (courtesy of my current company not listed with them) but we do have savings + deposits maintained with them over the threshold amount they have mentioned for Family 360 on their website (which if I recall correctly is about 5L) so the question is that if we get Family 360 account basis this eligibility then does that mean it can be 0 MAB? Or alternatively, if we get Family 360 account and I eventually get a CC with credit limit greater than 4L then later on if the account has a 0 MAB it won't be a problem (either by way of penalty or downgrade etc.)?
Answers to your query:

1. Big no
2. Yes, atleast 2 accounts needed (1 primary + 1 member). If you already have an account then just 1 more account needed and can be enrolled for Family 360.
3. Yes the account is 0 MAB. You just need to maintain the declared requirements. Let say if you met with CC limit then no need to think of other thing or if you met with deposits then no need to think of other thing.
 
Answers to your query:

1. Big no
2. Yes, atleast 2 accounts needed (1 primary + 1 member). If you already have an account then just 1 more account needed and can be enrolled for Family 360.
3. Yes the account is 0 MAB. You just need to maintain the declared requirements. Let say if you met with CC limit then no need to think of other thing or if you met with deposits then no need to think of other thing.
Thanks for the prompt revert!

  1. So joint accounts are not eligible. I was suspecting the same but the AI reply on Google Search got my hopes high lol
  2. So you are suggesting that the joint account itself counts as one account and only one other account is required. I don't know though, logically, will they consider a joint account of A + B and then a second account of B without asking to have the name of B removed from the joint account of A + B.
  3. Got it. So those are running set of requirements and are evaluated actively instead of just at account opening so as long as a single criteria is fulfilled at some point it doesn't matter if other criteria are left out, even if it was a different criteria earlier and then a different fulfilment criteria now.
I suppose only way for me to now go about it is to go to a branch and pray to God that it happens despite the fact that I am not hoping/asking for anything against their rules etc. The timeline given July is only couple of weeks away makes it even more interesting. Well.

On a side note - while I am not married, I am thinking this offers the same/better level of protection to funds of family members like parents just as a joint account where parents are primary or first holders? This is the context of alimony as to how even family members money and properties get involved. Just asking incase anybody knows or has thought about it 🙄
 
Thanks for the prompt revert!

  1. So joint accounts are not eligible. I was suspecting the same but the AI reply on Google Search got my hopes high lol
  2. So you are suggesting that the joint account itself counts as one account and only one other account is required. I don't know though, logically, will they consider a joint account of A + B and then a second account of B without asking to have the name of B removed from the joint account of A + B.
  3. Got it. So those are running set of requirements and are evaluated actively instead of just at account opening so as long as a single criteria is fulfilled at some point it doesn't matter if other criteria are left out, even if it was a different criteria earlier and then a different fulfilment criteria now.
I suppose only way for me to now go about it is to go to a branch and pray to God that it happens despite the fact that I am not hoping/asking for anything against their rules etc. The timeline given July is only couple of weeks away makes it even more interesting. Well.

On a side note - while I am not married, I am thinking this offers the same/better level of protection to funds of family members like parents just as a joint account where parents are primary or first holders? This is the context of alimony as to how even family members money and properties get involved. Just asking incase anybody knows or has thought about it 🙄
Buddy. Joint accounts not eligible for Family 360. You need 2 individual accounts.
 
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Thanks for the prompt revert!

  1. So joint accounts are not eligible. I was suspecting the same but the AI reply on Google Search got my hopes high lol
  2. So you are suggesting that the joint account itself counts as one account and only one other account is required. I don't know though, logically, will they consider a joint account of A + B and then a second account of B without asking to have the name of B removed from the joint account of A + B.
  3. Got it. So those are running set of requirements and are evaluated actively instead of just at account opening so as long as a single criteria is fulfilled at some point it doesn't matter if other criteria are left out, even if it was a different criteria earlier and then a different fulfilment criteria now.
I suppose only way for me to now go about it is to go to a branch and pray to God that it happens despite the fact that I am not hoping/asking for anything against their rules etc. The timeline given July is only couple of weeks away makes it even more interesting. Well.

On a side note - while I am not married, I am thinking this offers the same/better level of protection to funds of family members like parents just as a joint account where parents are primary or first holders? This is the context of alimony as to how even family members money and properties get involved. Just asking incase anybody knows or has thought about it 🙄
Answer to your side note:

If you want to opt for --> Primary account can see & do the transaction from other member accounts --> Yes, you can do via Family 360 (All the members consent needed once on paper).
If you want privacy and just want to share the benefits --> Yes, you can do it with Family 360 (Primary holder can't see or do any transactions from member accounts).
 
  • Like
Reactions: y2k
Thanks for the prompt revert!

  1. So joint accounts are not eligible. I was suspecting the same but the AI reply on Google Search got my hopes high lol
  2. So you are suggesting that the joint account itself counts as one account and only one other account is required. I don't know though, logically, will they consider a joint account of A + B and then a second account of B without asking to have the name of B removed from the joint account of A + B.
  3. Got it. So those are running set of requirements and are evaluated actively instead of just at account opening so as long as a single criteria is fulfilled at some point it doesn't matter if other criteria are left out, even if it was a different criteria earlier and then a different fulfilment criteria now.
I suppose only way for me to now go about it is to go to a branch and pray to God that it happens despite the fact that I am not hoping/asking for anything against their rules etc. The timeline given July is only couple of weeks away makes it even more interesting. Well.

On a side note - while I am not married, I am thinking this offers the same/better level of protection to funds of family members like parents just as a joint account where parents are primary or first holders? This is the context of alimony as to how even family members money and properties get involved. Just asking incase anybody knows or has thought about it 🙄
Regarding alimony issue by our biased courts, any money that shows in your family accounts or Itr will be seen as family income so better hide that online income as much as possible. Keep your savings as Gold and save it somewhere as emergency cash for you. Never disclose it to your future wife except parents.
 
Answers to your query:

1. Big no
2. Yes, atleast 2 accounts needed (1 primary + 1 member). If you already have an account then just 1 more account needed and can be enrolled for Family 360.
3. Yes the account is 0 MAB. You just need to maintain the declared requirements. Let say if you met with CC limit then no need to think of other thing or if you met with deposits then no need to think of other thing.
Yes,
Through branch, we can sign a form where 1 main member can see all other members' accounts in imobile if they all give consent. Otherwise Family 360 comed with complete privacy with other accounts. That above form is completely separate from this.
 
Buddy. Joint accounts not eligible for Family 360. You need 2 individual accounts.
Oh well then I will have to open two more accounts. I just noticed the joint account is a privilege level account. Not sure when that happened lol. Wonder what we will do with that account then. I am sure they will say keep it and open two more accounts. I will explore if it can b converted to a single account and then with one new account tat should do it.
Answer to your side note:

If you want to opt for --> Primary account can see & do the transaction from other member accounts --> Yes, you can do via Family 360 (All the members consent needed once on paper).
If you want privacy and just want to share the benefits --> Yes, you can do it with Family 360 (Primary holder can't see or do any transactions from member accounts).

Yes,
Through branch, we can sign a form where 1 main member can see all other members' accounts in imobile if they all give consent. Otherwise Family 360 comed with complete privacy with other accounts. That above form is completely separate from this.
This is interesting. If done once is there an option to change it later? It makes sense to have Primary account for parents to look after the account of their minors or young children, even youth in some cases and then the other scenario where a child can look after the account of their parents or grand parents who are senior citizens and don't want to deal with the digital stuff too much. But this takes me to the next point.

Regarding alimony issue by our biased courts, any money that shows in your family accounts or Itr will be seen as family income so better hide that online income as much as possible. Keep your savings as Gold and save it somewhere as emergency cash for you. Never disclose it to your future wife except parents.
Ouch. I never thought of it that way but then ideally property or money on somebody elses name is theirs even if they share the family name. I don't know, tricky. Absolute trash that our banks aren't very fluid and dynamic so as to go through all the hassle of these changes and paperwork.
 
I just noticed that the July deadline doesn't really matter since they are revising charges for all - including older accounts given their TnC hat I was just going through. And that Titanium Debit card will attract some charges anyway. Refer to the attached images here.
 

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