Seeking Premium Family Banking for 10-11 Members Under a Single ID

[theflash]

Hello everyone 👋🏻

I'm seeking advice on a premium banking program in India that can accommodate a large family of 10-11 members under a single 'Family ID' or grouping.

Our Current Situation:

Bank: Axis Bank (Priority Banking)

Setup: We are currently split across two separate Family IDs (each with 1 Primary + 5 Members) to include everyone.


The Challenge: My goal is to consolidate all accounts under a single relationship. I explored upgrading to Axis Burgundy, but the bank has stated they cannot club all 10-11 members under one Burgundy ID.

Alternatives I've Considered:
I've done some initial research, but I'm hitting roadblocks due to the number of members:
HDFC Bank (Imperia): As far as I know, their family grouping is limited to 4-5 members. Can anyone confirm if this has changed recently?

ICICI Bank (Wealth Management): I believe they have similar restrictions on the family size.

IDFC First Bank (Wealth): This seemed like a promising alternative, but my understanding is their policy also caps out at a lower number (around 1+7 members), which is just short of our requirement.

Our Key Requirements:

Number of Accounts: Ability to group 10-11 family member accounts.

Combined Balance: We are planning to maintain a combined Monthly Average Balance (MAB) of ₹5 Lakhs to ₹10 Lakhs across all linked accounts.

My Question: Does any bank in India offer a premium banking program that officially allows for grouping 10-11 family members? Alternatively, has anyone had success negotiating a larger family group with a bank, perhaps by speaking directly with a Branch Head?

Any insights or verified information would be greatly appreciated. If this isn't feasible, I will likely drop the idea of switching banks and continue with our current setup.

Thanks in advance!

PS: Forgot to mention we have 5 NRI and 5 Resident accounts.

 

[ritwik2000]

IDFC might increase the limit basis approval from their higher ups which is kinda easy. Talk to BM and Regional Head.

 

[Talkwithfino]

I've done some initial research, but I'm hitting roadblocks due to the number of members:
HDFC Bank (Imperia): As far as I know, their family grouping is limited to 4-5 members. Can anyone confirm if this has changed recently?

ICICI Bank (Wealth Management): I believe they have similar restrictions on the family size.

Our Key Requirements:

Number of Accounts: Ability to group 10-11 family member accounts.

Combined Balance: We are planning to maintain a combined Monthly Average Balance (MAB) of ₹5 Lakhs to ₹10 Lakhs across all linked accounts.

Given the combined monthly balance you have stated, the two best options would be :

1) Icici Family Banking 360



2) Hdfc Preferred



Also, AFAIK - Icici has an optn (it's not mandatory) where the Primary ID can transact in other Family Linked Accounts - if you DO NOT want this feature, make sure to avoid signing for this when enrolling in Family Banking.

In Hdfc, I think the Monthly email Statement Pdf is only sent to Primary ID - just check this part with the Branch.

 

[hender]

Hello everyone 👋🏻

I'm seeking advice on a premium banking program in India that can accommodate a large family of 10-11 members under a single 'Family ID' or grouping.

Our Current Situation:

Bank: Axis Bank (Priority Banking)

Setup: We are currently split across two separate Family IDs (each with 1 Primary + 5 Members) to include everyone.


The Challenge: My goal is to consolidate all accounts under a single relationship. I explored upgrading to Axis Burgundy, but the bank has stated they cannot club all 10-11 members under one Burgundy ID.

Alternatives I've Considered:
I've done some initial research, but I'm hitting roadblocks due to the number of members:
HDFC Bank (Imperia): As far as I know, their family grouping is limited to 4-5 members. Can anyone confirm if this has changed recently?

ICICI Bank (Wealth Management): I believe they have similar restrictions on the family size.

IDFC First Bank (Wealth): This seemed like a promising alternative, but my understanding is their policy also caps out at a lower number (around 1+7 members), which is just short of our requirement.

Our Key Requirements:

Number of Accounts: Ability to group 10-11 family member accounts.

Combined Balance: We are planning to maintain a combined Monthly Average Balance (MAB) of ₹5 Lakhs to ₹10 Lakhs across all linked accounts.

My Question: Does any bank in India offer a premium banking program that officially allows for grouping 10-11 family members? Alternatively, has anyone had success negotiating a larger family group with a bank, perhaps by speaking directly with a Branch Head?

Any insights or verified information would be greatly appreciated. If this isn't feasible, I will likely drop the idea of switching banks and continue with our current setup.

Thanks in advance!

All are single a/c I suppose,
The Family -product designed and distributed keeping in mind of small nuclear family or max of in-laws kind.
You can reach to higher authority with your requirement...

10-12 Account+ Balance is not easy to ignore...

 

[SilentVoyager]

ICICI Allows grouping of upto 10 family members starting from Family 360 programme (So it's 11 accounts under a ID including yours). HDFC allows grouping 8 family members (9 accounts including yours). Indusing also has similar benefits.

 

[theflash]

ICICI Allows grouping of upto 10 family members starting from Family 360 programme (So it's 11 accounts under a ID including yours). HDFC allows grouping 8 family members (9 accounts including yours). Indusing also has similar benefits.

Actually ICICI doesn't allow grouping of NRI and Resident also I have wealth Acct I tried contacting RM she said only 1+5 can be done.

 

[theflash]

Forgot to mention we have 5 NRI and 5 Resident accounts.