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What is a family bank account called?

Joint bank accounts are an ideal option for couples, business partners, and parents with and children who want to share access to their money, but its important to only open an account with someone you trust.

What is family banking in Axis Bank?

Under this program, you can open individual savings account 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.

What is family banking?

Family Banking is a product in ICICI Bank that allows individual members in a family to group all their respective accounts under one Family Savings Account or Family Id. These accounts can be Savings Account, Fixed Deposit, Recurring Deposit, etc.

How many members can be added in family banking?

If you opt for Family Banking, you can add up to 4 accounts. What is the combined minimum monthly average balance (MAB) requirement for family Savings Account?

How do I add a family member to my bank account?

To add an authorized signer to an account, both you and the individual will usually need to go the bank to fill out an application and provide proper identification. There may be other conditions or terms specific to your bank, so its best to inquire in advance.

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