Family banking / group benefits for unmarried couples

[CardShard]

For things like maintaining premium banking NRV/MAB at group level, thus sharing premium banking status with partner.

- Is there some bank that allows this by policy?
- Have you had an RM/BM allow this (despite not being allowed as per policy)?
- Do banks ask for proof of relationship?

Please share your experiences on this, even if it doesn't directly answer the questions 🙂

 

[CMGCMG is verified member.]

Indusind partner account doesn't ask for any proof of relationship. Identify proof with different address are allowed.

Axis bank also allows this.

Not sure about other banks.

 

[CardShard]

Axis bank also allows this.

By policy? I couldn't find anything on their portal.
For reference, here's the family banking form, here's the family banking info page. Couldn't find any other T&C page. None of these mention the definition of "family" 😛

Indusind partner account doesn't ask for any proof of relationship. Identify proof with different address are allowed.

Thanks! I'll look into the benefits for this.

 

[TheTrickySid]

For things like maintaining premium banking NRV/MAB at group level, thus sharing premium banking status with partner.

- Is there some bank that allows this by policy?
- Have you had an RM/BM allow this (despite not being allowed as per policy)?
- Do banks ask for proof of relationship?

Please share your experiences on this, even if it doesn't directly answer the questions 🙂

Indus partner is the best suited account according to requirements.
This is a good time to open this account coz indusind bank is running a offer where if you do initial funding of 4L then you get this account at 0 mab and usually the required mab is 1L.

Offer Link: https://www.indusind.com/in/en/personal/offers/savings-account-festive-offers-tnc.html


P.S.: you won't get any RM with this account.

 

[CardShard]

With a little convincing, Axis worked 🙂

 

[Wealth is my birth right!]

With a little convincing, Axis worked 🙂

wow
which variant it is?
hope they wont audit on later date and ask for some more docs...!

 

[CardShard]

Burgundy.

I think most of this is at the branch's discretion. So as long as one has the RM/BM's blessings, all should be good.

 

[CardShard]

The reason I wanted an Axis account is that I want to get some Axis CCs, and I always prefer to have autodebit enabled. Burgundy makes Select LTF (although not sure if Select is worth getting into).

 

[Wealth is my birth right!]

The reason I wanted an Axis account is that I want to get some Axis CCs, and I always prefer to have autodebit enabled. Burgundy makes Select LTF (although not sure if Select is worth getting into).

good plan
try for magnus thats best in terms of rewards

 

[CMGCMG is verified member.]

The reason I wanted an Axis account is that I want to get some Axis CCs, and I always prefer to have autodebit enabled. Burgundy makes Select LTF (although not sure if Select is worth getting into).

Take Select LTF. Select + Magnus is a good combo.

 

[TheTrickySid]

Take Select LTF. Select + Magnus is a good combo.

What if the burgundy status isn't maintained and the account is downgraded.

With select still continue to be LTF??

 

[CMGCMG is verified member.]

What if the burgundy status isn't maintained and the account is downgraded.

With select still continue to be LTF??

Nope. 3000+GST.

 

[Batmanbaba]

Nope. 3000+GST.

That also depends on rm... One or two fd, s works....

 

[Wealth is my birth right!]

That also depends on rm... One or two fd, s works....

select 3k not a deal spend criteria there for waiver.....that 20points/200 is real laddu for retail spends its overtaking magnus