| Family Type |
Monthly Average balance requirements |
NMAB# charges |
|---|
NRI Select family Banking
|
Maintain Deposits* + Account Balance of ₹ 7.5 Lac OR Deposits* + Account Balance + Mutual funds AUM^ + Demat holdings of ₹ 75 Lac
|
6% of Shortfall up to ₹ 500
|
NRI Premium family banking
|
Maintain Deposits* + Account Balance of ₹ 37.5 Lac OR Deposits* + Account Balance + Mutual funds AUM^ + Demat holdings of ₹ 1.5 Cr
|
6% of Shortfall up to ₹ 500
|
NRI Private family banking
|
Maintain Deposits* + Account Balance of ₹ 75 Lac or Deposits* + Account Balance + Mutual Funds AUM^ + Demat holdings of ₹ 7.5 Cr
|
6% of Shortfall up to ₹ 500
|
**Deposits include Fixed Deposits/Recurring Deposits
^AUM- Mutual Funds Assets under Management
#Non-Maintenance of minimum Monthly average balance
Only Savings Account holders (excluding No Frills, HUF, and Current Accounts) are eligible for Family Banking.
Accounts like Advantage Woman Savings, Senior Citizen Savings, and Youngstars Savings can be included.
Family ID will be dissolved if the MIB is not maintained for consecutive months.
