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One Family Account, Multiple Benefits
One Family Account, Multiple Benefits
  1. Accounts and Deposits
  2. Family Banking

Get more benefits from banking together as a family

Avail benefit of Combined Family Monthly Average Balance and banking solutions to suit every family member’s needs

Benefits of Family Banking
  • with Combined Family Monthly Average Balance (MAB)*

  • with flexibility to maintain MAB in anyone (or more) accounts

  • on first year locker fee and up to 25% from second year onwards**

Benefits

International Debit Card

Globally accepted debit card for each account holder with a daily withdrawal and purchase limit of INR 2,00,000 each

Combined Family Monthly Average Balance

Enjoy the freedom of having an individual savings account, with the benefits of Combined Family Monthly Average Balance (MAB)

Enjoy free cash withdrawals at Standard Chartered India ATMs

No charges on cash withdrawal transactions across all Standard Chartered ATMs in India

Senior Citizen Benefits

Get additional 0.5% p.a. interest on booking a Term or Recurring Deposits for Senior Citizens
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With Standard Chartered Family Banking Saving Account proposition, upto 4 accounts of a family can be tagged under a household and enjoy the benefits of combined Monthly Average Balance maintenance.

You can opt for any of the 2 variants.
1) Standard Chartered Prime Family Savings Account
2) Standard Chartered SuperValue Family Saving Account

With Family Banking Savings Account proposition, you get to enjoy all the applicable benefits of the Savings Account you have opted for by maintaining Combined Family Monthly Average Balance.

For ease of understanding, please refer to the below table created for illustration purposes:

                 

Prime Family Banking Savings Account*
Monthly Average Balance (MAB)  to be maintained for the account INR 2,00,000/-
If you opt for Family Banking, you can add up to 4 accounts.
1. Prime Savings Account 2,00,000
2. Prime Savings Account 2,00,000
3. Super Value Account 50,000
4. Super Value Account 50,000
Total  MAB  if account wise option is taken 5,00,000
Combined Family MAB to be maintained 2,50,000
                                   
Super Value Family Banking Savings Account*
Monthly Average Balance (MAB)  to be maintained for the account INR 50,000/-
If you opt for Family Banking, you can add up to 4 accounts.
1. Super Value Savings Account 50,000
2. Super Value Savings Account 50,000
3. AxcessPlus Account 25,000
4. AxcessPlus Account 25,000
Total  MAB  if account wise option is taken 1,50,000
Combined Family MAB to be maintained 80,000

The combined minimum monthly average balance (MAB) requirement is
1) Standard Chartered Prime Family Savings Account – INR 250,000/-
2) Standard Chartered SuperValue Family Saving Account – INR 80,000/-

  • Single Family Bank – catering to all Banking needs of family.
  • Maintaining Lower Monthly Average Balance at Family Level.
  • Flexibility of maintaining the required Monthly average balance in any one (or more) of accounts
  • Unlimited SCB ATM transactions
  • International Debit Card
  • Get rewards points on use of International Debit Card. Redeem the same to get exciting gift & vouchers.
  • Benefit to Senior Citizen on Term Deposit & Recurring Deposit

A family is defined as an individual, spouse, his/her parents, siblings and kids

Following accounts can be linked under SuperValue Family Saving Account:
1- SuperValue Savings Account
(Up to 2 accounts under a household id)
2- aXcessPlus Savings Account

  • Under the Standard Chartered Family Savings Account proposition, after 4 accounts – can be linked
  • Minimum of 2 accounts
  • Maximum of 4 accounts

The non-maintenance of Combined Family MAB charges will be debited from the Primary account. In case of insufficient balance in this account, the charges will be levied from any of the other accounts linked to Standard Chartered Family Savings Account.

Yes. A new account can be added at a later date by submitting the Family Banking Linkage form signed by all the account holders at any of our branches. The maximum number of accounts that can be tagged are 4.

You will need to submit a Family Banking Linkage form at any of our branches.

The highest variants of account will be tagged as the Primary Account. Please note, a minor account cannot be tagged as a Primary Account.

Yes. Any of the linked accounts can be delinked from Standard Chartered Family Savings Account. You will need to submit a Family Banking de-linkage form at any of our branches signed by all the account holders under the Family Savings Account.

Yes. The household linkage can be removed, and the initial Savings account can be used. Please note that in this case, the MAB of the individual Savings Account variant will be applicable.

The account can be upgraded to Standard Chartered Premium Banking Proposition or Standard Chartered Priority Banking Proposition as per your requirement.

Resident individual

Identity Proof

  • Aadhaar Card
  • Passport
  • Photo Pan Card
  • Driving License
  • Voter ID Card
  • Photo Ration Card

Address Proof

  • Passport
  • Telephone Bill
  • Ration Card
  • Electricity Bill
  • Driving License
  • Life / Medical Insurance Policy
  • Rental Agreement
  • Apartment Allotment Letter

You can opt for the following Savings Account variants:

  • Prime Savings account
  • SuperValue Savings account
  • aXcessPlus savings account

Combined Family Monthly Average Balance: INR 2,50,000/-

The highest variants of account will be tagged as the Primary Account. Please note, a minor account cannot be tagged as a Primary Account.

You can opt for the following Savings Account variants:

  • SuperValue Savings account
  • aXcessPlus savings account

Combined Family Monthly Average Balance INR 80,000/-

The highest variants of account will be tagged as the Primary Account. Please note, a minor account cannot be tagged as a Primary Account.

For details, please click here
Standard Chartered Term Deposit
Standard Chartered Term Deposit
Standard Chartered Safe Deposit Locker
Standard Chartered Safe Deposit Locker