Kutumb - Family Banking

Kutumb - Family Banking Banner Kutumb - Family Banking Banner

Presenting IDBI Kutumb
Savings Accounts for the
entire family.

The family that banks together
stays together.


With Kutumb you can now ensure your family gets greater access to their finances. You maintain the required min. balance on their behalf and free them from spending within limits.

Features include:
  • Specially designed accounts for each family member viz. Women / Children / Youth and Senior Citizens
  • Facility to maintain minimum balance by primary family member on behalf of the entire family
  • Greater flexibility to access own funds
  • All accounts under one roof
No. of Members which can be grouped under the Kutumb arrangement

Minimum : 2
Maximum : 5

Eligible Family Members

Spouse ,Mother ,Father, Child, Grand-Parent, Grand –Child, Brother, Sister, Father-in-law,Mother-in-law

Eligible Accounts

All Individual Savings Accounts except Basic Savings Bank Deposit / Financial Inclusion and Capital Gains Accounts
All Individual Current Accounts / Accounts of Sole Proprietors / HUF
An account which is already grouped under Family Id cannot be grouped under another Family Id.
Accounts with Freeze / Negative Balance / Unrecovered charges lying in recovery table / Inactive / Dormant accounts shall be restricted for grouping

MAB Requirement at the Family level

MAB Requirement shall be the sum of the MAB requirement of the individual accounts in the group and shall be termed as Family MAB ( FMAB)
FD /FFD balances shall not be reckoned for the purposes of arriving at the Family MAB requirement.

Facilities and Charges

The account level facilities and charges thereof as per the applicable Schedule of Facilities (SoF) will continue as hitherto.

There shall no change in any facilities pursuant to grouping of accounts.

Charge Computation for Non-Maintenance of FMAB

In the event of non-maintenance of Stipulated Family MAB, all the accounts which have not maintained the MAB will be charged product level penal charges as applicable.

Summation of product level penal charges will be the Penal charges applicable for non-maintenance of Family MAB.

Penal Charge Application

Penal Charges will be recovered from the Primary Family Member’s Account. In case of insufficient balance in the Primary Family Member’s Account, the charges will be recovered from the next account in the sequence of grouping and so on.

How To Apply

Applying for a Kutumb - Family Banking in 3 easy steps.

01. Get In Touch

Call on our Phone Banking numbers Toll Free -

(24x7 service)

02. Visit Our Branch

Visit the nearest branch.

03. Receive a Call Back

Our representative will contact you at the earliest.