Open My Family Savings Account in 3 Simple Steps - Kotak Mahindra Bank

Open My Family Savings Account in 3 Simple Steps - Kotak Mahindra Bank

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Savings Account - My Family Savings Account - Kotak Mahindra Bank

Frequently Asked Questions

What is family savings account?

The Kotak Mahindra My Family Savings Account brings the entire family banking needs under one account, allowing everyone to avail exclusive family-centric benefits and features, and make the most of their banking experience together. My Family Savings Programme is offered for 2, 3, 4 and /or 6 Members with Pro Savings Account.

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What is the minimum and maximum number of persons in family banking savings account?

Minimum 2 accounts are required to start My Family Savings Account. This Programme is offered for 6 Members with Pro Savings Account for Associate and Ace Savings Account for Key member of the family.

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Can I open a bank account with a family member?

Yes

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Can a savings account be joint?

Yes

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What are the rules of a joint account?

1) Only Resident individuals are eligible to enrol for My Family Savings Programme.
2) My Family Savings Programme is offered for 2 and/or 3 Members with Pro Savings Account.
3) My Family Savings Programme is offered for 4 Members with Edge, Pro, Nova Savings Account for Associate and Ace, Classic Savings Account for Key member of the family.
4) My Family Savings Programme is offered for 6 Members with Pro Savings Account for Associate and Ace Savings Account for Key member of the family
5) Minor account cannot be the Key member of the family
6) NR, Foreigners, Privy League and Private Banking customers are not eligible for My Family Savings programme

Click here to know the eligibility for joint savings account

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Who Cannot be primary account holder in family banking?

A minor cannot be a primary account holder in family banking account.

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