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Frequently Asked Questions
Q. What is the minimum balance requirement in Parivaar?
An average balance of Rs. 25,000 per quarter across all accounts
Q. Will the main account's balance be aggregated with the balances in add-on accounts for the purpose of calculating the average quarterly balance?
Yes.
Q. Who can be included in 'family'?
Apart from you and your spouse, parents, parents-in-law, siblings and children can be included in Parivaar.
Q. How many accounts can the family open?
Up to four aXcessPlus savings accounts can be clubbed in a Parivaar Account. These accounts may be opened jointly or on a sole basis. Each account will carry its own operating mandate. You don't have to be a joint account holder in these accounts to avail of Parivaar benefits.
Q. How many individuals can a family have?
The family may have up to five individuals. These five persons may open up to four accounts, as described above. The accounts may be in any combination - for example, family members defined as - self, spouse, one parent and two children.
Q. Will aXcessPlus benefits be available on my Parivaar Account?
Yes, aXcessPlus savings account benefits will continue to be available to Parivaar customers. FREE* cash withdrawals at other banks' ATMs will be available for accounts that maintain minimum balances as per Parivaar requirements.
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