IDBI Bank Application form for Deletion of Accounts Grouped under Kutumb Family Banking
IDBI Bank Application form for Deletion of Accounts Grouped under Kutumb Family Banking Download
The key points from the IDBI Bank “Kutumb” Family Banking account deletion request form are structured below for quick review:
Core Purpose
- Removing Accounts: This form is used to explicitly request the removal of specific member accounts from an existing Family ID grouping structure (Deletion-K… p. 1).
Group Impact & Restructuring Rules
- Revised Balance Limits: Deleting an account automatically recalculates and revises the total Family Monthly Average Balance (FMAB) requirement based on the remaining accounts (Deletion-K… p. 1).
- Program Continuity: The “Kutumb” family arrangement continues running normally even after members are removed or their accounts are closed (Deletion-K… p. 1).
Program Termination Triggers
- Primary Account Deletion: If the Primary Account Holder cancels or closes their account, the Family ID/Group is entirely deleted, and the program is terminated (Deletion-K… p. 1).
- Single Account Left: If all member accounts are closed or deleted except for the Primary Account Holder’s account, the “Kutumb” family program is automatically terminated (Deletion-K… p. 1).
Authorization & Compliance
- Consent Requirement: The application must be physically signed by all account holders currently grouped under the “Kutumb” family arrangement, not just the member being removed (Deletion-K… p. 1).
- Lien and Set-off: Deletion requests do not alter or override the bank’s right of general lien and set-off on the accounts (Deletion-K… p. 1).
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