• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Aug. 11 Barclays bank has launched a new product titled ‘Kutumb Savings account’, which is a family-based bank account scheme.

Under this scheme, a minimum of two and a maximum of five accounts of family members can be opened. The members get separate accounts which can be managed independently. One family member is appointed as the principal member for this account. While the principal holder would need to maintain a minimum balance of Rs 25 000, the remaining members can maintain zero balance accounts.

The account would also allow the family members to include their domestic help as one of the account holders, the press release said.

More Stories on : New Products & Services | Foreign Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line