Key Features of Joining Family Account

Create a Family Account or Become a Member

Any individual can choose to create their own family as a Family Head, or join an existing family by linking as a member.

Who all can create a Family Account

Only an individual who is not already part of another family can create a Family Account.

Who all can become a Member of a Family

Only an Individual or HUF account who is not a Family Head or a member of another family can become a Family Member.

Individual & Family Portfolios at Your Fingertips

View both individual and consolidated family portfolios in one place for quick and effortless monitoring.

Order Placement for Family Members

Family Head can place orders for members by switching profiles, offering greater convenience in managing family investments.

Activity Logs & Information

Members are kept informed through logs and updates whenever the Family Head takes an action, offering clarity and accountability.

Flexibility to Add or Delink Members

Family Head has the flexibility to add or delink members at any point of time, giving full control over family participation.

Member’s Right to Delink

Family members can delink from a family at their will. In case a shared credential is used, they must provide a unique credential to continue operating as their original Individual or HUF account.

All Features Included

Access all these family features without any additional charges.

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Terms and Conditions for Family Account

These Terms and Conditions govern the mapping of family members under a Family Head which shall be mapped to a Family ID (“Family ID”). By agreeing to map family members under a Family ID, all parties involved agree to the following terms and conditions:

Definitions:
1. "Primary Account Holder", “Primary Member” or "Family Head" refers to the individual who is designated as the main or principal account holder for Family Account.
2. "Family Member" includes the individuals who are related to the Primary Account Holder, such as spouse, dependent children, dependent parents. Further the Primary Account Holder can also map his / her HUF account where he / she is KARTA of the HUF as Family Member. The foregoing list is indicative and may be modified or expanded from time to time in accordance with SEBI regulations, stock exchange guidelines, applicable laws, or at our discretion from time to time.
3. "HUF" refers to as Hindu Undivided Family.
4. "Mapped Family Account" refers to the account(s) of the Family Members that are linked or associated with the Primary Account Holder's account.
5. “Family ID” refers to a unique identifier assigned to a family for operational purposes.
6. “Products” shall mean all products and services OBPP is allowed to offer as per SEBI Framework for OBPPs dated 22 May 2024 and as amended from time to time, including but not limited to Mutual Funds, Fixed Deposit and other financial instruments or services permitted from time to time

Interpretations:
1. The use of terms “We”, “Our” or “IndiaBonds” in this Document refers to the Company/IndiaBonds along with its representatives and this Platform.
2. The use of terms “You”, “Your” or “User” in this Document refers to the Users (Primary Account Holder / Family Member) accessing/using this Programme.

Eligibility:
1. The creation of Family Account as a Head of Family is available to individuals, while mapping of family member with the Primary Account Holder (Head of Family) is available to individuals and HUF.
2. The Family Head must be an Adult individual and he/she shall be able to create only 1 Family Account.
3. Family Member can only place a request for linking his / her account to only one registered Family ID.
4. Creation of Family Account or linking to a Family Account can be done anytime during the association of the active user with IndiaBonds. The creation or linking of a Family Account is allowed only if you are not already a member of another Family Account.
5. Unique Mobile No. or Email Id as requested must be provided and validated.
6. Relationship must be accurately disclosed by the dependent Family Member / Family Head.
7. An authorisation shall be required for mapping the Family Member to the Family account. In case, the requisite authorisation has not been provided by the Family Member, you shall not be linked to the Family Account and Family Head shall not be entitled to perform authorised activity
8. Family as defined by SEBI through SEBI circular SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/169 dated 3rd December 2024 or as amended from time to time can place request for mapping their account with Family Account.
9. Maximum of 7 individual members and 2 HUF account can request Family Head for linking them to Family Account. The same shall only be linked post approval by the Family Head. Such numbers may increase in future based on clarification provided by Regulator or Exchange(s) from time to time or as decided by IndiaBonds at our sole discretion.
10. Family Head can additionally request to link more Family Members, by writing to IndiaBonds at familyaccount@indiabonds.com citing the reason thereof. IndiaBonds reserves the sole discretion to accept or reject such request, without any obligation to provide reasons.
11. In case a linking request is declined by Family Member or Family Head, you must provide reason for the same, post which no such linking between the said Family Member and Family Head shall be allowed unless otherwise decided by IndiaBonds at our sole discretion.
12. IndiaBonds, in no condition shall be liable for authenticating any declaration of relationship made by Family Member and accepted by the Family Head and the User shall be solely responsible for the declarations made. However, IndiaBonds reserves the right to verify the relationship between the Family Head and the Family Members anytime during your relationship with IndiaBonds and take suitable action in case of deviations.

Rights and Responsibilities of the Family Head / Family Members:
1. The Family Head shall be responsible for verifying the details submitted by a Family Member before approving a linking request. Likewise, when a Family Member receives a linking request from the Family Head, it shall be the responsibility of the Family Member to verify the details submitted by the Family Head before providing authorization.
2. The Family Head, post login through their login credentials, may switch to any linked Family Member and shall perform authorised activity on the IndiaBonds platform on behalf of Family Member only after completion of KYC by Family Member and on receipt of authorisation in favour of Family Head by Family Member. Such authorisation must be valid at the time of performing authorised activity by Family Head and no request for delinking such account must be received by IndiaBonds.
3. The Family Head can view the respective orders and portfolio of linked Family Members subject to receipt of authorisation.
4. Family Member must complete the payment through the link shared or they can login to their individual IndiaBonds account and can initiate payment through their Order Book.
5. The Family Member(s) acknowledge and consent that, pursuant to this arrangement and authorization, relevant personal information of the Family Member shall be disclosed to the Family Head to perform all the activities he has been authorised to perform by the family member from time to time in the name of the respective Family Member.
6. The Family Head shall be able to perform the authorised activities which were initiated by him.
7. The Family Head shall be responsible for ensuring that all decisions and authorised activities done on behalf of the Family Members are made in their best interest and are consistent with their individual investment objectives and risk tolerance.
8. The Family Head shall be responsible for the activities carried out under the mapped Family Accounts and for communicating any relevant updates (including various authorised activities) to the respective Family Members.
9. The Family Head is responsible for ensuring that all Family Members are informed of and remain compliant with the applicable rules, regulations, and guidelines governing the securities market as applicable from time to time.
10. The Family Head agrees not to influence or solicit the addition of individuals as Family Members in exchange for providing advisory or investment-related services.
11. The Family Head or Family Member, in case of any grievances must raise complaints only on their own behalf using their registered Email Id on the designated grievance email id (grievance@indiabonds.com) of IndiaBonds.

Restrictions and Limitations:
1. The linked Family Accounts will be subject to the same rules, regulations, and guidelines applicable to Individual accounts as modified from time to time.
2. IndiaBonds reserves the right, at its sole discretion to impose additional restrictions or limitations anytime on the linked Family Accounts based on regulatory requirements or internal policies without providing any reason.
3. The Family Head agrees not to engage in or provide any kind of investment advisory, financial planning, or other advisory service to any other individual using mapping of this family account. The account is intended for the exclusive personal use and management of the account holder and their immediate family members only.
4. The Family Head acknowledges that use of this family account for commercial advisory activities would constitute a breach of the account terms and could expose them to potential regulatory and legal liabilities. By accepting these terms, the account holder affirms that this account will be used solely for their own family investment and not for any external advisory services.
5. IndiaBonds reserves the right to restrict the right to entitled to perform authorised activity by Family Head on behalf of Family Member/s to specific products offered on the platform at its sole discretion, without providing any reason.
6. In case of any unauthorised access of Family Member account, the Family Member can directly block/restrict the Family Head access to their account through their client profile. On report of any such instance, access of Family Head to all family members linked will be temporarily / permanently blocked without assigning any reason.

Termination and Withdrawal by Family Head / Family Member:
1. The Family Member can delink their account and Family Head can delink any Family Member from the Family Account. IndiaBonds shall intimate both the Family Head & Family Member about delinking of the Family Member from the Family Account.
2. Upon termination of the linking, the linked Family Accounts will be separated, and the Family Members will be responsible for managing their individual accounts independently.
3. Family Head additionally shall have an option to Close the Family Account. All the linked family members shall get delink from the Family Account on closure of Family account.
4. In the event of delinking or termination of a family account, any family member using the common family account email ID or mobile number shall be required to immediately update their own unique email ID or mobile number, as applicable. Failure to do this will lead to temporary suspension of access to avail any product or services through the IndiaBonds platform.
5. IndiaBonds reserves the right in its absolute discretion to terminate the linking of the Family Accounts, to change, alter or discontinue the terms and conditions, discontinue the service of providing family account at any time without prior notice, due to regulatory requirements, internal policy changes, or any other reason deemed appropriate at its own discretion, without providing any reason. The decision of IndiaBonds on all matters relating to, or in connection with the use of this facility shall be final and binding on all Users concerned.

Liability and Indemnification:
1. The Family Head will be solely responsible for all activities including entitled to perform authorised activities on behalf of the mapped Family Members.
2. By granting authority to the family head, the family member agrees that IndiaBonds shall bear no liability for acting on, or not acting on, the instructions of the family head, including where such non-action is due to legal, regulatory, or security considerations or at our sole discretion. The user further agrees that IndiaBonds shall not, at any time, be liable to the user, to any person claiming through the user, or to any third party, for any damages, losses, costs, expenses, liabilities, or lost profits arising, or alleged to have arisen, from IndiaBonds acting, or not acting, on such instructions.
3. For the avoidance of doubt, you agree to indemnify and hold IndiaBonds harmless from and against all damages, losses, lost profits, costs, expenses, and liabilities (including legal fees on a solicitor-and-client basis) that IndiaBonds may incur in relation to, or in connection with, acting on or not acting on the instructions of the family head, including where such non-action is due to legal, regulatory, security considerations, or at our sole discretion. This authorisation and indemnity are in addition to, and do not prejudice, limit, or restrict any rights or remedies that IndiaBonds may have under any other arrangement with the user or otherwise under applicable law.
4. Family Members waive the right to hold IndiaBonds liable for any actions, omissions, or decisions of the Family Head or their own.
5. IndiaBonds shall not be responsible for any disputes arising between the Family Head and Family Members including but not limited to authorised activities performed by Family Head on behalf of Family Member. The same cannot be addressed to IndiaBonds, Exchange(s) or Regulator. Any such disputes must be resolved mutually.
6. IndiaBonds will not be liable for any losses or damages incurred by the Family Head or the Family Members due to linking of the family member account with the Family Account.
7. IndiaBonds shall not be responsible for non-intimation of cessation of relationship between the Family Head and Family Member. It shall be the responsibility of the Family Member and / or Family Head to intimate the same to IndiaBonds and they can also initiate delink the family member account from their client profile section. IndiaBonds, shall not be responsible for the activity of Family Head under any circumstances in any such cases.
8. The family member must not provide access to their bank account or Demat account to the family head under any circumstances. Doing so shall be at the family member’s own risk and may result in the suspension of their account.

IB/Family/V1.0/03.11.2025