Need to downgrade axis bank priority account

[sauravtuteja11]

I had opened an axis bank priority account 3 months ago because the representative gave me FYF magnus card, but now I don’t see any point in keeping my 2-2.5 lakhs in the savings account as the interest is so low, now when i asked the representative to downgrade he told u can downgrade after 6 month so my question is -

1. Can I downgrade it now ? If yes then how?
2. If i downgrade what is the category next to priority and how much do i have to maintain in that?
3. Do i get to keep the priority debit card and all free with the downgraded account also ?

 

[CMGCMG is verified member.]

I had opened an axis bank priority account 3 months ago because the representative gave me FYF magnus card, but now I don’t see any point in keeping my 2-2.5 lakhs in the savings account as the interest is so low, now when i asked the representative to downgrade he told u can downgrade after 6 month so my question is -

1. Can I downgrade it now ? If yes then how?
2. If i downgrade what is the category next to priority and how much do i have to maintain in that?
3. Do i get to keep the priority debit card and all free with the downgraded account also ?

1. This might not be possible before 6 months without a penalty.
2. You can find all account types and their AQB/MAB here: https://application.axisbank.co.in/FeesAndChargeMaster/FeesAndCharges.aspx
3. No. But I don't know when they will start charging.

 

[SSV]

I had opened an axis bank priority account 3 months ago because the representative gave me FYF magnus card, but now I don’t see any point in keeping my 2-2.5 lakhs in the savings account as the interest is so low, now when i asked the representative to downgrade he told u can downgrade after 6 month so my question is -

1. Can I downgrade it now ? If yes then how?
2. If i downgrade what is the category next to priority and how much do i have to maintain in that?
3. Do i get to keep the priority debit card and all free with the downgraded account also ?

Most of us here , recommend Liberty Account . I also have one. Check here for complete details..

Axis Bank Liberty Savings Account Benefits

Axis Liberty Savings Account is the Best Savings for those who can Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card and Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card. If we Fulfill Above Spending Criteria We...

www.technofino.in

 

[skvignesh]

1. My branch employees said 6months to change account variants..
2. Liberty account variant is attractive.
3. If account downgraded, axSH*t will surely charges dc fees. They are strict...

 

[wr8_utd]

I had opened an axis bank priority account 3 months ago because the representative gave me FYF magnus card, but now I don’t see any point in keeping my 2-2.5 lakhs in the savings account as the interest is so low, now when i asked the representative to downgrade he told u can downgrade after 6 month so my question is -

1. Can I downgrade it now ? If yes then how?
2. If i downgrade what is the category next to priority and how much do i have to maintain in that?
3. Do i get to keep the priority debit card and all free with the downgraded account also ?

Does everyone get the FYF Magnus card with the Axis Ultima Salary Account?

 

[zomato]

Most of us here , recommend Liberty Account . I also have one. Check here for complete details..

Axis Bank Liberty Savings Account Benefits

Axis Liberty Savings Account is the Best Savings for those who can Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card and Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card. If we Fulfill Above Spending Criteria We...

www.technofino.in

priority pe NMC charges nhi hai na? as in on priority account I can maintain more than 25% of AMB requirement and no charges will be levied?

 

[divykk]

I had opened an axis bank priority account 3 months ago because the representative gave me FYF magnus card, but now I don’t see any point in keeping my 2-2.5 lakhs in the savings account as the interest is so low, now when i asked the representative to downgrade he told u can downgrade after 6 month so my question is -

1. Can I downgrade it now ? If yes then how?
2. If i downgrade what is the category next to priority and how much do i have to maintain in that?
3. Do i get to keep the priority debit card and all free with the downgraded account also ?

Hey did you get any luck with changing variant?

 

[Shin-Chan]

It is possible with BM's intervention but that again will attract penalty. Axis Bank Top tier accounts provide almost no benefits vs requirements do consider if its Positive or negative ROI in terms of parking same money in FD over a year vs specific account for decision making.