I had a similar issue. I went to the bank to close my NRI and NRO accounts and asked them to open a regular savings account instead. The deputy manager told me I had to deposit 1 lakh to be able to open an account. That is the minimum requirement. Is this necessary?
Same here. I do not live in a Metro or Tier 1 city. The challenge is real. That's why I'm back to Regalia or SBI's Cashback. The only card that will give me miles now is the one issued in foreign (Citibank, Amex, and a few others), but unfortunately, international cards are not accepted in most...
It looks like, based on the other Indian bank-issued cards in my folio, I'm back to Regalia and SBI Cashback. 😄 From now on, I will try to use foreign-issued cards as much as possible. It was a good ride with Magnus. Easily got 290k points in less than a year. I would say "Thank you" and RIP.
Been trying to transfer 12,000 points from the EDGE portal, but it keeps failing. I hope Axis will refund those points as they mentioned 15-20 days :cry:
Axis Bank's current conundrum sounds like a perfect case study for future MBA students on 'How Not To Conduct a Business Acquisition and Retain Premium Customers.'