Any review for AU Royale Saving Account?

[Nemesis]

I already hold Indusind Exclusive, IDFC Wealth (just converted after 10L MAB; they might get me downgraded to select if MAB gets low), ICICI (Salary account; CC told it's Titanium Saving account).

Am in search for the next good account i can get my hands on... AU Royale... seen the benefits like good interest rate on FD/Savings on their website with 1L MAB but want real reviews on the charges and customer care. Any other good account with low MAB and other charges with RM or should i wait till March next year for any offering just like Indusind Exclusive 0 balance?
I know many will tell for HDFC/Axis but won't be keeping more than 5L in each of them for offers.

I will soon convert my ICICI account to wealth (for 0 MAB) by switching the amount between IDFC wealth and ICICI.
Later will decide which account to keep salary one.

Not inclined for Credit Card... as they were already providing me AU Vetta LTF due to my company.

 

[mojo_jojo123]

following

 

[V360V360 is verified member.]

I closed my AU account recently; can share my views for you to take some decision:

Positives:
1. Timely credit of interest - believe it is higher than what IDFC and other banks are offering
2. Instant approval of CC - this is irrelevant for you as you are not looking for one
3. AU Royale welcome Kit
4. Account can be closed just by sending a note to Customer Care - no need to visit Brach
5. No unnecessary charges

Negatives:
1. Pathetic RM
2. Less products from Loan perspective - they have still not launched Home loan in the market

Overall, a good account to hold.

 

[Nemesis]

I closed my AU account recently; can share my views for you to take some decision:

Positives:
1. Timely credit of interest - believe it is higher than what IDFC and other banks are offering
2. Instant approval of CC - this is irrelevant for you as you are not looking for one
3. AU Royale welcome Kit
4. Account can be closed just by sending a note to Customer Care - no need to visit Brach
5. No unnecessary charges

Negatives:
1. Pathetic RM
2. Less products from Loan perspective - they have still not launched Home loan in the market

Overall, a good account to hold.

Thanks man!! but why did you closed it?

 

[V360V360 is verified member.]

Wanted AU Zenith - got it - so closed the account 🙂

 

[Batmanbaba]

Au is not worth investing such amount..... U can go for hdfc, axis.... Axis is good in premium segment..like burgundy account.. . From hdfc.. SavingsMax will give u almost everthing free...

 

[V360V360 is verified member.]

@Batmanbaba - AU Royale requires you to maintain 1 Lakh only. I am sure we know MAB for Burgundy 🙂

 

[Batmanbaba]

@Batmanbaba - AU Royale requires you to maintain 1 Lakh only. I am sure we know MAB for Burgundy 🙂

Yes.... But benefits are good... There are no mab shortage charges too... So no harm.. It will give u select ltf straight away...

 

[promoking]

Yes.... But benefits are good... There are no mab shortage charges too... So no harm.. It will give u select ltf straight away...

Bro they downgrade your account to Priority if you miss to maintain AQB 10 lacs and it’s pain in ass to get upgraded again to Burgundy even after maintaining the required AQB.

 

[Batmanbaba]

Bro they downgrade your account to Priority if you miss to maintain AQB 10 lacs and it’s pain in ass to get upgraded again to Burgundy even after maintaining the required AQB.

Urban branches will do... But semi urban and rural branch will not do easily as there are hardly any premium customers for them...... They get nil or very less... So they want to maintain existing customers

 

[Nemesis]

Wanted AU Zenith - got it - so closed the account 🙂

They are giving me Vetta LTF... What criteria triggered zenith for you.

 

[yolofino]

Urban branches will do... But semi urban and rural branch will not do easily as there are hardly any premium customers for them...... They get nil or very less... So they want to maintain existing customers

Can we open account online and select any rural branch even if the address proof is of the city?

 

[promoking]

Urban branches will do... But semi urban and rural branch will not do easily as there are hardly any premium customers for them...... They get nil or very less... So they want to maintain existing customers

Bro, it’s not branch that downgrade your account it’s centralised their system automatically downgrade your account to next eligible segment.
My branch manager n RM tried their level best to retain burgundy status but all in vain. It’s totally managed from back end. So branch has no role over it. My AQB balance went to 9 lacs during this 1st quarter, they shoot me mail 2 times and on April 1, my account status changed to Priority.

 

[promoking]

Can we open account online and select any rural branch even if the address proof is of the city?

No you can’t do that. You don’t have option to select branch in online account opening. In the end it goes as per your Aadhar address.
Physically you can try.

 

[V360V360 is verified member.]

They are giving me Vetta LTF... What criteria triggered zenith for you.

You will have to talk to BM while opening AU Royale Account - they will be able to push for AU Zenith

 

[V360V360 is verified member.]

Bro, it’s not branch that downgrade your account it’s centralised their system automatically downgrade your account to next eligible segment.
My branch manager n RM tried their level best to retain burgundy status but all in vain. It’s totally managed from back end. So branch has no role over it. My AQB balance went to 9 lacs during this 1st quarter, they shoot me mail 2 times and on April 1, my account status changed to Priority.

@Batmanbaba - please help all of us if you have any Lead - I am looking for a Burgundy account - all Branches here at my place have clearly told me that we have shortage charges for non maintenance of MAB/AQB for Burgundy account.

 

[Batmanbaba]

@Batmanbaba - please help all of us if you have any Lead - I am looking for a Burgundy account - all Branches here at my place have clearly told me that we have shortage charges for non maintenance of MAB/AQB for Burgundy account.

Its a hit and miss in that...... . Best would be icici wealth account.it will be zero mab after initial funding... Of 10 lakh.... Sime branch also guve it in 5 lakh only.... .. If u want to go for banking benefits........ In axis... U can get magnus/atlas/select even when u dont have premium account.... Go for icici wealth. Push for emeralde ltf...... If opens the way for other premium cards in other banks...

 

[promoking]

@Batmanbaba - please help all of us if you have any Lead - I am looking for a Burgundy account - all Branches here at my place have clearly told me that we have shortage charges for non maintenance of MAB/AQB for Burgundy account.

In actual there are no charges they just downgrade your account to Priority if your account balance is less than 10 lacs for a quarter. If are fine with it you can go with Burgundy. Priority is also free but if balance goes below 2 lacs they will convert it to next eligible segment which may be Prestige, prime, liberty as per balance and May be charged

 

[promoking]

Its a hit and miss in that...... . Best would be icici wealth account.it will be zero mab after initial funding... Of 10 lakh.... Sime branch also guve it in 5 lakh only.... .. If u want to go for banking benefits........ In axis... U can get magnus/atlas/select even when u dont have premium account.... Go for icici wealth. Push for emeralde ltf...... If opens the way for other premium cards in other banks...

What is use of ICiCI Wealth account, I don’t really feel any. They have useless cards you can have one coral is fine. For emerald I don’t think they will provide it on wealth account that too LTF, it entirely depends on your credit profile.
Have you got LTF Emerald on wealth account ?

 

[Nobody]

Wanted AU Zenith - got it - so closed the account 🙂

Wanted AU Zenith - got it - so closed the account 🙂

Can you tell the initial funding you did since mab is one lakh only. I think they must have demanded more funding from you to take your request for zenith ltf free cc. I am thinking to open royale account if they agree to provide zenith cc. And after how many months you closed your account without incurring any closure charges?