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AU Ivy Premium Banking Program

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Bhavik Kamthe

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Hi,

I wanted to know whether anyone is a member of the AU Ivy Premium Banking Program? What is your experience of this program? I also wanted to know whether AU Bank will downgrade if the Rs 25 Lakh AQB is not maintained? or do they not have any downgrade mechanisms at all?
 
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I tried it for about 6 month, mainly to try and get their Zenith + credit card. There is no significant difference between Royale and Ivy apart from the Taj Epicure membership. They will downgrade after 3 months if at least 25 lakhs are not kept in savings.
 
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prash1161 said:
Brooo 25l 😮🤣🤣
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25 lakhs in savings, not FDs, in the primary account is their minimum requirement. It's a little high as other bank programmes like HDFC Imperia and Axis Burgundy allow you to keep 30 lakhs in FDs or savings which is quite easy. That's why I downgraded after a while.
 
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prash1161 said:
Yes that's a loss on intrest
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It's a loss if you compare with banks like Fincare and Equitas where you get a little higher interest on lower slabs. It's also a loss if you compare it to around 8% FD interest with SFBs. A person like me needs to keep at least 50 lakhs in savings for routine expenses. So I generally keep it with Fincare and Equitas. Keeping it with AU isn't a tremendous loss.
 
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Lobogris said:
It's a loss if you compare with banks like Fincare and Equitas where you get a little higher interest on lower slabs. It's also a loss if you compare it to around 8% FD interest with SFBs. A person like me needs to keep at least 50 lakhs in savings for routine expenses. So I generally keep it with Fincare and Equitas. Keeping it with AU isn't a tremendous loss.
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Do you mind sharing what do you do for living?
 
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Lobogris said:
I tried it for about 6 month, mainly to try and get their Zenith + credit card. There is no significant difference between Royale and Ivy apart from the Taj Epicure membership. They will downgrade after 3 months if at least 25 lakhs are not kept in savings.
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U got the Zenith+ LTF or not finally?
 
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