Axis Burgunday criteria increased from 10L QAB to 10L MAB from 30th Jan

[techstrom007]

Axis just upgraded the burgundy eligblity criteria from 10L Quaterly Average Balance to 10L Monthly Average Balance applicable from 30th Jan 2025.

Received the notification in Axis app, and SMS

Dear xxx, we would like to inform you that the eligibility criteria for Burgundy will be changed from maintaining Average Quarterly Balance (AQB) of INR 10 lakhs to maintaining Average Monthly Balance (AMB) of INR 10 lakhs. This revised eligibility criteria are required to be maintained latest by 31st January 2025. Know more. https://axbk.io/AXISMR/x2I9aa T&C apply - Axis Bank

 

[Riva]

2025 New Year nonsense from Axis!!

 

[sumit_yadav]

Axis just upgraded the burgundy eligblity criteria from 10L Quaterly Average Balance to 10L Monthly Average Balance applicable from 30th Jan 2025.

Received the notification in Axis app, and SMS

Definitely an upgrade.

Axis found out people are sitting idle. They want them to be engaged in account closures.

 

[HumorSimpson]

@Wealth is my birth right! - this is why you shouldn't opt for burgundy cards

 

[V360]

Feel pity for people who still round around getting Axis products.

2 mins of silence for them 🙂

 

[SplendorSuperman]

Audacity of Axis B*tch !
Anyway my trv is through deposits.

 

[Gggggggg]

Hope this is not for citi migrated accounts

 

[HumorSimpson]

Feel pity for people who still round around getting Axis products.

2 mins of silence for them 🙂

2 mins of silence for a life time violence of axis

 

[sidp]

How is it devaluation?🤔 Aren't both somewhat similar. Just that calculation frequency changed from once a quarter to once a month.

 

[krishg]

Is there any change for Burgundy Salary account?

 

[Riva]

How is it devaluation?🤔 Aren't both somewhat similar. Just that calculation frequency changed from once a quarter to once a month.

It's different. In AQB, a person can maintain 5L in the first 2 months and then 50L/60L for the 3rd month to get AQB to be 10L.
Now, a person has to maintain 10L every month, so he could have 5L for 20 days and then 15/20L for 10 days, as long as AMB is now 10L.

 

[sidp]

It's different. In AQB, a person can maintain 5L in the first 2 months and then 50L/60L for the 3rd month to get AQB to be 10L.
Now, a person has to maintain 10L every month, so he could have 5L for 20 days and then 15/20L for 10 days, as long as AMB is now 10L.

Still both are similar. Only possible downside could be account downgrade might become faster.

 

[Riva]

Still both are similar. Only possible downside could be account downgrade might become faster.

Just because calculation method is the same ie average End of day balance, it doesn't become the same. If it were the same, there would be only MAB or AQB, not both.

 

[tachniki]

Is there any change for Burgundy Salary account?

No. Still same.

 

[Anupama_Jha]

You rightly said "Axes BurGUNDAY"

Bhot bare gunday🔫 hai ye log

 

[Wealth is my birth right!]

@Wealth is my birth right! - this is why you shouldn't opt for burgundy cards

Lol
As usual its an ax**it
Every quarter new new devaluation

 

[CCFinvest]

Axis is looting in the name of Burgundy.

 

[Zacobite]

Hope this is not for citi migrated accounts

it is.. they only tagged as burgundy and nw they only want to downgrade.. timepass tactics

 

[denisjos]

Is there any change for Burgundy Salary account?

Yeah they are getting ready to ask for daily salary credits, that's axis for you.

 

[Zacobite]

Is there any change for Burgundy Salary account?

No... Not for salary account