Axis Burgundy salary account - lower eligibility

[RM95]

I have a salary account with Axis (Prestige). I recently joined a new organisation and an Axis contact person mentioned that I can get my account upgraded to Burgundy Salary if net monthly salary > 2L. I know Burgundy is only offered to those with salary > 3L pm.

Does anyone know anything about this/has anyone gotten such an upgrade?

Also, will I still be eligible for upgrade if salary is around 1.3L?

 

[avinash2711]

Initial funding with 5L and 10L MAB or 30L relationship.

As mentioned above you can even negotiate for salary 2-3L. Burgundy is a premium account service offered by Axis bank, so they wont compromise on their minimum requirements.

Burgundy relationship ? What do you mean by this?

The above one is burgundy relationship criteria

 

[baran12]

Just to confirm, to get magnus as LTF, I can just open a burgundy savings account with 10L balance?

 

[bitsst]

I have a salary account with Axis (Prestige). I recently joined a new organisation and an Axis contact person mentioned that I can get my account upgraded to Burgundy Salary if net monthly salary > 2L. I know Burgundy is only offered to those with salary > 3L pm.

Does anyone know anything about this/has anyone gotten such an upgrade?

Also, will I still be eligible for upgrade if salary is around 1.3L?

If your company is in their list of corporates they will enroll you in burgundy even for 1.5L net salary credit.

 

[Pawan_KS]

Burgundy relationship ? What do you mean by this?

1CrTRV or 30L FD or 10L in account or Salery credit >3L.
This is what these days called True burgundy.😉

 

[Pawan_KS]

I

1CrTRV or 30L FD or 10L in account or Salery credit >3L.
This is what these days called True burgundy.😉

in short saare paise Axis k kadmo me rakh do Magnus LTF karne k liye.

 

[sousnake]

If your company is in their list of corporates they will enroll you in burgundy even for 1.5L net salary credit.

Yes, you can get burgundy for 2L if your company is in their list of corporates but I don't think you will get Magus LFT with that.
For Magnus LFT, you need salary credit of 3L.

 

[Pawan_KS]

Yes, you can get burgundy for 2L if your company is in their list of corporates but I don't think you will get Magus LFT with that.
For Magnus LFT, you need salary credit of 3L.

Yes one will be burgundy but not true burgundy if you have salery credit <3 L😉

 

[CC_Exuberant]

If your company is in their list of corporates they will enroll you in burgundy even for 1.5L net salary credit.

I have been told by their senior management for our company it’s 2 L not 1.5 L net salary credit . What is the source for this info ? 🙂

 

[bitsst]

I have been told by their senior management for our company it’s 2 L not 1.5 L net salary credit . What is the source for this info ? 🙂

Can not reveal. Manager to came to my office, he was ready to open account, but I wanted clarity on Magnus, and he said to wait for 1-2 weeks for a formal announcement.

 

[shashank08]

Yes one will be burgundy but not true burgundy if you have salery credit <3 L😉

These are the new Axis terminologies..
Burgundy, True Burgundy, true true burgundy, Maa Kasam true burgundy, one and only burgundy, etc etc....

And finally Burgundy.. hamaari koi or shaakha ni hai.. wala burgundy..
😀😀😀

 

[sousnake]

These are the new Axis terminologies..
Burgundy, True Burgundy, true true burgundy, Maa Kasam true burgundy, one and only burgundy, etc etc....

And finally Burgundy.. hamaari koi or shaakha ni hai.. wala burgundy..
😀😀😀

Got this sheet from other (technofino)Axis Magnus thread. Looks like a new column "Magnus for Burgundy" with Nil fees.
Question remains for burgundy account less than 3L salary, will it be LFT or not? Does this card depends only on Burgundy status or some other income requirements?

 

[shashank08]

Got this sheet from other (technofino)Axis Magnus thread. Looks like a new column "Magnus for Burgundy" with Nil fees.
Question remains for burgundy account less than 3L salary, will it be LFT or not? Does this card depends only on Burgundy status or some other income requirements?

Until not official from Axis bank, don't believe on any of these PDFs.
We have already seen lots of such PDFs from Axis when devaluation happened.

 

[jonamdhar]

How many days does it take for a priority salary account to be upgraded to Burgundy salary account? Wanted upgrade for the limited period Magnus LTF

 

[Daya A]

Better get liberty salary account. It will be zero mab with free liberty debit card. You can get around 10k cashback every year using liberty account and debit card features

Pls explain how can one get 10k cash back with liberty salary account,iam having priority salary account it is useless for me interm of debit card also.pls give reply so that I will convert yo liberty salary account

 

[rj_arora]

Pathetic by Axis!

 

[stech18]

What happens if we take Magnus for Burgundy LTF on the basis of sal > 3L and then salary credit reduces below 3L for few months due to multiple reason like NPS investment from salary, insurance top up , RSU tax. In such cases do we loose LTF or only transfer ratio is impacted?

 

[sousnake]

What happens if we take Magnus for Burgundy LTF on the basis of sal > 3L and then salary credit reduces below 3L for few months due to multiple reason like NPS investment from salary, insurance top up , RSU tax. In such cases do we loose LTF or only transfer ratio is impacted?

I am not 100% confirmed on this, but once in every 3 months if you can get salary of 3L, that should suffice burgundy status & LTF Magnus should hold.
But if continue three months less than 3L, you account will be downgraded to priority & Magnus will be charged from next month onwards.
This was told by Axis person but you can ask some axis agent first before taking magnus.

 

[stech18]

I am not 100% confirmed on this, but once in every 3 months if you can get salary of 3L, that should suffice burgundy status & LTF Magnus should hold.
But if continue three months less than 3L, you account will be downgraded to priority & Magnus will be charged from next month onwards.
This was told by Axis person but you can ask some axis agent first before taking magnus.

Thanks for your response but wondering if LTF is dependent on Burgundy status. I can check with Axis person but don’t mostly trust as they will say anything to get the account opened. From the FAQs also it’s not clear.
And Is the LTF offer extended?

 

[sousnake]

Thanks for your response but wondering if LTF is dependent on Burgundy status. I can check with Axis person but don’t mostly trust as they will say anything to get the account opened. From the FAQs also it’s not clear.
And Is the LTF offer extended?

I think someone mentioned that it is extended till Dec 31 but can't confirm.
Yeah hard to trust someone, but once you get card, you can mail & get everything in written from Axis Support and you should be fine else don't activate card if terms vary before getting the card & after.

 

[stech18]

I think someone mentioned that it is extended till Dec 31 but can't confirm.
Yeah hard to trust someone, but once you get card, you can mail & get everything in written from Axis Support and you should be fine else don't activate card if terms vary before getting the card & after.

Good idea. Thanks