Axis Magnus Burgundy Magnus not after maintaining 10lakh average for 60+ days

[raunak]

I have maintained 10L+ amount in my burgundy account since open (i.e. 24th July ) }
Still somehow I am not eligible for Burgundy Magnus Card.
Since October 10th I am in constant comunication with Axis Customer Care. Had escalated it to the highest level possible. But no result.
All they are saying keep maintaining it for 45 days you will probably get it.
Unable to understand what to do now?? really irritated.
Any Suggestions??

 

[chasni]

My assessment is that look at last 3 months.. So people who got offers in Sep have maintained during Jun-Aug. People who got eligible in Oct have maintained for Jul-Sep. As your account was opened on July 24, your AQB may be lower because Axis calculates AQB by dividing it by 90 irrespective of number of days of account opening. So you may be eligible next month.

PS: This is just my analysis.

 

[drsel]

25th October is the date you can apply

 

[chasni]

25th October is the date you can apply

I doubt it. It won't be before the next month. Axis Bank doesn't have system to calculate AQB daily. It is done only at the end of every month.

But who knows I may be wrong.

 

[saurabhduasd]

Check one glance statement 'Average Balance ' section, usually comes by 5th of every month

 

[drsel]

Yes you need to see the average of the latest 3 one glance statements
that would give you AQB for 90 days

 

[kjajodia25]

Do you think they will extend the LTF offer to next month?

 

[kjajodia25]

Also any news if the Magnus Burgundy will have same fees as normal Murgundy from next month?

 

[chasni]

Also any news if the Magnus Burgundy will have same fees as normal Murgundy from next month?

Only LTF is till Nov 30th. 5:4 will continue on Burgundy Magnus but with a fee of 12500+GST.

 

[birususama]

Is the Average balance calculated even if I maintain 10 lakh in FD?

 

[chasni]

Is the Average balance calculated even if I maintain 10 lakh in FD?

FD is part of TRV but not AQB.

 

[saurabhduasd]

Is the Average balance calculated even if I maintain 10 lakh in FD?

Average Balance is only on saving bank account balance, not FD one

 

[raunak]

Check one glance statement 'Average Balance ' section, usually comes by 5th of every month

Checked
Its above 11Lakh in Aug
And above 10L in Sep

 

[govisi]

So from all the updates it seems if someone opens a new Burgundy account now, they won't be able to get Magnus LTF 🙁