Burgundy Private

[hirenspare]

Hi,

Eligibility criteria on the website says maintaining TRV of 5 Cr. I have read somewhere that they actually open Burgundy Private relationship with much lower TRV. Can anyone share their experience on how much TRV was expected.

Thanks..

 

[drabhishekladdha]

Axis is quite okay to loose a Burgundy customer if they dont maintain the required AQB. They follow it very strictly.

Not Axis , Burgundy Rm ( all Rm Need good accounts ) once you are upgraded to Burgundy private you get a new Rm

I will tell you my story I was having axis priority savings account since 2013 , even through I fulfilled criteria for Burgundy for many years , my RM never upgraded my account , even after telling him to do so many times , finally I opened a Burgundy account under same Coustmer ID and got a Burgundy Rm , asked her to update my account to Burgundy salary and it was done in 7 days .

So your RM makes a huge difference in how things go

 

[drabhishekladdha]

Dear sir

Greetings!

*Axis Bank* has introduced an exclusive offering '*Burgundy Private*', and is extending the same for ××××××.

This premium service combines a powerful banking platform with tailored investment advisory solutions.

They are organizing an exclusive "*Q&A*" session for you all, in the coming weeks at ×××× Hotel.

If you are interested in
attending, please message me directly so I can coordinate your participation.

Thank you!

Warm Regards
×××××××
×××××××

 

[drabhishekladdha]

Dear sir

Greetings!

*Axis Bank* has introduced an exclusive offering '*Burgundy Private*', and is extending the same for ××××××.

This premium service combines a powerful banking platform with tailored investment advisory solutions.

They are organizing an exclusive "*Q&A*" session for you all, in the coming weeks at ×××× Hotel.

If you are interested in
attending, please message me directly so I can coordinate your participation.

Thank you!

Warm Regards
×××××××
×××××××

This is what my HR has sent me

 

[m4b]

This is what my HR has sent me

So it's happening then!

 

[drabhishekladdha]

So it's happening then!

Let's see will update if that happens

 

[Wealth is my birth right!]

Dear sir

Greetings!

*Axis Bank* has introduced an exclusive offering '*Burgundy Private*', and is extending the same for ××××××.

This premium service combines a powerful banking platform with tailored investment advisory solutions.

They are organizing an exclusive "*Q&A*" session for you all, in the coming weeks at ×××× Hotel.

If you are interested in
attending, please message me directly so I can coordinate your participation.

Thank you!

Warm Regards
×××××××
×××××××

Oh so when the meet happening?

 

[drabhishekladdha]

Oh so when the meet happening?

Have given consent , date they will share

 

[Wealth is my birth right!]

Have given consent , date they will share

Salary Burgundy account private a new thing pls update us further ur meeting thanks

 

[tdot]

Have given consent , date they will share

Which city is this ?

 

[drabhishekladdha]

Salary Burgundy account private a new thing pls update us further ur meeting thanks

Sure will do

 

[sb210]

Any updates? @drabhishekladdha

 

[drabhishekladdha]

Any updates? @drabhishekladdha

Hi
After your messge i messged RM again , initially he had denied , but he told me today that im eligible and will start upagre process 2mrw .
Will post update once done

 

[netsec]

Hi
After your messge i messged RM again , initially he had denied , but he told me today that im eligible and will start upagre process 2mrw .
Will post update once done

What’s the eligibility for salary account?

 

[drabhishekladdha]

What’s the eligibility for salary account?

10L plus according to website , but they have tie up with your corporate they can relax it . I will conform all deatils as i dont meet any criteria mentioned on website.

 

[Vinay13]

10L plus according to website , but they have tie up with your corporate they can relax it . I will conform all deatils as i dont meet any criteria mentioned on website.

For salary burgundy: 10L Net salary should be credited or ITR>1.2cr is fine?
Whats criteria ?

 

[Vinay13]

10L plus according to website , but they have tie up with your corporate they can relax it . I will conform all deatils as i dont meet any criteria mentioned on website.

For salary burgundy do we get same benefits ? Because it says on website :
Complete benefits of Burgundy Private proposition can be availed, once the Total Relationship Value (TRV) requirement of Rs.5 crore is met (excluding Demat).

 

[sourpai]

For salary burgundy: 10L Net salary should be credited or ITR>1.2cr is fine?
Whats criteria ?

With Axis it is usually net salary credit only. For 10L net salary credit, your fixed pay (without ESOP / variable) should be somewhere between 1.9 - 2.0 Cr, as you will be crossing 39% Tax bracket

For some corporates with tie-up, this 10L can come down to may be 8-9L like in case of normal burgundy which comes down to 2L instead of 3L for tie up corporates

From what I have heard, they will evaluate the TRV at the end of one year and if it is more than 5Cr, then BP will continue. So you get one year period at least based on Salary criteria

 

[Vinay13]

its pretty useless then, I have seen anyone with such net monthly salary credit.

 

[drabhishekladdha]

For salary burgundy do we get same benefits ? Because it says on website :
Complete benefits of Burgundy Private proposition can be availed, once the Total Relationship Value (TRV) requirement of Rs.5 crore is met (excluding Demat).

Will update once my RM shares all deatil with me
Then will take a call if need to upgare to it nor not
As of now magnus burgundy is free for me and is ok for me