Burgundy salary family program

[Akahaybhatt]

I have burgundy salary account and need to open burgandy account of wife under my family program

Can somone tell if the initial funding is required?
Do they need to maintain balanace?

 

[vaibhav111vaibhav111 is verified member.]

I have burgundy salary account and need to open burgandy account of wife under my family program

Can somone tell if the initial funding is required?
Do they need to maintain balanace?

in the meantime pls check two of this thread it the similar question asked here

Axis Burgundy family link

My father holds Burgundy savings account but my uncle doesn't hold any axis bank savings account. We have current account in axis bank . I told RM to link current account in family but RM says all partners should hold axis burgundy account then only we can link in family.

www.technofino.in

Opening and addition of minor account to Axis Burgundy family program

Hi folks, I have Burgundy salary account with axis bank. I am looking to open an account for my minor child and get that account added to Family banking program of Burgundy. Can someone guide or have experience of the following: What is the procedure of opening a new minor account and get it...

www.technofino.in

 

[vaibhav111vaibhav111 is verified member.]

It's under Services --> Accounts --> Family Banking - not my content just copied and pasted from another thread for quick solution.

I have burgundy salary account and need to open burgandy account of wife under my family program

Can somone tell if the initial funding is required?
Do they need to maintain balanace?

 

[Pr@k]

I have burgundy salary account and need to open burgandy account of wife under my family program

Can somone tell if the initial funding is required?
Do they need to maintain balanace?

I dont have a Sal account but have a Fam Burgandary account and if i remember correctly they had wanted Rs 30L in FD's across accounts (we have 4 tagged in our Family)

 

[ankitfintech]

What is the criteria for adding family members as burgundy account holders?
In my area I opened burgundy for myself with 5L criteria.. but for adding family members as linked account RM says total money in all accounts combined should be 10L.. is it true?

 

[mojo_jojo123]

I am eligible for Axis burgundy salary account .. is it worth opening it ? I have HDFC preferred salary account currently ..

 

[funatlearn]

I opened burgundy account to get magnus Ltf. Otherwise I was ok with hdfc preferred acc. If you don't require credit card, you are not missing anything by not having axis account. You will get lot of spam.

 

[mojo_jojo123]

I opened burgundy account to get magnus Ltf. Otherwise I was ok with hdfc preferred acc. If you don't require credit card, you are not missing anything by not having axis account. You will get lot of spam.

for magnus LTF do they have hard limit of 3L ?

 

[funatlearn]

That's what they told me, and 1 salary credit

 

[nigameash]

What is the criteria for adding family members as burgundy account holders?
In my area I opened burgundy for myself with 5L criteria.. but for adding family members as linked account RM says total money in all accounts combined should be 10L.. is it true?

Which area is that (if you don't mind sharing the branch location)?

 

[funatlearn]

If have 2 accounts in axis bank ( family members)
I have burgundy salary account.
Can someone confirm if there is need to maintain trv if I attach family members account to burgundy?

 

[starstruck]

If have 2 accounts in axis bank ( family members)
I have burgundy salary account.
Can someone confirm if there is need to maintain trv if I attach family members account to burgundy?

If you have burgundy salary account and link your family members to your account via family id, then no separate TRV needs to be maintained provided you keep on getting more than 3 lakhs net per month.