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MAGNUS BURGUNDY - FD Criteria

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But thats how the limit starts for new Axis customers. Make sure to confirm these things first before paying fees

Mine went from 1.3 -> 1.9 -> 6.7L
My father recently applied for M4B and he got just 2 lacs limit whereas I got 8 Lacs starting Credit limit for my M4B. Please explain how did you increase the limit as I need to make payment around 18 Lacs from Father's M4B by end of this month.
 
My father recently applied for M4B and he got just 2 lacs limit whereas I got 8 Lacs starting Credit limit for my M4B. Please explain how did you increase the limit as I need to make payment around 18 Lacs from Father's M4B by end of this month.
Spend full 2 lakhs and dont pay until bill generation. When they will notice you are using 100% of your limit then next month they will provide extension
 
My father recently applied for M4B and he got just 2 lacs limit whereas I got 8 Lacs starting Credit limit for my M4B. Please explain how did you increase the limit as I need to make payment around 18 Lacs from Father's M4B by end of this month.
2L -> 18L is a substantial jump considering the card was issued recently.
 
do we really need to open a FD? I heard that having a MAB of 10 lakhs for a quarter was sufficient.
Saving account will not give any interest, however FD can provide interest at least(7-8%). If someone needs to invest in FD anyway, then he/she can go for this channel to get M4B
 
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FD model is for:
1. Someone who has some extra money that needs to be parked.
2. Someone who needs the M4B urgently since one can get the card within a month by this method. The savings account 10 lacs MAB will need at least a quarter before you become eligible.
 
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