MAGNUS BURGUNDY - FD Criteria

[kishanvkumar]

With 30 lakhs in either FD/Savings account, typically how much is the wait time before we can apply for Burgundy Magnus. Not seen any deterministic information anywhere. some say it is 30 days, some say can immediately apply, some says 45 days. My RM says 45 days. Would be good to know the realistic experience of how much wait time was there before anyone got the card.

 

[Riva]

With 30 lakhs in either FD/Savings account, typically how much is the wait time before we can apply for Burgundy Magnus. Not seen any deterministic information anywhere. some say it is 30 days, some say can immediately apply, some says 45 days. My RM says 45 days. Would be good to know the realistic experience of how much wait time was there before anyone got the card.

With 30 lakhs, you would need the one glance statement for that month, post which you should be good to apply for the card. So yea, approx 45 days would work. If you do the 10L savings route you would need 3 months of one glance statements before you can apply.

 

[mojo_jojo123]

With 30 lakhs, you would need the one glance statement for that month, post which you should be good to apply for the card. So yea, approx 45 days would work. If you do the 10L savings route you would need 3 months of one glance statements before you can apply.

What is the reason behind such discrimination ?