Shifting salary account from Axis to other bank

[RM95]

If I shift my salary account from Axis to some other bank, but I keep depositing a good amount of money into Axis every month, will Axis realise the account is not receiving an active salary and change it to a savings account?

 

[souvikr]

The effort to maintain a dummy salary account is not worth it. Either stay with axis or move to other bank and use axis as regular savings account.

 

[RM95]

Was thinking about maintaining it in case I have to shift back again. My current employer wants me to shift to a bank with which they have a corporate relationship.

 

[souvikr]

Dont worry savings account can be converted to salary account again if needed.

 

[RM95]

Oh, cool then. Thanks!

 

[harshk]

I am on same boat I am having a priority salary account with axis but with the debit card benefits removed now looking at other options. Any suggestions on ICICI or HDFC in terms of benefits?

 

[RM95]

I'm shifting to HDFC since their Salary account is similar to their Savings Max Account, minus the 25k MAB requirement. Easyshop platinum card.

 

[CMGCMG is verified member.]

I'm shifting to HDFC since their Salary account is similar to their Savings Max Account, minus the 25k MAB requirement. Easyshop platinum card.

Only premium salary account has 0 fee platinum card. There is another variant - Premium salary with millennia debit card where millennia is free.

 

[vasanth_ece]

I have salary account from 2014-15 but keep as it is.still not charged any charges for debit card and still I see salary account code SAPPM in my axis Bank.

 

[RM95]

Only premium salary account has 0 fee platinum card. There is another variant - Premium salary with millennia debit card where millennia is free.

Oh, I got easyshop platinum DC (no annual charges), but is there any way to check my salary account variant.

 

[RM95]

I have salary account from 2014-15 but keep as it is.still not charged any charges for debit card and still I see salary account code SAPPM in my axis Bank.

Do you deposit money regularly into that account? Do you maintain any minimum balance?

 

[vasanth_ece]

Do you deposit money regularly into that account? Do you maintain any minimum balance?

I maintain between 10-25k.

 

[kjs]

I am on same boat I am having a priority salary account with axis but with the debit card benefits removed now looking at other options. Any suggestions on ICICI or HDFC in terms of benefits?

I am using the axis priority account what benefits have they removed from debit card ?

 

[vasanth_ece]

I am using the axis priority account what benefits have they removed from debit card ?

Not using the debit card at all.But i think they provide 1% cashback of 15K or more spends in month with lots of restrictions. So avoid it completely.We know how axis is..

 

[harshk]

I am using the axis priority account what benefits have they removed from debit card ?

The hallmark feature was 10% cashback/points which was removed an year back. With further devaluation it is a useless account.

 

[RM95]

The hallmark feature was 10% cashback/points which was removed an year back. With further devaluation it is a useless account.

Can you suggest any alternate bank's salary accounts which I can use in place of the Axis one?

 

[avishj]

The hallmark feature was 10% cashback/points which was removed an year back. With further devaluation it is a useless account.

That was such a great feature, milked 2.5K quarterly from it so nicely 🙂
It was a sad day when they removed that :/

 

[kjs]

The RM's never give an info related to all this..they are only taught to sell something and they expect customer to take something or the other through them every month

 

[kjs]

Can you suggest any alternate bank's salary accounts which I can use in place of the Axis one?

ICICI has good customer service, but sometimes they do irritate as they want to send us to branch for silly things like

1. Changing address in loan account. Even though account has address updated
2 . Convert 10k balalnce account to 0 balalnce

Otherwise customer service is prompt u will also get calls for the query that you raise in case they can explain over email in detail..They dont have RM but in one way its good.. seriously RM are of no use these days.. they are just good for nothing..since everything is automated based on account track record and monitoring banks provide you will all possible offers from their end..

You have see if u can convert any of ur existing account to salary so u dont have to open a new acc..

 

[harshk]

ICICI has good customer service, but sometimes they do irritate as they want to send us to branch for silly things like

1. Changing address in loan account. Even though account has address updated
2 . Convert 10k balalnce account to 0 balalnce

Otherwise customer service is prompt u will also get calls for the query that you raise in case they can explain over email in detail..They dont have RM but in one way its good.. seriously RM are of no use these days.. they are just good for nothing..since everything is automated based on account track record and monitoring banks provide you will all possible offers from their end..

You have see if u can convert any of ur existing account to salary so u dont have to open a new acc..

Yes I met some representatives in a wealth branch of ICICI yesterday. There was a lot of bla bla on interest benefits on loans, personal financial advise etc. etc. but no one to suggest hacks in any products like Axis priority used to have back in the days. At that time I resisted upgrading to burgundy though the BM was after me saying it is higher tier etc. However. it is a dead product now. If nothing works in ICICI/HDFC I will downgrade my account to Liberty.