Which bank will give super premium card on LTF on 1.5cr initial deposit

[ankitfintech]

Hi I want to know which bank will offer their super premium credit card as LTF on deposit of 1.5cr for 6 months. Since I get the card as LTF, I should not worry about keeping the amount permanently.. Axis burgundy private as FYF? ICICI Emeralde LTF? Axis reserve as LTF? Others?

Background - I have sold shares of my company in Nasdaq and I have received approx 1.5cr amount which is currently parked as cash in US brokerage account. I can park this money in Indian Bank for around 6 months after which I need to use the same amount for purchasing residential property or deposit the money in CAGS bank account for avoiding taxes..

 

[Bugs Bunny]

bank can bend any rules for business

Indeed bank can bend any and every rule for business axis being an exception. These guys can file for bankruptcy but do business and I've not seen axis maintaining burgundy status of customers whose balance drops unlike the wealth management (icici), imperia & preferred (hdfc), so not sure they will maintain your burgundy private status after you withdraw your funds.

 

[0xfallup]

yeah axis ko last mai dekhna sabse... phle baki k nipta lo

 

[SSV]

bank can bend any rules for business

Yes,
There are NO RULES for money, I mean BIG MONEY....

 

[SSV]

Indeed bank can bend any and every rule for business axis being an exception. These guys can file for bankruptcy but do business and I've not seen axis maintaining burgundy status of customers whose balance drops unlike the wealth management (icici), imperia & preferred (hdfc), so not sure they will maintain your burgundy private status after you withdraw your funds.

I am sorry, lets talk about BANKS... proper BANKS...or kind of proper banks...

 

[Bugs Bunny]

I am sorry, lets talk about BANKS... proper BANKS...or kind of proper banks...

Hahahaha community disowning axis

 

[SSV]

Hahahaha community disowning axis

Noone can save anyone if they are self destructing themselves..Even it's beyond heveanly intervention.. that sort of behavior is being exhibited in the recent past

 

[alphadark7]

Hahahaha community disowning axis

Yeah
The kind of bank Axis is, I am not planning to open an account even if they convert my Magnus to LTF

HDFC and ICICI are way better

 

[InquisitiveWhiz]

In today's world, no banks are customer centric. They are here to make profits with the customer money. It all depends on what the bank gives in return for that money. This will vary on case to case and bank to bank basis.

 

[Bugs Bunny]

Noone can save anyone if they are self destructing themselves..Even it's beyond heveanly intervention.. that sort of behavior is being exhibited in the recent past

Agreed 100%.

 

[Bugs Bunny]

Yeah
The kind of bank Axis is, I am not planning to open an account even if they convert my Magnus to LTF

HDFC and ICICI are way better

Indeed we had all our business with axis as the BM was a kind of relative but now shifted all to ICICI

 

[SSV]

Indeed we had all our business with axis as the BM was a kind of relative but now shifted all to ICICI

God forbid, if you had not moved to ICICI....

 

[Dragon_slayer]

Burgundy private would be a good option, although you should rather invest the money in some short term fd. You would be losing money on interests in savings account, compared to the card cost.

 

[Bugs Bunny]

God forbid, if you had not moved to ICICI....

So my father is a business man and he had huge nrv at any given point of time which could get him eligible for burgundy private and as the BM was known he did several shitty insurances too and my father still had a privilege account. When I got to know I obviously went to the branch castigated the manager for fooling my father all these years. Complained against him and shifted the business to ICICI.

 

[SSV]

So my father is a business man and he had huge nrv at any given point of time which could get him eligible for burgundy private and as the BM was known he did several shitty insurances too and my father still had a privilege account. When I got to know I obviously went to the branch castigated the manager for fooling my father all these years. Complained against him and shifted the business to ICICI.

Well done..

 

[pmhunter]

Try for HDFC Infiniti if possible, Infinia comes with it

 

[0xfallup]

@ankitfintech any update about your journey