Did your branch give you the offer above? Because as per the website:
--You need to spend 75000 in 180 days AND
--Have an AQB of 3 lakhs for 2 quarters (AND the FD cushion doesn't count)
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The Customer is eligible for Epicure Preferred membership valid at Taj, SeleQtions and Vivanta hotels, subject to minimum spends of Rs. 75,000 on the Debit card in first 180 days after Account opening and and Product Average Quarterly Balance maintained in the Savings account as per T&C for two quarters from next month of Account opening. For complete Terms and Conditions, refer Epicure Program section on Taj Hotels website. Post fulfilling the eligibility criteria, the Customer will receive voucher within 90 days from end of eligibility period.
FD cushion is not applicable for claiming merchant benefit
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P.S. I wanted to open this account but was put off by the AQB and the FD cushion not counting. That works out to (7%-3%) = 4%/2 (cos only 2 quarters) = 2% of 3 lakh i.e. Rs 6000 for 2 quarters in terms of lost interest charges. This is partially offset by the 2K vouchers that you get; which means you pay about 4K for the Taj membership. Leaving aside the discounts of the membership you pay 4K for a free 1 night stay with breakfast for 2, a free set lunch for 2, 1 free spa session