• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Citibank account to Axis Account conversion

Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.

Quantum

TF Premier
Off late, folks have been wondering about the Axis account types post migration.
It seems Axis has already finalized the Axis account types for Citibank accounts as Axis has started sending out the Axis cheque books.

Following is the info that seems to be true as of now for Axis Burgundy account:
  • If you have a Citi salary account, and even though your salary isn't in excess of 3L per month, BUT you maintained the 15L NRV and your Citi salary account was also a Cit Priority account, then your Citi salary account will be converted to Axis Burgundy Salary account. Employer and Citi tie-up has some contribution too.
  • If you have a Citi salary account, and your salary is in excess of 3L per month, then even though you don't maintain 15L NRV or Citi Priority, your Citi salary account will be converted to Axis Burgundy Salary account.
  • If you have a Citi savings account, and you maintain 15L NRV or Citi Priority, then your Citi account will be converted to Axis Burgundy Savings account.
Following is the info that seems to be true as of now for Axis Priority account:
  • If your salary credit is less than 3L per month to Citi account, and you don't maintain 15L NRV/Citi Priority, then your account will be converted to Axis Priority Salary account.
  • If you have a Citi savings account and you don't maintain 15L NRV/Citi Priority but somewhere around 2-4L, then your account will be converted to Axis Priority Savings account.
Citi Gold will be converted to Burgundy private.

IMO, if it is a salary account conversion, you need not worry about maintaining any other criteria other than the salary itself, and you should continue using the account.
But if it is a savings account conversion, and that too to Burgundy savings account, most probably you would need to maintain the AQB/AMB criteria, which doesn't make sense to me given the devaluations. I don't see it as a very logical decision to maintain the equivalent Axis account with higher AMB/AQB than Citi.
Not sure if post migration, Axis is planning to relax the Burgundy eligibility criteria and make it equal to the peanuts that they are offering now in terms of Burgundy/M4B benefits.

This is just a compilation of info that I got from colleagues/friends as Citi had a tie-up with my employer and many still have the salary/savings accounts with Citi.
As far as the value of Burgundy/M4B is concerned, The thrill is gone :)
 
Last edited:

Quantum

TF Premier
Just heard back from the Axis PNO. Turns out they are as dumb as general Axis customer support. Have sent a follow up email. Hopefully, it's more positive this time
About their dumbness, don't be surprised if you get the exact same response again from the PNO desk as part of your follow-up. Follow up until all your queries are answered.
 

statusquo

TF Select
About their dumbness, don't be surprised if you get the exact same response again from the PNO desk as part of your follow-up. Follow up until all your queries are answered.
You were right. Got the same response once again. Third response seems to be better and they are checking with their team about it
 
Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
Top