With a 760 CIBIL score, a 1 Cr FD, and a new ₹20L Burgundy account, your chances of Axis Magnus Burgundy credit card approval are already very strong—there’s no real need to wait. Since you're eligible on relationship value alone, you can apply right away if you're ready; however, waiting a month may help establish some transactional history, which can further smoothen the process (but isn’t mandatory in your case).