Too late for Magnus burgundy LTF?

[theglobalinvestor]

Is it too late to get the magnus burgundy LTF now? Have a select card and regular axis SB account with a 15L FD.

Anyway to get in on this now? TIA

 

[sxchzy]

Somebody was saying this offer was going to get extended.
Make a 30L fd and let it get generated in your ogs
Then mostly LTF is possible

 

[aayusharyan]

Somebody was saying this offer was going to get extended.
Make a 30L fd and let it get generated in your ogs
Then mostly LTF is possible

What's OGS ?

 

[saurabhduasd]

What's OGS ?

One glance statement, it comes on mail every 4/5th of month once we open axis account

 

[theglobalinvestor]

One glance statement, it comes on mail every 4/5th of month once we open axis account

OK, I don't think I get these. Just regular statements by email on the 7th of the month. How to get these? Is this only once you become burgundy? What is the email subject usually?

 

[saurabhduasd]

OK, I don't think I get these. Just regular statements by email on the 7th of the month. How to get these? Is this only once you become burgundy? What is the email subject usually?

Mail subject e.g. November 2023 - One glance statement

 

[drsel]

Is it too late to get the magnus burgundy LTF now? Have a select card and regular axis SB account with a 15L FD.

Anyway to get in on this now? TIA

With only 12 days left you can deposit over 75 lacs in your Burgundy savings account to meet 10 lacs AQB

 

[chasni]

OK, I don't think I get these. Just regular statements by email on the 7th of the month. How to get these? Is this only once you become burgundy? What is the email subject usually?

Yes after becoming Burgundy

 

[saurabhduasd]

With only 12 days left you can deposit over 75 lacs in your Burgundy savings account to meet 10 lacs AQB

Still it won't be enough I guess as they calculate AQB on quarterly basis after quarter ends e.g. July to September

 

[theglobalinvestor]

Still it won't be enough I guess as they calculate AQB on quarterly basis after quarter ends e.g. July to September

Yes, you also need to be burgundy for 45 days to be eligible - https://www.axisbank.com/docs/defau...cards/magnus-credit-card-for-burgundy-faq.pdf

 

[vijay15]

Anyone received magnus Burgundy based on salary less than 3L/month. Can RMs help in this regard?

 

[coolguy1]

Anyone received magnus Burgundy based on salary less than 3L/month. Can RMs help in this regard?

Some people got Burgundy with 2L salary but I doubt anyone got MB with less than that until now.

 

[vijay15]

Some people got Burgundy with 2L salary but I doubt anyone got MB with less than that until now.

Thanks for confirming. Need to decide on moving my salary account from HDFC to Axis.

 

[sahil624]

Some people got Burgundy with 2L salary but I doubt anyone got MB with less than that until now.

Is it with special approval? Whom to contact for this?

 

[Dexter]

Yes, you also need to be burgundy for 45 days to be eligible - https://www.axisbank.com/docs/defau...cards/magnus-credit-card-for-burgundy-faq.pdf

Not really, I got within 23 days of TRV.

 

[shashankrt]

Yes, you also need to be burgundy for 45 days to be eligible - https://www.axisbank.com/docs/defau...cards/magnus-credit-card-for-burgundy-faq.pdf

This is no longer applicable. Quite a few ppl got MB after 1 month of opening account after their 1st OGS was generated. Even my RM is saying I can apply once my OGS is generated and I only opened account on 8th Nov.

 

[shashankrt]

Is it too late to get the magnus burgundy LTF now? Have a select card and regular axis SB account with a 15L FD.

Anyway to get in on this now? TIA

Well depends on how are you planning to achieve the AQB / TRV / Salary criteria. For salary it will not be possible till Jan as earliest salary credit will be for Dec and it will reflect in OGS only in Jan.

You can try for TRV however it will need additional 15 lakh funding. Best option would be to do the offline conversion via RM - however above funding requirements still apply.

 

[theglobalinvestor]

This is no longer applicable. Quite a few ppl got MB after 1 month of opening account after their 1st OGS was generated. Even my RM is saying I can apply once my OGS is generated and I only opened account on 8th Nov.

Oh thats good to know. Thanks! So I should be able to get burgundy once I create another FD of 15L? And then how long before I can get MagBurg LTF?

 

[shashankrt]

Oh thats good to know. Thanks! So I should be able to get burgundy once I create another FD of 15L? And then how long before I can get MagBurg LTF?

well creating an FD only for burgundy may be loss making as Axis does not offer good interest rates. Better is keep that as balance in account and switch later on after upgrade. However discuss with your RM before any move and negotiate as you are old Axis account holder.
Also not sure about free MB - however you will be eligible for paid MB sometime in Jan / Feb.

 

[arun4455]

Any update whether the said offer still available as read somewhere extended?