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Eligibility Criteria: Terms & Conditions Apply

The document outlines the eligibility criteria for Burgundy, a premium banking program offered by Axis Bank. To initially qualify, a customer must make an initial funding deposit of ₹5 lakhs or more. On an ongoing basis, customers must maintain one of the following: an average quarterly balance of ₹10 lakhs in savings accounts, ₹10 lakhs across savings and current accounts, a total relationship value of ₹30 lakhs, or a total relationship value of ₂1 crore including investments. Those who do not meet the criteria will be converted to a standard savings account. Family members can also qualify together under a family banking program

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Raj Kumar
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323 views5 pages

Eligibility Criteria: Terms & Conditions Apply

The document outlines the eligibility criteria for Burgundy, a premium banking program offered by Axis Bank. To initially qualify, a customer must make an initial funding deposit of ₹5 lakhs or more. On an ongoing basis, customers must maintain one of the following: an average quarterly balance of ₹10 lakhs in savings accounts, ₹10 lakhs across savings and current accounts, a total relationship value of ₹30 lakhs, or a total relationship value of ₂1 crore including investments. Those who do not meet the criteria will be converted to a standard savings account. Family members can also qualify together under a family banking program

Uploaded by

Raj Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ELIGIBILITY CRITERIA

Terms & Conditions Apply


1
BURGUNDY ELIGIBILITY
On-boarding criteria:

Initial funding cheque amount of ₹5 lakhs or more

On going eligibility criteria, calculated at a Customer ID level or Family


ID# level:
 Maintenance of an Average Quarterly Balance of ₹10 lakhs in the Savings Account, OR
 Maintenance of an Average Quarterly Balance of ₹10 lakhs across Savings Accounts and
Current Accounts, OR
 Maintenance of a minimum Total Relationship Value^ (TRV) of ₹30 lakhs, OR
 Maintenance of a minimum Total Relationship Value^ (TRV) of ₹1 crore which includes Demat
holdings, OR
 In case of a salaried customer, one should be receiving a net salary credit in excess of ₹3 lakhs
every month in Axis Bank Salary Account, OR
 Foreign Inward Remittance of at least ₹40 lakhs received through Wire transfer or Remit Money in
last 12 months (Only for NRI’s)

Please note that Burgundy Savings Account is mandatory for induction into Burgundy

Terms & Conditions Apply


1
TOTAL RELATIONSHIP VALUE
^ Total Relationship Value (TRV), aggregated at Customer ID or Family ID# level, is composed of:

Product/Relationship Inclusions Allowed

Savings Account, Current Account (Individually held), Term Deposits,


Liability Relationship Recurring Deposits and/or Specified Investment Relationships, PIS
accounts(for NRIs)

Mutual Funds, Life Insurance (Premium), General Insurance


(Premium), Private Equity Funds (Commitment amount), Structured
Investment* Relationship Products, Discretionary Portfolio Management Service, Non-
Discretionary Investment Advisory Service and Other Alternate Assets

Accounts of customers who do not maintain any one of the mentioned criteria will be converted to a lower category
Savings Account with appropriate advance intimation; fees and charges of the lower SB A/c will apply accordingly.

*Investment through Axis Bank to be considered


#Family ID is generated at the time customer enrols into Family Banking Program
Terms & Conditions Apply
2
FAMILY BANKING

Burgundy customers can extend their exclusive Burgundy privileges to their family members as under:

 Customers can include additional 3 family members in the Family Banking program

 Not individually, but as a family unit, these customers together would need to maintain the
Burgundy eligibility criteria

 All family members can avail of the Burgundy privileges if they hold a Burgundy Savings Account

Axis Bank reserves the right to change the benefits offered as part of the services. Terms & Conditions Apply
3
Thank you

For more, visit: axisbank.com/burgundy


The terms and conditions mentioned in eligibility criteria are subject to modification from time to time solely at Bank's discretion.

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