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Burgundy Private Eligibility Criteria
Eligibility criteria for new account/relationship, calculated at a Customer ID level or
Family
ID# level:
Savings Account:
Maintenance of a minimum Total Relationship Value (TRV) of ₹ 5 crore* by 12 months of account/relationship initiation.
Salary Account:
Net monthly Salary Credit** of Rs. 10 lakhs or more
On-going eligibility criteria for existing account/relationship, calculated at a Customer ID level or Family ID# level:
Savings Account:
Maintenance of a minimum Total Relationship Value (TRV) of ₹ 5 crore*.
Salary Account:
Net monthly Salary Credit** of Rs. 10 lakhs or more
*The One Card can be availed only by a Burgundy Private client upon
meeting the Total
Relationship Value
(TRV) requirement of Rs. 5 crore (excluding demat). Locker benefits after
12 months of Burgundy
Private account/relationship initiation is applicable only if the
eligibility criteria is met.
**Average of last 3 months. The One Card can be availed only by a Burgundy Private client upon meeting the Total Relationship Value (TRV) requirement of Rs. 5 crore (excluding Demat). Locker benefits after 12 months of Burgundy Private account/relationship initiation is applicable only if the eligibility criteria is met.
Total Relationship Value
^ Total Relationship Value (TRV), aggregated at Customer ID or Family ID# level, is composed of:
| Product/Relationship | Inclusions Allowed |
|---|---|
| Liability Relationship | Savings Account, Current Account**, Term Deposits, Recurring Deposits and/or Specified Investment Relationships, PIS Accounts (for NRI’s) |
| Investment* Relationship | Mutual Funds, Life Insurance, Alternate Investment Fund (Drawdown Amount), Discretionary Portfolio Management Service, Non-Discretionary Portfolio Management Service, RBI Bonds*, PPF*, NPS* |
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
Average Quarterly Balance (AQB) will be considered in case of Savings & Current Account. *Investment through Axis Bank to be considered
#Family ID is generated at the time customer enrolls into Family Banking Program
**Subject to family banking / grouping & applicable only for Resident individual, Sole Proprietor, HUF, Partnership, LLP, Private Limited Companies
Family Banking
Burgundy Private customers can extend their exclusive Burgundy Private privileges to
their family
members as under:
Customers can include additional family members in the Family Banking program
Not individually,
but as a family unit, these customers together would need to maintain
the Burgundy Private
eligibility criteria
All family members can avail of the Burgundy Private privileges if they hold a Burgundy
Private
Savings Account
Axis Bank reserves the right to change the benefits offered as part of the services.
For more, visit: www.axisbank.com/burgundyprivate
The terms and conditions mentioned in eligibility criteria are subject to modification from
time to time solely at Bank’s discretion.
