Product Details
Bank Name
Axis Bank
Account Name
Axis Burgundy Digital Savings Account
Account Type
Savings Account
Interest Rate
Less than Rs. 50 Lakh-3.00% p.a. and Rs. 50 Lakh and up to less than Rs. 800 Crs-3.50% p.a.
Free Debit Card
Burgundy Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 10,00,000.
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Axis Burgundy Digital Savings Account
Special Features
Users can avail "One Glance Statement" service to get a comprehensive overview of wealth and relationship with Axis Bank.
Extend Burgundy privileges to up to 3 additional family members and an additional 10% off on lockers and a complimentary Burgundy debit card for each member.
96 complimentary movie and event tickets annually through BookMyShow with a 'Buy One Get One' offer exclusively for Axis Bank Burgundy customers.
Air accident insurance of ₹1 crore and personal accident insurance of ₹15 lakhs.
Special golf privileges of up to 4 complimentary rounds of green fees and 12 complimentary rounds of golf lessons per calendar year.
Users enjoy a 60% discount on locker rent.
Travel benefits with travel and medical insurance, along with up to 32 complimentary access to airport lounges.
1% cashback on online spending made through E-Debit Cards.
10% cashback every time shopping on Amazon and Flipkart via Grab Deals.
Eligibility Criteria
Applicant must be an Indian citizen.
Applicant must have original PAN and Aadhaar Card.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Users can avail "One Glance Statement" service to get a comprehensive overview of wealth and relationship with Axis Bank.
Extend Burgundy privileges to up to 3 additional family members and an additional 10% off on lockers and a complimentary Burgundy debit card for each member.
96 complimentary movie and event tickets annually through BookMyShow with a 'Buy One Get One' offer exclusively for Axis Bank Burgundy customers.
Air accident insurance of ₹1 crore and personal accident insurance of ₹15 lakhs.
Special golf privileges of up to 4 complimentary rounds of green fees and 12 complimentary rounds of golf lessons per calendar year.
Users enjoy a 60% discount on locker rent.
Travel benefits with travel and medical insurance, along with up to 32 complimentary access to airport lounges.
Unlimited free fund transfers through NEFT/RTGS/IMPS.
Cons
Very high Average Monthly Balance (AMB) requirement.
Low interest rates.
Axis Burgundy Digital Savings Account
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Verify your identity using PAN and Aadhaar.
Provide your information.
Fulfill your KYC requirements through a video call.
Deposit funds into your account.