Product Details
Bank Name
Axis Bank
Account Name
Axis Burgundy Salary Account
Account Type
Salary 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 Private Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Axis Burgundy Salary Account
Special Features
Users will get a daily cash limit of Rs. 3,00,000 and a purchase limit of 6,00,000.
With the Burgundy private debit card, users will get benefits like discounts in partner restaurants, complimentary airport lounge access, complimentary movie tickets, etc.
Users enjoy a 60% discount on locker rent.
Users can avail "One Glance Statement" service to get a comprehensive overview of wealth and their relationship with Axis Bank.
Air accident insurance of ₹1 crore and personal accident insurance of ₹15 lakhs.
Eligibility Criteria
Employees with a net monthly salary credit of 3,00,000 will be eligible to open this account.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Users will get a daily cash limit of Rs. 3,00,000 and a purchase limit of 6,00,000.
With the Burgundy private debit card, users will get benefits like discounts in partner restaurants, complimentary airport lounge access, complimentary movie tickets, etc.
Users enjoy a 60% discount on locker rent.
Users can avail "One Glance Statement" service to get a comprehensive overview of wealth and relationship with Axis Bank.
Unlimited free fund transfers through NEFT/RTGS/IMPS.
Cons
Low interest rates.
Very high monthly salary is required to open this account.
Axis Burgundy Salary Account Review
The account comes with low interest rate and offers minimal 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.