Axis Bank Burgundy Account is a premium, feature-packed bank account offered by one of India’s leading private banks, renowned for offering a wide range of financial products and services. The bank provides various banking services and solutions such as savings accounts, loans, debit cards, credit cards, rewards & investment options. With its strong presence across the country, Axis Bank is trusted by millions for its incredible and efficient banking services. Axis Bank understands its customers’ lifestyles and needs, and therefore, the bank offers a range of personal banking extrication created to deliver seamless, consistent & rewarding experiences at every touchpoint.
Burgundy Membership Eligibility Criteria
(Any of the below, as applicable):
- Average Quarterly Balance of ₹ 10 lakhs (in Savings Account)
- Average Quarterly Balance of ₹ 10 lakhs (in Savings & Current Account)
- Minimum Total Relationship Value of ₹30 lakhs
- Minimum Total Relationship Value of ₹1 crore (including Demat holdings)
- Net salary Credit over ₹ 3 lakhs/month (in the salary account of Axis Bank)
- For NRIs, Foreign Inward Remittance of at least ₹ 40 lakhs through wire transfer in the last 12 months
How to Open an Axis Bank Burgundy Account
Burgundy savings account can be opened either offline or online.
Offline:
One can open a Burgundy savings account offline by visiting a branch and collecting an application form. Applicants can also download the form from the bank’s website.
To open an Axis Bank Burgundy account, you’ll need to:
- Enter your name, address, phone number, and preferred branch (near your residence) in the application form.
- Submit your KYC documents and recent passport-size photographs with the form to the branch.
- Wait for the bank to verify your application.
- Receive a notification on your registered mobile number once the user’s account is activated.
- Also receive a welcome kit with your debit card, passbook and cheque book.
You’ll need to provide the following documents:
Identity Proof: Voter’s ID card, Aadhaar card, Passport, or Driving License
Address Proof: Aadhaar card, Voter’s ID card, or Utility Bills (telephone, water, electricity)
Form 16 If you don’t have a PAN card
Online/Digitally:
One can open his Burgundy savings account through the digital medium (online) by following these four steps. These are as follows:
Step 1) Go to the Axis bank account opening page, select Burgundy bank account
Step 2) Complete the PAN & Aadhaar verification
Step 3) Fill in your personal details
Step 4) Complete the KYC verification through a video call
Step 5) Deposit funds into your account
Basic requirements while opening Burgundy Digital Saving Account:
- A phone/laptop with a working camera to complete the KYC verification video call ( e-KYC)
- Permission to access camera & location of customer’s device
- Need to deposit opening funds through debit card/ internet banking or UPI
- Account holders will not be able to use a credit card to make the initial deposit. Please keep your debit card / UPI handy
Eligibility & Documents Required for Axis Bank Burgundy Digital Saving Account
To open a burgundy digital savings account, Axis Bank requires customers to fulfill the following eligibility criteria:
- The person applying for a Burgundy account should be an Indian citizen
- Should have the valid PAN & Aadhaar card
- PAN & Aadhaar should be linked
Balance Requirement & Charges for Burgundy Digital Account Opening
- Initial Funding of ₹5 lakh
- Average Quarterly Balance (AQB) of ₹10 lakh
- Issuance of primary Debit Card/Annual Fees is Nil
Detailed Benefits of Burgundy Digital Saving Account with Burgundy Debit Card
- Account holders can extend burgundy privileges to up to 3 additional family members & can get 10% off on lockers in addition to a complimentary burgundy debit card for each member.
- Account holders will enjoy 96 complimentary movie & event tickets per annum via BookMyShow with a ‘Buy 1 Get 1’ offer exclusive for Axis Bank burgundy customers.
- Burgundy account also includes Air Accident Insurance of ₹1 crore & Personal Accident Insurance of ₹15 lakhs.
- Account holders will enjoy special golf privileges of up to 4 complimentary rounds of green fees & 12 complimentary rounds of golf lessons per calendar year.
- Enjoy a 60% flat discount on locker rent to secure your life savings.
- Enjoy travel benefits with travel & medical insurance along with up to 32 complimentary airport lounge access.
- Account holders will get 1% cashback on online purchases via E-Debit cards.
- They will also earn 10% cashback every time on Amazon & Flipkart shopping through grab deals.
- Get the best of the best financial experts for managing your investment portfolios through in-depth market research.
- Enjoy high daily cash withdrawal & purchase limit, for burgundy customers it is ₹ 3 lakh & ₹ 6 lakh respectively (it is subject to the balance held in the account).
- Avail of business & financial solutions to facilitate business growth, meet personal needs & assist capital-related investments.
- Use the benefit of 24X7 burgundy exclusive support service with no IVR (Interactive Voice Response).
- Get a dedicated relationship manager assigned to you with your Burgundy Digital Savings Account.
Burgundy Debit Card
The benefits of burgundy debit cards allow confident card users to experience the best of all world, they enjoy a bunch of bonanzas such as:
- Annual charges are waived on burgundy debit cards.
- Burgundy debit card holders enjoy the convenience of Contactless Payments with an increased payment limit of up to ₹ 5,000.
- Easy generation of Debit Card PIN anytime by the cardholder at his convenience at the nearest Axis Bank ATM, Axis Mobile App, Internet Banking, or by calling Axis Bank Phone Banking.
- Enhanced daily cash withdrawal limit of up to ₹3 lahks & purchase limit of ₹ 6 lakh on burgundy debit card. In the case of the burgundy minor account, (account holder below 18), maximum daily cash withdrawal limit of ₹1,500 & purchase limit of ₹1,000 only.
- Enjoy free ATM withdrawals from any bank’s ATMs in India & abroad (a foreign currency mark-up fee of 3.5% will be applicable in case of withdrawal from a foreign country).
- Enjoy an unforgettable dining experience with ₹1,000 off and more through the Axis Bank Dining Delights Program with EazyDiner.
- All consumer durable goods purchased using this debit card are insured against fires, natural disasters, burglary & housebreaking for up to 90 days from the purchase date, making you eligible for purchase protection of up to ₹ 50,000.
- Loss/Delay in baggage & personal documents: 500 USD
- Purchase protection: ₹ 50,000
- Enjoy 3 complimentary visits quarterly at specific airport lounges. This offer is based on a minimum eligible spend of ₹ 5,000 in the previous 3 calendar months. If the debit card is newly issued, the min. spend criteria is waived for the month of issuance as well as for the following 3 months.
- EDGE REWARDS Points for transactions & 500+ rewards & offers to redeem these collected points. Get points for these transactions, as:
- 2 points for each ₹ 200 spent, domestically
- 6 points for each ₹ 200 spent, internationally
Fees & Charges for Burgundy Debit Card
The Burgundy Debit Card fees include annual charges, which are waived. The customized card design fee is not applicable to this card. The fees & charges for the Burgundy Debit Card are listed below:
| Types of Charges | Amount |
|---|---|
| Joining/Issuance Fee | Nil |
| Annual Fee | Nil |
| Card Replacement Fee | Nil |
| ATM Withdrawal Limit (Per Day) | ₹ 3,00,000 |
| POS Limit Per Day | ₹ 6,00,000 |
| Personal Accident Insurance Cover | ₹ 15,00,000 |
| Airport Lounge Access | Yes |
| Foreign Currency Mark-Up Fee | 3.5% levied in case of all international transactions |
| Dynamic Currency Conversion (DCC) Mark-Up Fee | 1% +GST will be applicable |
| Annual Fee for Non-Maintenance of Burgundy Status | INR 1500 + TAX applicable on non-maintenance of burgundy status |
| NetSecure with 1 Touch Issuance Fee | ₹ 1,000 |
| My Design Card Issuance | Charges may vary as per image selected |
| Chequebook Issuance | Unlimited & free |
| NEFT Transaction Limits | Unlimited & free |
| Monthly Cash Transaction/No. of Transactions/Limits | ₹ 15 lakhs/10 free transactions/whichever is breached earlier |
| Charges Beyond Free Limits | ₹ 5 per ₹ 1,000 or ₹ 150, whichever is higher |
FAQs
What is the minimum balance required in the Axis Bank Burgundy Digital Savings Account?
The average quarterly balance (AQB) required for this account is ₹ 10 lakh.
What is a burgundy account in Axis Bank?
Axis Bank Burgundy account is a premium personal banking account that offers tailor-made services and integrated wealth management to account holders to offer a premium and holistic banking experience.
Is locker free for burgundy account?
One-time Locker registration charge, ₹ 1,000 + GST (Not applicable for Burgundy / Burgundy Private customers). Number of free locker visits – 3 per calendar month, post which ₹ 100 + GST applicable per visit (Not applicable for Burgundy / Burgundy Private customers).
Who is eligible for Burgundy account?
Employees with a net monthly salary credit of min. ₹ 3 lakhs per month will be eligible.
How does the monthly interest credit for a Burgundy savings account work?
The monthly interest rates are calculated per existing savings account norms & regulations and paid out on a quarterly basis.
Axis Bank Burgundy account features
Burgundy account offers premium features like complimentary airport lounge access, complimentary golf rounds, golf training, travel insurance, increased withdrawal limit, premium debit and credit cards, relationship manager, priority customer services, etc.
What to do if fraudulent activities are detected on Burgundy private debit card?
In case the debit card is lost or stolen or suspicious activities are recognized, Users can immediately block it by following these given steps:
– SMS ‘BLOCKCARD’ & send it to 5676782 ( NRI customers to send the message to +91-97-17000002)
– Call on emergency helpline no. +91-22-67987700 or customer care no. 1860-419-5555/1860-500-5555 for executive’s assistance.
– Log in to your internet banking account & select the ‘Block Card’ option in the debit card section.
What is a burgundy private credit card?
The Burgundy private credit card is a premium, feature-packed card offered to Burgundy account holders of Axis Bank. to know about it in detail (eligibility, features etc), click here
To know about more credit cards from Axis Bank, click here
