Axis Priority Account - Does it worth ?

17°
Missing
Deal Cadet
55
604
8

Thinking to get Axis priority Account only to take 10% Cash Back Benefits ( now reduced to edge points which can be used to buy Amazon GV)

Does it really worth now ?

Locking 2 Lac on just 3.5% interresr in Saving or locking 15 lac on just 6.2% on  FD to get this 10% RP .

What other benefits one will get in this account type to compensate the income you lose on locking these amount with a Bank ?

Salary priority account is different I am asking for saving priority account .

Is there any other way to get saving priority account with decent earning with investment of lockig amount ?

3 Comments  |  
3 Dimers
Missing
Deal Subedar
275
1062
9

It depends whether you see 10% cashback as return for your money or as an additional benefit of your savings account. There are many other benefits that are available with the account that hold value for people  like Airport lounge access, free DD, money transfer etc.

Below is a snapshot of all the benefits :

https://cdn0.desidime.com/attachments/photos/597954/original/Screenshot_20191016-005044.png?1575950095

Also, few dimers had mentioned in some discussion that although AQB of 2L is required, accounts were not downgraded if it was not maintained. RM would call them for maintain the balance once in a year towards financial year end when probably checks are done. So, you can try that too if you find better opportunity for your money after account opening.

Missing
Deal Cadet
55
604
8
indiansoul wrote:

It depends whether you see 10% cashback as return for your money or as an additional benefit of your savings account. There are many other benefits that are available with the account that hold value for people  like Airport lounge access, free DD, money transfer etc.

Below is a snapshot of all the benefits :

https://cdn0.desidime.com/attachments/photos/597954/original/Screenshot_20191016-005044.png?1575950095

Also, few dimers had mentioned in some discussion that although AQB of 2L is required, accounts were not downgraded if it was not maintained. RM would call them for maintain the balance once in a year towards financial year end when probably checks are done. So, you can try that too if you find better opportunity for your money after account opening.

thank you bro , I will check the 2nd option , if they downgrade then also fine , smile

Missing
Deal Cadet
0
354
30

If you are having salary account and your salary is above 1L, you can be upgraded to Priority account free of cost

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