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Axis Bank Liberty Savings Account Benefits

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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
Axis liberty savings account is the best savings account for individuals who can qualify by meeting any one of the following conditions:-

(1)
Maintain a minimum balance of ₹25000 in your account.

OR

(2)
Spend ₹10000** per month on food, entertainment, shopping, and travel categories using the liberty debit card,
and
(2
) Spend ₹15000^ per month at any merchant via the liberty debit card.

OR

(3)
Spend ₹25000^ per month at any merchant via the liberty debit card.


By meeting the 2nd condition, you can enjoy the following benefits with maximized savings:

(1) Zero balance account, since monthly spend of ₹25000 (₹10000** + ₹15000^) is required to receive the Non-Maintenance Charge (NMC) waiver for that particular month.

(2) 5% cashback (up to ₹500 per month), available on weekend transactions only (transactions made on Saturday and Sunday are considered).

During your birthday month, you can earn 5% cashback up to ₹1000.

(3) One complimentary domestic lounge access per quarter.

Screenshot_2024-02-02-21-29-44-415-edit_com.google.android.gm.jpg

★ Conditions:-

**Check the list of eligible MCCs for the Weekend 5% Cashback at the link below.** 👇

^Check the list of excluded spends/MCCs for the NMC waiver at the link below.^ 👇


Screenshot 2025-10-21 114516.webp


★ Overall Benefit:-
₹1000 × 1
₹500 × 11

Total:- ₹6500

★ Consolidated Charges:-

● SMS Charges: ₹17.70 × 4 = ₹71 (including GST)
● Liberty debit card annual fee: ₹354 (including GST)

Total:- ₹425

Net Annual Savings:- ₹6075/-



1st Note:- You can now open a liberty account digitally and will receive both a virtual debit card and a physical liberty debit card. But, the virtual debit card issued with the digital axis liberty account is not the same as the e-debit card provided with other axis bank digital account variants.

2nd Note:- Quarterly gift voucher benefit linked to LIBERTY Savings Account shall be discontinued from 31th December, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 31st December, 2025 shall be considered eligible and awarded voucher as applicable basis terms laid out herewith.

Redemption Link for 750 GV:- https://www.gyftr.com/rewards/axisbankspendscampaign/
 
Last edited by 6ix9ine:
The merchant ( POS Transaction ) shows Grocery & Sometimes Departmental Store in Onecard, however in Axis it is showing other...
Now, I understand why your txns are not fetching 5%

Axis chuu excluded Departmemtal Store MCC-5311.

This MCC is the Actual and Main MCC for Departmental Stores and Axis Chuu Excluded it and Included other Similar MCCs on the name of Departmental Stores which are not used commonly by Acquiring Bank for a Departmental Store.

So Swipe your Liberty DC only at that POS where One Card is reflecting Groceries.

Special Thanks to @Tejo for pointing it out.
 
Last edited:
Now, I understand why your txns are not fetching 5%

Axis chuu excluded Departmemtal Store MCC-5311.

This MCC is the Actual and Main MCC for Departmental Stores and Axis Chuu Excluded it and Included other Similar MCCs on the name of Departmental Stores which are not used commonly by Acquiring Bank for a Departmental Store.

So Swipe your Liberty DC only at that POS where One Card is reflecting Groceries.

Special Thanks to @Tejo for pointing it out.
Anyway ... to get 5% cb on liberty.

1. Ask any paytm merchant have debit card enable qr to generate links for you ... in return pay for him 0.5% (40-50) and mdr charges 0.4% + gst you could get 400 by investing 100 .... 😅arindham trick.

2. Real shopping and Gv from grabdeals else woohoo. Use fi dc, one card cc to know merchant categories easily.

3. Jio wallet txns sometimes settles as reliance digital txns. Even amazon pay wallet txns as shopping txns. (Not sure of this)

4. Just do some shopping items on flipkart in quantity, next cancel the items individual with hour gaps. (Not sure)

*** For 3, 4 .... edge rewards are given, so I advised.

Note: At your own risk.

For spends of 25k ... 15k, just transfer amount to <paytmmobilenumber>.wallet@paytm, the txn will be settled as education*.
 
Emaiyyindi Anna andariki🙄
ఇక్కడ నుండి చదువు అన్నా, 20 పోస్ట్‌లు

For Non telugu natives:

I asked ashwink to read 20 posts from the above mentioned post, to see why we are all behaving the way we did...
 
Last edited:
Is baar pehchaana ya bhool gaye phirse?
kon ho tum?
1639772014.jpeg
 
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