Axis Bank Liberty Savings Account Benefits

[Deleted member 2540]

★ 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.

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★ 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.



★ Conditions:-

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

https://www.axisbank.com/docs/default-source/default-document-library/liberty-cashback-tnc.pdf

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

https://www.axisbank.com/docs/default-source/default-document-library/liberty-savings-account-lifestyle-benefits-terms-and-conditions.pdf

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★ 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/-

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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/

 

[varun__goel_]

I finally received the SBLBR Welcome Kit with the DC bearing a 421006 BIN that has a mention of LIBERTY on the top right corner.

Dc is correct👍

Secondly, I read through the threads that the spends on the E-Debit does not qualify the above Weekend Cashback feature. Just wanted to confirm this too

E-dc is just like maruti 800 in todays world, iykwim🤣

 

[cooldude74]

Thank you @4uziaul @varun__goel_ for confirming.

I may be late to the party but hope not too late 😀

 

[telescope]

I went through several pages of this thread and ended up more confused. Someone please clear up things for me

1. I earlier had axis account, which I closed few years ago. Can i open liberty account online or is it offline for me?

2. I want no cashback, if I don't need to maintain balance, it would be enough for me. So, in this case, if I just use debit card / netbanking to pay cc bills of 25k or more, will it work?

 

[Deleted member 13721]

I went through several pages of this thread and ended up more confused. Someone please clear up things for me

1. I earlier had axis account, which I closed few years ago. Can i open liberty account online or is it offline for me?

2. I want no cashback, if I don't need to maintain balance, it would be enough for me. So, in this case, if I just use debit card / netbanking to pay cc bills of 25k or more, will it work?

1. Open offline

2. Yes, it will work.

 

[telescope]

1. Open offline

2. Yes, it will work.

And follow up question for point 2. Just by paying cc bills, either from respective bank's billdesk / cred / paytm will fetch me 60k milestone 750 reward points?

 

[Deleted member 13721]

And follow up question for point 2. Just by paying cc bills, either from respective bank's billdesk / cred / paytm will fetch me 60k milestone 750 reward points?

Y e s

 

[0xfallup]

1. Open offline

2. Yes, it will work.

Try online also , mine worked in that case

 

[telescope]

Try online also , mine worked in that case

Tried online, account got opened smoothly. But I got email that I am existing customer so it'll take 8 working days.
card number of e-debit and physical debit will be different or same?

 

[Badshah]

Tried online, account got opened smoothly. But I got email that I am existing customer so it'll take 8 working days.
card number of e-debit and physical debit will be different or same?

Different
physical dc you will get axis liberty dc

 

[sleepysurya]

Customer care informed me that ACH/auto-debit transactions are not considered for 60K limit - that's why I haven't received voucher for previous quarter.

 

[varun__goel_]

Customer care informed me that ACH/auto-debit transactions are not considered for 60K limit - that's why I haven't received voucher for previous quarter.

It's clearly mentioned on axis website that netbanking, upi or dc trans only count, why experiments?

 

[0xfallup]

guys don't do net banking transaction also , they should be considered but system is fookwa , so better avoid ya toh fight karke voucher lelo

 

[telescope]

in netbanking or anywhere can we see if in current month 0 MAB after completing txn?

 

[varun__goel_]

in netbanking or anywhere can we see if in current month 0 MAB after completing txn?

N o o

 

[sleepysurya]

It's clearly mentioned on axis website that netbanking, upi or dc trans only count, why experiments?

Yeah my mistake, I assumed SIP would come under P2M and that would be considered.

 

[LUCiF3R]

Ye kya chutiya service hai chumxis bank ka... cashback redeem ke liye branch visit kro...hadd hai inka service 😂

 

[Tejo]

View attachment 33756
Ye kya chutiya service hai chumxis bank ka... cashback redeem ke liye branch visit kro...hadd hai inka service 😂

99% ... half of the people will not go. So they save money na.

 

[Buttman]

I am getting Cashback for Paytm Merchant Txns.



So I have not tried any other website.



Why would I take risk when I am getting assured 5% cashback on Paytm Merchant Txns.


If somehow I can find MCC of Merchant at which I am performing the Txn I can take risk but Banks will disclose MCC Only upon exchanging many E-Mails

Does this mean wallet load?

 

[Badshah]

Does this mean wallet load?

For quarterly voucher wallet load eligible
for weekend Cashback not eligible

 

[Buttman]

For quarterly voucher wallet load eligible
for weekend Cashback not eligible

So i am in the process of selecting the account as i want pre approved cc offers and axis keeps declining all my cc applications. What I meant to ask was, are all transactions considered for the 25k expenditure threshold? Like suppose if I load wallet of paytm, amazon/ do upi spends/ use axid debit card on cheq for cc bill payment etc. all this will be considered for 25k expenditure which in turn would waive off my min bal maintainance requirement?