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/

 

[Sanju Dey]

Is there any easy way to open an Axis Liberty account without having to maintain a minimum balance? I'd really appreciate your help! 🥺

 

[SureShot]

My Citibank salary account is getting migrated as Axis Liberty salary account, hope I no need to maintain minimum balance of 25K and no charges for debit card as well. But I have few queries which will help me in deciding whether to move to Liberty or any other banking relationship for salary.

During weekends,
1. Can I get 5% cashback if I buy gift cards in amazon with liberty debit card?
2. Is loading funds in demat accounts/ paying mutual funds SIP's like zerodha gives 5% cashback?
3. Does fuel spends gives 5% cashback?

Please let me know if these transactions works, it is much easier for me to get ₹500/month & ₹750/quarter vouchers else need to figure out more.

 

[varun__goel_]

Can I get 5% cashback if I buy gift cards in amazon with liberty debit card?

Yes

Is loading funds in demat accounts/ paying mutual funds SIP's like zerodha gives 5% cashback?

No

Does fuel spends gives 5% cashback?

No

 

[SureShot]

Yes

No

No

Wow so amazon gift card works!!! can get 10K max each month for ₹500 cb.

Any other ways to spend 60K for quarterly ₹750 vouchers? How you guys are reaching out the threshold each month?

 

[varun__goel_]

Wow so amazon gift card works!!! can get 10K max each month for ₹500 cb.

Any other ways to spend 60K for quarterly ₹750 vouchers? How you guys are reaching out the threshold each month?

Upi spends ...

 

[SureShot]

Upi spends ...

is there any exceptions list on the 60K spends for ₹750 voucher? if I pay SIP's manually each month from this account, will this be accounted? just need to figure out which one works to max out. As a prolonged Liberty user, you might know, please let me know.

 

[varun__goel_]

is there any exceptions list on the 60K spends for ₹750 voucher? if I pay SIP's manually each month from this account, will this be accounted? just need to figure out which one works to max out. As a prolonged Liberty user, you might know, please let me know.

Any upi spend that is displayed as P2M in statement will work
There are no exclusion for upi as of now

 

[SSV]

/Moreover, with my ULIP as a surrogate: I have the following features:
1) All my accounts are now 0 MAB
2) NO FD relationships need to be maintained
3) Imperia Status to be maintained along with the 0 MAB
4) I will ask for free Locker next year ...

ALong with the above , I have my
1) LTF Infinia Metal
2) LTF Tata Neu Infinity and
3) Trying for LTF Marriott Bonvoy..


BTW : I have recovered 60% of my first year fee of ULIP premium in 3 months..(thanks to the bull market).. Just before the national elections I will switch my fund to " Bonds" for the expected market correction, and then back again with High risk fund after market correction is over.. rinse and repeat...beat the market and enjoy all the gains with 100% tax free after 20 years…all the way laughing to the bank …along with insurance benefit..

Another one bites the dust..
got the free locker , medium sized... based on my imperia /infinia/ ulip relationship in a Hyderabad's posh locality branch ..

 

[sm9811911]

Another one bites the dust..
got the free locker , medium sized... based on my imperia /infinia/ ulip relationship in a Hyderabad's posh locality branch ..

View attachment 59099

This i feel is a bigger achievement than infinia

 

[SSV]

This i feel is a bigger achievement than infinia

Yes .. felt like that only...

I had done the below about six months ago regarding the locker.. that was when I got my ULIP and Infinia..



But after a lot of argy bargy , it was achieved.. I am happy ,.. but I had to show my AURA to the BM to get this done ...

 

[Maverick05]

Any upi spend that is displayed as P2M in statement will work
There are no exclusion for upi as of now

Mobikwik cc bill payment will also work?

 

[varun__goel_]

Mobikwik cc bill payment will also work?

As of now, yes.

 

[ritwik2000]

nishani chor ra hu guys.

 

[hellobois]

Do we get weekend cashback for debit card usage under "Ecom Pur" category? Or it will only be considered for monthly Target of 25000?
Someone pls help.
I'm sure about P2M as it is considered for 25000 but no cashback for that.
Please help for Ecom Pur.

 

[ritwik2000]

Do we get weekend cashback for debit card usage under "Ecom Pur" category? Or it will only be considered for monthly Target of 25000?
Someone pls help.
I'm sure about P2M as it is considered for 25000 but no cashback for that.
Please help for Ecom Pur.

Where did you made the ECOM transaction ?

If those DC transactions falls under the Eligible MCCs then you will get cashback for sure.

 

[rixypanther]

I have an easy access savings account. I got this email from Axis today that my account is being upgraded to Liberty account. The e debit card that I got with this easy access account proved very fruitful to me. Every month i earn Rs 200 cashback with this card. Now that I have been upgraded to Liberty by default will this e debit card get closed and I would no longer get cashback ?
I am aware that the e debit card that one gets with Liberty doesn't earn any cashback . It will be a major loss for me.
Maintaining Rs 25000 is not an issue but my only concern here is the e debit card monthly cashback.
Please guide me what should I do ?
Thanks

 

[Sanskar]

I have an easy access savings account. I got this email from Axis today that my account is being upgraded to Liberty account. The e debit card that I got with this easy access account proved very fruitful to me. Every month i earn Rs 200 cashback with this card. Now that I have been upgraded to Liberty by default will this e debit card get closed and I would no longer get cashback ?
I am aware that the e debit card that one gets with Liberty doesn't earn any cashback . It will be a major loss for me.
Maintaining Rs 25000 is not an issue but my only concern here is the e debit card monthly cashback.
Please guide me what should I do ?
Thanks

You can earn more with liberty account and debit card

 

[pshah1995]

Hello @VISHESH_BANSAL

There are so many conversations related to cc bill payments in this thread. Just wanted to confirm the below:
(1) Credit Card bill payments via Mobikwik via UPI be considered for NMC waiver and Cashback?
(2) Credit Card bill payment via Mobikwik via Dc be considered for Cashback?
(3) Credit card bill payment via SBI UNI Pay be considered for NMC waiver and Cashback?

 

[telescope]

Hello @VISHESH_BANSAL

There are so many conversations related to cc bill payments in this thread. Just wanted to confirm the below:
(1) Credit Card bill payments via Mobikwik via UPI be considered for NMC waiver and Cashback?
(2) Credit Card bill payment via Mobikwik via Dc be considered for Cashback?
(3) Credit card bill payment via SBI UNI Pay be considered for NMC waiver and Cashback?

Yes
No
Yes

 

[SSV]

Hello @VISHESH_BANSAL

There are so many conversations related to cc bill payments in this thread. Just wanted to confirm the below:
(1) Credit Card bill payments via Mobikwik via UPI be considered for NMC waiver and Cashback?
(2) Credit Card bill payment via Mobikwik via Dc be considered for Cashback?
(3) Credit card bill payment via SBI UNI Pay be considered for NMC waiver and Cashback?

Point no : 2...Massive NO..
I stuffed up last time in this aspect ...