Axis Bank Liberty Savings Account Benefits

[Deleted member 2540]

Axis Liberty Savings Account is the Best Savings for those who can

Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card
and
Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card.

If we Fulfill Above Spending Criteria We get following Benifits in return with Maximized Savings:-

★ A Zero Balance Account.

Condition:-
Merchant Spends** of 25k/Month is required to get NMC Waiver for that Particular Month.

★ A Voucher of 750 INR per Quarter.

Condition:-
Merchant Spends** of 60k/Quarter is Required.

Redemption Link:- https://www.gyftr.com/rewards/axisbankspendscampaign/

★ 5% upto 500 INR Cashback Per Month (Weekends Only)

For Birthday Month Cashback Amount is 5% upto 1,000 INR.



Condition:-
● Spends* Done at Selected Merchant Categories mentioned above will only be Considered.
● Txns Done on Saturday and Sunday will only be Considered.

★ Redemption can be done via Internet Banking 👇

Menu》Services》Other》Debit Card Cashback

Or

Via Mobile App 👇

Menu》Service Request》Cards and Forex》Debit Card Cashback

★ *Find Eligible MCCs for Weekend 5% Cashback at Below Link* 👇

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

★ One Domestic Lounge Access Per Quarter.

★ ** Find Excluded Spends/MCCs for NMC waiver and 750 GV at Below Link** 👇

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

Note:- Now, You can Open Liberty Account Digitally and You will get a Virtual Debit Card as well along with the Physical Liberty Debit Card.

But Beware, the Virtual Debit Card issued with Digital Axis Liberty Account is not an E-debit Card which is issued by Axis Bank with other Digital Account Variants.

OVERALL Benifits
1000*01
500*11
750*04

Total- 9,500 INR.

Consolidated Charges:-

1. Sms Charges:- 17.7*4
Total 71 INR (including GST)

2. Liberty Debit Card Annual Fee:-
354 INR (including GST)

Net Annual Savings:- ₹9075 INR

 

[Farhad sekh]

Well, seems like you are not aware.

For your kind information, T&C has been changed in August end 2025.

What has changed now?
I am planning to apply tomorrow

 

[6ix9ine]

What has changed now?
I am planning to apply tomorrow

Mainly how spends waiver and quarterly voucher is going to be given, don't open the account just for this. You will be better off using credit card.

 

[Wealth is my birth right!]

Then Pho*PHONEPE G is meant to be Phonepe gift card, as shown in my statement.

Use upi and the spend shows p2m then 100% it’s a business spend so we r safe

 

[hks789]

Use upi and the spend shows p2m then 100% it’s a business spend so we r safe

P2Ms without any MCC restrictions were working so far for UPI but now that they specifically mentions MCC code for UPI transactions, it may won't work.

 

[saber.mbt]

Because I had downloaded old T&C on 27th august to share with my friend on whatsapp, so I was easily able to distinguish the difference.

Ok good job. In Axis it is reflecting old last year date. May be they would have silently uploaded August end...

 

[6ix9ine]

Ok good job. In Axis it is reflecting old last year date. May be they would have silently uploaded August end...

That's exactly what was discussed in previous pages, you may have a read at them.

 

[Wealth is my birth right!]

P2Ms without any MCC restrictions were working so far for UPI but now that they specifically mentions MCC code for UPI transactions, it may won't work.

Anyways safer side axis being axis I funded 25l lets see whether 750/- voucher we get or not by quarter end
Atleast mab penalty let’s save

 

[Farhad sekh]

After how many months can I close this account after opening?

 

[saber.mbt]

Anyways safer side axis being axis I funded 25l lets see whether 750/- voucher we get or not by quarter end
Atleast mab penalty let’s save

If you spend 10k weekend cashback. Then 15K balance is fine to avoid MAB. They charge up to 600+GST..

 

[Wealth is my birth right!]

If you spend 10k weekend cashback. Then 15K balance is fine to avoid MAB. They charge up to 600+GST..

Other slots there to full fill with Amex and hdfc for weekend 😊

 

[skvignesh]

After how many months can I close this account after opening?

- Account is closed within 14 days of account opening: Nil
- Account is closed between 14 days and 1 year of account opening: Rs. 500
- Account is closed post 1 year of account opening: Nil

* GST applicable on the above charges will be additional

 

[SureShot]

No, but make sure that transactions are not on exclusions. For exclusions, check latest T&C.

I have recently opened liberty savings account for my wife. Though axis gave e debit card instantly with no charges, we have been asked to add 250 for physical debit card (along with initial funding of 25000) as well. Is debit card not optional with axis? We were told physical debit card comes by default with axis (for both insta kit and personalised kit). Is it so?

If I am not activating the physical card, can I get the issuance fee revered? what are the options if I don't want the physical one?
And also, is aadhaar based UPI registration allowed in axis?

Please help me with these queries, Axis Liberty lovers 😎

 

[6ix9ine]

I have recently opened liberty savings account for my wife. Though axis gave e debit card instantly with no charges, we have been asked to add 250 for physical debit card (along with initial funding of 25000) as well. Is debit card not optional with axis? We were told physical debit card comes by default with axis (for both insta kit and personalised kit). Is it so?

Correct. Initially, you will receive virtual DC. Just don't activate the physical DC which will arrive later on, you will be fine.

Btw, better opt for physical DC and use it for weekend cashback.

If I am not activating the physical card, can I get the issuance fee revered? what are the options if I don't want the physical one?

If you are not going to use physical DC, then weekend cashback will not be possible. Which makes me curious on why you opened this account, if your aim is to not fully utilise it.

And also, is aadhaar based UPI registration allowed in axis?

Please help me with these queries, Axis Liberty lovers 😎

Should work, use this: https://play.google.com/store/apps/details?id=com.upi.axispay

 

[SSV]

Do I need to get debit card mandatorily for quarterly 60K spends too to be eligible?

No need of DC to get 750 quarterly voucher.
I cancelled my DC a long time ago

 

[Strange]

No need of DC to get 750 quarterly voucher.
I cancelled my DC a long time ago

Do you have virtual DC? Can you link your Liberty account in the UPI apps after blocking your DC?

 

[tharun]

If I remember correctly, virtual DC is chargeable.

I don't think so
This is just a virtual debit card issued with Liberty savings account unlike other other account variants having e-debit card which is chargeable

 

[6ix9ine]

I don't think so
This is just a virtual debit card issued with Liberty savings account unlike other other account variants having e-debit card which is chargeable

Oh, I thought both are same 😅 thanks for clarifying. I never opted for them, so was not sure.

 

[Strange]

virtual DC is chargeable

e-Debit Card is chargeable not the Virtual debit card.

 

[6ix9ine]

e-Debit Card is chargeable not the Virtual debit card.

Yeah, I thought both are same.

 

[SSV]

I remember correctly, virtual DC is chargeable. You should permanently block it and use physical library DC only

I have virtual DC that was issued along with SBLBR. it is not chargeable..
I had permanently blocked physical DC and cancelled it