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.

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:-9,075 INR

 

[Shubham7]

I cant see where to spend using debit card...only saying merchant

10k/m > Amazon gvs debit card
15k/m > UPI P2M ( cc bill payment by UPI Amazon gpay )

 

[6ix9ine]

Thanks to all the TF community members for addressing my query and providing valuable feedback. Much appreciated!

To me, my time is more precious ( my hard earned money as well) than haggling with Axis (even at Pno level).
I will avoid Axis to have a peace of mind and look for other banks' SB accounts.

Very wise decision 🫂

 

[Talkwithfino]

Here's two better optns for you and how they fare for your needs

I will definitely look at HDFC/IDFC

Idfc is also great! 0 fee on a lot of Banking Services and one the the best Online systems.

But they have a problem that 'some' people have run into on this forum, which is of 'Debit Freeze' . At the moment, I am unable to find the exact comment but even 'Wealth' account holders in Idfc have faced this problem. ( This sole issue is the only reason I don't recommend this Bank). Otherwise it is in same tier as Hdfc Savings Max (apart from the 1%CB that hdfc dc offers); with better Online Banking.

Here's a thread on that issue

Thread 'IDFC First Bank Account Debit Freeze & Total Freeze Issue'

Oct 28, 2024

A few people on the TF Community have posted threads about their IDFC First Bank accounts being placed under debit freeze or total freeze for minor reasons. Many others have commented on these threads, sharing that they too have faced similar issues, and that their issues have not been resolved despite contacting the bank. Let me explain this issue in detail and bring it to light. IDFC First Bank has shown a commitment to listening to customers in the past, and I hope this time they will also work to resolve this issue for their customers.

IDFC First Bank is a modern, digital-focused bank...

• TechnoFino
• account bank account idfc idfc first idfc first bank idfc first bank account debit freeze idfc first bank account total freeze issue
• Replies: 44
• Forum: Finance World News

• 
• 
• 

 

[sayantandas]

Idfc is also great! 0 fee on a lot of Banking Services and one the the best Online systems.

But they have a problem that 'some' people have run into on this forum, which is of 'Debit Freeze' . At the moment, I am unable to find the exact comment but even 'Wealth' account holders in Idfc have faced this problem. ( This sole issue is the only reason I don't recommend this Bank). Otherwise it is in same tier as Hdfc Savings Max (apart from the 1%CB that hdfc dc offers); with better Online Banking.

Here's a thread on that issue

Thread 'IDFC First Bank Account Debit Freeze & Total Freeze Issue'

Oct 28, 2024

A few people on the TF Community have posted threads about their IDFC First Bank accounts being placed under debit freeze or total freeze for minor reasons. Many others have commented on these threads, sharing that they too have faced similar issues, and that their issues have not been resolved despite contacting the bank. Let me explain this issue in detail and bring it to light. IDFC First Bank has shown a commitment to listening to customers in the past, and I hope this time they will also work to resolve this issue for their customers.

IDFC First Bank is a modern, digital-focused bank...

• TechnoFino
• account bank account idfc idfc first idfc first bank idfc first bank account debit freeze idfc first bank account total freeze issue
• Replies: 44
• Forum: Finance World News

• 
• 
• 

Thanks for the heads-up. Will keep this in mind.
I have a IDFC FIRST Bank branch in my city. Will visit the branch if I plan to open an account there.

 

[dvader]

Regarding Debit freeze...what I have found helpful is avoiding payment to unknown personal UPI IDs. I am not talking about merchant UPI that's never a problem. I am talking about those smart people who take out their phone and say 'bhaiya payment ispe dalo'. Unless it's your daily grocery shop avoid it. As soon as I see a non merchant QR in a shop I am out. UPI for all of it's shitty anti-consumer stuff can put you in a lot of unnecessary trouble. Imagine paying someone on personal QR and police is looking into the guy for some other stuff. I have family in law enforcement believe me shit can get real awefully quickly.

Also, I have a dedicated account (SBI) for transactions I don't trust. At worst there will be a freeze and I have good terms with SBI (family there) and lifting it is not a big deal. NSDL with vKYC is also good for untrusted TXNs

 

[dvader]

Thanks for the heads-up. Will keep this in mind.
I have a IDFC FIRST Bank branch in my city. Will visit the branch if I plan to open an account there.

IDFC is really good. No BS account, get it opened and it won't bother you ever again.

For people who just want an account and are not looking for new accounts to experiment

HDFC, ICICI, IndusInd, IDFC shoud be your go to.

also if you have an unpleasant experience in the branch, don't waste your time switch to another branch. Branch experience is extremely localized.

 

[Manishg]

Liberty account holders check out ur emails/promotions tab✔️
View attachment 80265
Got similar offer last month in December as well.

Can you share your spending and balance maintaining pattern

 

[akilmds]

I got this offer in July, fulfilled it but didn't get the voucher. At that time I was quite busy with work & all, couldn't bother to spend hours in call with Axes CC.

same here, fullfiled this offer in Nov. Ax-is havent provided the coupon yet.

 

[Anupama_Jha]

Can you share your spending and balance maintaining pattern

Maintaining ₹30 per month for sms charges deduction.

Paying 25k cc bill using liberty DC.

 

[Manishg]

Maintaining ₹30 per month for sms charges deduction.

Paying 25k cc bill using liberty DC.

That's why offer was made to low balance customers

 

[hemantkumar]

Where did you get that "1%" number from?

Sorry I mean 750 gift voucher.

 

[BhaiyaJi]

Maintaining ₹30 per month for sms charges deduction.

 

[BUDHRAJ]

Maintaining ₹30 per month for sms charges deduction.

Paying 25k cc bill using liberty DC.

are you using sbiunipay or canara setu or some other platfor for cc bill payments ?

 

[surojitLaha]

are you using sbiunipay or canara setu or some other platfor for cc bill payments ?

Credit se kro using upi

 

[murali_7]

Weekend cashback credited!

 

[qwert]

Make cc payments using cred.You will receive milestone benefit voucher.
For weekend cashback, use your debit card and purchase amazon gift voucher from Amazon on saturdays and sundays.

the question is where to spend amazon gift voucher money after redeeming? I done the trx for 10k but I can't even spend that for scan and pay directly. Only way I can use that money through amazon spends. If anyone knows other ways let me know.

 

[Shubham Yadav]

Aajkl Axis ceo @VISHESH_BANSAL dikhai nhi de rahe

 

[BhaiyaJi]

Aajkl Axis ceo @VISHESH_BANSAL dikhai nhi de rahe

Sabke quartely vouchers manually process kar rahe hai vo.

 

[surojitLaha]

the question is where to spend amazon gift voucher money after redeeming? I done the trx for 10k but I can't even spend that for scan and pay directly. Only way I can use that money through amazon spends. If anyone knows other ways let me know.

Zomato ,Swiggy, amazon,uber,ola

 

[6ix9ine]

the question is where to spend amazon gift voucher money after redeeming? I done the trx for 10k but I can't even spend that for scan and pay directly. Only way I can use that money through amazon spends. If anyone knows other ways let me know.

If you are thinking of rotation then it's not possible.

Spend karo, else account close karo.