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/

 

[6ix9ine]

How can it charge if card is blocked

if you think you are bad, Axis is your dad 😎

cc: @SureShot

 

[Manishg]

if you think you are bad, Axis is your dad 😎

cc: @SureShot

Then RBI bamboo will fall on Axis

 

[messypenguin]

Can you share any official page mentioned this by Axis Bank. I am hearing this first time

I am one of the victims of axis. you can search this thread you'll find at least one more.

Fees and Charges

 

[Karan.]

Rewdi ayi hai ayi hai Rewdi Ayi hai

Bade dinon ke baad, Axis besharam ko yaad

Humari Rewdi ayi hai, Rewdi aayi hai..

 

[varun__goel_]

Rewdi ayi hai ayi hai Rewdi Ayi hai

Bade dinon ke baad, Axis besharam ko yaad

Humari Rewdi ayi hai, Rewdi aayi hai..

 

[Strange]

Rewdi ayi hai ayi hai Rewdi Ayi hai

Bade dinon ke baad, Axis besharam ko yaad

Humari Rewdi ayi hai, Rewdi aayi hai..

Finally redeem ho gya.

Ab quarterly voucher aayega to btana.

 

[Credit_Cards]

Finally redeem ho gya.

Ab quarterly voucher aayega to btana.

 

[mailmenow]

Anyone please confirm what is the default statement period for axis Easy acces savings account (DBEZY) ?? Because I am not getting the savings account statement automatically. When I raised the concern in March they informed me that I will start to receive it automatically from April month onwards. They informed for all customers have same statement period irrespective of their account opening date???

 

[Credit_Cards]

I've both kotak 811 and axis liberty, When will I get cashback for February month spends? And how to check?

you must have received in March itself

 

[Manishg]

I am one of the victims of axis. you can search this thread you'll find at least one more.

Fees and Charges

View attachment 95330

Not mentioned anything like that fees will be charged after card closure also

 

[guest_123]

Not mentioned anything like that fees will be charged after card closure also

This is implicit unless stated otherwise for annual fee charged for past usage & this is why many credit cards charge their annual fee in advance. It all comes down to whether the annual fee being charged is for past period or future period. If for past period then closing the card in advance does not waive off the past period usage charge, at best one can claim "proportionate annual fee" for period used but accepting or rejecting it is completely up to the bank.

 

[Manishg]

This is implicit unless stated otherwise for annual fee charged for past usage & this is why many credit cards charge their annual fee in advance. It all comes down to whether the annual fee being charged is for past period or future period. If for past period then closing the card in advance does not waive off the past period usage charge, at best one can claim "proportionate annual fee" for period used but accepting or rejecting it is completely up to the bank.

See annual fee is charged after completion of 1 year and joining fees is charged immediately.

And same also for axis credit cards if you taken card on 1 April 2024 then joing fees will be levied in April month 2024 whereas annual fees is to be charged on 1 April 2025. But, if you close card before 1 April you don't have to pay annual fees. I had read many times on this forum and all banks work on this principle only. At least hdfc sbi axis

 

[guest_123]

See annual fee is charged after completion of 1 year and joining fees is charged immediately.

And same also for axis credit cards if you taken card on 1 April 2024 then joing fees will be levied in April month 2024 whereas annual fees is to be charged on 1 April 2025. But, if you close card before 1 April you don't have to pay annual fees. I had read many times on this forum and all banks work on this principle only. At least hdfc sbi axis

The definition of joining & annual/renewal fee is designed to be messy, sbi card for example practically consider joining fee as "advance annual fee" for first year & then the fee you pay at the end of 1st year is "advance annual/renewal fee" for the 2nd year. This is nothing but to give an "illusion" that you are not paying annual fee in advance. That is why a bank is all too happy to close a card without asking for any fee because you already paid the fee in advance.

Here is an interesting example for this unless you or someone here knows it to be wrong as I never held any FYF card.

Say you get sbi simplyclick card first year free on 1st Apr 2024 then it means no joining fee in May 2024 but on 1st Apr 2025 you will still be charged an annual fee which will be reversed in May 2025 if your total spend crossed 1 lakh in period 1st Apr 2024-31st Mar 2025. If the annual fee levied on 1st Apr 2025 was for previous period then it conflicts with first year free condition but if assumed to be advance payment for 1st Apr 2025-1st Apr 2026 it makes complete sense because no conflict with FYF condition while the FYF period spend make this advance annual fee reversed too.

 

[𝙇.𝐊. 𝐓𝗶𝘄𝗮𝗿𝗶 :)]

Bhai log abhi takk 750 ka Lifafa📩 nahi aaya kya..??🙄

 

[Credit_Cards]

Bhai log abhi takk 750 ka Lifafa📩 nahi aaya kya..??🙄

axis ka system slow chalta hai log account close kar denge isliye araam se de re

 

[akilmds]

Has anyone received Quarterly voucher ?

 

[Manishg]

Bhai SMS charges deduct ho chuke hai?
Mere account se 1.18 charge hua

 

[Credit_Cards]

Bhai SMS charges deduct ho chuke hai?
Mere account se 1.18 charge hua

Abhi tak nahi kuch kaata

 

[Manishg]

Abhi tak nahi kuch kaata

20 April ko

 

[𝙇.𝐊. 𝐓𝗶𝘄𝗮𝗿𝗶 :)]

Axis Bank Kangaal ho gya....👀