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Axis Bank Liberty Savings Account Benefits

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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
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.


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.

Screenshot_2024-02-02-21-29-44-415-edit_com.google.android.gm.jpg

★ Conditions:-

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

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


Screenshot 2025-10-21 114516.webp


★ 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/-



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/
 
Last edited by 6ix9ine:
I opened it online about two years ago and is working nicely without any issues as of now …
Touchwood…

Post in thread 'Axis Bank Liberty Savings Account Benefits'
https://www.technofino.in/community...rty-savings-account-benefits.1504/post-298584
Thanks for Reply..
I like to ask some more questions.
1. There is Issuance fee as well as Annual Fees for Debit Card. Is Issuance fee is 1st Year Fee or something else. Did Annual Fees also charged with Issuance Fee or Annual Fees will charged from 2nd year ?

2. If I block my Debit Card within a year, Will Axis going to re-issue my Card or I need to reapply for Card ?
 
Thanks for Reply..
I like to ask some more questions.
1. There is Issuance fee as well as Annual Fees for Debit Card. Is Issuance fee is 1st Year Fee or something else. Did Annual Fees also charged with Issuance Fee or Annual Fees will charged from 2nd year ?

2. If I block my Debit Card within a year, Will Axis going to re-issue my Card or I need to reapply for Card ?
1) issuance fee is valid for 1st year. Annual fee will be effective from 2nd year onwards.

2) I have canceled my DC and hence no more charges are levied from the 2nd year onwards. I don5 have a physical DC now but virtual DC still exists with 0 fee.
I use this account mainly for CC payments via cred thru UPI mode to get 750 GV quarterly..
 
Under which mode of transaction (UPI/NET Banking/Debit Card) 5% upto ₹500 cashback comes ?
DC only.
Details: Liberty Dc flat 5% cashback on weekend spending across Food, Entertainment, Shopping, and Travel. This cashback is capped at Rs. 500 per month and up to Rs. 1,000 in the customer's birthday month
 
DC only.
Details: Liberty Dc flat 5% cashback on weekend spending across Food, Entertainment, Shopping, and Travel. This cashback is capped at Rs. 500 per month and up to Rs. 1,000 in the customer's birthday month
Is VDC eligible ?
Also, Are E-Debit Card & Virtual Debit Card is same?
 
@SSV Is VDC eligible for all Cashback (5% upto ₹500 & ₹750 Voucher for 60k) which are for Physical DC ?
Also, Is 60k milestones through UPI on Small merchant eligible for offer or not ?
 
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