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/

 

[Jatayu]

It means you have not read

Bro I read 10-15 pages but got eye strain due to more screen time today. There is a latest thread for 5% cb not coming being discussed so just asked the same ques again if there's some change recently. Usually I am the one who helps here in TF as much as I can so for the first time I too can ask for some spoon feeding 😁

 

[Strange]

I know it sounds repetitive but even after reading 10s of pages of this 370 pages long thread....this ques needs clarity....If I use Liberty DC on Amazon app for purchasing 10k Agv today Sunday, will I get 500 cb in July

If you can get the gift card MCC.

 

[Jatayu]

If you can get the gift card MCC.

Getting "Amazon pay India privatet limited"
Will it give 5% as Axis cs is slept now and tomorrow is not weekend so you guyz can tell it now ?

 

[6ix9ine]

Getting "Amazon pay India privatet limited"
Will it give 5% as Axis cs is slept now and tomorrow is not weekend so you guyz can tell it now ?

It will work.

Also, customer support won't be of much help, as they can't tell you the MCC.

After two days, check the "My Money" section, you will see the transaction settled under the "shopping" category.

Which in simply terms means = Cashback ✅

 

[Strange]

Getting "Amazon pay India privatet limited"
Will it give 5% as Axis cs is slept now and tomorrow is not weekend so you guyz can tell it now ?

As per TF users, MCC is 5699 for this merchant but Amazon may change the merchant category/name after txn.

 

[Jatayu]

As per TF users, MCC is 5699 for this merchant but Amazon may change the merchant category/name after txn.

So should I do it or there's another sure shot way available?

 

[Strange]

So should I do it or there's another sure shot way available?

I can't confirm.

 

[jeevanreddy58]

Is cred working for cc bill payment using Liberty DC.. I am always getting transaction interrupted, after entering the otp.
Tried many times.

 

[BhaiyaJi]

Last day to complete current quarter spending. Best of luck

 

[456]

thanks, will pay by cred then. Did cred charges any fee for txn?

Did This trick worked on june?
For zero mab?

 

[roygarg]

Did This trick working on june?

No one can tell now. If eligible, voucher will come in the third week of July.

 

[456]

No one can tell now. If eligible, voucher will come in the third week of July.

I know it brother.
I want to know that :- cc bill payment on cred of 25k is also eligible for zero mab?

 

[roygarg]

I know it brother.
I want to know that :- cc bill payment on cred of 25k is also eligible for zero mab?

It should be eligible.

 

[456]

It should be eligible.

Thank you brother 🙏
Have a nice day.

 

[456]

Yes eligible for AMC waiver.
I spent on flipkart and phonepe gift cards for 5 percent liberty cash back.
For quarterly voucher, there is no need of spending on weekends, you can spend any day. For me, I spend on 20000 on Amazon wallet load every month because I can manage to do 5000 actual spends like paying credit card bill through cred etc.

Does 25k amazon wallet load eligible for zero mab?

 

[6ix9ine]

Does 25k amazon wallet load eligible for zero mab?

Wallet load is excluded, clearly mentioned in the T&C. Read first page bhai, it has everything. Check the website mcc, where you are transacting then match the mcc with the axis exclusions.

 

[Bhauka23]

Wallet load is excluded, clearly mentioned in the T&C. Read first page bhai, it has everything. Check the website mcc, where you are transacting then match the mcc with the axis exclusions.

Can you please tell if suppose I did 50k credit card payment via Cred and purchased 10k apay gift card using Liberty DC(for weekend cashback)..

So will that 10k transaction be counted for 60k quarterly milestone spend?

 

[Rocky333]

How to get The axis liberty 5% cashback on weekend any tricks working??

 

[jeevanreddy58]

If Merchant Name coming as PHONEPE GIFTCARDS , it'll be eligible.If coming as PHONEPE PVT LTD, not eligible.

Can I use this gift card to pay bills ? Phonepe option available while paying Society maintenance due in mugate app...

 

[Bhauka23]

If Merchant Name coming as PHONEPE GIFTCARDS , it'll be eligible.If coming as PHONEPE PVT LTD, not eligible.

Will this Liberty DC transaction of buying phonepe giftcard be counted for quarterly milestone spend?