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

 

[saber.mbt]

I don't think so

Check P2A or P2M. P2M eligible..

 

[saber.mbt]

So paying credit card bills via MobiKwik will not fetch the 750 voucher moving forward is it ?

Think so.. We will come to next month..

 

[6ix9ine]

So paying credit card bills via MobiKwik will not fetch the 750 voucher moving forward is it ?

most likely yes but hey its axis iykyk

 

[soccer]

Bit interesting that they've specifically mentioned internet and mobile banking in the new T & C's too.

Indicates that pure netbanking was also working at some point in the past for this.

 

[TEMPER]

Check Now. Cashback reflecting 😄👍
View attachment 110257

cashback posted ? for me not reflecting yet

 

[soccer]

cashback posted ? for me not reflecting yet

The weekend 5% cashback?

Yes, that's been posted.

 

[saber.mbt]

cashback posted ? for me not reflecting yet

Posted and credited to account.

 

[6ix9ine]

Bit interesting that they've specifically mentioned internet and mobile banking in the new T & C's too.

Indicates that pure netbanking was also working at some point in the past for this.

Exactly, perhaps every P2M transaction was being considered for quarterly GVs.

I have a slightly different take on this as well. Maybe some people calling axis and asking stupid questions like.

Is netbanking eligible for this?
Is debit card eligible for this?
Can I do payment using app and in app using DC?
Etc etc.

Probably axis thought that why people are asking these questions then they notice nothing "explicitly" mentioned in the T&C about netbanking/DC restrictions.

Hence, they silently added those points and didn't notify the users as this wouldn't impact them.

Which in simple terms means, everything which was working prior to change should still work in future too.

Well, we can only wait. This quarter still cannot give clear picture as maybe axis consider old t&c for those who did transactions before t&c update and they release CB without any issues.

We will be 100% sure in next oct - nov - dec quarter.

 

[EliteUser]

This is my guess...
1. Earlier many people in forum already informed that not all p2m txns were eligible like zerodha. So all P2M,Txns being eligible seems unlikely
2. Earlier Cred bill payment were shown as Payment-others now it is showing under Payments - Credit card bill section. So, It cant be a mere coincidence that both the categorization of cred and their update inb TnC comes at the same time. So, It is with 90% assurity, I can say that now cred payments are ineligible. (I did just CC bill payment earlier for 60k which was categorized as CC bill payments and didn't got any quarterly voucher).

So, Cred is also gone mostly. Time to find some other apps whose mcc may be different.

 

[EliteUser]

Check P2A or P2M. P2M eligible..

It's P2M but the category loan/emi, I guess comes under financial institutions.

 

[Jatayu]

I did just CC bill payment earlier for 60k which was categorized as CC bill payments and didn't got any quarterly voucher

So, Cred is also gone mostly.

It means I would also be losing this 750. But we still have 10 days left so can find some jugaad