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.

---

★ 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

---

---

★ 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 15th November, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 15th November, 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/

 

[Donald J. Trump]

around 20-21ish, maybe slight delay due to Diwali.

Can we fight if they don't at least for the previous quarter???

 

[6ix9ine]

Can we fight if they don't at least for the previous quarter???

In my opinion yes, but will axis consider it? I don't know.

 

[Donald J. Trump]

In my opinion yes, but will axis consider it? I don't know.

In our defence they quietly changed their MITC without informing the customers and implementing it in mid quarter seems quite not an ideal approach

 

[6ix9ine]

In our defence they quietly changed their MITC without informing the customers and implementing it in mid quarter seems quite not an ideal approach

Yes, exactly. Btw, you can check threadmarkers in this thread. I've uploaded both old & new t&c in case.

 

[Donald J. Trump]

Yes, exactly. Btw, you can check threadmarkers in this thread. I've uploaded both old & new t&c in case.

So how long to wait before even sending an email? End of this Month???

 

[6ix9ine]

So how long to wait before even sending an email? End of this Month???

Did you spend 60K in july - august - september quarter? If yes, then wait for it to release. Mostly it should get released by the month end.

 

[Donald J. Trump]

Did you spend 60K in july - august - september quarter? If yes, then wait for it to release. Mostly it should get released by the month end.

did 65-67k in P2M Cred CC Bill payments. A/c opened in august. Previous quarter in total i did that.

EDIT: actually 73k I did in cumulative of all P2M Cred cc bill pay trxs

 

[GizaPyramid]

Does cred give considerable amount of cashback for 50k or above payments via debit card?

@SSV

 

[SSV]

Does cred give considerable amount of cashback for 50k or above payments via debit card?

@SSV

no... CRED CB is entirely random and user specific

 

[Fracture_fixer]

I used to buy voucher from axis gift edge (gyftr). It had mcc of 5947 (Gift, Card, Novelty and Souvenir Stores). From August onwards they changed the mcc to 5310 (Discount Stores), which is excluded. Below given are the remarks mentioned on statement.

ECOM PUR/GYFTRVQUCHERS/NEW DELHI - 5947
ECOM PUR/GYFTRVOUCHERS - 5310

same boat. i just sent email asking for clarification. how did u get to know the mcc?? did u ask cust care?

 

[bugmenot]

same boat. i just sent email asking for clarification. how did u get to know the mcc?? did u ask cust care?

Emailed to PNO. Don't know why they take too much time to share MCC for DC txns. On call, they just don't share. Bluntly says, MCC is not visible to us.

 

[saber.mbt]

September Month Weekend Cashback 500 redeemed. Others check.

 

[messypenguin]

did 65-67k in P2M Cred CC Bill payments. A/c opened in august. Previous quarter in total i did that.

EDIT: actually 73k I did in cumulative of all P2M Cred cc bill pay trxs

Is this actually working for ₹750 voucher? Last time I've tried cred cc bills with axis upi I missed cashback for that quarter. Txns were categorised under loan/emi payments.

 

[Donald J. Trump]

Is this actually working for ₹750 voucher? Last time I've tried cred cc bills with axis upi I missed cashback for that quarter. Txns were categorised under loan/emi payments.

Will find out soon 🤨

 

[messypenguin]

View attachment 112606

Will find out soon 🤨

Keep us posted.

I've received same template email and received a call after few days. They closed the ticket saying txns are not eligible for rewards. Didn't give itemized mcc for each txn and no way to know which txns are not eligible. So I've avoided axis for cc payments and since then received 750 every quarter.

 

[Donald J. Trump]

@6ix9ine

Time to Close this bs A/c. FASAK has struck. Benefit removed form Product Page as well.

 

[Donald J. Trump]

Keep us posted.

I've received same template email and received a call after few days. They closed the ticket saying txns are not eligible for rewards. Didn't give itemized mcc for each txn and no way to know which txns are not eligible. So I've avoided axis for cc payments and since then received 750 every quarter.

Now they won't. Only last chance you have till 15th Nov, this quarter.

@SSV check this out tho

The website feels so so slow though.

 

[BhaiyaJi]

@6ix9ine

Time to Close this bs A/c. FASAK has struck. Benefit removed form Product Page as well.

View attachment 112625

This was easy 750 benefit. 😢

 

[SSV]

@6ix9ine

Time to Close this bs A/c. FASAK has struck. Benefit removed form Product Page as well.

View attachment 112625

Now they won't. Only last chance you have till 15th Nov, this quarter.

@SSV check this out tho

The website feels so so slow though.

Only ONCE FASAK 🪓 !! ..
Not much attractive now for this account to be active...
It is upto the individual to keep it or let it go...

 

[GizaPyramid]

@6ix9ine

Time to Close this bs A/c. FASAK has struck. Benefit removed form Product Page as well.

View attachment 112625

If one spends 60k till 15th November, will he get the voucher in January?