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/

 

[bugmenot]

Why don't you go for liberty salary varient? Priority has non monetary benefits like LTF myzone cc. Priority debit card will be LTF and it has some benefits.

 

[lokeshp36]

Why don't you go for liberty salary varient? Priority has non monetary benefits like LTF myzone cc. Priority debit card will be LTF and it has some benefits.

there is no benefit for me in Liberty Salary account as I spend 25000+ every month, So i dont need to maintain MAB anyway.
the only benefit is I will get free debit card by going to salary(~300 fees waived each year).
but I was thinking to move to some other bank salary account if I can get some benefit like LTF CC. HDFC denied giving me DCB LTF if I move to their bank as salary. and anyway they are ofering regalia LTF. so.........😅

 

[Sevendar@01]

there is no benefit for me in Liberty Salary account as I spend 25000+ every month, So i dont need to maintain MAB anyway.
the only benefit is I will get free debit card by going to salary(~300 fees waived each year).
but I was thinking to move to some other bank salary account if I can get some benefit like LTF CC. HDFC denied giving me DCB LTF if I move to their bank as salary. and anyway they are ofering regalia LTF. so.........😅

as much I understand from your above replies you want the 750rs gv and you have no problem in paying 350 rs debit card fees and your confused that whether you should continue with axis with your salary account or not and if you should continue then why you should upgrade it to priority as you think 750rs gv in Liberty is better offer than priority salary acc as there is no gv scheme available in priority - am I right? And you can open a liberty saving account in axis for that gv? Let me know then I can answer your query and also explain what you exactly want to know. If you have any confusion then also please explain

 

[abhishekkanasar]

Agar me apne Axis Liberty Account se 25000 ka credit card bill payment ya wallet Load Karu to Spent ki Category me aayega kya

 

[TheMentalist]

Agar me apne Axis Liberty Account se 25000 ka credit card bill payment ya wallet Load Karu to Spent ki Category me aayega kya

If it shows P2M in statement for UPI tnx, then it will be counted as spends

 

[Rajkumar]

Has anyone received weekend 5% cb from axis liberty debit card

 

[rockyBalboa]

If it shows P2M in statement for UPI tnx, then it will be counted as spends

Sorry a noob question, where and how to check if a transaction is P2M? I mean where exactly it shows this?

 

[bugmenot]

Sorry a noob question, where and how to check if a transaction is P2M? I mean where exactly it shows this?

In bank statement. P2M means person to merchant.

 

[jack333]

Yes.... I am using it after kotak 811 account is. Butchered to 30000....10000 per transaction limit

I think every bank/company have teams these days to introduce something to piss off customers every month..... Rather than improving experience.... Maybe groww also blocks someday so its good to have as many options possible

Does loading kotak 811 or indusind or paying credit card bill at mobikwik or amazon count as P2M for 5% weekend cashback? @Batmanbaba @VISHESH_BANSAL @hariks789

 

[hks789]

A/c No. XXXX may have a low balance on Jan 23. Maintain balance in Feb23, to avoid charges. In case of nil avg bal for 2 consecutive months, your existing Savings A/c shall be auto-migrated to Basic Savings A/c. Visit the website/Internet Banking/Branch for details. Ignore, if A/c is funded - Axis Bank.

Received this for my Axis liberty account. Although I don't maintain 25k mab, I do merchant transactions way more than 25k. So as per their terms, it should be zero mab. I also got voucher for last quarter.
Did any of you liberty acc holders receive such sms?

 

[kshitij_0]

A/c No. XXXX may have a low balance on Jan 23. Maintain balance in Feb23, to avoid charges. In case of nil avg bal for 2 consecutive months, your existing Savings A/c shall be auto-migrated to Basic Savings A/c. Visit the website/Internet Banking/Branch for details. Ignore, if A/c is funded - Axis Bank.

Received this for my Axis liberty account. Although I don't maintain 25k mab, I do merchant transactions way more than 25k. So as per their terms, it should be zero mab. I also got voucher for last quarter.
Did any of you liberty acc holders receive such sms?

No...I didn't receive this in my 1 month old Liberty account. I have done 25k+ merchant trns and avg balance is 10k+

 

[Hussain1]

A/c No. XXXX may have a low balance on Jan 23. Maintain balance in Feb23, to avoid charges. In case of nil avg bal for 2 consecutive months, your existing Savings A/c shall be auto-migrated to Basic Savings A/c. Visit the website/Internet Banking/Branch for details. Ignore, if A/c is funded - Axis Bank.

Received this for my Axis liberty account. Although I don't maintain 25k mab, I do merchant transactions way more than 25k. So as per their terms, it should be zero mab. I also got voucher for last quarter.
Did any of you liberty acc holders receive such sms?

Its normal for liberty account holders who are not maintaining but spending

just ignore it

 

[Batmanbaba]

Does loading kotak 811 or indusind or paying credit card bill at mobikwik or amazon count as P2M for 5% weekend cashback? @Batmanbaba @VISHESH_BANSAL @hariks789

Yes.... These all are merchant transactions....

 

[hks789]

Does loading kotak 811 or indusind or paying credit card bill at mobikwik or amazon count as P2M for 5% weekend cashback? @Batmanbaba @VISHESH_BANSAL @hariks789

Yes, You can confirm the same by checking axis app statement, it will have P2M for all merchant transactions.
For 5%, I am not sure if all merchant categories count.

 

[krishc]

I've a question @VISHESH_BANSAL
regarding the weekend 5% cashback on certain categories
what exactly falls under the 'Shopping' category, is it just clothing stores? are departmental stores and supermarkets also included ?
can you share any specific MCC ?

 

[Sevendar@01]

Yes I Have This Account... Yes Axis Provide Pre-Approved Offers On This Account But For That You Have To Maintain The Balance...Yes It's Also Zero MAB On Merchants Spends (Like Amazon, Flipkart,Myntra,Fuel,Etc...).... You Can Claim Rs 750 Amazon Voucher On Quater Spends Of 60K

Can u let me know do we get 5% cashback on grocery spends on weekends and how much time does it take to credit it into the account and also is there any trick to spend 25k or look like I have spent 25 k to avoid maintaining balance

 

[kshitij_0]

Does loading kotak 811 or indusind or paying credit card bill at mobikwik or amazon count as P2M for 5% weekend cashback? @Batmanbaba @VISHESH_BANSAL @hariks789

For me loading Kotak 811 through UPI counts as P2A trn. I think this could be because I have @kotak UPI ID and it redirects me to send to this UPI ID from any UPI app. So it has to count as P2A trn. I am not sure of debit card and net banking trns for loading money in Kotak 811, because in those transactions, nothing like P2M is written as such. We can't be sure of that unless bank confirms from its own end
@Batmanbaba @hariks789 @VISHESH_BANSAL

 

[jack333]

So does that gives 5% weekend cashback if done through debit card?

 

[kshitij_0]

So does that gives 5% weekend cashback if done through debit card?

Will check this in future. Where does this 5% CB come? Directly in account?

 

[Alok R Kumar]

How to add money using axis netbanking/debit card to indusind savings account? Also, does adding money to paytm wallet count for 25k spends?