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/

 

[Akshay Ajmera]

I was thinking to open a Axis Liberty account only to get a axis credit card.
Another benefit is 750rs per quarter on spends of 60k.
Also it's zero mab if one spends 25k per month.
I need some suggestions regarding it and if someone already have this account I would like to hear out from them as well.

So does axis provide pre approved LTF offer on this account.

Does paying credit card bill be counted as transaction for spending 60k.

 

[hks789]

Does paying credit card bill be counted as transaction for spending 60k.

Yes

 

[Sevendar@01]

Yes

is amazon wallet loading eligible for 25k spend and have anyone tried to load amazon wallet using liberty debit card

 

[hks789]

is amazon wallet loading eligible for 25k spend and have anyone tried to load amazon wallet using liberty debit card

I dont have debit card with my account. My guess is that it will work. Upi wallet load worked for me.

 

[Sevendar@01]

I dont have debit card with my account. My guess is that it will work. Upi wallet load worked for me.

so u are saying if I wallet load my amazon acc using my aixs bank upi it will be counted towards 25k spend ?

 

[hks789]

so u are saying if I wallet load my amazon acc using my aixs bank upi it will be counted towards 25k spend ?

Yes it should work. I used Paytm for my account last quarter. Received voucher as well.

The transaction was marked as P2M

 

[Sevendar@01]

Yes it should work. I used Paytm for my account last quarter. Received voucher as well.

The transaction was marked as P2M

is your paytm account full kyc ?

 

[hks789]

is your paytm account full kyc ?

Yes

 

[Sevendar@01]

Yes

i actually tried to load 1 rs in amaon wallet using axis bank upi and it is showing p2m thanks for your help

 

[Sevendar@01]

Yes

can u let me know on which date i have to transfer 25k on 1st of every month or of 30th of every month so my account doesn't attract any charges

 

[kshitij_0]

I dont have debit card with my account. My guess is that it will work. Upi wallet load worked for me.

How and why don't you have DC with your account? I opened an online account received 2 DC.

 

[hks789]

How and why don't you have DC with your account? I opened an online account received 2 DC.

I opened axis acc as a digital easy 2 years ago with 2 DC. Since they had a 590rs annual fee, I closed both of them last year and upgraded the account to liberty offline.
Now I have an ATM-only Rupay Platinum card with zero charges. The card won't work online

can u let me know on which date i have to transfer 25k on 1st of every month or of 30th of every month so my account doesn't attract any charges

Any date within the calendar month is fine. I usually do it on 1st or 2nd

 

[Sevendar@01]

I opened axis acc as a digital easy 2 years ago with 2 DC. Since they had a 590rs annual fee, I closed both of them last year and upgraded the account to liberty offline.
Now I have an ATM-only Rupay Platinum card with zero charges. The card won't work online


Any date within the calendar month is fine. I usually do it on 1st or 2nd

What docs were required to upgrade and how much time does it take to upgrade the account

 

[Anil_SinghAnil_Singh is verified member.]

Does using 'E-Debit Card' while paying credit card bills in Mobikwik, Amazon (Airtel Netbanking), Paytm etc count towards waiver? Also will this give 1% cashback too?

 

[kshitij_0]

I opened axis acc as a digital easy 2 years ago with 2 DC. Since they had a 590rs annual fee, I closed both of them last year and upgraded the account to liberty offline.
Now I have an ATM-only Rupay Platinum card with zero charges. The card won't work online


Any date within the calendar month is fine. I usually do it on 1st or 2nd

How to apply for Rupay DC with Zero Charges?
Yesterday, I received Rs 118(100+18%gst) refund from my Liberty DC Charges Rs 300+18%gst, which was charged to me when I opened the account.
I think, now the charges have been reduced for Liberty DC by Axis Bank from Rs 354 to Rs 236. Probably, they'll reduce it to zero for 25k MAB Accounts in future like HDFC, IDFC and all.

 

[Sevendar@01]

How to apply for Rupay DC with Zero Charges?
Yesterday, I received Rs 118(100+18%gst) refund from my Liberty DC Charges Rs 300+18%gst, which was charged to me when I opened the account.
I think, now the charges have been reduced for Liberty DC by Axis Bank from Rs 354 to Rs 236. Probably, they'll reduce it to zero for 25k MAB Accounts in future like HDFC, IDFC and all.

nope the issuance charge for liberty DC is 200+gst and annual charge is 300+gst

 

[hks789]

How to apply for Rupay DC with Zero Charges?
Yesterday, I received Rs 118(100+18%gst) refund from my Liberty DC Charges Rs 300+18%gst, which was charged to me when I opened the account.
I think, now the charges have been reduced for Liberty DC by Axis Bank from Rs 354 to Rs 236. Probably, they'll reduce it to zero for 25k MAB Accounts in future like HDFC, IDFC and all.

You can apply it through mobile app. Initially it was not shown among the available list of dc but once I closed all my existing cards this one was shown

 

[0xpratyush]

How to apply for Rupay DC with Zero Charges?
Yesterday, I received Rs 118(100+18%gst) refund from my Liberty DC Charges Rs 300+18%gst, which was charged to me when I opened the account.
I think, now the charges have been reduced for Liberty DC by Axis Bank from Rs 354 to Rs 236. Probably, they'll reduce it to zero for 25k MAB Accounts in future like HDFC, IDFC and all.

Bhai axis hai charges badhega.. kam hone ki sochna v mat.. 🤣

 

[Abhishek012]

Does using 'E-Debit Card' while paying credit card bills in Mobikwik, Amazon (Airtel Netbanking), Paytm etc count towards waiver? Also will this give 1% cashback too?
View attachment 10029

Axis Liberty account also offer 1% cashback using Merchant UPI transaction.

if you spend 60000 in One Quarter You will get 750 rs Cashback ( Spend Should be done on Merchant UPI like cred/paytm add money using upi ) and i got 750 Rs .

Now 750 Voucher Cashback As per official axis its mentioned twice per year But i got 4 times in A year (You won't get email from axis/gyftr but check redemption link ) after quarter end - https://www.gyftr.com/rewards/axisbankspendscampaign/?utm_source=cuelinks-affiliate-13-06-19

 

[Copycat]

Now 750 Voucher Cashback As per official axis its mentioned twice per year

Officially, it is 4 times a year. Did you see something different, elsewhere?