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/

 

[Anil_SinghAnil_Singh is verified member.]

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

1% cashback on top of 750 voucher?

 

[ashwinkashwink is verified member.]

1% cashback on top of 750 voucher?

No

 

[Anil_SinghAnil_Singh is verified member.]

No

That's the reason I was enquiring for e-debit card cashback. I found out that minimum of 500 needs to be spent in order to get 1%. Also, cashback will be credited in 90 days. This way, we can achieve MAB waiver target along with 1% cashback and 750 quarterly voucher. Some mcc's are excluded. https://www.axisbank.com/docs/default-source/default-document-library/e-debit-excludded-mccs.pdf
Don't have any idea about these mcc's.

 

[Abhishek012]

That's the reason I was enquiring for e-debit card cashback. I found out that minimum of 500 needs to be spent in order to get 1%. Also, cashback will be credited in 90 days. This way, we can achieve MAB waiver target along with 1% cashback and 750 quarterly voucher. Some mcc's are excluded. https://www.axisbank.com/docs/default-source/default-document-library/e-debit-excludded-mccs.pdf
Don't have any idea about these mcc's.

hmm, UPI also recently integrate MCC codes. So, now UPI spend also not allowed those MCC codes.

 

[Deleted member 2540]

Axis Liberty Weekend 5% Cashback Redemption
E-Mailer has been sent to Eligible Customers.

 

[Sevendar@01]

Axis Liberty Weekend 5% Cashback Redemption
E-Mailer has been sent to Eligible Customers.View attachment 10091

so they send the whole cashback after a year ?

 

[Deleted member 2540]

so they send the whole cashback after a year ?

For 1st and 2nd Quarter of 2022 I raised Service Request for Cashback at the end of respective Quarter and Cashback was credited.

For 3rd and 4th Quarter I raised it in
Jan23 and they told me I will get redemption link in Feb23

They never credited Cashback automatically atleast for me. You have to raise Service request if you are sure Your txns are eligible otherwise do not waste time with Axis Customer Support

Axis Customer Support is a headache. To avoid Headache I raise requests
semi-anually or Quartely depends on mood and time

 

[rishav05]

For 1st and 2nd Quarter of 2022 I raised Service Request for Cashback at the end of respective Quarter and Cashback was credited.

For 3rd and 4th Quarter I raised it in
Jan23 and they told me I will get redemption link in Feb23

They never credited Cashback automatically atleast for me. You have to raise Service request if you are sure Your txns are eligible otherwise do not waste time with Axis Customer Support

Axis Customer Support is a headache. To avoid Headache I raise requests
semi-anually or Quartely depends on mood and time

What is the best way to fulfil weekend criteria? What do you do to get these vouchers?

 

[Batmanbaba]

Axis Liberty Weekend 5% Cashback Redemption
E-Mailer has been sent to Eligible Customers.View attachment 10091

What websites u did transactions to get this weekend cashback

 

[Deleted member 2540]

What websites u did transactions to get this weekend cashback

Find a Paytm Merchant in your locality who has enabled Debit Card Option. Scan Paytm QR and Pay using Liberty DC for day to day txns instead of UPI.
Otherwise Ask the Shop owner where you pay via UPI for day to day txns to enable DC OPTION.

 

[Batmanbaba]

Find a Paytm Merchant in your locality who has enabled Debit Card Option. Scan Paytm QR and Pay using Liberty DC for day to day txns instead of UPI.
Otherwise Ask the Shop owner where you pay via UPI for day to day txns to enable DC OPTION.

It will have some mdr charges I guess

 

[Deleted member 2540]

It will have some mdr charges I guess

From past few months Paytm is not charging any MDR. May be Account Specific

 

[docmaniac]

Hi,
Most of our members hold Axis Bank Liberty savings account. As per the T&C, we will get 5% cashback upto 500 for the spends on Saturday and Sunday.

In this thread let's share various tricks to get that 5% and maximize the rewards

 

[Jay285]

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

I have same question that should I continue with Axis Priority Salary Account or should to move my salary Account to some other bank.?
In Axis Bank Priority Salary Account I get only free priority debit card and no monetary benifit on this card.

So if I open a new salary account in other bank account will I get some good monetary benefits on debit card and also free debit card.

 

[Sevendar@01]

I have same question that should I continue with Axis Priority Salary Account or should to move my salary Account to some other bank.?
In Axis Bank Priority Salary Account I get only free priority debit card and no monetary benifit on this card.

So if I open a new salary account in other bank account will I get some good monetary benefits on debit card and also free debit card.

try to open titanium account in icici or open welath account and link your salary acc to it

 

[bugmenot]

Hi, I have opened my Axis Liberty account recently. I wish to know the qualified spends for 25000 monthly criteria. Please mention if demat funding is also included in this. Thanks

Yes. Tested with Zerodha. It shows P2M UPI txns.

 

[hks789]

How to get this transaction category?

Check the transaction statement in axis app

 

[hks789]

Any other transaction category which is considered for 25000 spend for legacy transaction? It would be helpful if you can mention them.

All merchant transactions are applicable.
Don't know any other kind that is counted.

 

[Frade]

Axis priority salary account also comes with epicure membership right?

 

[Lost]

How does one upgrade?