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/

 

[Deleted member 2540]

i don't remember, it had lot of options. The only voucher i look for is Amazon, and it was there 😂

Amazon is enough

 

[hellobois]

are you holding select account, coz the reward rate is similar to select savings account. You must have used it for 1 lakh + for .93% ?

yes 😂

actually 0.93% upto Rs 700

 

[Piyush_Jaiswal]

One more thing to clarify for Indus Max Active:

For waiver of NMC- UPI P2M, NetBanking, DC, Any Standing Instructions or Auto-Pay will be considered.

But for 750 Vouchers per quarter- only DC spends will be considered.

 

[Deleted member 2540]

are you holding select account, coz the reward rate is similar to select savings account. You must have used it for 1 lakh + for .93% ?

Reward Rate depend upon debit Card variant not Account variant.
And Debit Card variant depend upon Account variant

 

[Deleted member 2540]

One more thing to clarify for Indus Max Active:

For waiver of NMC- UPI P2M, NetBanking, DC, Any Standing Instructions or Auto-Pay will be considered.

But for 750 Vouchers per quarter- only DC spends will be considered.

No issues Delights DC will make DC spends more rewarding especially for fuel.

 

[Piyush_Jaiswal]

are you holding select account, coz the reward rate is similar to select savings account. You must have used it for 1 lakh + for .93% ?

Most of their DC have similar reward structure, just different capping.

I have Platinum Plus, which is by default given to Max Active users which has a max limit of 2000 RP (value 700 Rs, can be credited to account) per month

You have to spend 79200 per month to get Rs 700

 

[ashwinkashwink is verified member.]

No issues Delights DC will make DC spends more rewarding especially for fuel.

In delights DC you don't get normal reward points 🥲

 

[ashwinkashwink is verified member.]

Most of their DC have similar reward structure, just different capping.

I have Platinum Plus, which is by default given to Max Active users which has a max limit of 2000 RP (value 700 Rs, can be credited to account) per month

The good thing of Indusind DC are rewards can be redeemed into direct cash 😁

 

[Deleted member 2540]

In delights DC you don't get normal reward points 🥲

Explain Further.
Indus not crediting points as per Features I.e, 5% for fuel entertainment and dining??

 

[Piyush_Jaiswal]

Explain Further.
Indus not crediting points as per Features I.e, 5% for fuel entertainment and dining??

Perhaps, he meant to say you won't get normal 0.93% cashback.

 

[ashwinkashwink is verified member.]

Explain Further.
Indus not crediting points as per Features I.e, 5% for fuel entertainment and dining??

Only the mentioned categories will eligible for cash back only and nothing for others..

 

[Deleted member 2540]

Only the mentioned categories will eligible for cash back only and nothing for others..

That is fine for me.
For rewards I have Select.
Fuel spends will give 5% which even CC does not give

Indus is faaaaaaarr Better than lo***du Axis

I just want an alternative to Liberty and Lo***du Axis.

Axis is the only Bank jiske liye dil se gaali nikalti hai

 

[krishc]

I opened Axis Liberty recently only for these offers.
Now I'm worried seeing this kind of reviews.
I can't switch to Indus Max Active easily as I already have Indus Select as Indus doesn't allow 2 savings accounts as sole owner. Hence I'll have to convert one of them as "Joint". But dragging parents to bank for kyc is something I always try to avoid.

One of the reason, I liked Liberty features better is the weekend shopping 5% offer.

I'll probably give them couple of quarters to see how it goes !!

P.S. - Is there any way to get LTF DC with Max Active account?

 

[CardSeeker]

I opened Axis Liberty recently only for these offers.
Now I'm worried seeing this kind of reviews.
I can't switch to Indus Max Active easily as I already have Indus Select as Indus doesn't allow 2 savings accounts as sole owner. Hence I'll have to convert one of them as "Joint". But dragging parents to bank for kyc is something I always try to avoid.

One of the reason, I liked Liberty features better is the weekend shopping 5% offer.

I'll probably give them couple of quarters to see how it goes !!

P.S. - Is there any way to get LTF DC with Max Active account?

they dont offer ltfdc for lower variant accounts

 

[Deleted member 2540]

Now I'm worried seeing this kind of reviews.
I can't switch to Indus Max Active easily as I already have Indus Select as Indus doesn't allow 2 savings accounts as sole owner. Hence I'll have to convert one of them as "Joint". But dragging parents to bank for kyc is something I always try to avoid.

someone in the forum told me After joint Account opening we can remove joint holder.
Same here, I want to avoid it too.

One of the reason, I liked Liberty features better is the weekend shopping 5% offer.

I'll probably give them couple of quarters to see how it goes !!

On Paper Axis Liberty is best any time.

But let me show you the reality.

Back to Back two RBI Complaint for getting that 5% cashback.
Earlier Axis used to provide it by Complaint to level 1 only.
Now Axis need Fire 🔥 under their bottoms directly from RBI BANKING OMBUDSMAN to get some kick .

For 750 Voucher, I never raised a Complaint , but this month only one guy on the forum received it after Complaint.
So now Each customer needs to raise complaint separately to get the voucher.

Someone told me after raising Complaint for 750 voucher no response from axis.

For getting benifits as per Product features, Now Complaint with RBI is Mandatory.

 

[krishc]

someone in the forum told me After joint Account opening we can remove joint holder.
Same here, I want to avoid it too.


On Paper Axis Liberty is best any time.

But let me show you the reality.

Back to Back two RBI Complaint for getting that 5% cashback.
Earlier Axis used to provide it by Complaint to level 1 only.
Now Axis need Fire 🔥 under their bottoms directly from RBI BANKING OMBUDSMAN to get some kick .

For 750 Voucher, I never raised a Complaint , but this month only one guy on the forum received it after Complaint.
So now Each customer needs to raise complaint separately to get the voucher.

Someone told me after raising Complaint for 750 voucher no response from axis.

For getting benifits as per Product features, Now Complaint with RBI is Mandatory.

Previously you used to get the 750 voucher normally ?
How many days they took post the completion of the quarter to send the voucher previously ?

 

[Deleted member 2540]

Previously you used to get the 750 voucher normally ?
How many days they took post the completion of the quarter to send the voucher previously ?

No fixed time But it came for every one at same time

Not like this month , one got it after Complaint and other Customers still waiting.

 

[LJGIBBS]

Axis customer care wale jab call pr bolte hain "For all your queries, we are always Dil se Open" - Us wqt main apne gusse ko kaise control karta hu yeh main bhi nhi janta.

 

[Deleted member 2540]

Axis customer care wale jab call pr bolte hain "For all your queries, we are always Dil se Open" - Us wqt main apne gusse ko kaise control karta hu yeh main bhi nhi janta.

Do email interactions.
I regularly use Shameless or Shameless Idiots over E-Mail.

Once I used Shameless Bustard.

Then Axis reply me, "We request you, Do not use unparliamentary language over E-Mail interactions"
We sincerely regret the inconvenience........

Looks like Axis has no problem if Someone call them Shameless Idiots but have problem if someone call them Shameless Bustard.
😂😂

 

[Anil_SinghAnil_Singh is verified member.]

I too raised a service request on Saturday via chat support. They gave 20 working days timeline. 🤣🤣🤣