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/

 

[RajeshV]

Over a year or so back, Axis charged me NMC even though I've spent a significant amount for CC bill payment on Cred through GPay. Had been maintaining the minimum balance since then and pondering account closure. CS refused to reverse the charges and CC bill payments don't count.

Are you saying that if I pay CC bills through Amazon instead of Cred (via GPay), it'll allow zero balance requirement?

 

[Deleted member 2540]

Over a year or so back, Axis charged me NMC even though I've spent a significant amount for CC bill payment on Cred through GPay. Had been maintaining the minimum balance since then and pondering account closure. CS refused to reverse the charges and CC bill payments don't count.

Are you saying that if I pay CC bills through Amazon instead of Cred (via GPay), it'll allow zero balance requirement?

I use DC for making any kind of spends.
And never faced issue w.r.t. NMC waiver.


You did not ask reason why NMC is debited even after 25k spends via UPI.

There is no restrictions mentioned on Website as of now.
There must be some other reasaon.

 

[krishc]

If you want to use NACH for NMC waiver then, shift to Indus Max Actice.

Read my above comment

Axis Would not consider it as a spend , further will charge you extra for each NACH payment

OMG, there are charges for nach txn 😤😤😤
I set up my new SIPs with Liberty only 🤦🤦

 

[Deleted member 2540]

OMG, there are charges for nach txn 😤😤😤
I set up my new SIPs with Liberty only 🤦🤦

Why ?????
Liberty sirf 2 txns per month ke liye hai

1st Deposit 25k
2nd Withdraw that 25k via DC/UPI/netbanking spend.

@LJGIBBS Am I right ?😂

 

[kushhh]

Latest Update from MD Desk.

What's the mail of md desk

 

[Deleted member 2540]

OMG, there are charges for nach txn 😤😤😤
I set up my new SIPs with Liberty only 🤦🤦

Earlier It was 50/NACH txn, without any Cap

Bh***wa Axis must have received Bamboo from different customers so Now Axis Revised it as below.

I regularly keep an eye on Axis SOC so that Bh***we Axis ko mauka na mile consolidated charges deduct karne ka

 

[0xfallup]

Band karwa lo account aur shanti se zindagi bitao like me ….be like 0xFallup 🙂

 

[Deleted member 2540]

Band karwa lo account aur shanti se zindagi bitao like me ….be like 0xFallup 🙂

Shanti bhang karke toh Axis ke dheele 🔩🔩🔩🔩 tight kare hai, ab close karwa le
😂

 

[krishc]

Earlier It was 50/NACH txn, without any Cap

Bh***wa Axis must have received Bamboo from different customers so Now Axis Revised it as below.

I regularly keep an eye on Axis SOC so that Bh***we Axis ko mauka na mile consolidated charges deduct karne ka

that's a lot of charges
btw under which section can I find these charges
I went to the schedule of charges page and selected liberty savings account but there ECS NACH etc is not in the list anywhere

 

[dhiraz]

Axis Liberty Savings Account is the Best Savings for those who can

Spend 10,000 INR Per month On Fuel, Entertainment,Shopping and Travel via Axis Liberty Debit Card

(Txns Done on Saturday and Sunday will be Considered)

and

Spend 15,000 INR Per Month on any Merchant via UPI
or Axis Internet Banking or Axis Liberty Debit Card.

Suggestion: Pay Credit Card Bills worth 15,000 INR on Amazon via Axis Internet Banking or UPI

If we Fulfill Above Spending Criteria We get following Benifits in return:-

1. A Zero Balance Account.
2. A Voucher of 750 INR per Quarter.
3. 500 INR Cashback Per Month.
For Birthday Month Cashback Amount is 1,000 INR.

OVERALL benifits 750*4+1000+500*11=
9,500 INR.

Consolidated Charges:-

1. Sms Charges:- 17.7*4
Total 71 INR (including GST)

2. Liberty Debit Card Annual Fee:-
354 INR (including GST)

Net Annual Savings:-9,075 INR

So If I Purchase Amazon Gift Voucher From Amazon Using Liberty Debit Card Will Give 5% on Weekend up to 500/Month
And 15k/Month CC Bill Payment From Mobikwik + 10k/Month Gift Voucher Purchase Gives 750/Quarter

 

[Anil_SinghAnil_Singh is verified member.]

Edit : Wrong page.

 

[LJGIBBS]

Why ?????
Liberty sirf 2 txns per month ke liye hai

1st Deposit 25k
2nd Withdraw that 25k via DC/UPI/netbanking spend.

@LJGIBBS Am I right ?😂

I had 0.63 in my Axis account last month, as I could not transfer less than 1 rupee through UPI. When they were not sending voucher, I transferred 1 rupee to Axis and then withrew 1.63 to make it absolutely 0. Last ka 2 transaction is the only 2 transaction i do with Liberty every month.

 

[Deleted member 2540]

When they were not sending voucher, I transferred 1 rupee to Axis and then withrew 1.63 to make it absolutely 0.

😂🤣😂🤣😂🤣

 

[murali_7]

@vishesh_bhansal how can I know mcc of specific transaction from liberty account

 

[Deleted member 2540]

@vishesh_bhansal how can I know mcc of specific transaction from liberty account

Via E-Mail.

 

[murali_7]

Via E-Mail.

Please share email address.

I did transaction from my onecard and category appears as shopping. Does same applies to liberty DC?

 

[Deleted member 2540]

Please share email address.

I did transaction from my onecard and category appears as shopping. Does same applies to liberty DC?

Same merchant pe same terminal pe txn karoge toh Category Same hi rhegi jab tak merchant khud change na kare MCC, phir card koi bhi ho farka nhi padta

Axis bhi category show karta hai.
Login to Netbaning and Go to MY MONEY section.

 

[murali_7]

Could you share the email address

 

[Deleted member 2540]

Could you share the email address

Nodal.officer@axisbank.com

 

[Rohith-2009]

@vishesh_bhansal how can I know mcc of specific transaction from liberty account

You can ask axis bank chat support also. First they refuse to share but you must say you wanted to know it