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/

 

[AritraSaha]

What are consolidated charges in axis bank are they SMS charges or something else ?

Debit card charges :
• Debit Card Annual /Issuance fee
• Debit Card Replacement fee
b. Non-Maintenance of minimum balance as per limit applicable on your account type
c. Charges beyond stipulated free transaction limits
• ATM withdrawal
• Cheque book
d. Value Added Services – SMS Alert
e. Transaction failure charges
• Auto Debit Failure
• Cheque Return /bounce
• Standing Instruction bounce
f. Transaction Charges
• Cash Transaction
• DD Issue Charges/Revalidation
• Recurring Deposit Standing Instruction
• Stop Cheque
g. Duplicate Passbook/Statement Fees
h. I-connect /Net Secure device charges
i. Charges towards additional products you have opted
• Annual charges towards DEMAT account
• Annual locker charges

All this are included in consolidated charges.

 

[samm255]

Opened Liberty account for my wife today. SMS alert can be deactivated by calling customer care. I did that when I had Axis account a while back and it never charged for sms after that. Not sure what is process now to deactivate sms alert.

 

[AritraSaha]

I have turned the sms alarts off.
Afterwards having got sms for transaction.
Any solution? 😅

 

[Deleted member 2540]

I have turned the sms alarts off.
Afterwards having got sms for transaction.
Any solution? 😅

No Solution.
"Dil se Open" ke sath sath "Dil se pakka Besharam" bhi hai Axis

 

[samm255]

I have turned the sms alarts off.
Afterwards having got sms for transaction.
Any solution? 😅

I think transaction alerts are mandatory by RBI. You won't get charged for transaction sms. Check in next quarter. I also used to get transaction alert after I deactivated sms.

 

[samm255]

@VISHESH_BANSAL bhai, I opened account through bank employee at my home on his mobile number and he provided me instant kit. Would I get e-debit card or only liberty dc? Is this account considers digital liberty account or branch opened account?

 

[AritraSaha]

@VISHESH_BANSAL bhai, I opened account through bank employee at my home on his mobile number and he provided me instant kit. Would I get e-debit card or only liberty dc? Is this account considers digital liberty account or branch opened account?

What do mean by 'on his mobile number' ?
Don't tell me you open account with his mobile number, lol.

On digital 🗽 acc you will get two dc , the virtual dc is free & 🗽dc is has some charges.

And offline account have only physical card.

 

[Deleted member 2540]

@VISHESH_BANSAL bhai, I opened account through bank employee at my home on his mobile number and he provided me instant kit. Would I get e-debit card or only liberty dc? Is this account considers digital liberty account or branch opened account?

Offline.
Only one DC which is Physical DC.

You can also open the Digital Liberty Account by sitting at your home yourself.

You unnecessarily gives headache to the poor Axis Guy

 

[Deleted member 2540]

What do mean by 'on his mobile number' ?
Don't tell me you open account with his mobile number, lol.

On 🗽 acc you will get two dc , the virtual dc is free & 🗽dc is has sone charges.

Emoji ka itna Perfect use aaj phli baar dekha hai.

 

[samm255]

What do mean by 'on his mobile number' ?

I meant he completed account opening process in his axis app. He filled all information in the app and uploaded docs like signature etc through app.

 

[samm255]

You can also open the online Account by sitting at your home yourself.

Yes, but I didn't want any headache. My friend tried online process and due to some error his application was stuck, after couple of days they opened easy access account for him and then he had to go to branch to upgrade account to liberty. Not sure how they opened easy access without his consent when application was stuck.

 

[samm255]

He told me about this account feature then I came to forum to do some research and found this thread. Thank you for your valuable information, helped a lot.

 

[hariselio]

Consolidated charge of 3.5 + GST for me, Is it random? Also i pay CC bill around 20-25K every month using liberty debit card via paytm. Any benefits on this? Any vouchers? 😀

@VISHESH_BANSAL Any comments on this? Account opened in May 2023, every month making credit card payment through Paytm using debit card around 20-25K, but so far no cashback and no vouchers.

 

[Deleted member 13721]

@VISHESH_BANSAL Any comments on this? Account opened in May 2023, every month making credit card payment through Paytm using debit card around 20-25K, but so far no cashback and no vouchers.

Take a moment to read the first post properly and understand what might be causing Axis to refrain from issuing the vouchers. 🤣

 

[hariselio]

read the first post properly

Thanks and i did that already. But still looking for some info, as @VISHESH_BANSAL already mentioned now axis made it smooth. If you have any specific point why axis is doing this, please enlighten!

 

[Deleted member 2540]

Thanks and i did that already. But still looking for some info, as @VISHESH_BANSAL already mentioned now axis made it smooth. If you have any specific point why axis is doing this, please enlighten!

I aleady explained deatils in first comment .
I do not have more info than What I wrote in First Comment of this thread.

If you are not fulfilling eligibility criteria, then why are you expecting Axis to Process the benifits ?

 

[Deleted member 13721]

Thanks and i did that already. But still looking for some info, as @VISHESH_BANSAL already mentioned now axis made it smooth. If you have any specific point why axis is doing this, please enlighten!

If you had understood the post by now, you would have realized why you are missing those vouchers. 🤣

 

[hariselio]

If you had understood the post by now, you would have realized why you are missing those vouchers. 🤣

Not sure, what is there to LOL. Anyways, first post mentioned spend 15K on any merchant using upi, netbanking or debit card. And couple of posts after first post mention about paytm merchant also allowed. As i mentioned 20K to 25K cc bill payment through paytm using liberty debit card, still not sure what im missing.

 

[varun__goel_]

Not sure, what is there to LOL. Anyways, first post mentioned spend 15K on any merchant using upi, netbanking or debit card. And couple of posts after first post mention about paytm merchant also allowed. As i mentioned 20K to 25K cc bill payment through paytm using liberty debit card, still not sure what im missing.

Have you spend 60k in last quarter?🤣

 

[hariselio]

Have you spend 60k in last quarter?🤣

i already spent more than that, but then quarterly spend is for 750 rs voucher right? Isn't they supposed to give 500rs cashback for every month spend?