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.

---

★ 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 13721]

IDFC First DC

Why the blatant discrimination 😢

Tell us the truth, do you work for IDFC First Bank? 🤣

 

[AritraSaha]

They thought hiring Engineers with WhiteHat Jr. certificates was a good idea. Give it some time, aayega rewards 😝

 

[Gohio]

Tell us the truth, do you work for IDFC First Bank? 🤣

Lol, no.

View attachment 24623

My point is their rewards program has the potential to be the best in class for DCs but implementation is horrible atm.
Until then more people using it = more people reporting bugs. 😅

 

[SSV]

Lol, no.

My point is their rewards program has the potential to be the best in class for DCs but implementation is horrible atm.
Until then more people using it = more people reporting bugs. 😅

We are not talking about potential here.. We are talking about current facts... Hence no injustice was done to your lovely IDFC cards...yet...

 

[AritraSaha]

Lol, no.

My point is their rewards program has the potential to be the best in class for DCs but implementation is horrible atm.
Until then more people using it = more people reporting bugs. 😅

Which idfc account you have? I am thinking of opening future first..

 

[Gohio]

Which idfc account you have? I am thinking of opening future first..

Basic 10k MAB with Visa classic card.
I had opened this before the rewards program. The interest rates are decent, so I maintain my emergency fund here.

 

[SSV]

Which idfc account you have? I am thinking of opening future first..

Yes, @Gohio , would love to hear your expereince with IDFC and its potentiality from the horses mouth , as they say...
Would you mind elaborating your experience...

 

[Gohio]

Yes, @Gohio , would love to hear your expereince with IDFC and its potentiality from the horses mouth , as they say...
Would you mind elaborating your experience...

This was the first VKYC account I had opened and was happy about the smooth experience.
Never had to visit the branch, or talk to an RM or any other bank agent. Unsubscribed from marketing emails first thing.
The mobile banking app works as expected.

I was just happy about the lack of pestering from them. I have not done anything complex with the account.
I would not have known about the rewards program if not for a colleague paying big CC bills and getting points redeemable as Amazon vouchers. Even he is facing problems with rewards in the recent week.

Having opened an IndusInd account from home very recently I guess that's pretty standard these days. Only the high NRV accounts are a pain in the ass.

 

[SSV]

This was the first VKYC account I had opened and was happy about the smooth experience.
Never had to visit the branch, or talk to an RM or any other bank agent. Unsubscribed from marketing emails first thing.
The mobile banking app works as expected.

I was just happy about the lack of pestering from them. I have not done anything complex with the account.
I would not have known about the rewards program if not for a colleague paying big CC bills and getting points redeemable as Amazon vouchers. Even he is facing problems with rewards in the recent week.

Having opened an IndusInd account from home very recently I guess that's pretty standard these days. Only the high NRV accounts are a pain in the ass.

Cheers...

 

[AritraSaha]

This was the first VKYC account I had opened and was happy about the smooth experience.
Never had to visit the branch, or talk to an RM or any other bank agent. Unsubscribed from marketing emails first thing.
The mobile banking app works as expected.

I was just happy about the lack of pestering from them. I have not done anything complex with the account.
I would not have known about the rewards program if not for a colleague paying big CC bills and getting points redeemable as Amazon vouchers. Even he is facing problems with rewards in the recent week.

Having opened an IndusInd account from home very recently I guess that's pretty standard these days. Only the high NRV accounts are a pain in the ass.

In my experience (cc)
Good-
1. App is nice, good ui.
2. Customer care is fast to talk.
3. Twitter support is nice.
4. Most things are free.
5. Email support is fast if your query is generic
Bad-
1. If the matter is complicated, customer care is useless.
2. Email taken time to solve in the complicated cases.(15days)
3. They have no coordination between the twitter & call support.
4. They have issue in backend.
5. Failed to transaction at 4am. Don't know why?

 

[Tejo]

IDFC First DC

Why the blatant discrimination 😢

Idfc can't afford cb for us.

We can't highlight freely, will you?

 

[Tejo]

4. Most things are free.

Really, are you saying about axis, I just wish to confirm ?

Axis plays cheap tricks like hiding toll free number 18001035577 . I airtel member shifted my postpaid to prepaid due to charges of 1860 😔

 

[AritraSaha]

Really, are you saying about axis, I just wish to confirm ?

Axis plays cheap tricks like hiding toll free number 18001035577 . I airtel member shifted my postpaid to prepaid due to charges of 1860 😔

Lmao . NO

I am talking about idfc.

After axis, then comes indie no free no..
Rbi should make rules for this.

 

[AritraSaha]

Really, are you saying about axis, I just wish to confirm ?

Axis plays cheap tricks like hiding toll free number 18001035577 . I airtel member shifted my postpaid to prepaid due to charges of 1860 😔

Today, I just switched my no to jio itself for that reason.

Moti bhai zindabad.
F to chortel.

 

[Gohio]

Idfc can't afford cb for us.

We can't highlight freely, will you?

I know I know.

This was not meant to be an accusation but a lighthearted comment.
I was selling IDFC to @VISHESH_BANSAL yesterday only, hence wrote this 😅

Ye ek comment kaafi bhadi pad gaya 🙊

 

[Gohio]

Really, are you saying about axis, I just wish to confirm ?

Axis plays cheap tricks like hiding toll free number 18001035577 . I airtel member shifted my postpaid to prepaid due to charges of 1860 😔

1860 😧
Are you call-dating (not a word) somebody from Axis customer support? 🤣

 

[Tejo]

1860 😧
Are you call-dating (not a word) somebody from Axis customer support? 🤣

My curse for you:

Your highest limit credit card details should leaked.

At this time you will know the pain, if the call was not connected to the agent then pain time to time increases.

Not just money, you will loose.

 

[AritraSaha]

Lol, I just talk to them to practice my English skill.😝😝

Free main teacher..

 

[Tejo]

Lol, I just talk to them to practice my English skill.😝😝

Free main teacher..

Just go to bajaj app,

Loan, securities, fd

You will get calls daily 🤣

 

[SSV]

Pay 60k - quarter 750 voucher.
Rest you hdfc. Cb in August.

1.
Pay 20k credit card bill every Month via your Axis E-Debit Card on Mobikwik.
Mobikwik also gives additional 50 Cashback for first Payment of the Month.

So by paying 20k every month via this Route you will get:-

750 GV at the end of every Quarter

50×3= 150 every Quarter
200×3=600 every Quarter.

Total Benift:-
1500/Every Quarter.

2.
For Rest Amount utilitze your HDFC PLATINUM DC.

I am assuming you do not have any other Bank's DC.

BANG......

Now this is what I call PROFESSIONALISM... I just started researching about CC Bill rewards apps
and BANG you answered this...

Because Edebit DC gives 1% upto 200 whereever we use, we need some place to use this edebit to get extra return...
I will keep checking if there are any more CC rewards ways other than Mobikwik.....

Guys, I think I got the best deal of the day to pay for a part of my ICICI APAY bill (30K out of 150K) thru Paytm App using my AXIS Liberty Virtual Credit Card..

This is better than Mobikwik deal, even though it is a one off... just for today.. you never know what tomorrow holds for us...

Used Paytm offer : get 30K CB points for 30K or above CC Payment (35K CB point max @100%).

So...
For 30k CC payment , my returns are:

30,000 Paytm CB points = 300
Liberty Virtual Card CB = 200
Proportion of Quarterly = 375
Vouchse 750/2
Total = 875

875/30000 2.91% , almost 3% back... I think it is a good deal.. thanks @VISHESH_BANSAL and @4uziaul for introducing me to Liberty account.. This is my first day of Liberty account....