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Axis Bank Liberty Savings Account Benefits

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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
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.

Screenshot_2024-02-02-21-29-44-415-edit_com.google.android.gm.jpg

★ Conditions:-

**Check the list of eligible MCCs for the Weekend 5% Cashback at the link below.** 👇

^Check the list of excluded spends/MCCs for the NMC waiver at the link below.^ 👇


Screenshot 2025-10-21 114516.webp


★ 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/-



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/
 
Last edited by 6ix9ine:
Bro, I just opened it 😀

Anyways, for you:
Account is closed within 14 days of account opening: Nil
Account is closed between 14 days and 1 year of account opening: Rs. 500
Account is closed post 1 year of account opening: Nil
I am looking to open it only for Ace. Otherwise no use of that account for me. That's why wanted to know for it. It's shocking and strange that they will let you close account for free within 14 days. Is the closing process offline only?
 
I am looking to open it only for Ace. Otherwise no use of that account for me. That's why wanted to know for it. It's shocking and strange that they will let you close account within 14 days. Is the closing process offline only?
Almost all banks allow closure within 15 days without any charges.
Guess have to visit the branch to close it.
 
Seems like they are calling Liberty Card on Mastercard an Upgrade .

@ashwink when are you applying , Liberty DC on Mastercard Paltform ??

Do not froget to share Photos with us.
OK, Maharaj.. I already have this great liberty DC and they are saying I deserve even the best. It seems they know me better than myself
 
@ashwink would you like to add something? 🤭
Anyway, my lovely lady BM is like gone forever, haven't heard since last time she spoke to me about my complaint about Virtual DC.. as expected...
and these guys say " I will come back to you tomorrow sir.." and that tomorrow never arrives..
 
Last edited:
Anyway, my lovely lady BM is like gone forever, haven't heard since last time she spoke to me about my complaint about Virtual DC.. as expected...
and these guys say " I will come back to you tomorrow sir.." and that tomorrow never arrives..
Leave it. I too only
Hey , take it easy mate...
No I can't take it easy. I want them to provide you the virtual debit card. 🤗
 
I was recently added to my brother’s Burgundy Family account, I have a DBEasy Account , will it automatically get upgrade to burgundy or do I have to fight till MD desk ???
 
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