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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:
Maybe 750 will decrease to 500
They can theoretically do this or they can even make it 0.. if they do , there is no single SB account worth holding in this bank.. there are alternatives..
If they go on this way , eventually , that may lead to their Share Price devaluation
 
Last edited:
They can theoretically do this or they can even make it 0.. if they do , there is no single SB account worth holding in this bank.. there are alternatives..
If they go on this way , eventually , that may lead to their Share Price devaluation
Wondering how much % of account with axis will be under this program?

And if they devalue it, how many would be actually closing that account to make a impact on share price ?
🫠
 
Wondering how much % of account with axis will be under this program?

And if they devalue it, how many would be actually closing that account to make a impact on share price ?
🫠
Not just this SB account ,
I said “if they go on this way, eventually “
meaning, if they continue down this path of devaluation, eventually…
The point here is , not so much on the actual devaluation , it is loss of trust and unstable product offerings that do the damage
 
They can theoretically do this or they can even make it 0.. if they do , there is no single SB account worth holding in this bank.. there are alternatives..
If they go on this way , eventually , that may lead to their Share Price devaluation
If they have no to show in the board meeting all will me good.

I think they will restrict some transaction. In order to avail this voucher.
 
Thanks for the headsup. But facing issue in redemption. Tried 500 and 250 amazon gv. There was error saying not able to redeem for 500. Didn't get voucher but the balance shown in gyftr site is 0. Anyone faced similar issue ? Thanks
 
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