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/

 

[hellobois]

What I understand from soc is if you maintain 25k then cheque book is free, otherwise chargeable(spending 25k)

Who uses cheque book in this era of digital banking?
I think only old businessmen use it.

 

[AritraSaha]

I have used cred only till now. 1 rupee reward for 2 lakhs hits differently 🤣

Do this.
Tap& hold cred. UNINSTALL
😁

 

[AritraSaha]

First cheque book must be free, if you want clarification mail them so as it will act as proof if charged🤷🤷

I think 20 or 25 🍀free per year 🙂

 

[varun__goel_]

I have used cred only till now. 1 rupee reward for 2 lakhs hits differently 🤣

Get a account or two in hdfc if you regularly have such amount of payment for non hdfc cc🙂

 

[ArpanOP]

Do this.
Tap& hold cred. UNINSTALL
😁

Will keep it to see my dues 🤣

 

[varun__goel_]

Who uses cheque book in this era of digital banking?
I think only old businessmen use it.

Better to have it for emergencies than not have it and regretting 🤷

 

[varun__goel_]

Will keep it to see my dues 🤣

The only use of cred now, as it gives reminder frequently 🤭

 

[AritraSaha]

Will keep it to see my dues 🤣

You can do that with paytm & with other apps..🤗

 

[AritraSaha]

The only use of cred now, as it gives reminder frequently 🤭

I have it for 2 reason.
1. Can check running offers in cc.
2. Sometimes gives good deal on store.

 

[ArpanOP]

I have it for 2 reason.
1. Can check running offers in cc.
2. Sometimes gives good deal on store.

Yeah, same. Also, paytm is shit overall. Can't even transact over 1lakh with a bloody debit card. KYC is suspended yet managed to do it on my mum's phone. Great.

 

[Mr. BeanMr. Bean is verified member.]

When I started reading this thread, it had only 137 pages. Now, 140. Future readers will take ages to read. 🤪

 

[hellobois]

Do this.
Tap& hold cred. UNINSTALL
😁

It's like a pet dog.
A dog barks when someone is at the door.
Cred sends 3 way notifications when your credit card statement is generated. So it's a must have app in your phone.
Even though the cred coins are as useless as a crow's shit, the timely reminders save a lot of efforts.

I see the notification on cred and make cc bill payment on HDFC billpay or Cheq.

Life is cruel bro 😭😂😂😎

 

[hellobois]

When I started reading this thread, it had only 137 pages. Now, 140. Future readers will take ages to read. 🤪

Your name is pothi, it means bundle in hindi. You should write an article upto 140 pages so that there would be a status dedicated to you when this thread ends.
Although it may take a couple of years but I'll try to convince the moderators to dedicate this thread to you for your efforts.
I'm sure you can do it bro 😁😉😝

 

[AritraSaha]

Yeah, same. Also, paytm is shit overall. Can't even transact over 1lakh with a bloody debit card. KYC is suspended yet managed to do it on my mum's phone. Great.

Don't know about 1L thing. But if you had mini kyc(wallet), you can do full kyc.

 

[ArpanOP]

Don't know about 1L thing. But if you had mini kyc(wallet), you can do full kyc.

Are bhai, both the account was opened last month.

 

[varun__goel_]

Are bhai, both the account was opened last month.

Is your Axis dc working now?

 

[ArpanOP]

Is your Axis dc working now?

Yes. I escalate it to the axis and it turns out I don't have to wait 24 hours. That is only for the 1st transaction. Paytm was the one to blame cause they were not processing the payment.

 

[telescope]

Can anyone tell me how to add family members to liberty family banking system?

1. Do they need to individually open liberty account first and then link to my account/customer id?
2. If I spend 25k in my account and family members neither maintain nor spend 25k in their account, will they get charged non-maintenance fees?
3. If family members transact with their dc, will they get 750 per quarter voucher individually?

 

[Badshah]

Can anyone tell me how to add family members to liberty family banking system?

1. Do they need to individually open liberty account first and then link to my account/customer id?
2. If I spend 25k in my account and family members neither maintain nor spend 25k in their account, will they get charged non-maintenance fees?
3. If family members transact with their dc, will they get 750 per quarter voucher individually?

Axis mobile app>Services>Family Banking
1) Yes
2) No .Post in thread 'Axis Bank Liberty Savings Account Benefits' https://www.technofino.in/community...erty-savings-account-benefits.1504/post-37832
3)Yes.? @VISHESH_BANSAL I read in this thread that only primary account holder is eligible

 

[Deleted member 2540]

3)Yes.? @VISHESH_BANSAL I read in this thread that only primary account holder is eligible

May be Yes.
Though I have Liberty Family Banking but I never tried.
I use only my Account , other Accounts are doing rest with Zero Balance and Zero txns🤣