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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 15th November, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 15th November, 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:
SBI has also started offering a Free Virtual Debit Card. Not aware of its reward structure though.
Ye sbi ke related thread nahi hai
 
I am getting Cashback for Paytm Merchant Txns.



So I have not tried any other website.



Why would I take risk when I am getting assured 5% cashback on Paytm Merchant Txns.


If somehow I can find MCC of Merchant at which I am performing the Txn I can take risk but Banks will disclose MCC Only upon exchanging many E-Mails
What is the best way to avail 5% weekend cashback on Liberty DC without actually buying anything?

Any other platform apart from the Paytm Merchant method which you have mentioned?

I am asking because my Paytm Merchant Account hasn't been given access to accept Debit Card.
 

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90k initial limit
Got myzone ltf
Then got
Flipkart axis - closed ( previlgae now )
Iocl

age is 4 month as if now .was pre approved . Didn't even apply got over otp by rm phone
Okay, understood.. so you are fairly a new kid on the Axis block..
Unless you’re expecting huge CL, I don’t think it matters if you change your banking branch to rural.
Spends, kind of spends, repayment history and income are the crucial factors in getting LE..
For a new application it’s a different ball game altogether..
Happy country-side living!!
 
Last edited:
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