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/

 

[Apurvsahilz]

Ad mani in kotak 911

 

[BhaiyaJi]

Guys quarterly paisa aaya ?

 

[shutapdiya]

Guys quarterly paisa aaya ?

Itne jaldi kabhi aya hai?

 

[BhaiyaJi]

Itne jaldi kabhi aya hai?

I know kabhi nahi aaya but

 

[varun__goel_]

Guys quarterly paisa aaya ?

 

[prashu]

How many days will it take ?

 

[BhaiyaJi]

10-15 days / working days.

 

[ksen13]

Quarterly milestone voucher kab milta Hain generally?Kitne dino ke baad milta Hain quarter end hone ke baad

10-15 days / working days.

Matlab?
Means October to December quarter ka voucher January 15-20 ke andar ayega kya ?

 

[Tejo]

Quarterly milestone voucher kab milta Hain generally?Kitne dino ke baad milta Hain quarter end hone ke baad

Matlab?
Means October to December quarter ka voucher January 15-20 ke andar ayega kya ?

💯 ... ...

 

[Deleted member 19102]

I opened Axis Easy Access account online thinking maintaining 5k is easier, then got know about liberty account so wanted to convert it, called phone banking and asked if it can be converted. They said it can be you need to visit branch. So I visited branch and they said it's been only 3 months since account got opened it cannot be changed to Liberty before 6 months. Felt weird so visited another big branch, there they took request and called next day saying they cannot since it's not 6 months, I said okay. Then after 6 months I went (i.e Dec end) and executive is like it can't be done in Dec since June is not counted. So I just said how many times I have to visit branch, she said we'll take request and process it in Jan. And they did it.

It's so weird to see that they can't change product varient before 6 months. First time I asked them can't you close the account and then open new, that time executive is like account cannot be closed before 12 months, I asked her why and she's like you have accepted terms and conditions of it and it's mentioned in there.

Is this just Axis being Axis?

 

[sm9811911]

I opened Axis Easy Access account online thinking maintaining 5k is easier, then got know about liberty account so wanted to convert it, called phone banking and asked if it can be converted. They said it can be you need to visit branch. So I visited branch and they said it's been only 3 months since account got opened it cannot be changed to Liberty before 6 months. Felt weird so visited another big branch, there they took request and called next day saying they cannot since it's not 6 months, I said okay. Then after 6 months I went (i.e Dec end) and executive is like it can't be done in Dec since June is not counted. So I just said how many times I have to visit branch, she said we'll take request and process it in Jan. And they did it.

It's so weird to see that they can't change product varient before 6 months. First time I asked them can't you close the account and then open new, that time executive is like account cannot be closed before 12 months, I asked her why and she's like you have accepted terms and conditions of it and it's mentioned in there.

Is this just Axis being Axis?

Whatever the case or bank, how can they not close the account. Surely not giving you the full info.

 

[SSV]

Is this just Axis being Axis

As of March 2023, Axis had 91,898 set of rules for the same query..(with some overlapping)….
😉

 

[Deleted member 19102]

Whatever the case or bank, how can they not close the account. Surely not giving you the full info.

Yes. I didn't wanted to fight with them, so I just waited. But i saw in some thread here saying that axis said they cannot close the account in 12 months so axis had offered to convert into basic savings account. So that person proceed with it.

 

[varun__goel_]

I opened Axis Easy Access account online thinking maintaining 5k is easier, then got know about liberty account so wanted to convert it, called phone banking and asked if it can be converted. They said it can be you need to visit branch. So I visited branch and they said it's been only 3 months since account got opened it cannot be changed to Liberty before 6 months. Felt weird so visited another big branch, there they took request and called next day saying they cannot since it's not 6 months, I said okay. Then after 6 months I went (i.e Dec end) and executive is like it can't be done in Dec since June is not counted. So I just said how many times I have to visit branch, she said we'll take request and process it in Jan. And they did it.

It's so weird to see that they can't change product varient before 6 months. First time I asked them can't you close the account and then open new, that time executive is like account cannot be closed before 12 months, I asked her why and she's like you have accepted terms and conditions of it and it's mentioned in there.

Is this just Axis being Axis?

They can close the account before 12 months, but that will be chargeable.
And that 6 months policy seems to be true, as two branches quoted the same🙂

 

[vasanth_ece]

I recently converted my SBSAL to SBLBR. Since its existing account migration, i am not getting welcome kit etc. For Liberty Debit card, they asked to apply online once Account got migrated.

But i dont see the option of Upgrading the debit card to Liberty.I currently have Visa Platinum Debit card. Even i don't see e-debit card option.
Any solution, do i need to visit branch?

 

[Apurvsahilz]

I opened Axis Easy Access account online thinking maintaining 5k is easier, then got know about liberty account so wanted to convert it, called phone banking and asked if it can be converted. They said it can be you need to visit branch. So I visited branch and they said it's been only 3 months since account got opened it cannot be changed to Liberty before 6 months. Felt weird so visited another big branch, there they took request and called next day saying they cannot since it's not 6 months, I said okay. Then after 6 months I went (i.e Dec end) and executive is like it can't be done in Dec since June is not counted. So I just said how many times I have to visit branch, she said we'll take request and process it in Jan. And they did it.

It's so weird to see that they can't change product varient before 6 months. First time I asked them can't you close the account and then open new, that time executive is like account cannot be closed before 12 months, I asked her why and she's like you have accepted terms and conditions of it and it's mentioned in there.

Is this just Axis being Axis?

Rather than running from pillar to post you should have closed account in first visit

 

[varun__goel_]

I recently converted my SBSAL to SBLBR. Since its existing account migration, i am not getting welcome kit etc. For Liberty Debit card, they asked to apply online once Account got migrated.

But i dont see the option of Upgrading the debit card to Liberty.I currently have Visa Platinum Debit card. Even i don't see e-debit card option.
Any solution, do i need to visit branch?

Apply by calling customer care. You won't get e debit card. It is just for name sake. No benefits.

 

[Deleted member 19102]

Rather than running from pillar to post you should have closed account in first visit

Like I said, I told them what if I want to close the account, they said it can't be closed before 12 months. I didn't wanted to fight with them so I just let it go.

 

[Deleted member 5552]

@VISHESH_BANSAL Congratulations 🎉🎉 for reaching 156 pages

My opinion is Axis Bank should reward you ❤️ for this product-promotion ❤️

 

[Deleted member 13721]

@VISHESH_BANSAL Congratulations 🎉🎉 for reaching 156 pages

My opinion is Axis Bank should reward you ❤️ for this product-promotion ❤️

And successfully looting Axis for so long. 😁