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/

 

[SSV]

On tha

For now I have been charged Rs 7 for SMSs🙂

guys, on that note. I wasn’t not charged for anything till now on my sb account opened on 1 Aug 2023.
May be they want to surprise me as an anniversary gift..
I was never charged for this sms, etc

 

[Deleted member 2540]

For now I have been charged Rs 7 for SMSs🙂

I think you escaped the decline charges🤣.

I think Decline charges may be effective after a certain date.

 

[Deleted member 2540]

On tha

guys, on that note. I don’t as not charged for anything till now on my sb account opened on 1 Aug 2022/.
May be they want to surprise me as an anniversary gift..
I was never charged for this sms, etc

Check your Statment of October again

If SMS alrerts are activated then They will deduct charges Quartely.

Today they deducted for last Quarter.

 

[SSV]

Check your Statment of October again

If SMS alrerts are activated then They will deduct charges Quartely.

Today they deducted for last Quarter.

I guess there will be a DR entry for this isn’t it?
I checked all the DR entries in my account , couldn’t find any such entries

 

[Deleted member 2540]

I guess there will be a DR entry for this isn’t it?
I checked all the DR entries in my account , couldn’t find any such entries

Then SMS alerts facilty is off for your Account

 

[varun__goel_]

I guess there will be a DR entry for this isn’t it?
I checked all the DR entries in my account , couldn’t find any such entries

View statement>last 180 days>view charges
If nothing shows up then you've not been charged🙂

 

[SSV]

View statement>last 180 days>view charges
If nothing shows up then you've not been charged🙂

Here it is

 

[SSV]

Then SMS alerts facilty is off for your Account

Say, when I do some UPI transaction , I will get debit message alert via SMS..
I haven’t requested to disable anything..
Never contacted CC about about my Liberty account
Just default settings

 

[Anil_SinghAnil_Singh is verified member.]

For now I have been charged Rs 7 for SMSs🙂

Mujhe 1.7 charges pade.

 

[ashwinkashwink is verified member.]

Nowadays I'm also not being charged for SMS Alerts from previous 3 Quarters.

 

[SSV]

Nowadays I'm also not being charged for SMS Alerts from previous 3 Quarters.

So tammudu, mana iddaram oka jattu..inka evaraki cheppaku..malla complaint chesi manaki charges veyistaru veellu 😉

 

[SSV]

So tammudu, mana iddaram oka jattu..inka evaraki cheppaku..malla complaint chesi manaki charges veyistaru veellu 😉

For non telugu audience:

 

[krishc]

Off-topic but asking in this thread since A*is related only!

In new CC application, do axis ask for fresh kyc even for existing customers (have both savings account + credit card ) ??
btw applied via cashkaro

 

[varun__goel_]

Off-topic but asking in this thread since A*is related only!

In new CC application, do axis ask for fresh kyc even for existing customers (have both savings account + credit card ) ??
btw applied via cashkaro

99% yes
Though recently few have got without fresh kyc

 

[SSV]

Off-topic but asking in this thread since A*is related only!

In new CC application, do axis ask for fresh kyc even for existing customers (have both savings account + credit card ) ??
btw applied via cashkaro

Put it the other way,
If it is from pre approved section of the Axis App - definite NO
From all other sources - most likely YES . Eg , Airtel Axis from Airtel App

 

[Deleted member 2540]

Off-topic but asking in this thread since A*is related only!

In new CC application, do axis ask for fresh kyc even for existing customers (have both savings account + credit card ) ??
btw applied via cashkaro

Last year, I too Applied via Cashkaro.

Fresh KYC was not done. Directly Approved.

But Axis being Axis, can do anything.

 

[Anil_SinghAnil_Singh is verified member.]

Off-topic but asking in this thread since A*is related only!

In new CC application, do axis ask for fresh kyc even for existing customers (have both savings account + credit card ) ??
btw applied via cashkaro

Cashkaro does't reward for existing customers. I saw that rule while applying, so didn't proceed with SBI Cashback application. What should I do as an existing Axis and SBI customer?

 

[krishc]

Cashkaro does't reward for existing customers. I saw that rule while applying, so didn't proceed with SBI Cashback application. What should I do as an existing Axis and SBI customer?

it varies from bank to bank, even card to card for some banks like A*is ! (for HDFC SBI though strict no-no for ETBs)
hence you've to check tnc of each card individually !
I saw that for this particular card ETB exclusion criteria wasn't there hence applied!

 

[SSV]

Cashkaro does't reward for existing customers. I saw that rule while applying, so didn't proceed with SBI Cashback application. What should I do as an existing Axis and SBI customer?

Thanks for enlightenment..didn't know this before.

 

[Anil_SinghAnil_Singh is verified member.]

it varies from bank to bank, even card to card for some banks like A*is ! (for HDFC SBI though strict no-no for ETBs)
hence you've to check tnc of each card individually !
I saw that for this particular card ETB exclusion criteria wasn't there hence applied!

Card variant ?