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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:
Update by PNO:
We would like to inform you that we checked all the transactions made by you in the last quarter and observed that the transactions are excluded from Liberty spends calculation as the transaction is not categorized as a merchant payment i.e. (MCC code 6012 - Payment to financial institution).

For your reference:

17-10-2023 ECOM PUR/IndusInd Bank/Mumbai/171023/13:45 INR 1,000.00
19-10-2023 ECOM PUR/IndusInd Bank/Mumbai/191023/01:39 INR 20,000.00
19-10-2023 ECOM PUR/IndusInd Bank/Mumbai/191023/16:43 INR 24,000.00
01-12-2023 ECOM PUR/IndusInd Bank/Mumbai/011223/23:18 INR 19,000.00
02-12-2023 ECOM PUR/IndusInd Bank/Mumbai/021223/01:28 INR 6,000.00

@VISHESH_BANSAL @Tejo
Reply and ask if there is any other MCC which is excluded from Liberty Spends apart from 6012
 
Update by PNO:
We would like to inform you that we checked all the transactions made by you in the last quarter and observed that the transactions are excluded from Liberty spends calculation as the transaction is not categorized as a merchant payment i.e. (MCC code 6012 - Payment to financial institution).

For your reference:

17-10-2023 ECOM PUR/IndusInd Bank/Mumbai/171023/13:45 INR 1,000.00
19-10-2023 ECOM PUR/IndusInd Bank/Mumbai/191023/01:39 INR 20,000.00
19-10-2023 ECOM PUR/IndusInd Bank/Mumbai/191023/16:43 INR 24,000.00
01-12-2023 ECOM PUR/IndusInd Bank/Mumbai/011223/23:18 INR 19,000.00
02-12-2023 ECOM PUR/IndusInd Bank/Mumbai/021223/01:28 INR 6,000.00

@VISHESH_BANSAL @Tejo
can you followup with chuxis on the categories that are excluded, then we'll get proper picture. I'll close this account rightaway if they do not consider cc spends.
 
Update by PNO:
We would like to inform you that we checked all the transactions made by you in the last quarter and observed that the transactions are excluded from Liberty spends calculation as the transaction is not categorized as a merchant payment i.e. (MCC code 6012 - Payment to financial institution).

For your reference:

17-10-2023 ECOM PUR/IndusInd Bank/Mumbai/171023/13:45 INR 1,000.00
19-10-2023 ECOM PUR/IndusInd Bank/Mumbai/191023/01:39 INR 20,000.00
19-10-2023 ECOM PUR/IndusInd Bank/Mumbai/191023/16:43 INR 24,000.00
01-12-2023 ECOM PUR/IndusInd Bank/Mumbai/011223/23:18 INR 19,000.00
02-12-2023 ECOM PUR/IndusInd Bank/Mumbai/021223/01:28 INR 6,000.00

@VISHESH_BANSAL @Tejo
Don't hope on banks especially axis 🤣, the things are their business.

Just try to do something txns. Mine too indusind/paytm load but I too spend on other category like shopping, or gift card.

5% cb hai na on shopping, you can purchase apay gv from amazon itself and utilise for bill payments.
 
Don't hope on banks especially axis 🤣, the things are their business.

Just try to do something txns. Mine too indusind/paytm load but I too spend on other category like shopping, or gift card.

5% cb hai na on shopping, you can purchase apay gv from amazon itself and utilise for bill payments.
Can we utilize AGV for CC bill payments? Or insurance may be?
Also how to buy AGV to get 5%? Directly from Amazon?
 
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