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.

---

★ 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

---

---

★ 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/

 

[ashwinkashwink is verified member.]

I made only mobikwik cc bill payments in january as well as in february. Shall I close the account right away? please suggest.

Wait & see the magic 🎩

 

[ashwinkashwink is verified member.]

For jan it will be charged next month i.e. march

If you're not willing to continue with this acc and is 1yr old. Go and close it asap😂

Without an year you can also close Without any charges just transfer your funds into alternative account and close through Branch they will not ask you anything 😉

 

[sm9811911]

First time they will reverse. Maintain now or close the account.
If you have 500,they will deduct 500.not necessary that they will deduct full amount.

 

[telescope]

For jan it will be charged next month i.e. march

If you're not willing to continue with this acc and is 1yr old. Go and close it asap😂

not even 5 months old account.

someone please find the MCC exclusion list.

 

[varun__goel_]

Without an year you can also close Without any charges just transfer your funds into alternative account and close through Branch they will not ask you anything 😉

Sachiii😂
Phir reverse krane ke 5 din baad close hai😂

 

[samm255]

First time they will reverse. Maintain now or close the account.
If you have 500,they will deduct 500.not necessary that they will deduct full amount.

This is true. They won't wait for full amount to deduct. Sabse pahle jo account me hain woh khaali karke kangaal karenge fir baaki ka baad me dekhenge.

 

[samm255]

any updates ?

Not yet, PNO will take 7-10 working days.

 

[Cebu]

What about transactions done on Paytm? Ye bhi excluded h kya list m se like mobikwik ? @VISHESH_BANSAL
Ab is A/c ko use kidhar krna chahiye ? Maine toh family m 3 accounts khul vaa diye 🙁

 

[sm9811911]

not even 5 months old account.

someone please find the MCC exclusion list.

Cheq and all will be excluded. Freecharge upi will not be. Trick courtesy @Tejo

 

[Deleted member 2540]

What about transactions done on Paytm? Ye bhi excluded h kya list m se like mobikwik ? @VISHESH_BANSAL
Ab is A/c ko use kidhar krna chahiye ? Maine toh family m 3 accounts khul vaa diye 🙁

Wait for Update.

@samm255 already laising Up with PNO

Till then Maintain 25k in Primary Account

 

[Tejo]

Cheq and all will be excluded. Freecharge upi will not be. Trick courtesy @Tejo

They have only said financial institution loads will not be considered as bank cannot be considered as merchant.

But wallet Transactions can be considered as merchant txns.

There is much difference between financial institution and other reloads.

 

[samm255]

What about transactions done on Paytm? Ye bhi excluded h kya list m se like mobikwik ?

MCC 6012 is excluded so whoever tagged this MCC will not be considered in Liberty spends and NMC charges will be applied. Now find out MCC for transactions you have done.

 

[Tejo]

What about transactions done on Paytm? Ye bhi excluded h kya list m se like mobikwik ? @VISHESH_BANSAL
Ab is A/c ko use kidhar krna chahiye ? Maine toh family m 3 accounts khul vaa diye 🙁

Probably, no ...

 

[prash1161]

not even 5 months old account.

someone please find the MCC exclusion list.

Only @VISHESH_BANSAL has data

 

[prash1161]

Bhaiyo 650*4 per year ke liye kya itni magaj mari worth hai?

 

[Badshah]

Cheq and all will be excluded. Freecharge upi will not be. Trick courtesy @Tejo

Use Amazon for cc bill payments using upi

 

[sm9811911]

They have only said financial institution loads will not be considered as bank cannot be considered as merchant.

But wallet Transactions can be considered as merchant txns.

There is much difference between financial institution and other reloads.

Yeah let's see.

 

[sm9811911]

Use Amazon for cc bill payments using upi

Whats the mcc there. I tried, merchant name was something along the lines of amazon credit card bill payment

 

[Badshah]

Whats the mcc there. I tried, merchant name was something along the lines of amazon credit card bill payment

Showing utility in jupiter app

 

[sm9811911]

Tried loading there?

Showing utility in jupiter app