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/

 

[Deleted member 2540]

Itna magajmari not possible. Shall close account tomorrow or day after. Already withdrawn few hundred that was lying in the account.

Khatam Tata bye bye

Atleast continue till March end.

If in April 750 not received, then will say FU to Axis😂

 

[HumorSimpson]

Mera ulta 100 kaat diya salo ne. Customer care bol raha tha ke vo charges 'out of banking hours' charges hai for depositing money through atm. Alag hi chutiya bank hai.

This is peaks. Banking hours for ATM ?

 

[telescope]

Atleast continue till March end.

If in April 750 not received, then will say FU to Axis😂

But spends karein kaha? Almost all important MCCs excluded. Utility, fuel, insurance, wallet, etc are most important

 

[RajeshV]

Anybody know if Cred payments are also excluded?

 

[Deleted member 2540]

But spends karein kaha? Almost all important MCCs excluded. Utility, fuel, insurance, wallet, etc are most important

See, still there is Hope.

They Mentioned DC Txns at specific MCCs are excluded.

But nothing is mentioned about UPI Spends at Excluded MCCs😂

It is intersting too see if System is filtering only DC txns or UPI txns too basis excluded MCCs.

That is why Continue till March end and do Spend using UPI Only.

UPI Spends Consider hoge toh April m 750 ka Lifafa mil jayega😂

 

[telescope]

I joined liberty party very late. Got only one ₹750 voucher. After deducting dc fees and SMS charges, three hundred something left as net.

 

[telescope]

See, still there is Hope.

They Mentioned DC Txns at specific MCCs are excluded.

But nothing is mentioned about UPI Spends at Excluded MCCs😂

It is intersting too see if System is filtering only DC txns or UPI txns too basis excluded MCCs.

That is why Continue till March end and do Spend using UPI Only.

UPI Spends Consider hoge toh April m 750 ka Lifafa mil jayega😂

Appreciate to your positivity. But I am pretty sure that UPI MCCs will also be considered.

 

[HumorSimpson]

Anybody know if Cred payments are also excluded?

I have Axis Priority Salary account DC. Till few months ago it rewarded.
Now DC payment fails in cred, cheq, paytm.

 

[varun__goel_]

I have Axis Priority Salary account DC. Till few months ago it rewarded.
Now DC payment fails in cred, cheq, paytm.

Axis has silently blocked the mcc they use. No one is able to make payments on that

 

[telescope]

Axis has silently blocked the mcc they use. No one is able to make payments on that

Chuxis deserves award of the most harami bank in India.

 

[ashwinkashwink is verified member.]

See, still there is Hope.

They Mentioned DC Txns at specific MCCs are excluded.

But nothing is mentioned about UPI Spends at Excluded MCCs😂

It is intersting too see if System is filtering only DC txns or UPI txns too basis excluded MCCs.

That is why Continue till March end and do Spend using UPI Only.

UPI Spends Consider hoge toh April m 750 ka Lifafa mil jayega😂

Doobte ko tinke ka Sahara 😭

 

[telescope]

There is one way out. Someone mentioned of using UPI at some known shops. This is applicable only for those who know someone who is merchant.

@VISHESH_BANSAL what is the MCC of sbi unipay?

 

[samm255]

I had spent 25k for CC payment on Mobikwik with debit card in December, but was charged NMC yesterday. Sent an email asking for reversal.

March end tak sab lapete jayenge.

 

[varun__goel_]

There is one way out. Someone mentioned of using UPI at some known shops. This is applicable only for those who know someone who is merchant.

@VISHESH_BANSAL what is the MCC of sbi unipay?

Sbi unipay is utility

 

[RajeshV]

March end tak sab lapete jayenge.

Online account closure possible? Right now there's no lien on my account, I had 117 and they took it all.

If not, home branch visit required or any branch is fine? I worry that they'll put a lien and refuse closure if I keep it for longer.

 

[ashwinkashwink is verified member.]

Online account closure possible? Right now there's no lien on my account, I had 117 and they took it all.

If not, home branch visit required or any branch is fine? I worry that they'll put a lien and refuse closure if I keep it for longer.

*Any branch is fine (depends on mood of it's employees 😂)

 

[RajeshV]

*Any branch is fine (depends on mood of it's employees 😂)

Also, I have ~3000 edge rewards... Will they need to be redeemed before closing or will they exist afterwards also? (I have their credit cards)

 

[telescope]

Also, I have ~3000 edge rewards... Will they need to be redeemed before closing or will they exist afterwards also? (I have their credit cards)

Won't exist afterwards. Redeem right now.

 

[ashwinkashwink is verified member.]

Also, I have ~3000 edge rewards... Will they need to be redeemed before closing or will they exist afterwards also? (I have their credit cards)

They will lapse

 

[Anil_SinghAnil_Singh is verified member.]

This is peaks. Banking hours for ATM ?

branch banking hours.. 🙃