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 15th November, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 15th November, 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/

 

[telescope]

Check now . . .

just checked, yes my zone is LTF. will it be rupay? nothing is written in that list.
now tell me if I should take it. not much benefit it seems. will it get reported to cibil as separate cc?

 

[SSV]

just checked, yes my zone is LTF. will it be rupay? nothing is written in that list.
now tell me if I should take it. not much benefit it seems. will it get reported to cibil as separate cc?

Yes it will be reported as a separate cc

 

[0xfallup]

just checked, yes my zone is LTF. will it be rupay? nothing is written in that list.
now tell me if I should take it. not much benefit it seems. will it get reported to cibil as separate cc?

as per my deductions it will be mastercard mostly , myzone rupay should be mentioned explicitly for it to be of rupay franchise

 

[Badshah]

just checked, yes my zone is LTF. will it be rupay? nothing is written in that list.
now tell me if I should take it. not much benefit it seems. will it get reported to cibil as separate cc?

Y e s
If you want LTF Axis Bank CC then go for it
Y e s

 

[telescope]

as per my deductions it will be mastercard mostly , myzone rupay should be mentioned explicitly for it to be of rupay franchise

Yes it will be reported as a separate cc

Y e s
If you want LTF Axis Bank CC then go for it
Y e s

Thanks. already have neo visa LTF. No rupay myzone in the list, so giving it a pass. because I already have too much plastics at my disposal, most of them I don't even use (kept for collection sake). My inner mind calls me a plastic collecting maniac. I would have taken it if it was in rupay.

@Abhishek012 tell NPCI to mandate all merchants to accept rupay UPI payments. There should be a mandate that merchants cannot disable rupay UPI below 2k.

 

[SSV]

@Abhishek012 tell NPCI to mandate all merchants to accept rupay UPI payments. There should be a mandate that merchants cannot disable rupay UPI below 2k

When it happens, it happens.. until then status quo

 

[varun__goel_]

Any way to enable online txn on axis cc before delivery?

 

[0xfallup]

Any way to enable online txn on axis cc before delivery?

no ... same waiting for card to be delivered 🙂

 

[imdjay]

Just received an SMS regarding the revised fees/charges effective 01-04-24.

Fees and Charges

 

[SSV]

Just received an SMS regarding the revised fees/charges effective 01-04-24.

Fees and Charges

New FY .. New FUN..

 

[Harsha896]

New FY .. New FUN..

I don't see any new changes for Liberty account though, the same 25k spend or maintainence condition. Anything else new I am missing?

 

[Juganta]

I am getting charged 600+ GST even after merchant spend of 25k in Dec23.

Got this reply, they did not reverse Non maintenance charges, saying 25k spend for MAB charges waiver is applicable for Birthday month only.

 

[varun__goel_]

Got this reply, they did not reverse Non maintenance charges, saying 25k spend for MAB charges waiver is applicable for Birthday month only.

There's written 'with revised MID'

Ask them if there are any changes then you have to inform customers. You cannot change it just like that and not inform customers about the same.

Better contact your BM, only he will reverse it.

 

[telescope]

Got this reply, they did not reverse Non maintenance charges, saying 25k spend for MAB charges waiver is applicable for Birthday month only.

Ye kab hua? Matlab now 25k MAB is must for 11 months of the year and cannot be substituted by spending?

Axis never informed us anything as such.

 

[SSV]

Got this reply, they did not reverse Non maintenance charges, saying 25k spend for MAB charges waiver is applicable for Birthday month only.

Try another time you will get another answer…
You have just experienced Dilse Open moment !!
The Worst big Bank in India ( or may be in the World)

 

[telescope]

There's written 'with revised MID'

Ask them if there are any changes then you have to inform customers. You cannot change it just like that and not inform customers about the same.

Better contact your BM, only he will reverse it.

They will give standard reply that "we have informed bla bla"

 

[SSV]

Axis never informed us anything as such

Kaching !! That’s AXIS.. they just think in their mind and assume that everyone else knows it

 

[varun__goel_]

They will give standard reply that "we have informed bla bla"

Main to krwa rhu band jse hi charges reverse hote hai.

 

[telescope]

Try another time you will get another answer…
You just experienced Dilse Open moment !!
The Worst big Bank in India ( or may be in the World)

Can't agree more. My current liberty account is probably my 4th or 5th account with axis. Earlier opened and closed few times. Reason the infamous consolidated charges. There wasn't any other branch in my area like a decade ago, so banked with axis. After icici, hdfc came up I kind of promised myself never to deal with axis.

Then last November got liberty, primary target = ₹750. Now I am done with it.

 

[telescope]

Main to krwa rhu band jse hi charges reverse hote hai.

Tomorrow first task in morning is to go and close this piece of shit. What are the docs required? And do I have to go to home branch? It's kind of far away.