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/

 

[Rohith-2009]

Check MCC, thats where the detail lies

Where can I check it shin Chan

 

[Shin-Chan]

Where can I check it shin Chan

Bank customer care, James !!

 

[varun__goel_]

Bank customer care, James !!

Axis can't tell mcc of upi txns🤣🤣🤣

 

[telescope]

ab aapko nahi milega to kiska milega @telescope sir !!

Aisa kyu bhai?

 

[telescope]

Kidhar spend kia?

Some utility bills and transfer to broker using UPI.

 

[Pikachu.]

So I wish to know if it's possible to downgrade my prestige account to a different one (with less AMB)...What are my options here?!

Amaze and Easy Access are for you.
You can go for Liberty too if you know how to waive off AMB charges.

 

[maddy]

Amaze and Easy Access are for you.
You can go for Liberty too if you know how to waive off AMB charges.

so its not about permanently parking the amount in the savings account be it 12K for Easy Access or 25K for Liberty?

 

[messypenguin]

so its not about permanently parking the amount in the savings account be it 12K for Easy Access or 25K for Liberty?

Parking 25k + sms charges + debit card charges + any other charges should do.

 

[Pikachu.]

so its not about permanently parking the amount in the savings account be it 12K for Easy Access or 25K for Liberty?

For Easy Access you have to maintain 12k, there's no any choice left. In Liberty, you have to either maintain or spend 25k from your account (UPI, Netbanking, Debit Card) every month to get NMC waiver.

 

[maddy]

For Easy Access you have to maintain 12k, there's no any choice left. In Liberty, you have to either maintain or spend 25k from your account (UPI, Netbanking, Debit Card) every month to get AMC waiver.

Thanks for the info. so if I pay credit card bill via Gpay(linked to axis account), would that count as spent expense?

 

[maddy]

For Easy Access you have to maintain 12k, there's no any choice left. In Liberty, you have to either maintain or spend 25k from your account (UPI, Netbanking, Debit Card) every month to get AMC waiver.

Also Axis website mentions here that for the Prestige Savings Account: `Total Relationship Value` of 3 lakh for savings account balance + fixed deposits, which is fine with me but when I spoke to Axis customer care in the morning, they said TRV or FDs do not count & 75K maintenance is mandatory. Any idea on this scenario?!

 

[opaque]

I have Rupay platinum DC. Is it possible to convert account to Liberty savings account with my current Rupay card and be eligible for 750 voucher based on spends on rupay card?

 

[Badshah]

Thanks for the info. so if I pay credit card bill via Gpay(linked to axis account), would that count as spent expense?

Y e s
Use Freecharge Parkplus Airtel thanks Jio finance app

 

[SureShot]

My citi account got moved to liberty savings account and when i checked for debit card cashback section, it is showing my account is not eligible for cashback, anyone who migrated from citi got same issue?

FYI, i am yet to do any eligible transaction with the citi debit card post migration.

 

[sleepysurya]

View attachment 62995
Just Received MY Voucher Today.💸🎉

Everything is working just like before, No exclusions guys..😜

I haven't received. I spend 120k on mutual fund - upi/p2m. 20k on pos/ecom. I used to receive for similar spends till previous quarter. I will probably downgrade because now i don't have much use of liberty debit card also.

 

[SureShot]

My citi account got moved to liberty savings account and when i checked for debit card cashback section, it is showing my account is not eligible for cashback, anyone who migrated from citi got same issue?

FYI, i am yet to do any eligible transaction with the citi debit card post migration.

View attachment 63140

Looks like citi migrated customers are not eligible for cashback, atleast that’s what i heard from chat support.

If it’s not for us, then there is no use of holding with this account.

 

[akilmds]

Looks like citi migrated customers are not eligible for cashback, atleast that’s what i heard from chat support.

If it’s not for us, then there is no use of holding with this account.

No. CB is applicable for CITI migrated customers. I have received this email.

 

[Shin-Chan]

I have Rupay platinum DC. Is it possible to convert account to Liberty savings account with my current Rupay card and be eligible for 750 voucher based on spends on rupay card?

Y e s

 

[SureShot]

No. CB is applicable for CITI migrated customers. I have received this email.

i also got the mail during migration but did you get the same error which i got? Please check debit card cashback from services and support -> Cards & forex from open app.

 

[@NIK]

For Quarterly voucher of Rs 750, Where I spends which counted for quarterly voucher