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/

 

[Pikachu.]

Closed the account. Moved to Burgundy.

That's so sad. My sympathies are with you.

 

[vasanth_ece]

I think zerodha trick is stopped as didn't received the 750 rs voucher last qtr

Did anyone received voucher for last qtr?.They have clearly mentioned it'll come on 20th, in some previous post. How you know they stopped sending voucher for zerodha transactions?

 

[Manishg]

If axis doesn't give voucher on zerodha spends then reach RBI ombudsman or consumer forum and claim compensation with voucher. Because UPI transactions has not any excluded mcc as per their t and c. So it should count otherwise RBI bamboo.

I know it will be hassle if they not give voucher and compain to RBI ombudsman but the matter is that any one can raise issue and let others know. So then they can try same. Remember if you are true then no matter what steps you have to take but we have to punish axis because it is doing awkward things only.


By the way I have open account in August month. And don't achieve 60000 spends target but done some transactions on liberty debit card on weekends waiting for cash back now. Can anyone tell average time taken by axis to process September month cash back?

 

[6ix9ine]

Can anyone tell average time taken by axis to process September month cash back?

Tomorrow morning, if you made the transactions correctly.

 

[NShah]

Tomorrow morning, if you made the transactions correctly.

Itna bhi accurate nahi hai axis 🤣🤣

 

[Manishg]

Tomorrow morning, if you made the transactions correctly.

Is axis process on 15th always. Is it fixed day? Very contrast thing like bank against Axis.

 

[6ix9ine]

Itna bhi accurate nahi hai axis 🤣🤣

haan haan samay de denge unko 🤣🤣

lekin mai toh pehle se hi account closure ki written application leke baitha hu, aaye toh theek warna mai toh jaunga hi

 

[6ix9ine]

Is axis process on 15th always. Is it fixed day? Very contrast thing like bank against Axis.

They mentioned it like that, so if they circumvent it by any XYZ reason, I am not responsible.

Remember, you're talking about Axis here.

This is not HDFC.

 

[Manishg]

They mentioned it like that, so if they circumvent it by any XYZ reason, I am not responsible.

Remember, you're talking about Axis here.

This is not HDFC.

Are you don't use your liberty debit card only upi. I am asking your experience if you used liberty debit card or anyone is requested to share.
I have doubt because some also said that they never got liberty debit card cash back.

 

[Manishg]

Are zerodha spends counted for amb waiver?

 

[6ix9ine]

Are you don't use your liberty debit card only upi.

I'm using debit card not upi.

I am asking your experience if you used liberty debit card or anyone is requested to share.

Yes, using debit card

I have doubt because some also said that they never got liberty debit card cash back.

Probably they used at places, where they were not supposed to get cashback.

Pretty simple, innit?

 

[Manishg]

I'm using debit card not upi.

Yes, using debit card

Probably they used at places, where they were not supposed to get cashback.

Pretty simple, innit?

Thanks for clarification
Let see when my weekend cash back arrives and your voucher arrives. By the way I want to know as you mentioned that you are using liberty debit card not UPI so you have goten weekend cash back in past. So please tell usually till which date axis credit cash back arrives as per your past experience. And the voucher of 750.

 

[BhaiyaJi]

@VISHESH_BANSAL bhai jab quarterly charges debit ho to batana. Generally voucher next of charges debit aate hai.

 

[Manishg]

@VISHESH_BANSAL bhai jab quarterly charges debit ho to batana. Generally voucher next of charges debit aate hai.

🤣 Sahi kaha

 

[varun__goel_]

lekin mai toh pehle se hi account closure ki written application leke baitha hu, aaye toh theek warna mai toh jaunga hi

Best decision of your life🤪🫣

 

[Manishg]

Clear victory against mobikwik
I have done failed transaction on 23 August 2024 and got refund on 7 october. After complaining to mobikwik and threatening them with RBI guidelines regarding rs 100 per day of compensation after t+5 days of period. Today mobikwik added 4300 in my wallet.


Can anyone calculate it and tell me is calculation is correct?

 

[Deleted member 2540]

Clear victory against mobikwik
I have done failed transaction on 23 April 2024View attachment 72128and got refund on 7 october. After complaining to mobikwik and threatening them with RBI guidelines regarding rs 100 per day of compensation after t+5 days of period. Today mobikwik added 4300 in my wallet.


Can anyone calculate it and tell me is calculation is correct?

ChatGPT ko Bol do na direct.

Jo bhi reply dega usko bologe yeh calculation toh aapne ChatGPT se karwayi hai🤣

 

[Deleted member 18439]

Clear victory against mobikwik
I have done failed transaction on 23 April 2024View attachment 72128and got refund on 7 october. After complaining to mobikwik and threatening them with RBI guidelines regarding rs 100 per day of compensation after t+5 days of period. Today mobikwik added 4300 in my wallet.


Can anyone calculate it and tell me is calculation is correct?

Ye toh dekh k hi samjh aa raha hai galat calculation hai
5 months and few more days × 30 days = 150+ days
₹100 per day × 150+ = more than ₹15000.


Baki itna regulation ka idea toh nahi hai apun ko.. dekh lo bhai
Konsa mere ko hissa dega ye

 

[Deleted member 2540]

Konsa mere ko hissa dega ye

Hissa chhod ulta bolega ChatGPT se Copy Paste kiya hai🤣

 

[Manishg]

Ye toh dekh k hi samjh aa raha hai galat calculation hai
5 months and few more days × 30 days = 150+ days
₹100 per day × 150+ = more than ₹15000.


Baki itna regulation ka idea toh nahi hai apun ko.. dekh lo bhai
Konsa mere ko hissa dega ye

Sorry 23 august