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Axis Bank Liberty Savings Account Benefits

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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
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.

Screenshot_2024-02-02-21-29-44-415-edit_com.google.android.gm.jpg

★ Conditions:-

**Check the list of eligible MCCs for the Weekend 5% Cashback at the link below.** 👇

^Check the list of excluded spends/MCCs for the NMC waiver at the link below.^ 👇


Screenshot 2025-10-21 114516.webp


★ 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/
 
Last edited by 6ix9ine:
I’ve merchant account and can use the account as free by using 25k upi spend on my business qr since it is free for upi bank spends
Please use carefully because if name matches same business owner and ur name in verifying ur account will be frozen so be careful, I saw post regarding this like same issue happen khukde merchant ko paise bhejne ke karan freeze krdiya tha account
 
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Please use carefully because if name matches same business owner and ur name in verifying ur account will be frozen so be careful, I saw post regarding this like same issue happen khukde merchant ko paise bhejne ke karan freeze krdiya tha account
Dusre friend ke merchant qr pe karu toh chalega kya?
 
zerodha ka MCC kya hai?
As per the terms, will these MCCs applies only for Debit Card, correct?

I still don't find any UPI Specific exclusions except P2A.But surprise, how they deny this , if we make UPI transactions for Zerodha as they are P2M. I don't see any specific P2M exclusions for UPI for getting 750 Voucher?.

Any thoughts on this?. Is their T&C are out of date?
 
You can complain with axis bank first and ask the reason that I spend 60000 in a quarter then also not for and if they deny ask the reason. if received unsatisfactory response then complain to RBI ombudsman. By the way, can also got compensation.
Mention their name in message axshit and complain on Twitter.
 
I purchased phonepe gift card to pay my bills using axis dc but didn't got weekend cashback. Does purchasing amazon pay gc gives 5% cashback or not.
If you want to purchase phonepe gift card then purchase it from phonepe app. You will get weekend cash back.
 
It is not activated fast even online. I got this mail-
Your account application is currently being processed and you will receive a confirmation once it is activated.

Please note: As you have an existing relationship with us, account activation process may take up to 8 business days.

And existing relationship it is mentioning is actually a credit card which I closed 3-4 months back!!
 
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