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/

 

[bhaveshS]

@its_karan ko bhul gaye. Yeh hi toh thhe sabse phle close karne wale

CA ki yaad july m ayegi🤣 @its_karan

 

[Wealth is my birth right!]

Hi Libertians,
Is there any limit on upi usage post which it’s chargeable in liberty account?
Someone said its 20per month is it true or unlimited upi free?
TIA

 

[BhaiyaJi]

Someone said its 20per month is it true or unlimited upi free?

There is no such charge as of now.

 

[skvignesh]

Hey guys what is the current working method for credit card bill payment which I can claim voucher?
Note - i don't have Liberty debit card, only atm rupay debit card ..

Thanks

 

[Abhishek012]

Hi Libertians,
Is there any limit on upi usage post which it’s chargeable in liberty account?
Someone said its 20per month is it true or unlimited upi free?
TIA

UPI is 100% Free for customers.

 

[Aniket]

UPI is 100% Free for customers.

But he is also talking about restrictions, that apply on UPI txns, generally on all banks.

One can not do unlimited UPI txns in a day, P2P, even though it's free.

 

[Wealth is my birth right!]

But he is also talking about restrictions, that apply on UPI txns, generally on all banks.

One can not do unlimited UPI txns in a day, P2P, even though it's free.

Yes you’re right
Thats my query 👍

 

[Abhishek012]

But he is also talking about restrictions, that apply on UPI txns, generally on all banks.

One can not do unlimited UPI txns in a day, P2P, even though it's free.

Yes you’re right
Thats my query 👍

Ya but P2M UPI merchant transaction no restriction.

 

[Wealth is my birth right!]

Ya but P2M UPI merchant transaction no restriction.

Thanks bhai
Mostly my qr scans are p2m on weekends with small shops…

 

[imdjay]

Hi Libertians,
Is there any limit on upi usage post which it’s chargeable in liberty account?
Someone said its 20per month is it true or unlimited upi free?
TIA

Bro, if you want mental peace, I suggest not opening this account. You'd better go with some other variants, maybe Burgundy.

 

[Mr. BeanMr. Bean is verified member.]

Bro, if you want mental peace, I suggest not opening this account. You'd better go with some other variants, maybe Burgundy.

I'd still recommend liberty account for the following reasons, if applicable (assuming one can maintain 25k)...

1. To get family banking.
2. To get pre-approved CC quickly, even for those (family members) without CIBIL.
3. As salary account, if salaried and if the person can get the salary via Axis.

The problem starts when one thinks of other benefits (mentioned in OP) that have lots of ifs and buts.

 

[IndieCorner:)]

I'd still recommend liberty account for the following reasons, if applicable (assuming one can maintain 25k)...

1. To get family banking.
2. To get pre-approved CC quickly, even for those (family members) without CIBIL.
3. As salary account, if salaried and if the person can get the salary via Axis.

The problem starts when one thinks of other benefits (mentioned in OP) that have lots of ifs and buts.

if i am not sure my company has tieup with axis can i still open liberty digital salary ac online? and if i open ac online will i still get benefits like family banking ?

 

[Wealth is my birth right!]

I'd still recommend liberty account for the following reasons, if applicable (assuming one can maintain 25k)...

1. To get family banking.
2. To get pre-approved CC quickly, even for those (family members) without CIBIL.
3. As salary account, if salaried and if the person can get the salary via Axis.

The problem starts when one thinks of other benefits (mentioned in OP) that have lots of ifs and buts.

Oh got it
Sure i can maintain 25k
Already having family banking in burgundy and now planning to downgrade it and close magnus card
Having atlas card and select lrf

 

[Anupama_Jha]

Do offline transactions on eligible merchants using liberty Debit card eligible for cashback?

 

[Aniket]

Do offline transactions on eligible merchants using liberty Debit card eligible for cashback?

Yes but only on weekend.

 

[soccer]

Do offline transactions on eligible merchants using liberty Debit card eligible for cashback?

As Aniket mentioned, has to be on the weekend.

And has to be 1K+ per transaction.

Max cashback of 500 in a month (so 10K in spending), or 1K in your birthday month (so 20K spending then)

 

[MVC]

Where to spend any current working method to get monthly 5% cashback and quarterly voucher?

 

[SureShot]

Where to spend any current working method to get monthly 5% cashback and quarterly voucher?

million dollar question even at the end of 2024, still proper answer not found 🥲

Let us wait for others update.

 

[Manishg]

million dollar question even at the end of 2024, still proper answer not found 🥲

Let us wait for others update.

At phonepe gift card

 

[soccer]

At phonepe gift card

Does this work for payment to any merchant?

Or only those with PP merchant QR and who have wallet payments specifically enabled?