• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Axis Bank Liberty Savings Account Benefits

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

Deleted member 2540

TF Pioneer
1
Engaged Contributor
★ 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:
Apply For LTF IndusInd Bajaj Tiger Credit Card
talkwithfino said:
Here's two better optns for you and how they fare for your needs
Click to expand...
sayantandas said:
I will definitely look at HDFC/IDFC
Click to expand...
Idfc is also great! 0 fee on a lot of Banking Services and one the the best Online systems.

But they have a problem that 'some' people have run into on this forum, which is of 'Debit Freeze' . At the moment, I am unable to find the exact comment but even 'Wealth' account holders in Idfc have faced this problem. ( This sole issue is the only reason I don't recommend this Bank). Otherwise it is in same tier as Hdfc Savings Max (apart from the 1%CB that hdfc dc offers); with better Online Banking.

Here's a thread on that issue

TechnoFino

Thread 'IDFC First Bank Account Debit Freeze & Total Freeze Issue'

A few people on the TF Community have posted threads about their IDFC First Bank accounts being placed under debit freeze or total freeze for minor reasons. Many others have commented on these threads, sharing that they too have faced similar issues, and that their issues have not been resolved despite contacting the bank. Let me explain this issue in detail and bring it to light. IDFC First Bank has shown a commitment to listening to customers in the past, and I hope this time they will also work to resolve this issue for their customers.

IDFC First Bank is a modern, digital-focused bank...
  • Like
  • Thanks
  • Wow
 
talkwithfino said:
Idfc is also great! 0 fee on a lot of Banking Services and one the the best Online systems.

But they have a problem that 'some' people have run into on this forum, which is of 'Debit Freeze' . At the moment, I am unable to find the exact comment but even 'Wealth' account holders in Idfc have faced this problem. ( This sole issue is the only reason I don't recommend this Bank). Otherwise it is in same tier as Hdfc Savings Max (apart from the 1%CB that hdfc dc offers); with better Online Banking.

Here's a thread on that issue

TechnoFino

Thread 'IDFC First Bank Account Debit Freeze & Total Freeze Issue'

A few people on the TF Community have posted threads about their IDFC First Bank accounts being placed under debit freeze or total freeze for minor reasons. Many others have commented on these threads, sharing that they too have faced similar issues, and that their issues have not been resolved despite contacting the bank. Let me explain this issue in detail and bring it to light. IDFC First Bank has shown a commitment to listening to customers in the past, and I hope this time they will also work to resolve this issue for their customers.

IDFC First Bank is a modern, digital-focused bank...
  • Like
  • Thanks
  • Wow
Click to expand...
Thanks for the heads-up. Will keep this in mind.
I have a IDFC FIRST Bank branch in my city. Will visit the branch if I plan to open an account there.
 
Regarding Debit freeze...what I have found helpful is avoiding payment to unknown personal UPI IDs. I am not talking about merchant UPI that's never a problem. I am talking about those smart people who take out their phone and say 'bhaiya payment ispe dalo'. Unless it's your daily grocery shop avoid it. As soon as I see a non merchant QR in a shop I am out. UPI for all of it's shitty anti-consumer stuff can put you in a lot of unnecessary trouble. Imagine paying someone on personal QR and police is looking into the guy for some other stuff. I have family in law enforcement believe me shit can get real awefully quickly.

Also, I have a dedicated account (SBI) for transactions I don't trust. At worst there will be a freeze and I have good terms with SBI (family there) and lifting it is not a big deal. NSDL with vKYC is also good for untrusted TXNs
 
Last edited:
sayantandas said:
Thanks for the heads-up. Will keep this in mind.
I have a IDFC FIRST Bank branch in my city. Will visit the branch if I plan to open an account there.
Click to expand...
IDFC is really good. No BS account, get it opened and it won't bother you ever again.

For people who just want an account and are not looking for new accounts to experiment

HDFC, ICICI, IndusInd, IDFC shoud be your go to.

also if you have an unpleasant experience in the branch, don't waste your time switch to another branch. Branch experience is extremely localized.
 
krishc said:
I got this offer in July, fulfilled it but didn't get the voucher. At that time I was quite busy with work & all, couldn't bother to spend hours in call with Axes CC.
Click to expand...
same here, fullfiled this offer in Nov. Ax-is havent provided the coupon yet.
 
surojitlaha said:
Make cc payments using cred.You will receive milestone benefit voucher.
For weekend cashback, use your debit card and purchase amazon gift voucher from Amazon on saturdays and sundays.
Click to expand...
the question is where to spend amazon gift voucher money after redeeming? I done the trx for 10k but I can't even spend that for scan and pay directly. Only way I can use that money through amazon spends. If anyone knows other ways let me know.
 
qwert said:
the question is where to spend amazon gift voucher money after redeeming? I done the trx for 10k but I can't even spend that for scan and pay directly. Only way I can use that money through amazon spends. If anyone knows other ways let me know.
Click to expand...
Zomato ,Swiggy, amazon,uber,ola
 
Apply For LTF Axis Bank Credit Card
qwert said:
the question is where to spend amazon gift voucher money after redeeming? I done the trx for 10k but I can't even spend that for scan and pay directly. Only way I can use that money through amazon spends. If anyone knows other ways let me know.
Click to expand...
If you are thinking of rotation then it's not possible.

Spend karo, else account close karo.
 
Reader mode
You must log in or register to reply here.
Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.

Similar threads

adityad
Suggestion regarding Indusind Exclusive and Axis Liberty Account
Replies
2
Views
104
Odyssey
Odyssey
sahil1033
Kotak Mahindra Bank Everyday Savings Account - Dead?
Replies
20
Views
876
Abhishek012
A
bhavyakjain
Best Salary Account Benefits for 3L+ pm Range
Replies
26
Views
789
Kabir_1112
K
I
Facing issue with Axis Bank savings account.
Replies
28
Views
2K
mailmenow
M
NAB
Suggest a Bank Account for Parking Emergency Funds
Replies
20
Views
725
thegame
thegame
Back
Top