• 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.
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 think now Phone pe come up with 2 MCC. One with PHONEPE GIFTCARDS earns cashback and other with PHONEPE doesn't earn cashback.But these 2 MCC is coming when buying Phonepe Giftcards.
 
I think now Phone pe come up with 2 MCC. One with PHONEPE GIFTCARDS earns cashback and other with PHONEPE doesn't earn cashback.But these 2 MCC is coming when buying Phonepe Giftcards.
Yes 90 percent phonepe gift cards is coming and 10 percent phonepe is coming don't do transaction on that phonepe merchant do only on phonepe gift cards mcc is 5947 eligible for cashback while phonepe shows business mcc not eligible for cashback.
 
I'm new to Liberty account...I didn't find this option 👇🏻
Menu》Service Request》Cards and Forex》Debit Card Cashback

Can some1 plz help me where to check 5% cashback for DC spends ?
 
I'm new to Liberty account...I didn't find this option 👇🏻
Menu》Service Request》Cards and Forex》Debit Card Cashback

Can some1 plz help me where to check 5% cashback for DC spends ?

Follow the steps to redeem the cashback through Mobile Banking / Axis Bank App:
• Login to Mobile Banking Application - open.
• Go to Services >> Cards & Forex >> Cashback on Debit card.
• Select the account number.
• Select the month to redeem the cashback.
• Enter the OTP sent to registered mobile number.
• Cashback will be credited to the account.
 
  • Like
Reactions: SSQ
Did anyone received non maintenance of MAB charges 600 even after spending 25000 on December month. Esclated to nodal officer has anyone experience on the same.
 
Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
Back
Top