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.

---

★ 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

---

---

★ 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/

 

[Manishg]

Can you please where are you spending to achive this debit card caahback?

I can't reach full 500 around 250 I received because I done genuine spends on phonepe gift card purchasing phonepe gift cards and on flipkart under super coins tab purchase flipkart gift card of 249 with 247 and 2 super coins and on both merchants I get flat 5 percent cashback

 

[SureShot]

Hi Citi migrated folks,
Did you figure out what to do with this account? Are you maintaining 25K as MAB or been deducted any charges for not maintaining?
I am still trying to figure out it's purpose as I have changed my salary account to HDFC.

 

[cybergvm]

Planning to open Liberty Account in Axis Bank.

1. Does paying CC bills using UPI through Mobikwik / Cred / BHIM / Amazon Pay / Etc. apps count for quarterly spends of Rs.60000 to get Rs.750 GV?
2. Does paying CC bills using Mobikwik with Debit card count towards 5% cashback?

 

[tharun]

Planning to open Liberty Account in Axis Bank.

1. Does paying CC bills using UPI through Mobikwik / Cred / BHIM / Amazon Pay / Etc. apps count for quarterly spends of Rs.60000 to get Rs.750 GV?
2. Does paying CC bills using Mobikwik with Debit card count towards 5% cashback?

1.cc bill payment made from credit through axis UPI was eligible for 750 gv
2. No(if you find any tricks let us know)

 

[cybergvm]

1.cc bill payment made from credit through axis UPI was eligible for 750 gv
2. No(if you find any tricks let us know)

Thanks for your reply.

You mean UPI payment through Axis Mobile banking app or using Axis UPI id through any app?

If I opt for virtual debit card only (to avoid AMC for physical DC), will I still get 5% cash back on weekend spends on specified merchants?

 

[tharun]

You mean UPI payment through Axis Mobile banking app or using Axis UPI id through any app?

Bill payment via cred directly routed to axis mobilebanking app

If I opt for virtual debit card only (to avoid AMC for physical DC), will I still get 5% cash back on weekend spends on specified merchants?

I thought of same plan but I was told it would not happen like that

 

[stranger44]

Bill payment via cred directly routed to axis mobilebanking app

I thought of same plan but I was told it would not happen like that

will it be considered an expense? need to spend 25000 so does this count as spend or I need to pay through merchant QR code.

 

[SureShot]

If I opt for virtual debit card only (to avoid AMC for physical DC), will I still get 5% cash back on weekend spends on specified merchants?

if you think you are bad, Axis is your dad 😎

 

[skvignesh]

Current working method for 750 voucher cc bill payment is use cred app and pay via axis upi ??

 

[Manishg]

Current working method for 750 voucher cc bill payment is use cred app and pay via axis upi ??

This question is asked number of times and you should first check previous messages also before asking. I am seeing everyone asks same question after two three days. So I request you to check previous responses also.

 

[tharun]

This question is asked number of times and you should first check previous messages also before asking. I am seeing everyone asks same question after two three days. So I request you to check previous responses also.

Yes

Current working method for 750 voucher cc bill payment is use cred app and pay via axis upi ??

I thought it was a statement not a question 🧐 🤣🤣

 

[cybergvm]

One more clarification required.

Under T & C for the fees and charges for the LIberty Savings Accounts it shows as follows:
"15 transactions free per month post which charge of Rs.75/transaction would be levied. This is over and above the existing fee structure. Transactions include Cash transactions at branch, Outward clearing, Fund transfer, RTGS/NEFT & remittances."

They are saying "Transactions include ...".

Their wording of the sentence can be interpreted in any way.

What exactly does it mean? Only fund transfer type of transactions or it includes debit card payments, UPI payments, etc, also.

 

[soccer]

One more clarification required.

Under T & C for the fees and charges for the LIberty Savings Accounts it shows as follows:
"15 transactions free per month post which charge of Rs.75/transaction would be levied. This is over and above the existing fee structure. Transactions include Cash transactions at branch, Outward clearing, Fund transfer, RTGS/NEFT & remittances."

They are saying "Transactions include ...".

Their wording of the sentence can be interpreted in any way.

What exactly does it mean? Only fund transfer type of transactions or it includes debit card payments, UPI payments, etc, also.

I think this is part of their "Fair usage fees on branch transactions", so only for transactions initiated physically at the branch....

 

[cybergvm]

I think this is part of their "Fair usage fees on branch transactions", so only for transactions initiated physically at the branch....

Thanks for your clarification.

 

[NAVEENr]

Yeah I have escalated to nodal officer.

An update got refund of the charges

 

[tharun]

*Find Eligible MCCs for Weekend 5% Cashback at Below Link* 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-cashback-tnc.pdf

Does Paying with liberty DC for train tickets from irctc considered ?

 

[6ix9ine]

Does Paying with liberty DC for train tickets from irctc considered ?

Chances are very less, most likely IRCTC might be using government MCC and that is generally excluded from majority of the DCs/CCs.

//Edit: Refer this post - https://www.technofino.in/community...rty-savings-account-benefits.1504/post-992731

 

[tharun]

Chances are very less, most likely IRCTC might be using government MCC and that is generally excluded from majority of the DCs/CCs.

How about booking via redbus or amazon with liberty dc

 

[6ix9ine]

Does Paying with liberty DC for train tickets from irctc considered ?

They don't give amazon pay as a option?

 

[6ix9ine]

How about booking via redbus or amazon with liberty dc

Buy a GV using DC then book from amazon. Simple 5%.

Also if IRCTC is still using 4112 mcc then you will get 5% cashback, but I'm not sure if IRCTC still using that MCC or not.