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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:
@VISHESH_BANSAL vai 2nd point samjhe nehi..
merchant upi if i do..only sat sun merchant upi will be considered??
or this sat sun condition is only for liberty dc spends online in amazon flipkart??
View attachment 92373

5% cashback applies only on weekends and applies on spends on valid MCC's (list is already there on site, but most shopping MCC's are valid)

750 quarterly on 60k spending- can be spent at any time (not necessarily Sat-Sun)
 
Have anyone noticed anything?

Let's go in the past in December 2024 when Axis Bank sends SMS that they will deduct SMS charges of 15 per quarter from then.

Now come in Present and what you realise that Axis Bank has not done anything till now.
Very strange but good!
Axis forgot to deduct charges after sending SMS and after 2 years they will send notice to customers that you have to pay SMS charges like in the case reward points.( just joking😜)

Has anyone remembered that message!
 
Have anyone noticed anything?

Let's go in the past in December 2024 when Axis Bank sends SMS that they will deduct SMS charges of 15 per quarter from then.

Now come in Present and what you realise that Axis Bank has not done anything till now.
Very strange but good!
Axis forgot to deduct charges after sending SMS and after 2 years they will send notice to customers that you have to pay SMS charges like in the case reward points.( just joking😜)

Has anyone remembered that message!
Just wait brother, don't get excited. Axis deduct charges quarterly.
And they will deduct charges just before they start issuing quarterly milestone vouchers🤣🤣
 
Have anyone noticed anything?

Let's go in the past in December 2024 when Axis Bank sends SMS that they will deduct SMS charges of 15 per quarter from then.

Now come in Present and what you realise that Axis Bank has not done anything till now.
Very strange but good!
Axis forgot to deduct charges after sending SMS and after 2 years they will send notice to customers that you have to pay SMS charges like in the case reward points.( just joking😜)

Has anyone remembered that message!
Its Axis, if they can deduct reward points of refunded txns after 2-3 years. They can decut charges however and whenever they like.
 
Let's go in the past in December 2024 when Axis Bank sends SMS that they will deduct SMS charges of 15 per quarter from then.
Till date I have never received such messages .
I have seen ppl in the forum discuss charges and also @VISHESH_BANSAL clearly mentioned about sms charges.
Is 15 per quarter mandatory or do they collect per sms
 
Is 15 per quarter mandatory or do they collect per sms
See this:


25 ps. per SMS charge Max cap per customer Rs. 15/quarter (mandatory SMS) Mandatory SMS Alert such as ATM/POS Transaction, Security Alert, Transfer through Internet/Mobile App, etc.
 
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