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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:
Guys I don't remember if I have redeemed my previous quarter 750 voucher or not. Anyway to confirm this?
There is no points balance in gyftr account when I logged in today.
How to confirm if I redeemed or not?
Katta ho gya kya? 😑😕😢🧐
 
Guys I don't remember if I have redeemed my previous quarter 750 voucher or not. Anyway to confirm this?
There is no points balance in gyftr account when I logged in today.
How to confirm if I redeemed or not?
Katta ho gya kya? 😑😕😢🧐
you will get an email like this from gyftr..


1705512110586.png
 
Have paytm merchant account which has option to get paid via DC...so i just do that every month 😅
Are you filing GST?.. Will transferring 10K to Paytm Merchant account every month will have any consequence of IT?
Haven't really thought about it😅
Shoul I??
Its just 10k every month...1.2L yearly
Not sure..I also had Paytm Merchant account but bit afraid in doing 10K per month? May be varun__goel_ or VISHESH_BANSAL bro through some light on this?.. Will paytm block merchant account or will it have any IT issues.

I am already filing tax returns greater than 10L
 
Are you filing GST?.. Will transferring 10K to Paytm Merchant account every month will have any consequence of IT?

Not sure..I also had Paytm Merchant account but bit afraid in doing 10K per month? May be varun__goel_ or VISHESH_BANSAL bro through some light on this?.. Will paytm block merchant account or will it have any IT issues.

I am already filing tax returns greater than 10L
If you're self employed and file income under business and profession head, then shouldn't be a problem at all.
 
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