Axis Bank Liberty Savings Account Benefits

[VISHESH_BANSAL]

Axis Liberty Savings Account is the Best Savings for those who can

Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card
and
Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card.

If we Fulfill Above Spending Criteria We get following Benifits in return with Maximized Savings:-

■
A Zero Balance Account.

Condition:-
Merchant Spends** of 25k/Month is required to get NMC Waiver for that Particular Month.

■
A Voucher of 750 INR per Quarter.

Condition:-
Merchant Spends** of 60k/Quarter is Required.

Redemption Link:- https://www.gyftr.com/rewards/axisbankspendscampaign/

■
5% upto 500 INR Cashback Per Month.

For Birthday Month Cashback Amount is 5% upto 1,000 INR.



Condition:-
● Spends* Done at Selected Merchant Categories mentioned above will only be Considered.
●Txns Done on Saturday and Sunday will only be Considered.


Redemption can be done Only Via Internet Banking 👇

Menu-Services-Other-Debit Card Cashback

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

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

■
One Domestic Lounge Access Per Quarter.

■
** Find Excluded Spends/MCCs for NMC waiver and 750 GV at Below Link** 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-savings-account-lifestyle-benefits-terms-and-conditions.pdf

Note:- Now, You can Open Liberty Account Digitally and You will get a Virtual Debit Card as well along with the Physical Liberty Debit Card.

But Beware, the Virtual Debit Card issued with Digital Axis Liberty Account is not an E-debit Card which is issued by Axis Bank with other Digital Account Variants.

OVERALL Benifits
1000*01
500*11
750*04

Total- 9,500 INR.

Consolidated Charges:-

1. Sms Charges:- 17.7*4
Total 71 INR (including GST)

2. Liberty Debit Card Annual Fee:-
354 INR (including GST)

Net Annual Savings:-9,075 INR

 

[Juganta]

Try another time you will get another answer…
You have just experienced Dilse Open moment !!
The Worst big Bank in India ( or may be in the World)

RBI Bamboo can only save me now...i will fight

 

[varun__goel_]

Tomorrow first task in morning is to go and close this piece of shit. What are the docs required? And do I have to go to home branch? It's kind of far away.

Just carry your DC, cheque book and any ID proof.

You can visit any branch

Withdraw all the funds before visiting branch.

 

[VISHESH_BANSAL]

Got this reply, they did not reverse Non maintenance charges, saying 25k spend for MAB charges waiver is applicable for Birthday month only.

They Mixed Up the Information.

You did 25k Spends in Nov'23 ?

 

[varun__goel_]

RBI Bamboo can only save me now...i will fight

Good, hope you win and close their dil🙂

 

[telescope]

One idea came to mind. Let me take the LTF myzone pre approved I am getting. If there is no spending condition, that'll be my first card to use for lounge access (although I don't have derth of cards for lounge access).

Revenge method thoda casual hai.

 

[Juganta]

They Mixed Up the Information.

You did 25k Spends in Nov'23 ?

I did it every month

 

[SSV]

I don't see any new changes for Liberty account though, the same 25k spend or maintainence condition. Anything else new I am missing?

You are right, but this is axis something will come straight from left side…
Apparently nothing changed for a naked eye..
But our eyes never meet AXIS eyes…
AXIS can pull off something from the hat

 

[VISHESH_BANSAL]

Liberty Ka Core Product Feature hai 25k Spends or 25k MAB.

Core feature is Sams as earlier.

Nothing is specified on Website Too as of now

If Spends Based NMC Criteria is only for Birthday Month, then we all got charged for Previous Months😂


But as Per Current SOC, For Birthday Month Account Maintaince is not required at all.
For Birthday Month Neither 25k MAB is required nor 25k Spends is Required.

 

[telescope]

Just carry your DC, cheque book and any ID proof.

You can visit any branch

Withdraw all the funds before visiting branch.

Funds withdrawn 2-3 days ago when I learnt from this thread about MCC exclusion list. Not even a rupee, only few paise left. Wo bhi withdraw karlun?

 

[VISHESH_BANSAL]

I did it every month

For Dec'23 they excluded certain MCCs

You must have done at those excluded MCCs

And for Nov'23 you must have used netbanking for spending

 

[varun__goel_]

Funds withdrawn 2-3 days ago when I learnt from this thread about MCC exclusion list. Not even a rupee, only few paise left. Wo bhi withdraw karlun?

Kyu dena 1 paisa bhi

krlo😂

 

[SSV]

Can't agree more. My current liberty account is probably my 4th or 5th account with axis. Earlier opened and closed few times. Reason the infamous consolidated charges. There wasn't any other branch in my area like a decade ago, so banked with axis. After icici, hdfc came up I kind of promised myself never to deal with axis.

Then last November got liberty, primary target = ₹750. Now I am done with it.

And some people want to maintain true burgundy for a 30k + M4B cards…
No matter how much they can provide in return, I would never go with some bank like axis which basically lacks TRUST in anyway you look at it

 

[SSV]

For Dec'23 they excluded certain MCCs

You must have done at those excluded MCCs

And for Nov'23 you must have used netbanking for spending

Is this a big project to follow and keep up to date about what the F**k happens with their T&Cs to get their piddly GVs..
They just want these charges collected from the masses by ever changing rules ..
Actually majority of normal banking customers won’t go thru all these statements religiously like us here , hence want to mint the money from the masses by changing and chopping rules quite frequently

 

[Juganta]

For Dec'23 they excluded certain MCCs

You must have done at those excluded MCCs

And for Nov'23 you must have used netbanking for spending

But they are saying spend based NMC only applicable for Birthday month only. (They did not mention MCC were eligible or not)

 

[telescope]

But they are saying spend based NMC only applicable for Birthday month only. (They did not mention MCC were eligible or not)

Axis is like magicians. They never tell their secret science behind magic of charging consolidated charges.

 

[SSV]

But they are saying spend based NMC only applicable for Birthday month only. (They did not mention MCC were eligible or not)

A very valid point and as I said before,if you ask someone else they will come up with another fu*ckin rule..
What a disgrace…
Axis has about a thousand rule books with 10000 interpretations for the same issue..
Look at their M4B booklet with all different scenarios !!!

 

[telescope]

A very valid point and as I said if you ask someone else they will come up with another fu*ckin rule..
What a disgrace

No wonder why they themselves kept the upi handle as @fkaxis

 

[telescope]

One idea came to mind. Let me take the LTF myzone pre approved I am getting. If there is no spending condition, that'll be my first card to use for lounge access (although I don't have derth of cards for lounge access).

Revenge method thoda casual hai.

Sirf reaction mat karo, jaldi batao spending condition hai ki nahi with myzone?

 

[VISHESH_BANSAL]

Is this a big project to follow and keep up to date about what the F**k happens with their T&Cs to get their piddly GVs..

They clearly Mentioned 25k Spends.

Paying CC Bills is never a spend.

We already did Actual spends while doing txn with Credit Cards.

Now when it is time to repay , It is not Valid Spend at all.

Few People Including me Doing Account Funding txns to get 750 GV and Account Funding Txns also is not a Valid Spend at all.

But still Axis sent 750 GV for such Txns every Quarter since Liberty Account was launched even Axis Know Such txns are not spends at all but sent GVs
 

Now Users Base is increasesd to that Level they Have to exclude all such MCCs and Why are we surprised for such Exclusion ??

 
I am not taking Axis side but This is all what I have to say.

 

[SSV]

They clearly Mentioned 25k Spends

Have they defined spends anywhere from the beginning??

I have no problem with implementing rules…
There should be some consistency and transparency in implementing these rules..
They just can’t continuously change the rules depending upon the situation