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.

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★ 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

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★ 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/-

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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 15th November, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 15th November, 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/

 

[Batmanbaba]

I think mc is also there right?

Yes... Bux axis... Usually guves visa only... Mdr is both for visa as well as mc

 

[Batmanbaba]

Above Rs. 2,000 MDR is
1.062%( including GST)

Any other websites excluding paytm merchant where u are getting weekend cashback

 

[ashwinkashwink is verified member.]

Indusind also has this kind of similar bank account called Indus Max Active but still axis one looks better?.

 

[Deleted member 2540]

Any other websites excluding paytm merchant where u are getting weekend cashback

I am getting Cashback for Paytm Merchant Txns.



So I have not tried any other website.



Why would I take risk when I am getting assured 5% cashback on Paytm Merchant Txns.


If somehow I can find MCC of Merchant at which I am performing the Txn I can take risk but Banks will disclose MCC Only upon exchanging many E-Mails

 

[Batmanbaba]

I am getting Cashback for Paytm Merchant Txns.



So I have not tried any other website.



Why would I take risk when I am getting assured 5% cashback on Paytm Merchant Txns.


If somehow I can find MCC of Merchant at which I am performing the Txn I can take risk but Banks will disclose MCC Only upon exchanging many E-Mails

Getting mcc is very hard.... That means.... U are getting 5% - MDR

 

[Batmanbaba]

Indusind also has this kind of similar bank account called Indus Max Active but still axis one looks better?.

Indusind is having some issue from months... Where despite merchant transactions they are still deducting mab charges... Only people maintaining balance are spared... Twitter is full of complaint.... They are accepting some issue is in their system but not rectifying it

 

[Deleted member 2540]

Getting mcc is very hard.... That means.... U are getting 5% - MDR

Yes. On Rs. 10,000, Rs 47 Deducted as MDR.

Keep your tone High when You DM Axis Twitter Handle otherwise they will try to avoid your query by asking Offer Proof/SMS/PDF or Txn Details and raise multiple request which can be avoided by raising a single request to concerned department with Correct Details.

When I Raised my query for the first time they raised my query with different department and after one week they said "We are raising another request, Your patience is Highly Appreciated"

 

[Deleted member 2540]

Indusind is having some issue from months... Where despite merchant transactions they are still deducting mab charges... Only people maintaining balance are spared... Twitter is full of complaint.... They are accepting some issue is in their system but not rectifying it

In Axis Plus Point is You can club 4 Liberty savings Account as a Family and Spend Rs.25,000 per Month in Primary Account of Family Group and Enjoy Zero Balance facility in all 4 Savings Account.

 

[MdMs]

if anyone get 750 voucher for liberty savings account quarterly 60k spend above. because axis site mention merchant payments( internet/mobile/Upi/debit). but customer executives told me that upi merchant payments are only consider by debit card spend only.

 

[bugmenot]

if anyone get 750 voucher for liberty savings account quarterly 60k spend above. because axis site mention merchant payments( internet/mobile/Upi/debit). but customer executives told me that upi merchant payments are only consider by debit card spend only.

You have to claim the voucher from here

Axis Bank : Home

www.gyftr.com

 

[Rahul92]

So , what spends are eligible ?

 

[ssrinivas]

In Axis Plus Point is You can club 4 Liberty savings Account as a Family and Spend Rs.25,000 per Month in Primary Account of Family Group and Enjoy Zero Balance facility in all 4 Savings Account.

Do we get quarterly 750 voucher on all linked accounts if we spend 60k on all linked accounts? Or only in primary account?

 

[bugmenot]

I dont know if you are looking for this answer but I read somewhere you can earn 2.5k quarterly on spending 25k quaterly from your priority debit card with 10% Cashback

Could you share the link of that offer for reference?

 

[Deleted member 2540]

Do we get quarterly 750 voucher on all linked accounts if we spend 60k on all linked accounts? Or only in primary account?

Personally I have not tried.

But in PDF available on Product page it is clearly mentioned that voucher is applicable for Primary Account holder only.

 

[Copycat]

I dont know if you are looking for this answer but I read somewhere you can earn 2.5k quarterly on spending 25k quaterly from your priority debit card with 10% Cashback

I think you are talking about this one: https://www.axisbank.com/docs/default-source/default-document-library/pdf-priority.pdf?sfvrsn=2
This offer was discontinued: https://campaign.axisbank.com/2020/...its_Discontinuation_Regulatory_Mailer_V1.html
"The 10% cashback offer on online spends of the Priority Debit Card shall be discontinued w.e.f 01/04/2020."

It would have been great if it was still around

 

[Copycat]

They don't give that 5% weekend.... Multiple people have confirmed here on this forum.... But yes they do give quaterly spend benefits...

U can also fulfill the criteria by transferring money to your own paytm/phone merchant account... Or by adding money in paytm wallet using liberty debit card... Or by adding money uaing axis netbanking /debit card in kotak 811/indusind bank

Did you get the 5% cashback with a Kotak 811 load?

 

[Batmanbaba]

Did you get the 5% cashback with a Kotak 811 load?

I don't have this account

 

[LJGIBBS]

Personally I have not tried.

But in PDF available on Product page it is clearly mentioned that voucher is applicable for Primary Account holder only.

Can you please clarify few point..
1. Do we get 750 vouchers for making credit card bill payment worth 60K in a quarter? If yes, then how ? Should we use
(i) Amazon (UPI/Net Banking)
(ii) Paytm CC Bill payment
(iii) Adding money to Paytm wallet and paying..?

2. That 500 monthly weekend cashback thing, Will I get that cashback for offline POS transactions in restaurants, shopping malls etc?

3. For that 25,000 monthly spend to waive off NMC, are all kinds of merchant transactions included , including CC bill payments ?

@Batmanbaba @VISHESH_BANSAL

 

[Deleted member 2540]

Can you please clarify few point..
1. Do we get 750 vouchers for making credit card bill payment worth 60K in a quarter? If yes, then how ? Should we use
(i) Amazon (UPI/Net Banking)
(ii) Paytm CC Bill payment
(iii) Adding money to Paytm wallet and paying..?

2. That 500 monthly weekend cashback thing, Will I get that cashback for offline POS transactions in restaurants, shopping malls etc?

3. For that 25,000 monthly spend to waive off NMC, are all kinds of merchant transactions included , including CC bill payments ?

@Batmanbaba @VISHESH_BANSAL

As Per TnCs You just have to Spend 25k/Month for NMC waiver and 60k/Quarter for 750 Voucher.
Exclusions are not mentioned anywhere so for NMC warier and 750 Voucher any kind of Spend is considered I.e, Spends done via debit card, UPI P2M and Netbanking on any app and wensite.

For 5% cashback, MCC of the Merchant is the main Factor. Further for getting 5% Cashback Eligible Categories are Shopping, Food, Entertainment and Travel. If you use your debit card offline at restaurant/malls thinking it will get counted under food/shopping, it may be possible that MCC forwarded by Restaurant/mall POS to Axis Bank is of completely different Category and ultimately you will not get 5% Cashback.

Personally I use 10k for shopping via debit card for 5% Cashback and rest 15k for credit card bill payment via mobikwik beacuse right now CC Bill payment via mobikwik comes under "Utility" MCC and Now Bajaj Also supports CC bill Payment , Righr now CC Bill Payment via Bajaj comes under "Business Services Not Elsewhere Classified" MCC.

So you can use either Mobikwik or Bajaj for CC Bill Payment. Rest is your choice

 

[thespy11]

As Per TnCs You just have to Spend 25k/Month for NMC waiver and 60k/Quarter for 750 Voucher.
Exclusions are not mentioned anywhere so for NMC warier and 750 Voucher any kind of Spend is considered I.e, Spends done via debit card, UPI P2M and Netbanking on any app and wensite.

For 5% cashback, MCC of the Merchant is the main Factor. Further for getting 5% Cashback Eligible Categories are Shopping, Food, Entertainment and Travel. If you use your debit card offline at restaurant/malls thinking it will get counted under food/shopping, it may be possible that MCC forwarded by Restaurant/mall POS to Axis Bank is of completely different Category and ultimately you will not get 5% Cashback.

Personally I use 10k for shopping via debit card for 5% Cashback and rest 15k for credit card bill payment via mobikwik beacuse right now CC Bill payment via mobikwik comes under "Utility" MCC and Now Bajaj Also supports CC bill Payment , Righr now CC Bill Payment via Bajaj comes under "Business Services Not Elsewhere Classified" MCC.

So you can use either Mobikwik or Bajaj for CC Bill Payment. Rest is your choice

so ,suppose if I add 25k in Paytm or airtel or any other app ,then will this make me eligible for 25k spend in month (don't want cashback)