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/

 

[Deleted member 2540]

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)

It will get counted. But I would recommend avoid wallet loads , Axis can deny benefits anytime on the ground of wallet txns though it is not mentioned anywhere but as per my expirence Axis is most shameless Bank of India and Can Twist TnCs to any extent

 

[thespy11]

It will get counted. But I would recommend avoid wallet loads , Axis can deny benefits anytime on the ground of wallet txns though it is not mentioned anywhere but as per my expirence Axis is most shameless Bank of India and Can Twist TnCs to any extent

thanks 👍

 

[Deleted member 2540]

thanks 👍

Use Amazon and Pay via Axis Netbanking.

Mobikwik is hit and miss, Mobikwik change MCC frequently sometimes MCC belongs to Utility and Sometimes MCC belongs to Wallet Load. I do test txn using HDFC Miillennia PREPAID Card of Rs. 1 whenever possible because HDFC Millennia PREPAID Card shows MCC of the Merchant in txn details and then I decide best debit or credit card for that MCC.

 

[LJGIBBS]

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

Thank You So much.... I had been previously using Indusind to Pay HDFC CC bills... Gave me 0.5 to 0.9% Cashback.. This looks better with above 1% reward rate for 60K bills in a quarter.

 

[Amit_]

I have to pay 70,000/- Rs. Credit Card Bill on 1st Dec. when salary is credited. Suppose i open axis liberty saving account & pay all my credit card dues around 70,000 with liberty debit card, will i get 750 Rs Rewards on paying dues?

 

[Batmanbaba]

I have to pay 70,000/- Rs. Credit Card Bill on 1st Dec. when salary is credited. Suppose i open axis liberty saving account & pay all my credit card dues around 70,000 with liberty debit card, will i get 750 Rs Rewards on paying dues?

That rewards is for 60000 spends per quater... If u can do it alone in dec... Good for u... Oct-dec 2022 will be counted as quater

 

[Chirag19]

I opened this account today. They gave me instakit which also contain debit card. And my liberty card also come within 1week. So do they charge both debit card Issuance fee??














.

 

[FinoGuy]

I opened this account today. They gave me instakit which also contain debit card. And my liberty card also come within 1week. So do they charge both debit card Issuance fee??














.

Yes, unfortunately.! Don't activate card /confirm from cc/branch beforehand. Axis is a big headache. Many ppl had worst experience in such issues

 

[Batmanbaba]

I opened this account today. They gave me instakit which also contain debit card. And my liberty card also come within 1week. So do they charge both debit card Issuance fee??














.

If they charge fir bith.. Then complain to pno... They will revert for instakit one... Liberty one will be charged

 

[LJGIBBS]

If they charge fir bith.. Then complain to pno... They will revert for instakit one... Liberty one will be charged

What if we dont activate the liberty card. I opened the account today. Made 25000+250 deposit.. (250 for debit card). But entire money was credited in my account.. I activated UPI using e-debit. So if I dont activate the physical liberty card, will the charge be deducated ? As my main purpose is to pay CC bills via Amazon UPI/Net banking (to get 750 voucher)

 

[Batmanbaba]

What if we dont activate the liberty card. I opened the account today. Made 25000+250 deposit.. (250 for debit card). But entire money was credited in my account.. I activated UPI using e-debit. So if I dont activate the physical liberty card, will the charge be deducated ? As my main purpose is to pay CC bills via Amazon UPI/Net banking (to get 750 voucher)

Block the card straightaway then.... If they charge then complain with reason cardblocked even before activation... They will surely reverse it....

 

[Deleted member 2540]

I opened this account today. They gave me instakit which also contain debit card. And my liberty card also come within 1week. So do they charge both debit card Issuance fee??














.

Why you Accepted Instakit of any other account variant?


In my case I got Instakit of liberty Account which contains Liberty Debit Card .
Now charges for Both Card will be deducted.

Generally branch will reverse the charges as this is the Branch fault and you can even raise complaint against Branch for not providing Instakit of Liberty Account

I would recommend if charges for both Cards are deducted then first raise complaint against Branch for not providing Instakit of Liberty Account.
Then Branch will call you and reverse the extra charges without any further delay otherwise they can delay reversal process if you directly ask them

Senior Management took Complaint against Branch very seriously and Branch has to response Senior Management word to word why need arises for a Customer to raise complaint against Branch

I had raised several complaints against my home Branch whenever they think they are oversmart and Customer is a fool. Then only Branch will behave properly beacuse Complaint against Branch is not less than 440 volt shock for Branch Employess. Whenever I raised complaint, reaction of employee "Sir aapne fir complaint kardi, koi bhi issue ho direct Branch Aya karo"

My Response "Branch aaya thha tabhi toh Complaint Ka mauka mila btao dubara visit karu ?"

 

[EasyMoney]

I already have an account with Axis for the past 7 years. Can I migrate to Liberty directly or Branch visit is compulsory for the account migration? @Batmanbaba @VISHESH_BANSAL @Chirag19

 

[Batmanbaba]

I already have an account with Axis for the past 7 years. Can I migrate to Liberty directly or Branch visit is compulsory for the account migration? @Batmanbaba @VISHESH_BANSAL @Chirag19

You have to visit branch...... Online you have to park more than 25000 for 2-3 month.. Then offer might come for upgrade but that too no guarantee

 

[Chirag19]

@VISHESH_BANSAL they said, eariler their is different variant instakit available but now they only have one kit for all Account variant even for priority account.































I guess i will activate only Liberty card after delivery for safe side. And branch manager assure that if any extra amount deduct then he will reverse the charge.

 

[itscaj]

Suggestion: Pay Credit Card Bills worth 15,000 INR on Amazon via Axis Internet Banking or UPI

Cred doesn't work for milestone spending?

 

[jack333]

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

Can i transfer to paytm merchant to get 5% cashback?

 

[Batmanbaba]

Can i transfer to paytm merchant to get 5% cashback?

That 5%is only for liberty debit card... So with debit card... U need card swap machine.or payment link... .. And expect 2-3% mdr charges

 

[jack333]

I thought there was some trick to get 5% instead of actual shopping @VISHESH_BANSAL

 

[Bhagat Singh]

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

they closed the bug last month. finally after 1 year😂😂.
now they're not giving Reward points on debit card spends.
giving points randomly.