• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Axis Bank Liberty Savings Account Benefits

VISHESH_BANSAL

TF Pioneer
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.


Screenshot_2024-02-02-21-29-44-415-edit_com.google.android.gm.jpg

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* 👇





One Domestic Lounge Access Per Quarter.



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



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
 
Last edited:
I am waiting for upgrade of my kotak 811 to 811 super, same benefits like liberty, 5% upto 500 month with less restrictions. Atleast I will get peace with Kotak for sure leaving aside cashback.
 
I am waiting for upgrade of my kotak 811 to 811 super, same benefits like liberty, 5% upto 500 month with less restrictions. Atleast I will get peace with Kotak for sure leaving aside cashback.
Please tell if they do deduct the ₹300 annual charges immediately after upgrading & what about debit card charges. I know one needs to maintain 5K to be eligible for the upgrade.
 
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.


View attachment 42002

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* 👇





One Domestic Lounge Access Per Quarter.



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



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
I opened Easy Access digital savings account and in last June Axis sent me an SMS for upgrade to Liberty savings account. I immediately sent the drop out SMS. But 2 days ago, suddenly I noticed that even after my dropout SMS, Axis upgraded my account (not the debit card though).

Now the thing is, even after the upgrade, Axis app is showing my MAB still remains 5k which was of Easy Access. Then I called Axis customer care and they are saying that "No, as account is upgraded, MAB also should be 25k". But I don't think Axis app will show such wrong information. And I never trust Axis customer care as much as Axis app. What do you think? What is happening here?
 
I opened Easy Access digital savings account and in last June Axis sent me an SMS for upgrade to Liberty savings account. I immediately sent the drop out SMS. But 2 days ago, suddenly I noticed that even after my dropout SMS, Axis upgraded my account (not the debit card though).

Now the thing is, even after the upgrade, Axis app is showing my MAB still remains 5k which was of Easy Access. Then I called Axis customer care and they are saying that "No, as account is upgraded, MAB also should be 25k". But I don't think Axis app will show such wrong information. And I never trust Axis customer care as much as Axis app. What do you think? What is happening here?
RBI ka bamboo ka need hai Axis and ICICI ko...thoda hard wala
 
It seems that Axis is manually checking UPI transactions for determining eligibility of quarterly cashback. This needs RBI's intervention.
 

Attachments

  • Screenshot_20240916-111055_X.webp
    Screenshot_20240916-111055_X.webp
    116.4 KB · Views: 61
It seems that Axis is manually checking UPI transactions for determining eligibility of quarterly cashback. This needs RBI's intervention.
UPI was never valid for Quarterly CB, or was it? The answer which you got is pretty standard and goes for every bank. Reference number is unique for each UPI transactions, there is nothing new here.
 
UPI was never valid for Quarterly CB, or was it? The answer which you got is pretty standard and goes for every bank. Reference number is unique for each UPI transactions, there is nothing new here.
Previously Indie loads and Mobikwik cc bill payment using UPI counts for quarterly voucher but since last quarter they stopped.

Yeah, but when asked to pno, they replied me by attaching mcc to each upi transaction for which I raised complaint. How can one bank give two different answers to same query.
 
Citi to Axis Liberty migrated customers, I am seeing my account is not eligible for cashback, please contact your nearest branch error. Anyone got cashback after migration?
no. i have made some eligible transactions. still showing your account is not eligible for cashback.
 
Previously Indie loads and Mobikwik cc bill payment using UPI counts for quarterly voucher but since last quarter they stopped.
And they have every right to do so, banks have the final discretion when deciding cashback/reward program eligibility. RBI intervention is for when you are facing issues related to core banking services not cb/reward program.
 
Back
Top