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 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/

 

[CopyNinja]

In app, go to money manager, and check your spends category. If it shows excluded category, then you know your answer.

It is showing under Shopping> Grocery and consumables

What should I do

 

[EliteUser]

It is showing under Shopping> Grocery and consumables

What should I do

Your category is right but the MCC used must be different than departmental store that's why you didn't got cashback. Beware when they say Shopping as a category of cashback but there are limited MCC's of shopping eligible for cashback.

 

[CopyNinja]

Your category is right but the MCC used must be different than departmental store that's why you didn't got cashback. Beware when they say Shopping as a category of cashback but there are limited MCC's of shopping eligible for cashback.

What to do? How do I know? Shoppers stop is a proper shopping store and I don't think that MCC would be excluded.

 

[CopyNinja]

Most likely shopperstop shop using excluded mcc, hence no cashback.

How to know mcc?

 

[6ix9ine]

How to know mcc?

First I need to know your CCs and DCs since axis DC won't be of any help.

 

[EliteUser]

How to know mcc?

I use IDFC CC to know MCC of the online sites before paying. Just select UPI and pay via IDFC CC on UPI, It usually fails but you get top know the MCC in the IDFC app. Also, If your use case is genuine online shopping, then get KOTAK 811 DC. They give 5% Cashback till 500Rs. without this MCC exclusion (There are few exclusions but nominal for genuine spenders).

 

[EliteUser]

What to do? How do I know? Shoppers stop is a proper shopping store and I don't think that MCC would be excluded.

Also use case of this axis liberty account for me is to buy Gift cards, Amazon or Flipkart shopping, DMART etc. Here, in this places you get sure shot cashback. Also amazon pay gift cards balance are accepted in many places like Zomato, Ola etc. Also, You may use account for your genuine UPI spends, mostly for that 10k additional spends you get 750 Rs apay coupon a quarter ( 2.5% cashback not bad for offline spends).

 

[Ramesh Chintamani Gopal]

Your category is right but the MCC used must be different than departmental store that's why you didn't got cashback. Beware when they say Shopping as a category of cashback but there are limited MCC's of shopping eligible for cashback.

Fact
No petrol pump is showing departmental store mcc as error😜
There they’re perfectly coding

 

[CopyNinja]

First I need to know your CCs and DCs since axis DC won't be of any help.

I had used Axis liherty DC as the 5% offer is on the same

 

[6ix9ine]

I had used Axis liherty DC as the 5% offer is on the same

You can't figure out mcc from axis DC, axis is unable to check that for you.

 

[Strange]

You can't figure out mcc from axis DC, axis is unable to check that for you.

Axis can confirm the MCC if your case is assigned to a knowledgeable agent.

 

[6ix9ine]

Axis can confirm the MCC if your case is assigned to a knowledgeable agent.

Chances of that are 1 out of 100.

 

[Strange]

Chances of that are 1 out of 100.

Maine to Level 1 ke email support se MCC pta kar liya tha ek baar first reply me and second time push karne ke 2-3 din baad.

 

[saber.mbt]

Got 750 Voucher for the last quarter👍🏻

 

[6ix9ine]

Maine to Level 1 ke email support se MCC pta kar liya tha ek baar first reply me and second time push karne ke 2-3 din baad.

Bhadiya hai phir toh, yaha toh bol rhe the branch jao.

Expectations 0 hi thi waise bhi, only HDFC tells mcc on DC, axis ka you are saying, ho jata hai. Try karta hu again

 

[Strange]

HDFC tells mcc on DC,

Isne to call pe nahi btaya. HDFC sirf CC txn ka MCC btata hai.

 

[6ix9ine]

Isne to call pe nahi btaya. HDFC sirf CC txn ka MCC btata hai.

Aesa kuch nhi hai. Email par 100% efficiency hai, have asked more than 30 times. Har baar batate hai.

CC ka toh sab batate hi hai, yaha DC ki baat kar rha hu mai.

 

[soccer]

For MCC on Axis DC, you've got to mostly end up e-mailing L2 customer care (even first level cc will deny it; you need to escalate and then L2 or L3 gives it).

On phone, the odds are next to zero.

Axis for CC will mostly tell the MCC on phone; but for DC they think you're some freak alien if you ask that info.

 

[Manishg]

For MCC on Axis DC, you've got to mostly end up e-mailing L2 customer care (even first level cc will deny it; you need to escalate and then L2 or L3 gives it).

On phone, the odds are next to zero.

Axis for CC will mostly tell the MCC on phone; but for DC they think you're some freak alien if you ask that info.

Just directly mail pno and get mcc or ask on Social media platforms they will tell

 

[CopyNinja]

For MCC on Axis DC, you've got to mostly end up e-mailing L2 customer care (even first level cc will deny it; you need to escalate and then L2 or L3 gives it).

On phone, the odds are next to zero.

Axis for CC will mostly tell the MCC on phone; but for DC they think you're some freak alien if you ask that info.

How do I get the L2 email IDs? I am mailing the RM, BM shown in app. But they don't respond