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/

 

[Strange]

I purchased phonepe gift card from phonepe previous month but didn't receive any cashback till now.

Merchant Name :- PHONEPE PVT LTD 5947

I think it's government MCC not 5947. You won't get any cashback for this txn.

 

[jeevanreddy58]

Good, then you will also get it soon

Hi @SSV @Strange
Opened an Axis Liberty account for my spouse in June and received a Liberty Debit Card. Later, I added this account to my Family Banking setup, as I hold a Burgundy Salary account.

In June, I made a purchase worth ₹60,000 on Cred using the Liberty Debit Card, and the transaction is categorized as P2M. However, I haven’t received the cashback yet.

Could you please confirm if Liberty accounts linked under Family Banking are eligible for quarterly spend-based cashback benefits?

 

[SSV]

Hi @SSV @Strange
Opened an Axis Liberty account for my spouse in June and received a Liberty Debit Card. Later, I added this account to my Family Banking setup, as I hold a Burgundy Salary account.

In June, I made a purchase worth ₹60,000 on Cred using the Liberty Debit Card, and the transaction is categorized as P2M. However, I haven’t received the cashback yet.

Could you please confirm if Liberty accounts linked under Family Banking are eligible for quarterly spend-based cashback benefits?

I have no experience in family banking ..
Sorry, can’t help you in this regard...

 

[hender]

Hi @SSV @Strange
Opened an Axis Liberty account for my spouse in June and received a Liberty Debit Card. Later, I added this account to my Family Banking setup, as I hold a Burgundy Salary account.

In June, I made a purchase worth ₹60,000 on Cred using the Liberty Debit Card, and the transaction is categorized as P2M. However, I haven’t received the cashback yet.

Could you please confirm if Liberty accounts linked under Family Banking are eligible for quarterly spend-based cashback benefits?

It's already Burgundy !!! Now you are entitled for burgundy benefits.
(Under family banking)

 

[6ix9ine]

It's already Burgundy !!!
(Under family banking)

+1, I am thinking same as hender.

If you are clubbing a normal account into burgundy family. Obviously, all the accounts become burgundy as well. (Not 100% sure though)

 

[jeevanreddy58]

+1, I am thinking same as hender.

If you are clubbing a normal account into burgundy family. Obviously, all the accounts become burgundy as well. (Not 100% sure though)

but my cards are not upgraded.. still using Liberty DC only..

 

[6ix9ine]

but my cards are not upgraded.. still using Liberty DC only..

Don't think that matters, for example in HDFC. If I am using a platinum debit card and move towards classic/preferred/imperia. My DC doesn't get replaced either.

In my opinion, if you are going to spend 60K in a quarter, what's the issue in keeping MAB? You are earning interest on that amount + mental peace.

Of course, there will be some 🪓 charges but those are for everyone.

If I remember correctly, @Strange is also under family, but all of his accounts are under liberty variant, that's why it's working smoothly for him.

 

[hender]

but my cards are not upgraded.. still using Liberty DC only..

First check in net banking or mobile app.
It's been upgraded to burgundy?
Than Raise a request, DC and Cheque book.
premium.experience@axisbank.com
Cheque book request Axis do accept at WhatsApp also.

 

[jeevanreddy58]

First check in net banking or mobile app.
It's been upgraded to burgundy?
Than Raise a request, DC and Cheque book.
premium.experience@axisbank.com
Cheque book request Axis do accept at WhatsApp also.

I am not interested in Burgandy services.. thats why I opened Liberty account.
Tagged to family banking bcaz Liberty account do nt need to maintain MAB

 

[hender]

I am not interested in Burgandy services.. thats why I opened Liberty account.
Tagged to family banking bcaz Liberty account do nt need to maintain MAB

You are mixing both.
If you need Liberty benefits, leave the burgundy program.

 

[indubhimsen]

I purchased phonepe gift card from phonepe previous month but didn't receive any cashback till now.

Merchant Name :- PHONEPE PVT LTD 5947

Same case mujhe bhi nahin mila

 

[akilmds]

Hi guys,

I have recently got the MCC details of few common transactions. Sharing here, might be useful for some of you..

 

[Jatayu]

As my G cal reminder rang, I came here first to confirm cb 😁, then only went to redeem both.

 

[Wealth is my birth right!]

I am not interested in Burgandy services.. thats why I opened Liberty account.
Tagged to family banking bcaz Liberty account do nt need to maintain MAB

Death from family banking then
So that u can have 1 burgundy and 1 liberty
I hold family banking in icici and axis both
That’s why saying axis work this way only

 

[Juganta]

Guyz where to use Liberty DC for CC bill payment?

 

[SSV]

Guyz where to use Liberty DC for CC bill payment?

C r e d via UPI

 

[Juganta]

C r e d via UPI

So if I use Cred upi for CC bill pay or do Normal UPI merchant store payment

I will be eligible for Quarterly 750 voucher ?
Or am I missing something?

 

[SSV]

So if I use Cred upi for CC bill pay or do Normal UPI merchant store payment

I will be eligible for Quarterly 750 voucher ?
Or am I missing something?

Y e s ..

 

[Donald J. Trump]

Y e s ..

My Stupid RM keeps on saying - "Only Debit Card Trx will be considered in the 25k spend criteria", wherein in the product webpage itself it is written 25k spends include UPI Merchant spends. Trusting you as always and going forward with cred via UPI @SSV

 

[Credit_Cards]

My Stupid RM keeps on saying - "Only Debit Card Trx will be considered in the 25k spend criteria", wherein in the product webpage itself it is written 25k spends include UPI Merchant spends. Trusting you as always and going forward with cred via UPI @SSV

RMs at Axis are worst possible lot