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/

 

[SSV]

RMs at Axis are worst possible lot

Forget about RMs , 🪓 itself is probably the worst among group of the banks of the similar size...

 

[finance_baba]

Forget about RMs , 🪓 itself is probably the worst among group of the banks of the similar size...

Why do you have an account in the worst bank?

 

[SSV]

Why do you have an account in the worst bank?

to know how much worse 😉

 

[Donald J. Trump]

RMs at Axis are worst possible lot

Indeed
3 words

Why do you have an account in the worst bank?

"life is a suffering" - Gautam Gambhir

 

[akilmds]

Can someone tell me the difference between financial quarter and calendar quarter, in this context 🤣🤣🤣

 

[hender]

Financial year
Q1 - 01April to 30th June
Q2 - 01 July to 30 th September
Q3 - 01October to 31st December
Q4 - 01 January to 31st March

View attachment 107666

Can someone tell me the difference between financial quarter and calendar quarter, in this context 🤣🤣🤣

 

[Donald J. Trump]

View attachment 107666

Can someone tell me the difference between financial quarter and calendar quarter, in this context 🤣🤣🤣

Wowwwwwwwwwwwww are these clowns illiterate?

 

[Donald J. Trump]

Financial year
Q1 - 01April to 30th June
Q2 - 01 July to 30 th September
Q3 - 01October to 31st December
Q4 - 01 January to 31st March

Doesn't matter eventually comes back to the same

 

[HumorSimpson]

Financial year
Q1 - 01April to 30th June
Q2 - 01 July to 30 th September
Q3 - 01October to 31st December
Q4 - 01 January to 31st March

But when things are per quarter, its just a name change.
Q1 FY becomes Q2 CY and any rewards meant for quarter, need to be rewarded.

 

[hender]

Doesn't matter eventually comes back to the same

But when things are per quarter, its just a name change.
Q1 FY becomes Q2 CY and any rewards meant for quarter, need to be rewarded.

Reference dates to help him understand 🙂

 

[Shubham Yadav]

to know how much worse 😉

So how was your experience pls enlighten us with your survival skills

 

[SSV]

So how was your experience pls enlighten us with your survival skills

just maitain, minimalistic and useful products (my relationship with 🪓 :SBLBR a/c , Airtel, neo, super money pro CCs)..
and most importantly
Practice some Yoga and meditation and something like that.... 😉

thereby avoid some FASAK from 🪓

 

[krishc]

one silly query regarding how Liberty family banking applies minimum balance requirement :
1. is it the total avg balance of the family group should exceed 25k in a month
2 or that any one of them need to maintain 25k+ avg balance in that month

 

[Shubham Yadav]

one silly query regarding how Liberty family banking applies minimum balance requirement :
1. is it the total avg balance of the family group should exceed 25k in a month
2 or that any one of them need to maintain 25k+ avg balance in that month

Primary account holder need to maintain AMB

 

[Strange]

Primary account holder need to maintain AMB

But If Primary account holder has spent 25K then all family members including primary family member don't need to maintain MAB right?

 

[Strange]

Primary account holder need to maintain AMB

But If Primary account holder has spent 25K then all family members including primary family member don't need to maintain MAB right?

Reference . .

D

Post in thread 'Axis Bank Liberty Savings Account Benefits'

Dec 17, 2024

There is no need to visit the branch for linking of accounts right?

Read again what I have Written

After Linking We have to maintain 25k MAB only in primary account or in all linked accounts?

Just do eligible spends of 25k in Primary and Maintain even negative in rest 3 and Zero in Primary🤣

• Deleted member 2540

• 
• 
• 

 

[Shubham Yadav]

But If Primary account holder has spent 25K then all family members including primary family member don't need to maintain MAB right?

Yes indeed its qualify amb waiver criteria all of family members

 

[cybergvm]

1. No, find the link on Axis whatsapp banking. You can open the account directly without VKYC.
2. Yes, KYC documents are required for offline process.

Sometime back there was link in the WhatsApp banking to apply for new products (incl. new savings accounts) pointing to their relevant webpage. But, no such option to apply for new products is available now in the Whatsapp banking.

I opened Liberty savings account recently using the old link shown in the Whatsapp chat expecting to open the account based on existing relationship with the bank, without going through VKYC. But, the application process finally led to VKYC and I had to complete it to open the account.

Just for information.

 

[runzone]

Do we get 5% weekend cb if we buy gift card from flipkart?

 

[Strange]

Do we get 5% weekend cb if we buy gift card from flipkart?

If MCC is 5947.