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/

 

[jeevanreddy58]

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?

We acknowledge the receipt of your email. Upon checking, we would like to confirm you that your account scheme had been upgraded to Burgundy variant and updated on June 20, 2025.

The voucher is applicable for the liberty savings account holding liberty debit card. Kindly refer the below link for your reference.

“The annual monetized value as mentioned above is only applicable for Liberty Customers, who have a Liberty Savings Account, along with the Liberty Debit Card.”

https://www.axisbank.com/docs/defau...t-lifestyle-benefits-terms-and-conditions.pdf

 

[jeevanreddy58]

We acknowledge the receipt of your email. Upon checking, we would like to confirm you that your account scheme had been upgraded to Burgundy variant and updated on June 20, 2025.

The voucher is applicable for the liberty savings account holding liberty debit card. Kindly refer the below link for your reference.

“The annual monetized value as mentioned above is only applicable for Liberty Customers, who have a Liberty Savings Account, along with the Liberty Debit Card.”

https://www.axisbank.com/docs/defau...t-lifestyle-benefits-terms-and-conditions.pdf

Better downgrade to Liberty and spend 25k per month..

 

[Manishg]

Update!
Axis Bank finally updated their terms and conditions for the liberty savings account.

Now, they have officially mentioned transactions done through UPI / Mobile Banking / Internet Banking also eligible for exclusions MCC.

Earlier they used to write only debit card but now they clarified that any mode of transaction done on excluded MCC will not be eligible for 750 voucher and waiving minimum balance criteria by spending 25000/-.

They used to follow from long time exclusions on UPI too without mentioning in T&C.

I know yesterday, I don't know when they actually updated. Also, they have not notified us prior 30 days as per RBI guidelines. So can I complaint against it?

I also think that maybe any person has filled complaint against them that's why they updated the T&C.

 

[6ix9ine]

Better downgrade to Liberty and spend 25k per month..

We acknowledge the receipt of your email. Upon checking, we would like to confirm you that your account scheme had been upgraded to Burgundy variant and updated on June 20, 2025.

The voucher is applicable for the liberty savings account holding liberty debit card. Kindly refer the below link for your reference.

“The annual monetized value as mentioned above is only applicable for Liberty Customers, who have a Liberty Savings Account, along with the Liberty Debit Card.”

https://www.axisbank.com/docs/defau...t-lifestyle-benefits-terms-and-conditions.pdf

Already explained in previous pages (last 3-4)

 

[6ix9ine]

Update!
Axis Bank finally updated their terms and conditions for the liberty savings account.

Now, they have officially mentioned transactions done through UPI / Mobile Banking / Internet Banking also eligible for exclusions MCC.

Earlier they used to write only debit card but now they clarified that any mode of transaction done on excluded MCC will not be eligible for 750 voucher and waiving minimum balance criteria by spending 25000/-.

They used to follow from long time exclusions on UPI too without mentioning in T&C.

I know yesterday, I don't know when they actually updated. Also, they have not notified us prior 30 days as per RBI guidelines. So can I complaint against it?

I also think that maybe any person has filled complaint against them that's why they updated the T&C.

Old pdf hai kya?

 

[Manishg]

Old pdf hai kya?

Nahi mil rha bhai

 

[Strange]

Nahi mil rha bhai

web archive pe check karo.

 

[6ix9ine]

Nahi mil rha bhai

mil gaya, downloaded tha PC mai tumhare liye switch on kiya

 

[6ix9ine]

I also think that maybe any person has filled complaint against them that's why they updated the T&C.

Obviously, people must've ungli'ed the bank and in response, they changed the T&C.

In short, end is near for cred peeps unless they figure out the mcc.

 

[Manishg]

mil gaya, downloaded tha PC mai tumhare liye switch on kiya

Bhai ye kya karuga mai?

 

[6ix9ine]

Bhai ye kya karuga mai?

Compare karlena in case, maine dal diya for everyone benefit.

Waise as such kuch major change nhi.

 

[Manishg]

Compare karlena in case, maine dal diya for everyone benefit.

Waise as such kuch major change nhi.

Also, they have not notified us prior 30 days as per RBI guidelines. So can I complaint against it?

Answer this question?

 

[6ix9ine]

Answer this question?

Logically yes, but have you lost something due to this?

If not, then wait. Complaining now will not benefit us anything, they will just say sorry and send everyone fresh email

 

[Manishg]

Logically yes, but have you lost something due to this?

If not, then wait. Complaining now will not benefit us anything, they will just say sorry and send everyone fresh email

RBI ombudsman I am talking

 

[6ix9ine]

RBI ombudsman I am talking

You can definitely complaint but no compensation for anything, if you just want to tease axis then yes go for it.

RBI will ask for bank reply, waha kya daloge?

 

[Vas2398]

I paid CC bills using amazon for more than 25k in August. still I received this SMS today.
They are reflected as P2M transactions in my statement. Are they excluded ?

 

[6ix9ine]

I paid CC bills using amazon for more than 25k in August. still I received this SMS today.
They are reflected as P2M transactions in my statement. Are they excluded ?

As per new T&C, maybe yes. Better keep 25K to avoid bombardment of charges.

 

[SureShot]

I see the weekend cahback of ₹500 is by spending with liberty debit card. Do I need to get debit card mandatorily for quarterly 60K spends too to be eligible?

Context - planning to open few more accs under family grouping without debit card to avoid annual fee.

 

[6ix9ine]

Do I need to get debit card mandatorily for quarterly 60K spends too to be eligible?

No, but make sure that transactions are not on exclusions. For exclusions, check latest T&C.

 

[Donald J. Trump]

No, but make sure that transactions are not on exclusions. For exclusions, check latest T&C.

So basically you are saying that as soon as I opened this a/c all this bullshit began?