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/

 

[tharun]

Oh, I thought both are same 😅 thanks for clarifying. I never opted for them, so was not sure.

I intially thought so to buy after few days I asked customer care why am I not getting BMS offers and after few days of their brain racking they sent me email stating that I hold virtual debit not e-debit card

Spoiler

if I just read 1st page completely or remembered completely i would have known 😂😂

 

[Strange]

I have virtual DC that was issued along with SBLBR. it is not chargeable..
I had permanently blocked physical DC and cancelled it

If you block your virtual debit card then you won't be able to link you Liberty account to any UPI apps.

 

[6ix9ine]

If you block your virtual debit card then you won't be able to link you Liberty account to any UPI apps.

He has blocked physical DC.

 

[tharun]

If you block your virtual debit card then you won't be able to link you Liberty account to any UPI apps.

I think he said blocked physical debit card not virtual card

 

[SSV]

Do you have virtual DC? Can you link your Liberty account in the UPI apps after blocking your DC?

Yes, I have virtual DC.
Can't remember now when I linked my sblbr with CRED whether it is before or after canceling my DC.

But recently I added my sblbr in so many third party applications without any DC details. It automatically picked up my sblbr when I choose axis bank account..

 

[SSV]

If you block your virtual debit card then you won't be able to link you Liberty account to any UPI apps.

Why would I block my free virtual DC ??
I cancelled my physical DC as it is chargeable..

Post in thread 'Axis Bank Liberty Savings Account Benefits' https://www.technofino.in/community...rty-savings-account-benefits.1504/post-617642

 

[6ix9ine]

Why would I block my free virtual DC ??

Dr. Strange 😂

 

[Strange]

Why would I block my free virtual DC ??
I cancelled my physical DC as it is chargeable..

Post in thread 'Axis Bank Liberty Savings Account Benefits' https://www.technofino.in/community...rty-savings-account-benefits.1504/post-617642

You missed "IF" word which means you have to block if gets compromised.

btw after expiry 🪓 won't renew Virtual DC and 🪓 will disable linking of your Account to UPI apps if you don't have any active debit card.

 

[SureShot]

No need of DC to get 750 quarterly voucher.
I cancelled my DC a long time ago

will I be charged issuance fee if I didn't activate the card and cancel it? I don't want the physical debit card at all.

 

[SSV]

Te

will I be charged issuance fee if I didn't activate the card and cancel it? I don't want the physical debit card at all.

Technically there shouldn't be any charges..
But it is 🪓 .. you can be FASAKED anytime...
Call CC and find out and ask them to close

 

[6ix9ine]

Te

Technically there shouldn't be any charges..
But it is 🪓 .. you can be FASAKED anytime...
Call CC and find out and ask them to close

 

[SSV]

You missed "IF" word btw after expiry 🪓 won't renew Virtual DC and 🪓 will disable linking of your Account to UPI apps if you don't have any active debit card.

Understood..
But luckily my virtual DC is valid for another 5 years.. I am not sure if this account can survive that long..
Lets see what happens in June 2030... 😉

 

[Wealth is my birth right!]

Understood..
But luckily my virtual DC is valid for another 5 years.. I am not sure if this account can survive that long..
Lets see what happens in June 2030... 😉

View attachment 108989

No one in TF did this time line analysis bhai
Good point

 

[Lalsingh22]

@SSV Recently, My RM told me that other than spending & maintaining ₹25k criteria for my Liberty Account, I can create a FD of ₹25k for NMC waiver.

Can you please clarify it ?

 

[SSV]

I can create a FD of ₹25k for NMC waiver.

Creating FD of 25K every month ?? 😉

I never heard about this

 

[Lalsingh22]

Creating FD of 25K every month ?? 😉

I never heard about this

Just One time.

 

[tharun]

can create a FD of ₹25k for NMC waiver.

This is the terminology used not 25k but 1lakh

Book an FD of at least Rs 1,00,000 for 12 months or more and you do not need to maintain minimum balance in that particular month

 

[tharun]

Creating FD of 25K every month ?

Looks like recently rules have changed for fd but not 25k it's 1lakh and only that month AMC waviver

 

[Lalsingh22]

that particular month

If I book a FD of 1L for 12months in Oct 25, then NMC waiver will applied for only Oct 25 or will it applied for Oct 25 to Sept 26 ?

 

[hender]

@SSV Recently, My RM told me that other than spending & maintaining ₹25k criteria for my Liberty Account, I can create a FD of ₹25k for NMC waiver.

Can you please clarify it ?

This is the terminology used not 25k but 1lakh

Book an FD of at least Rs 1,00,000 for 12 months or more and you do not need to maintain minimum balance in that particular month

Y e s