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/

 

[saber.mbt]

If someone had done transaction on cred upi before T&Cs were changed, will that be counted?

Need to wait till October 20th for confirmation. No one knows, Axis has its own rules. 90% they won't consider. Terms and conditions are silently updated. So it applies for entire quarter.

 

[456]

If someone had done transaction on cred upi before T&Cs were changed, will that be counted?

+ 1 .

 

[6ix9ine]

If someone had done transaction on cred upi before T&Cs were changed, will that be counted?

I don't know bhai, that's completely upto Axis.

 

[Bhauka23]

I don't know bhai, that's completely upto Axis.

Axis is getting ready to show crores in profit for JAS quarter😂(IYKYK)

 

[Manishg]

Bhai you all are saying that axis follows exclusions on upi too when they have not mentioned upi in exclusions list.
So, is basically they only added upi in t and c but they are following practically from long time? Or they previously not followed practically exclusions on upi?

Moreover, they have not updated their customers through mail or SMS about the change. This is against RBI guidelines. Anyone if face charges then you can file complaint to bank and then RBI ombudsman.

 

[6ix9ine]

Bhai you all are saying that axis follows exclusions on upi too when they have not mentioned upi in exclusions list.

No, you didn't understand. Now, upi transactions will follow the same excluded MCCs as debit cards. Previously, transactions made using a debit card on MCC 6012 wouldn't fetch anything, but using UPI, they used to work for the quarterly GV.

Now, they won't work (as per the T&Cs).

So, is basically they only added upi in t and c but they are following practically from long time? Or they previously not followed practically exclusions on upi?

That's the main point people have to figure out. Previously, axis used to say that UPI transactions would follow the MCC exclusion list, even though there was no mention of it in the terms and conditions. Yet, after some back-and-forth fight, they would still issue the GV.

Moreover, they have not updated their customers through mail or SMS about the change. This is against RBI guidelines. Anyone if face charges then you can file complaint to bank and then RBI ombudsman.

Exactly. If people don’t get the cashback this month, they can complain for their 750 GV by arguing that customers should have received an email about the T&C update and that the new terms should apply from the next quarter, not this one.

Well, we can only wait and see. My transactions are genuine, so I’m not too worried, but I do care about the peeps 😅

 

[CopyNinja]

Are there mcc for upi transactions? I don't think so

 

[BhaiyaJi]

Are there mcc for upi transactions? I don't think so

MCC sabka hota hai lakshman

 

[iimadarsh]

MCC sabka hota hai lakshman

Lotak ke baad Axis ne kaat diya

 

[CopyNinja]

MCC sabka hota hai lakshman

I have a UPI merchant code. But there is no mcc for my id.

 

[Strange]

I have a UPI merchant code. But there is no mcc for my id.

Pay through HDFC Rupay credit card on your merchant UPI QR then ask HDFC customer care for the MCC of that transaction.

 

[AllThatStuff]

Has anyone received DC weekend cashback for Aug month ??

 

[saber.mbt]

Has anyone received DC weekend cashback for Aug month ??

Yet to credit. Most probably in another couple of days.

 

[AllThatStuff]

Yet to credit. Most probably in another couple of days.

Thank God...I thought I didn't get this time !! 🥴

 

[saber.mbt]

Thank God...I thought I didn't get this time !! 🥴

Check Now. Cashback reflecting 😄👍

 

[AllThatStuff]

Check Now. Cashback reflecting 😄👍
View attachment 110257

Yeah I too got my 1000/- pocket money !! 😜

 

[BhaiyaJi]

Yeah I too got my 1000/- pocket money !! 😜

Bhai itne time se loot rahe ho, ab to bata do kahan loot rahe ho

 

[EliteUser]

In Money Manager - My payments to someone is showing in category - Payments - Loan/EMI, will it be eligible for 60k quarterly spends 750 Coupon?

 

[Bhauka23]

In Money Manager - My payments to someone is showing in category - Payments - Loan/EMI, will it be eligible for 60k quarterly spends 750 Coupon?

I don't think so

 

[Rahul098]

No, you didn't understand. Now, upi transactions will follow the same excluded MCCs as debit cards. Previously, transactions made using a debit card on MCC 6012 wouldn't fetch anything, but using UPI, they used to work for the quarterly GV.

Now, they won't work (as per the T&Cs).


That's the main point people have to figure out. Previously, axis used to say that UPI transactions would follow the MCC exclusion list, even though there was no mention of it in the terms and conditions. Yet, after some back-and-forth fight, they would still issue the GV.


Exactly. If people don’t get the cashback this month, they can complain for their 750 GV by arguing that customers should have received an email about the T&C update and that the new terms should apply from the next quarter, not this one.

Well, we can only wait and see. My transactions are genuine, so I’m not too worried, but I do care about the peeps 😅

So paying credit card bills via MobiKwik will not fetch the 750 voucher moving forward is it ?