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]

I don't think so

Check P2A or P2M. P2M eligible..

 

[saber.mbt]

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

Think so.. We will come to next month..

 

[6ix9ine]

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

most likely yes but hey its axis iykyk

 

[soccer]

Bit interesting that they've specifically mentioned internet and mobile banking in the new T & C's too.

Indicates that pure netbanking was also working at some point in the past for this.

 

[TEMPER]

Check Now. Cashback reflecting 😄👍
View attachment 110257

cashback posted ? for me not reflecting yet

 

[soccer]

cashback posted ? for me not reflecting yet

The weekend 5% cashback?

Yes, that's been posted.

 

[saber.mbt]

cashback posted ? for me not reflecting yet

Posted and credited to account.

 

[6ix9ine]

Bit interesting that they've specifically mentioned internet and mobile banking in the new T & C's too.

Indicates that pure netbanking was also working at some point in the past for this.

Exactly, perhaps every P2M transaction was being considered for quarterly GVs.

I have a slightly different take on this as well. Maybe some people calling axis and asking stupid questions like.

Is netbanking eligible for this?
Is debit card eligible for this?
Can I do payment using app and in app using DC?
Etc etc.

Probably axis thought that why people are asking these questions then they notice nothing "explicitly" mentioned in the T&C about netbanking/DC restrictions.

Hence, they silently added those points and didn't notify the users as this wouldn't impact them.

Which in simple terms means, everything which was working prior to change should still work in future too.

Well, we can only wait. This quarter still cannot give clear picture as maybe axis consider old t&c for those who did transactions before t&c update and they release CB without any issues.

We will be 100% sure in next oct - nov - dec quarter.

 

[EliteUser]

This is my guess...
1. Earlier many people in forum already informed that not all p2m txns were eligible like zerodha. So all P2M,Txns being eligible seems unlikely
2. Earlier Cred bill payment were shown as Payment-others now it is showing under Payments - Credit card bill section. So, It cant be a mere coincidence that both the categorization of cred and their update inb TnC comes at the same time. So, It is with 90% assurity, I can say that now cred payments are ineligible. (I did just CC bill payment earlier for 60k which was categorized as CC bill payments and didn't got any quarterly voucher).

So, Cred is also gone mostly. Time to find some other apps whose mcc may be different.

 

[EliteUser]

Check P2A or P2M. P2M eligible..

It's P2M but the category loan/emi, I guess comes under financial institutions.

 

[Jatayu]

I did just CC bill payment earlier for 60k which was categorized as CC bill payments and didn't got any quarterly voucher

So, Cred is also gone mostly.

It means I would also be losing this 750. But we still have 10 days left so can find some jugaad

 

[iimadarsh]

This is my guess...
1. Earlier many people in forum already informed that not all p2m txns were eligible like zerodha. So all P2M,Txns being eligible seems unlikely
2. Earlier Cred bill payment were shown as Payment-others now it is showing under Payments - Credit card bill section. So, It cant be a mere coincidence that both the categorization of cred and their update inb TnC comes at the same time. So, It is with 90% assurity, I can say that now cred payments are ineligible. (I did just CC bill payment earlier for 60k which was categorized as CC bill payments and didn't got any quarterly voucher).

So, Cred is also gone mostly. Time to find some other apps whose mcc may be different.

Manlo quarterly voucher nai milega cred pe txn karne pe. 25k wala txn count hoga na ya uska bhi penalty laga denge.

 

[saber.mbt]

This is my guess...
1. Earlier many people in forum already informed that not all p2m txns were eligible like zerodha. So all P2M,Txns being eligible seems unlikely
2. Earlier Cred bill payment were shown as Payment-others now it is showing under Payments - Credit card bill section. So, It cant be a mere coincidence that both the categorization of cred and their update inb TnC comes at the same time. So, It is with 90% assurity, I can say that now cred payments are ineligible. (I did just CC bill payment earlier for 60k which was categorized as CC bill payments and didn't got any quarterly voucher).

So, Cred is also gone mostly. Time to find some other apps whose mcc may be different.

Don't think so. I have got quarterly voucher till July for Cred payments. Only upcoming quarter or forthcoming quarter doubtful.

 

[saber.mbt]

It's P2M but the category loan/emi, I guess comes under financial institutions.

Most probably would be eligible.

 

[alokk6549]

Weekend cashback of this month is not reflected

 

[Jatayu]

Weekend cashback of this month is not reflected

I just got it redeemed 1 hour back. Showing ₹500 in account statement too.

 

[Jatayu]

Weekend cashback of this month is not reflected

Maybe you didn't spend 10k the right way. Let us know what txn you did then we will suggest better.

 

[alokk6549]

Maybe you didn't spend 10k the right way. Let us know what txn you did then we will suggest better.

I have made payment at merchant store through pos machine

 

[Jatayu]

I have made payment at merchant store through pos machine

1. Saturday ya Sunday hi kari thi na payment.
2. Not all Merchant POS txns are eligible for 5% weekend spends. See this list https://www.axisbank.com/docs/default-source/default-document-library/liberty-cashback-tnc.pdf
Always use known ways to be tension free.

 

[soccer]

I have made payment at merchant store through pos machine

Email and ask Axis the MCC of this transaction. Then check whether the MCC is in the excluded list or not.