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/

 

[soccer]

Where did you read that Merchant POS txns are eligible for 5% weekend spends thru Liberty Dc ?
Share any particular post or thread ?

They're eligible as long as they're in the included MCC list (which is most things, but there are obviously exceptions)

 

[alokk6549]

Where did you read that Merchant POS txns are eligible for 5% weekend spends thru Liberty Dc ?
Share any particular post or thread ?

I have been doing same for last three months and I've got cashback of every month expect this

 

[Jatayu]

I have been doing same for last three months and I've got cashback of every month expect this

Then check whether that was weekend or not. If yes, then go to X and tag them for quick resolution as others recommended this way

 

[alokk6549]

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

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

I've already done that, they said it's eligible cashback should have credited that's why they have raised ticket, I'm waiting for resolution

 

[soccer]

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

I've already done that, they said it's eligible cashback should have credited that's why they have raised ticket, I'm waiting for resolution

Hopefully you should get it.

What was the MCC btw, out of curiosity?

 

[alokk6549]

Hopefully you should get it.

What was the MCC btw, out of curiosity?

Don't know they refused to tell me , said it's against their policy, which is absolutely ridiculous btw I got kotak 5 percent cashback of this month from doing same method

 

[6ix9ine]

Don't know they refused to tell me , said it's against their policy, which is absolutely ridiculous btw I got kotak 5 percent cashback of this month from doing same method

Kotak has less exclusions than axis, don't compare them. Check your transaction category in the money manager inside axis app and post the screenshot here.

 

[alokk6549]

Its under grocery and consumables

 

[6ix9ine]

Its under grocery and consumables

Main category is shopping, this should get considered. Probably some technical issues on your account. Axis will fix it, just keep in touch with them.

 

[SureShot]

I am wondering how people used to get quarterly vouchers in multiple liberty accounts, I can't add the same credit cards in more than one CRED account as it is showing it is already added to another CRED account error. Too much to process in the mind. 😀

Let me know how to optimise it if you have already setup the working method.

 

[alokk6549]

Hi guys,

I have recently got the MCC details of few common transactions. Sharing here, might be useful for some of you..

View attachment 107325

How did you get this information about mcc code?? Bro

 

[alokk6549]

Main category is shopping, this should get considered. Probably some technical issues on your account. Axis will fix it, just keep in touch with them.

Finally today I've received call from axis and they've confirmed that mcc is not eligible

 

[6ix9ine]

Finally today I've received call from axis and they've confirmed that mcc is not eligible

Then ask the guy where you usually transact if he has changed the pos machine or something. MCC can't change on it's own, something must've changed.

This is just for future bhai, sadly your cashback is gone for this one.

 

[6ix9ine]

How did you get this information about mcc code?? Bro

You can find out using other banks credit cards, or even Axis. With DC, it's hard to find. Most (99%) of the time, customer care will deny your request.

 

[alokk6549]

Then ask the guy where you usually transact if he has changed the pos machine or something. MCC can't change on it's own, something must've changed.

This is just for future bhai, sadly your cashback is gone for this one.

Unfortunately Yes he has upgraded his pos machine

 

[6ix9ine]

Unfortunately Yes he has upgraded his pos machine

There you go

 

[alokk6549]

I'm thinking about opening my account in rozzaropay payment gateways, so I can easily do transaction through axis and kotak, I do have GST and other buisness details, please share some tips if it's right thing to do?

 

[6ix9ine]

I'm thinking about opening my account in rozzaropay payment gateways, so I can easily do transaction through axis and kotak, I do have GST and other buisness details, please share some tips if it's right thing to do?

Bhaijaan public mai yeh mat dalo 🤣

 

[6ix9ine]

Why?? I've got approval from razorpay

This thread is literally indexed in google bhai, do it at your own risk.

 

[soccer]

I'm thinking about opening my account in rozzaropay payment gateways, so I can easily do transaction through axis and kotak, I do have GST and other buisness details, please share some tips if it's right thing to do?

Wouldn't recommend it.

Completely your call, but it's not difficult for the banks to connect your GST registered entity to you. If it's a sole proprietary concern, individual PAN can be easily found from the GST number. If it's a company, data on directors is publicly available.

Doing it for 500 CB/mo isn't worth it.