Axis Bank Liberty Savings Account Benefits

[VISHESH_BANSAL]

Axis Liberty Savings Account is the Best Savings for those who can

Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card
and
Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card.

If we Fulfill Above Spending Criteria We get following Benifits in return with Maximized Savings:-

■
A Zero Balance Account.

Condition:-
Merchant Spends** of 25k/Month is required to get NMC Waiver for that Particular Month.

■
A Voucher of 750 INR per Quarter.

Condition:-
Merchant Spends** of 60k/Quarter is Required.

Redemption Link:- https://www.gyftr.com/rewards/axisbankspendscampaign/

■
5% upto 500 INR Cashback Per Month.

For Birthday Month Cashback Amount is 5% upto 1,000 INR.



Condition:-
● Spends* Done at Selected Merchant Categories mentioned above will only be Considered.
●Txns Done on Saturday and Sunday will only be Considered.


Redemption can be done

Via Internet Banking 👇

Menu》Services》Other》Debit Card Cashback

Or
Via Mobile App 👇

Menu》Service Request》Cards and Forex》Debit Card Cashback



*Find Eligible MCCs for Weekend 5% Cashback at Below Link* 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-cashback-tnc.pdf

■
One Domestic Lounge Access Per Quarter.

■
** Find Excluded Spends/MCCs for NMC waiver and 750 GV at Below Link** 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-savings-account-lifestyle-benefits-terms-and-conditions.pdf

Note:- Now, You can Open Liberty Account Digitally and You will get a Virtual Debit Card as well along with the Physical Liberty Debit Card.

But Beware, the Virtual Debit Card issued with Digital Axis Liberty Account is not an E-debit Card which is issued by Axis Bank with other Digital Account Variants.

OVERALL Benifits
1000*01
500*11
750*04

Total- 9,500 INR.

Consolidated Charges:-

1. Sms Charges:- 17.7*4
Total 71 INR (including GST)

2. Liberty Debit Card Annual Fee:-
354 INR (including GST)

Net Annual Savings:-9,075 INR

 

[Batmanbaba]

they closed the bug last month. finally after 1 year😂😂.
now they're not giving Reward points on debit card spends.
giving points randomly.

Atleast on premium accounts getting the expected rewards

 

[thespy11]

Atleast on premium accounts getting the expected rewards

hey Batmanbaba, ihave opened hdfc account online and vkyc is done and it is showing in review ,do you have any idea how much time will it take to get a confirmation message 🙄

 

[TheTrickySid]

hey Batmanbaba, ihave opened hdfc account online and vkyc is done and it is showing in review ,do you have any idea how much time will it take to get a confirmation message 🙄

1 to 2 working days

 

[thespy11]

1 to 2 working days

ok bhai,, one more thing is it compulsory to go to branch once a year to do kyc for the account open online, saw about this in a youtube video 🤔

 

[TheTrickySid]

ok bhai,, one more thing is it compulsory to go to branch once a year to do kyc for the account open online, saw about this in a youtube video 🤔

No

 

[Batmanbaba]

hey Batmanbaba, ihave opened hdfc account online and vkyc is done and it is showing in review ,do you have any idea how much time will it take to get a confirmation message 🙄

2 working days.... Normal timeline.... But it's hdfc they are like a snail...

 

[thespy11]

2 working days.... Normal timeline.... But it's hdfc they are like a snail...

ok,now i can see debit card details in NetBanking but still no confirmation message, i think I will get the kit in next week

 

[Batmanbaba]

ok,now i can see debit card details in NetBanking but still no confirmation message, i think I will get the kit in next week

Kit comes in a week.. But their backend system is slow... I got account opening sms after I got my kit.... Till then account was freezed....

 

[gabu]

Can I open liberty account online.... is the process smooth or physical visit to branch later is a must?

 

[TheTrickySid]

Can I open liberty account online.... is the process smooth or physical visit to branch later is a must?

You can open online, no physical visit required

 

[Batmanbaba]

Can I open liberty account online.... is the process smooth or physical visit to branch later is a must?

Just be aware.. One person opened online .. But they messed up and account opened was easy access... Now he is running branch to get it rectified...

 

[VISHESH_BANSAL]

I thought there was some trick to get 5%

I thought there was some trick to get 5% instead of actual shopping @VISHESH_BANSAL

If you have Paytm Merchant Account , Enable Debit and Credit Card Option then Scan the QR and Pay using Liberty Debit Card Directly. Make txns in Multiple of 2000 to reduce MDR charges.

This month paytm did not charge any MDR on Debit Card and Credit Card Txns, for my merchant Account.

First do test txn using One Card to Know category of merchant, if category shown in One Card App is one of the Eligible Categories, then do txn via Liberty Debit Card if same merchant name Appears on OTP page. You will get 5% Cashback

 

[jack333]

How to pay using liberty debit card directly by scanning merchant qr code?
And what's the monthly cashback limit on liberty debit card?
Thanks in advance @VISHESH_BANSAL

 

[VISHESH_BANSAL]

How to pay using liberty debit card directly by scanning merchant qr code?
And what's the monthly cashback limit on liberty debit card?
Thanks in advance @VISHESH_BANSAL

5% upto 1000 for Birthday Month and for rest of the months 5% upto 500

You can Scan Any Paytm Merchant QR via Paytm App, if merchant has enabled debit card as a payment mode you will be able to enter card details

 

[jack333]

If you have Paytm Merchant Account , Enable Debit and Credit Card Option then Scan the QR and Pay using Liberty Debit Card Directly. Make txns in Multiple of 2000 to reduce MDR charges.

This month paytm did not charge any MDR on Debit Card and Credit Card Txns, for my merchant Account.

First do test txn using One Card to Know category of merchant, if category shown in One Card App is one of the Eligible Categories, then do txn via Liberty Debit Card if same merchant name Appears on OTP page. You will get 5% Cashback

Does paytm for business reports the annual money received to AIS of income tax if you transfer it to your merchant account which has your PAN? @VISHESH_BANSAL @Batmanbaba

 

[Patil007]

2 working days.... Normal timeline.... But it's hdfc they are like a snail...

Not able to contact HDFC customer care for Credit card issues. We need press 1,2, 3 and it goes on.

When I send email, response comes after 2-3 days.

 

[Batmanbaba]

Not able to contact HDFC customer care for Credit card issues. We need press 1,2, 3 and it goes on.

When I send email, response comes after 2-3 days.

Contact them on twitter... That is the best way and fastest

 

[VISHESH_BANSAL]

Does paytm for business reports the annual money received to AIS of income tax if you transfer it to your merchant account which has your PAN? @VISHESH_BANSAL @Batmanbaba

Amount received from Sale of Goods is not an Income. You have to show that Amount in GST Returns

I hold a genuine merchant Account therefore no issues for me as I file GST returns. I would recommend you avoid High Value manufactured spends via any MERCHANT Account.

 

[jack333]

What about services like a saloon or a clinic which don't sell any goods? Does paytm for business report it to AIS as income?

 

[VISHESH_BANSAL]

What about services like a saloon or a clinic which don't sell any goods? Does paytm for business report it to AIS as income?

Why will Paytm report Amount received for Sale of Goods and Services to AIS ?
Paytm is just a Payment gateway. We have to Submit Proper GST and Income Tax return otherwise High Manufactured Spend via any MERCHANT Account will land you in a big trouble if Proper ITR and GST returns is not sumbutted.