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/

 

[alokk6549]

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.

Yep that's why I've dropped this plan. 500<peace of mind

 

[SureShot]

Please help me with the below queries,

- Can I group the liberty account from a different branch in the app itself or need to change to same branch to group with branch assistance?

- Can a normal liberty account and citi migrated liberty account be grouped under family banking?

- Is joining fee for liberty debit card mandatory? Can I ask them to reverse the charges without activating it?

 

[alokk6549]

Any tricks for 5% weekend cashback?

 

[alokk6549]

Hopefully you should get it.

What was the MCC btw, out of curiosity?

5311 it's fall under departmentel store but still didn't get cashback

 

[soccer]

5311 it's fall under departmentel store but still didn't get cashback

5311 is not a valid MCC for weekend CB as per Axis' eligible list in the Liberty T & C's.

 

[alokk6549]

5311 is not a valid MCC for weekend CB as per Axis' eligible list in the Liberty T & C's.

Any other methods to meet cashback eligibilty criteria?

 

[6ix9ine]

Any other methods to meet cashback eligibilty criteria?

First post of this thread has all the information regarding eligible MCCs, you can refer that and do transactions accordingly.

 

[bugmenot]

Any tricks for 5% weekend cashback?

I used to buy voucher from axis gift edge (gyftr). It had mcc of 5947 (Gift, Card, Novelty and Souvenir Stores). From August onwards they changed the mcc to 5310 (Discount Stores), which is excluded. Below given are the remarks mentioned on statement.

ECOM PUR/GYFTRVQUCHERS/NEW DELHI - 5947
ECOM PUR/GYFTRVOUCHERS - 5310

 

[Parallaxhal]

Can anyone confirm if credit card payments at least count towards the monthly spend criteria? I don't want to pay for non maintenance charges if that doesn't count.

 

[6ix9ine]

Can anyone confirm if credit card payments at least count towards the monthly spend criteria? I don't want to pay for non maintenance charges if that doesn't count.

Most likely it won't

 

[456]

Does anyone got charged non-maintenance fee who are pay credit card bill via cred app for mab waiver in September month?

 

[Rahul098]

Does anyone got charged non-maintenance fee who are pay credit card bill via cred app for mab waiver in September month?

I was charged for June month but only ₹2

 

[Lalsingh22]

@6ix9ine Brother, Is CC bill Payment through Cred via UPI still eligible for quarterly voucher or not ?

If CC bill Payment through cred is ineligible for quarterly Voucher. Can you please suggest some platform which is eligible for it ?

 

[ankit ojha]

I just pay to my marchant account , P2M scan and pay.. 25k… will it eligible for 0 MAB??

 

[messypenguin]

thinking of closing ths account for good. Used to make rent payments with cred till last month and it's not possible from now on. Using rupay cc, fi money and kotak 811 super dc for offline purchases. I guess there's no other use case for me.

 

[Coolkiran77]

Hi, Are purchases made in jiomart considered for weekend cashback

 

[soccer]

Hi, Are purchases made in jiomart considered for weekend cashback

MCC dependent, but think it should be.

 

[vasanth_ece]

Will the bills/utility payments considered for quarter voucher?

 

[SureShot]

Will the bills/utility payments considered for quarter voucher?

we will come to know this month.
anyone know when we will get mail for quarterly vouchers?

 

[6ix9ine]

we will come to know this month.
anyone know when we will get mail for quarterly vouchers?

around 20-21ish, maybe slight delay due to Diwali.