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.

---

★ 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

---

---

★ 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/-

---

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/

 

[HumorSimpson]

@HumorSimpson Kindly add these as important Threadmarks. I'm unable to do so

Someone already did. Whoever it is, please tag with specific keywords like Axis bank account closure instead of bank closure.

 

[Strange]

Okay do so. Yes TF is slow after the downtime. Wasn't it supposed to be an upgrade after moving the servers to India??

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

Source of info. About devaluation 😅

@6ix9ine threadmark the account closure pro tip point. It'll benefit a lot of people or even add it to the main post. If we can save TF members from paying 590 to Fasak what's the loss?

Weekend 5% Cashback upto 500 on select merchant categories is still there right?

 

[6ix9ine]

Weekend 5% Cashback upto 500 on select merchant categories is still there right?

Y e s

 

[saber.mbt]

Any one received atleast last quarter voucher. Sad axis devalues from Nov 15th.

 

[iimadarsh]

Alvida 🪓 bank

 

[456]

Any one received atleast last quarter voucher. Sad axis devalues from Nov 15th.

N O O

 

[Donald J. Trump]

Any one received atleast last quarter voucher. Sad axis devalues from Nov 15th.

No sent mail already.

 

[6ix9ine]

First post is fully updated. Please let me know if I’ve missed anything.

 

[GizaPyramid]

First post is fully updated. Please let me know if I’ve missed anything.

Why only debit card? Spends via net banking/upi on eligible categories and mccs are also eligible. No?

 

[6ix9ine]

Why only debit card? Spends via net banking/upi on eligible categories and mccs are also eligible. No?

That will get cleared after this quarter only. Axis denied that in their email. So, we will see what backend actually meant to say.

Though previously netbanking/upi/dc everything used to work.

 

[Strange]

Axis denied that in their email.

Is there any official terms and conditions document citing spends done through UPI is not eligible for non maintenance waiver?

 

[6ix9ine]

Is there any official terms and conditions document citing spends done through UPI is not eligible for non maintenance waiver?

The official t&c has that point but axis is either not understanding it or they have changed it. We will get to know in this quarter.

In my opinion, they will be eligible but make sure they are not on exclusions. Not every transaction is eligible.

 

[some1anywhere]

Spent 33K on Ajio on weekend via Liberty DC in Sep but no CB received post 15th Oct till now. Called customer care but those fools were clueless about what an MCC is or how to tell transaction category or MCC on the Ajio txn. Have asked Twitter team now. Quarterly voucher meanwhile has been no trouble - have been getting it consistently every quarter for a year.

 

[6ix9ine]

Spent 33K on Ajio on weekend via Liberty DC in Sep but no CB received post 15th Oct till now. Called customer care but those fools were clueless about what an MCC is or how to tell transaction category or MCC on the Ajio txn. Have asked Twitter team now. Quarterly voucher meanwhile has been no trouble - have been getting it consistently every quarter for a year.

Sad, that means they must've been using excluded MCC. Btw, weekend cashback got released on 17th October.

 

[456]

Sad, that means they must've been using excluded MCC. Btw, weekend cashback got released on 17th October.

July - August - September quarterly cashback when?

 

[tharun]

quarterly cashback

You get quarterly gift voucher worth 750
And monthly 5%upto 500 and upto 1000 cashback on birthday month weekends
No quarterly cashback
For both we will have to redeem manually only

 

[6ix9ine]

July - August - September quarterly cashback when?

Most likely this month end.

 

[Wealth is my birth right!]

Most likely this month end.

In this week it should be

 

[6ix9ine]

In this week it should be

Yes sir, there are only 10 days left in this month.

 

[Wealth is my birth right!]

Yes sir, there are only 10 days left in this month.

Axis could have advanced this voucher for this quarter considering diwali