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 31th December, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 31st December, 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/

 

[SSV]

If I pay CC bills from PhonePe using my Axis Liberty Acc UPI, will I get the 750 voucher? If not, which method is working fine for CC Bill pay for the 750 voucher?

Thru CRED ..

 

[runzone]

Thru CRED ..

Sure phonepe spends not counted?

 

[SSV]

Sure phonepe spends not counted?

I don't know about phonepe spends

 

[Ramesh Chintamani Gopal]

If I pay CC bills from PhonePe using my Axis Liberty Acc UPI, will I get the 750 voucher? If not, which method is working fine for CC Bill pay for the 750 voucher?

Within axis app itself use freecharge bill via dc it works for 750/- voucher

 

[soccer]

Within axis app itself use freecharge bill via dc it works for 750/- voucher

Doesn't the FC gateway come under 6300, which is ineligible for quarterly as per their own T & C's?

 

[Ramesh Chintamani Gopal]

Doesn't the FC gateway come under 6300, which is ineligible for quarterly as per their own T & C's?

Yes but since freecharge is supported by axis they’re giving voucher as of now.
In last quarter of 2024 I did freecharge payment only but got voucher
Not sure it’s fixed now😉

 

[rixypanther]

If I pay CC bills on Amazon using my Axis Liberty account UPI, will I get the 750 voucher? If not, which method is working fine for CC Bill pay for the 750 voucher?

 

[surojitLaha]

If I pay CC bills on Amazon using my Axis Liberty account UPI, will I get the 750 voucher? If not, which method is working fine for CC Bill pay for the 750 voucher?

C R E D

 

[qwert]

did cc bill pay still working for 750 spend criteria? on which platform if anyone knows?

 

[SSV]

did cc bill pay still working for 750 spend criteria? on which platform if anyone knows?

Yes, on CRED

 

[qwert]

Yes, on CRED

thanks, will pay by cred then. Did cred charges any fee for txn?

 

[SSV]

thanks, will pay by cred then. Did cred charges any fee for txn?

No.. use cred and Pay by upi using SBLBR account..
All the best

 

[AllThatStuff]

Anyone facing trxn. decline error on Amazon using Liberty DC??
Tried thrice...Axes CC has no clue...raised a complaint with resolution date 10 days!!

 

[soccer]

Card seems to work fine at AZ currently.

 

[AllThatStuff]

Card seems to work fine at AZ currently.

Yeah it went through went tried few hours later...seemed like a temporary glitch!!

 

[isthisme]

Just opened Liberty account. I want to know how do you guys spend 25k each month to maintain the AMC.

wallet add money via UPI?
also, how to get max benefits from this account.

 

[6ix9ine]

Just opened Liberty account. I want to know how do you guys spend 25k each month to maintain the AMC.

wallet add money via UPI?
also, how to get max benefits from this account.

I maintain 25K, because I don't trust axis.

As for your other queries, refer first post. You can do transactions as per the eligible MCCs mentioned.

For 5%, do transactions on weekends. Again check MCC as they are different from 750 GV one.

For 750 GV, you have 3 months quarter of April - May - June.

 

[stranger44]

No.. use cred and Pay by upi using SBLBR account..
All the best

Bro I pay cc bill from cred app by upi.
It shows P2M cred club transaction in account statement. I asked customer care does it count as a spend for liberty account. He told me no. (I didn't mention I pay bill).

 

[SSV]

Bro I pay cc bill from cred app by upi.
It shows P2M cred club transaction in account statement. I asked customer care does it count as a spend for liberty account. He told me no. (I didn't mention I pay bill).

Don't rely on CC executive..
I have been doing this for 18 months or so.. just rely on real-time experience of our members..
Have a nice day

 

[stranger44]

Don't rely on CC executive..
I have been doing this for 18 months or so.. just rely on real-time experience of our members..
Have a nice day

Thanks bro.
I am doing it for the first time so I don't know much.