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 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/

 

[cooldude74]

@6ix9ine spends done on 15th Nov will also be considered for Quarterly GV right?

Can you share this pdf file?

Isn't the PDF already shared in one of the previous posts?

Anyway, attaching it here for your perusal.

 

[soccer]

Took blinkit coz APay wasn't working.

However looks like Blinkit is a bit convoluted to use- you need it to add it in the coupons section after choosing a product.

I thought it would be directly add to wallet in one go and then use as you want. But add to gift card section has a pin required, and these vouchers don't have any pin.

 

[BhaiyaJi]

Took blinkit coz APay wasn't working.

However looks like Blinkit is a bit convoluted to use- you need it to add it in the coupons section after choosing a product.

I thought it would be directly add to wallet in one go and then use as you want. But add to gift card section has a pin required, and these vouchers don't have any pin.

Yeah they are one time use coupon codes and not gift cards.

 

[456]

Anyone complaint axis for getting error on Amazon pay gift voucher?

 

[SSV]

Anyone complaint axis for getting error on Amazon pay gift voucher?

I think it is a temporary issue...it will be resolved in due course

 

[6ix9ine]

@6ix9ine spends done on 15th Nov will also be considered for Quarterly GV right?

Can you share this pdf file?

First post has updated T&C pdf, you can save that file.

 

[nkshrma]

I think the APAY problem is with gyftr not axis. I had gotten a 1500 voucher from hdfc. Apay showed similar problem so got the Amazon shopping voucher.
Today with liberty same problem occurred so got the Flipkart one.

 

[gareebboy]

I am thinking to convert my Axis ASAP saving account into Liberty... since MAB is not an issue for me so is it a good option and now the 750 quaterly reward is discontinues so is it worth converting??...I use cc for any payment so 5% cb is not much useful but want a good secondary saving account after my primiary HDFC.

 

[6ix9ine]

I am thinking to convert my Axis ASAP saving account into Liberty... since MAB is not an issue for me so is it a good option and now the 750 quaterly reward is discontinues so is it worth converting??...I use cc for any payment so 5% cb is not much useful but want a good secondary saving account after my primiary HDFC.

No point in converting, useless for you. Your 25K will be stuck unnecessarily.

 

[RichieRich]

No point in converting, useless for you. Your 25K will be stuck unnecessarily.

Any option of downgrading ? 5k to 10k mab ?

 

[some1anywhere]

I am thinking to convert my Axis ASAP saving account into Liberty... since MAB is not an issue for me so is it a good option and now the 750 quaterly reward is discontinues so is it worth converting??...I use cc for any payment so 5% cb is not much useful but want a good secondary saving account after my primiary HDFC.

Axis Liberty is now 25K MAB without 750 voucher benefit, DC only 5% up to ₹500 ONLY ON WEEKENDS and select MCCs (Food, Entertainment, Travel, Shopping categories), and tracking of DC rewards is so bad that often we have follow up and ask to credit correct cashback despite perfectly eligible txn on valid MCC. They took more than a month just to report to me the MCC of a weekend txn done using Liberty DC and then another 15 days to conclude txn was eligible for 5% up to ₹500 cashback. So Sept weekend txn cashback credited in Nov. That's 🪓 Axsh!t 💩 for you.

Kotak 811 Super is 0 MAB, just have to deposit 10K once a month then you can spend it or move it out and DC gives same 5% up to ₹500 but more MCCs supported than Axis Liberty despite many exclusions, plus any day, no weekend-only nonsense.

 

[Dr.AMAN]

I am thinking to convert my Axis ASAP saving account into Liberty... since MAB is not an issue for me so is it a good option and now the 750 quaterly reward is discontinues so is it worth converting??...I use cc for any payment so 5% cb is not much useful but want a good secondary saving account after my primiary HDFC.

If at all u want to upgrade ASAP account then upgrade it to Axis Easy access SA with 12k mab. It doesnt have limitations like ASAP account and u can transact freely. Been using it for 2 yrs without any issue. No SMS/other consolidated charges deducted till now. Only debit card AMC charged.

 

[6ix9ine]

Any option of downgrading ? 5k to 10k mab ?

Sorry bro, I don't think axis has it and even if there is I know only 1 account which Aman mentioned above, and then of course upper products like liberty, prestige etc.

 

[frugalSr]

Guys im a noob to this liberty account.. i have axis priority salary account... let me know if its worth to convert to liberty salary account so i can get the cashbacks for weekend spends... considering the devaluation where the quarterly cashback is stopped do you think its worth considering to coverting to liberty? also those who are using this card, can you confirm if you are able to get the weekend Rs500 cashback for the jewellery scheme purchase payment as thats where im planning to use this card?

 

[456]

Guys im a noob to this liberty account.. i have axis priority salary account... let me know if its worth to convert to liberty salary account so i can get the cashbacks for weekend spends... considering the devaluation where the quarterly cashback is stopped do you think its worth considering to coverting to liberty? also those who are using this card, can you confirm if you are able to get the weekend Rs500 cashback for the jewellery scheme purchase payment as thats where im planning to use this card?

I don't know it is convertible or not, but if your jewellery scheme has these 2 mcc than it will be eligible - 5944,5094

 

[Rohith-2009]

Are we getting 5% cashback on buying gift card from flipkart?

 

[Rohith-2009]

If MCC is 5947.

Do you know the merchant name which has this mcc

 

[frugalSr]

I don't know it is convertible or not, but if your jewellery scheme has these 2 mcc than it will be eligible - 5944,5094

yes it is convertible asper the email i hvae from the customer care, but looks like priority to liberty is a downgrade for the account. but still i dont see any value which i have really benefitted for the last one year every since it was moved to axis preiority, earlier i was with citibank.

 

[Jatayu]

Unable to redeem Agv of this 750 Liberty upi Gv. Should I switch to Flipkart. Anyways I think it will be the last one.

 

[6ix9ine]

yes it is convertible asper the email i hvae from the customer care, but looks like priority to liberty is a downgrade for the account. but still i dont see any value which i have really benefitted for the last one year every since it was moved to axis preiority, earlier i was with citibank.

That's a downgrade on a paper level also you won't get 5% weekend cashback since you are migrated user as you mentioned.

Weekend cashback is not applicable for those users and quarterly voucher is finished. So, better move to other banks.