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Axis Bank Liberty Savings Account Benefits

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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
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.

Screenshot_2024-02-02-21-29-44-415-edit_com.google.android.gm.jpg

★ Conditions:-

**Check the list of eligible MCCs for the Weekend 5% Cashback at the link below.** 👇

^Check the list of excluded spends/MCCs for the NMC waiver at the link below.^ 👇


Screenshot 2025-10-21 114516.webp


★ 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/
 
Last edited by 6ix9ine:
On Original Woohoo, they are using MCC 6540- Wallet via Paytm and Plural gateway

And via Payu Gateway, they are using MCC 5947- Gifts.

So, what payment options are you getting there ?

Payu Gateway or Wallets specifically Phonepe is available ?
Tried the HDFC CC method to find the MCC. Unfortunately, Rupay CC was not supported and I have only Neu Plus.

Performed a transaction using Liberty DC. The merchant name was ECOM PUR/QWIKCILVER S.

Any way to find the MCC code?
 
Then use this card for small txn. call customer care find the MCC

On Original Woohoo, they are using MCC 6540- Wallet via Paytm and Plural gateway

And via Payu Gateway, they are using MCC 5947- Gifts.

So, what payment options are you getting there ?

Payu Gateway or Wallets specifically Phonepe is available ?

Did a transaction using ICICI APAY Card and called customer care.

They confirmed that the MCC is 5947.
 
Sorry if it is already answered my axis liberty account activated today if i do credit card bill payment through cred upi and net banking will it count towards 25k nmc and eligible for 750 voucher?? Please help
 
Sorry if it is already answered my axis liberty account activated today if i do credit card bill payment through cred upi and net banking will it count towards 25k nmc and eligible for 750 voucher?? Please help
Sorry haven't used cred. Generally use paytm wallet load for this. Basically anything which shows P2M in the SMS / statement would count as far as I know.
 
Sorry if it is already answered my axis liberty account activated today if i do credit card bill payment through cred upi and net banking will it count towards 25k nmc and eligible for 750 voucher?? Please help
Yes.Every payment using UPI , Netbanking and Debit card to merchant it will count towards quarterly milestone.
Quarterly Milestone 60k spend
 
Will loading kotak 811 using Liberty netbanking/UPI/ debit card and loading PayTM wallet using Liberty netbanking/UPI/debit card count towards 25k monthly spend requirement? Also will it count towards quarterly 750 voucher?
 
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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
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