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/

 

[vasanth_ece]

@VISHESH_BANSAL Paytm Merchant account trick will work after Feb 29, for Debit card 5% cashback?,since they may close nodal account too.If so, Any other options for Debit card cashback?

 

[Juganta]

I am getting charged 600+ GST even after merchant spend of 25k in Dec23.

 

[Tejo]

I am getting charged 600+ GST even after merchant spend of 25k in Dec23.

@RBI_BO Bamboo ...

 

[Juganta]

@RBI_BO Bamboo ...

Raised complained to pno@axisbank.com now waiting for 30 days to move my complaint to RBI Bamboo😉

 

[Deleted member 2540]

I am getting charged 600+ GST even after merchant spend of 25k in Dec23.

What kind of spends you made ?

You did Bank Account Funding like Indus or Kotak ?

 

[varun__goel_]

I am getting charged 600+ GST even after merchant spend of 25k in Dec23.

Make sure it wasn't some kind of rotation😉

 

[Deleted member 2540]

@VISHESH_BANSAL Paytm Merchant account trick will work after Feb 29, for Debit card 5% cashback?,since they may close nodal account too.If so, Any other options for Debit card cashback?

Depends if Paytm is able to make changes at Backend or not before 29th Feb.

Technically they are required to change the QR code too from @paytm handle to their Partner's Bank Handle.

Time will tell , Fresh QR with New Bank may Require KYC and Verification again.

This time Fake Merchant Accounts may get Close🚫

 

[Juganta]

Make sure it wasn't some kind of rotation😉

It was CC bill payment on Mobikwik

 

[varun__goel_]

It was CC bill payment on Mobikwik

Then raise the complaint👍

 

[telescope]

I am getting charged 600+ GST even after merchant spend of 25k in Dec23.

Mode of payment netbanking, dc or UPI?

 

[Amit_]

It was CC bill payment on Mobikwik

Mobikwiks MCC is not stable. Once i paid credit card bill in mobikwik with idfc debit card when idfc was running 1% CB campaign on dc spends. I didn't receive 1% CB. When i called IDFC customer care they told me that it is showing funds transfer through debit card. so i didn't receive 1% CB.

 

[Juganta]

Mode of payment netbanking, dc or UPI?

Dc

Mode of payment netbanking, dc or UPI?

i used dc

 

[Raj_019]

I have recently upgraded my digital easy access account to regular Liberty savings account through my home branch. Can I get new Liberty debit card and cheque book along with welcome kit for upgrading or I have to apply these through branch/cc ???

 

[Amit_]

I have recently upgraded my digital easy access account to regular Liberty savings account through my home branch. Can I get new Liberty debit card and cheque book along with welcome kit for upgrading or I have to apply these through branch/cc ???

I think Liberty Debit Card will be dispatched through Blue Dart Courier. You can confirm it by calling to customer care.

 

[varun__goel_]

I have recently upgraded my digital easy access account to regular Liberty savings account through my home branch. Can I get new Liberty debit card and cheque book along with welcome kit for upgrading or I have to apply these through branch/cc ???

Upgrade the debit card from app. If by any chance liberty card does not appear in the option then call cc

There's no need of new cheque book if you already have one. Nothing special (branding) on it.

 

[Raj_019]

I think Liberty Debit Card will be dispatched through Blue Dart Courier. You can confirm it by calling to customer care.

Thank you

Upgrade the debit card from app. If by any chance liberty card does not appear in the option then call cc

There's no need of new cheque book if you already have one. Nothing special (branding) on it.

Yes in app it's not showing. I will have to call cc for upgrading Liberty debit card by blocking online rewards Debit card

 

[samm255]

Yes in app it's not showing. I will have to call cc for upgrading Liberty debit card by blocking online rewards Debit card

Wait one week and if you still didn't receive card then request from CC.

 

[anantnitish]

Did anyone received 500 cashback for transection done last month (5% weekend cashback) ?

 

[Aniket]

They don't give that 5% weekend.... Multiple people have confirmed here on this forum.... But yes they do give quaterly spend benefits...

U can also fulfill the criteria by transferring money to your own paytm/phone merchant account... Or by adding money in paytm wallet using liberty debit card... Or by adding money uaing axis netbanking /debit card in kotak 811/indusind bank

@Batmanbaba Steps or Procedures? How to add money in Kotak 811 from Debit Card?

I am not seeing any option under Service Request (Debit Card).😐

 

[Iam₹K$]

@Batmanbaba Steps or Procedures? How to add money in Kotak 811 from Debit Card?

In kotak app, click on 811 section, you will be able to see "add money" option, upon clicking ,three modes of payment will be given, select dc, enter your liberty dc details and add money