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

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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]

Need suggestions...

Majority of the members are present here, so posting in this thread rather than creating one.


Due to obvious TF Community effect and chull😂, I opened a lot of accounts for very little benefits and have already closed few of them.

As of now I hold:-
HDFC Classic Banking, SBI, IDFC Future First, Kotak 811, Axis Liberty & BOB

Now after piling up these accs, I have decided to close a few of them. SBI & HDFC are permanent ones so won't be closing them.

IDFC has no benefit other than 0 charges and 0 mab. Services are good. Was thinking of Axis but their changing tncs🤯. Service were decent enough.

Now suggest what others should I close. Want to keep these accs for long term usage and benefits. Want to reduce the accs to 3 or max 4

Keep
1)HDFC
2)SBI and
3) Axis Liberty

All others can go…

 

[sparkit]

Yes, I think so .. visit to branch required..

Today, I went to branch and they told me we cannot open two savings account for the same customer. But we can open another salary or current account. Since I opened the basic savings account just 5 months back I cannot even migrate to Liberty savings account. They told me to wait one month and then they can migrate it!

 

[varun__goel_]

Today, I went to branch and they told me we cannot open two savings account for the same customer. But we can open another salary or current account. Since I opened the basic savings account just 5 months back I cannot even migrate to Liberty savings account. They told me to wait one month and then they can migrate it!

Try a different branch

 

[sparkit]

Try a different branch

Okay, will try it and update here 🫡

 

[runzone]

It is just for joint maintenance of average balance.

You cannot get liberty dc or liberty account benefit in easy access account even if you link it under family group

I have a liberty account. I f I open a liberty account for my wife and then link it to my family banking. Do we need to maintain 25k separately or will joint maintenance be fine? Also, will she also get liberty account benefits?

 

[varun__goel_]

I have a liberty account. I f I open a liberty account for my wife and then link it to my family banking. Do we need to maintain 25k separately or will joint maintenance be fine? Also, will she also get liberty account benefits?

You will have to spend or maintain 25k/month on the primary member's account to avail nmc waiver on the family member's account.

Also, will she also get liberty account benefits?

Only when she seperately fulfill voucher/weekend cb eligibilty

 

[DimeEarner]

Ax*s removed spends analyser from My Money Tab 😂

 

[DimeEarner]

Can someone please tell me in start of this month I spent around 50K from Liberty dc should I need to maintain minimum 25K or I can make use it this month 0 AMB?? Please answer

 

[Deleted member 13721]

Can someone please tell me in start of this month I spent around 50K from Liberty dc should I need to maintain minimum 25K or I can make use it this month 0 AMB?? Please answer

Depends on where you spent. If it's on a merchant or paying bills, you don't have to maintain a minimum balance.

 

[varun__goel_]

Can someone please tell me in start of this month I spent around 50K from Liberty dc should I need to maintain minimum 25K or I can make use it this month 0 AMB?? Please answer

Merchant ? ?

 

[iampqq]

Need suggestions...

Majority of the members are present here, so posting in this thread rather than creating one.


Due to obvious TF Community effect and chull😂, I opened a lot of accounts for very little benefits and have already closed few of them.

As of now I hold:-
HDFC Classic Banking, SBI, IDFC Future First, Kotak 811, Axis Liberty & BOB

Now after piling up these accs, I have decided to close a few of them. SBI & HDFC are permanent ones so won't be closing them.

IDFC has no benefit other than 0 charges and 0 mab. Services are good. Was thinking of Axis but their changing tncs🤯. Service were decent enough.

Now suggest what others should I close. Want to keep these accs for long term usage and benefits. Want to reduce the accs to 3 or max 4

I got an glitch in idfc to get 400 amaz gc free
Will be sharing next month as testing phase 2 is going on

 

[DimeEarner]

Kotak Mahindra Bank fund add

 

[DimeEarner]

@VISHESH_BANSAL bhai iski kuch help krdo you knows how to tackle with these shity banks like Ax.*s bamboo things 😂😂 baaki Mera bhi Spendz prepaid account debit block hai 35066.97 Balance bhi hai Amazon pr fastag pay Kiya link failed ho gya then refund day Wale din block ho gya us timn 25K the account me 🤦

Kotak account debit freeze please help | DesiDime

Kotak account debit freeze please help at Others. -- Created at 06/03/2024, 122 Replies - Finance -- India's Fastest growing Online Shopping Community to find Hottest deals, Coupon codes and Freebies.

www.desidime.com

 

[DimeEarner]

Branch threatening to close the account otherwise leagle notice and IT and RBI also be reported this issue

 

[ashwinkashwink is verified member.]

Kotak Mahindra Bank fund add

Not eligible .

 

[Deleted member 2540]

@VISHESH_BANSAL bhai iski kuch help krdo you knows how to tackle with these shity banks like Ax.*s bamboo things 😂😂 baaki Mera bhi Spendz prepaid account debit block hai 35066.97 Balance bhi hai Amazon pr fastag pay Kiya link failed ho gya then refund day Wale din block ho gya us timn 25K the account me 🤦

Kotak account debit freeze please help | DesiDime

Kotak account debit freeze please help at Others. -- Created at 06/03/2024, 122 Replies - Finance -- India's Fastest growing Online Shopping Community to find Hottest deals, Coupon codes and Freebies.

www.desidime.com

Kya help.

He is soley responsible for his actions.

Kotak ne Clearly mention kiya hai Profile ke according txns Match ho rahi hai.

If you declared you are a student or a Low Income and using Savings Account as Current Account , very frequent txns of higher Amount , it is obvious Bank will Put debit Freeze to determine if txns are done by Account holder itself or a Third Party.

 

[sparkit]

Try a different branch

So I contacted Axis bank customer care live chat, and they arranged a call and told me creating second savings account is possible. I told them that branch is not allowing me to create the second account. Then he told me that try asking one more time and tell them ‘customer care team said opening second savings account is possible’, if they rejected it, the customer care team will file a complaint against their branch. So I contacted the branch and told the same thing. Within 30 mins they send their team to my home for account creation. And it’s done! Waiting for activation!

 

[Parallaxhal]

Do credit card payments still count towards monthly spending? I just opened this account and seeing all the messages about the revised charges have me confused.

 

[VasukiVasuki is verified member.]

Meri RM kamini si hai, pkka usne trigger kra hoga😂

Dm the number 🥸 . Maybe i can handle

 

[samm255]

Do credit card payments still count towards monthly spending? I just opened this account and seeing all the messages about the revised charges have me confused.

Avoid Mobikwik and Payzapp as they are tagging 6012 mcc which is in exclusion list now. Check exclusion list provided here what mcc are excluded now.