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/

 

[Dexter123]

MCC 6012 is excluded too 🤭

Ok
How do you know this MCC?
Is there a way to know what MCC are excluded and included?
How do I find what is the MCC for a particular transaction?
Where can I keep spending for CC Bill payment to keep account balance zero?
And
Finally can I get these charges reversed?

 

[Deleted member 2540]

Yehi hai na

Ladai ki jad

MCC 6540 exclude karna bhul gaye.

Koi hai jisne 6540 pe ki ho txn ?

Agar Vocuher nhi diya toh RBI BO se Mast maal chaap sakta hai woh🤑

 

[Karan.]

MCC 6540 exclude karna bhul gaye.

Koi hai jisne 6540 pe ki ho txn ?

Agar Vocuher nhi diya toh RBI BO se Mast maal chaap sakta hai woh🤑

Haan mujhe yaad hai

Bataya tha apne

Amazon/Slice/Paym/Phonepe.

6540 hai

 

[Deleted member 2540]

Haan mujhe yaad hai

Bataya tha apne

Agar Amendment aaya PDF m 6540 ka toh samjh jayege kisi ne RBI BO ke VIa Axis se Maal niklwa liya hai🤣

 

[NShah]

MCC 6540 exclude karna bhul gaye

Kisi bande comment Kiya tha ki 6540 exclude bataya hai axis pno ne
Abhi wo comment find kar rah hu but mil nahi Raha

 

[krishc]

Yehi hai na

Ladai ki jad

anyone knows CRED MCC

 

[sm9811911]

MCC 6540 exclude karna bhul gaye.

Koi hai jisne 6540 pe ki ho txn ?

Agar Vocuher nhi diya toh RBI BO se Mast maal chaap sakta hai woh🤑

ye list toh vaise bhi quarterly voucher ki h. Nmc ki list ni ayi h na, so uske liye b koi lad sakta h jiske pass time ho.

But for other 99% who want to avoid issues, just use other avenues with Utility or toll mcc etc.

 

[varun__goel_]

@varun__goel_ Prakash daliye 🤣

Agar Hum Kare to Kare Kya
Bole to Bole Kya


4 months ho gye is kaand ko to, bhaiyaji was unaware....🥸

Baaki mujhe kya, mein to mast 1 app se loot rha hu abhi bhi Liberty ko....💀

 

[Deleted member 2540]

ye list toh vaise bhi quarterly voucher ki h. Nmc ki list ni ayi h na, so uske liye b koi lad sakta h jiske pass time ho.

Correct. If Axis deny Reversal then It is a Winning Case, Just a little bit effort to Draft the Complaint Properly.

But for other 99% who want to avoid issues, just use other avenues with Utility or toll mcc etc.

As per PDF only DC txns on selected MCCs are excluded.

I did txns via UPI on Same Excluded MCCs.

If I do not received the Quarterly GV then Once Again , Axis Will undergo a Surgery😂

 

[sm9811911]

Correct. If Axis deny Reversal then It is a Winning Case, Just a little bit effort to Draft the Complaint Properly.

As per PDF only DC txns on selected MCCs are excluded.

I did txns via UPI on Same Excluded MCCs.

If I did not received Quarterly GV then Once Again , Axis Will undergo a Surgery😂

You’re not a lawyer, right? You would have done so well in law. You’re across every loophole

 

[Deleted member 2540]

You’re not a lawyer, right?

Aisi Compalints ke LLB ki degree thodi chayie😂

You would have done so well in law. You’re across every loophole

This is Actually Loophole.

Axis Proved Once Again Dil se Open, Dimaag se Closed.😂

 

[shivamk]

Agar Hum Kare to Kare Kya
Bole to Bole Kya


4 months ho gye is kaand ko to, bhaiyaji was unaware....🥸

Baaki mujhe kya, mein to mast 1 app se loot rha hu abhi bhi Liberty ko....💀

Ye app humko bhi jaanni hai

 

[iamabhisekagar]

Went to my branch today for some work... informed the manager that I will close the account end of this month....manager offered me to convert it into Basic Savings Account...🤣

 

[Anil_SinghAnil_Singh is verified member.]

@VISHESH_BANSAL Axis has no way for getting UPI MCC? Check screenshots.

 

[Deleted member 2540]

@VISHESH_BANSAL Axis has no way for getting UPI MCC? Check screenshots.

Twitter DM pe phucho.

Yeh 1st Level pe 1st Class Ke students bhaitha rakhe hai😂

Kya soch ke 1st level ko Mail kiya😂

 

[varun__goel_]

Twitter DM pe phucho.

Yeh 1st Level pe 1st Class Ke students bhaitha rakhe hai😂

Kya soch ke 1st level ko Mail kiya😂

1st Class bhi nhi, doodh pite bache hai...🤡

 

[varun__goel_]

Went to my branch today for some work... informed the manager that I will close the account end of this month....manager offered me to convert it into Basic Savings Account...🤣

Have you converted?

And are there any limitations in this account?

 

[iamabhisekagar]

Have you converted?

And are there any limitations in this account?

Pehle 750 ka gv to aane do...

As notified in Govt of India notification dated December 16, 2010, BSBDA-Small Accounts would be subject to the following conditions:

Total credits in such accounts should not exceed one lakh rupees in a year.

Maximum balance in the account should not exceed fifty thousand rupees at any time

The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month

Remittances from abroad can not be credited to Small Accounts without completing normal KYC formalities

Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document.

Small Accounts can only be opened at CBS linked branches of banks or at such branches where it is possible to manually monitor the fulfilment of the conditions.

 

[varun__goel_]

Pehle 750 ka gv to aane do...

As notified in Govt of India notification dated December 16, 2010, BSBDA-Small Accounts would be subject to the following conditions:

Total credits in such accounts should not exceed one lakh rupees in a year.

Maximum balance in the account should not exceed fifty thousand rupees at any time

The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month

Remittances from abroad can not be credited to Small Accounts without completing normal KYC formalities

Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document.

Small Accounts can only be opened at CBS linked branches of banks or at such branches where it is possible to manually monitor the fulfilment of the conditions.

Phir to kisi kaam ka nhi

Band hi hoga account

Ya SBEZY - Rural m transfer

 

[Anil_SinghAnil_Singh is verified member.]

Phir to kisi kaam ka nhi

Band hi hoga account

Ya SBEZY - Rural m transfer

I will also take decision soon. Not worth the effort for 250/month.