Questions to the users of Axis liberty account / indusind max active account holders..??

[Batmanbaba]

We know that both accounts come with a different way of keeping yourself away from MAB charges.... Either you keep 25000 in account or you spend 25000 per month...

My question is...

1. Do adding money in paytm via debit card qualifies as merchant spends.... As we can add money via debit card in paytm and transfer back for free ( we can add 25k and transfer back for free in account back)

2. Do upi transfer to paytm or any merchant account.... Preferably yours own account.... Count as upi merchant transaction....?? ( also we can transfer upto 50k free without any hassles in paytm merchant qr code) it gets settled in 1-2 days in bank accounts in paytm


Anybody tried the above methods.... And able to keep their accounts running without actual spends.... And able to not get MAB charges deducted..???

 

[ashwinkashwink is verified member.]

Really no minimum balance charges applicable for spending on 25k or more.?

 

[TheTrickySid]

Really no minimum balance charges applicable for spending on 25k or more.?

Yes

 

[ashwinkashwink is verified member.]

Yes

Any specific t&c or capping for particular merchants.?

 

[TheTrickySid]

Any specific t&c or capping for particular merchants.?

You can checkout the website for more details

 

[Gaurav_G]

Any specific t&c or capping for particular merchants.?

Nope all merchants are included

 

[Gaurav_G]

The answer to both your questions are yes. But is there any noticeable benefit of liberty account?

 

[ashwinkashwink is verified member.]

Anyone using Indusind Bank Max Active Account?

 

[Rohan]

We know that both accounts come with a different way of keeping yourself away from MAB charges.... Either you keep 25000 in account or you spend 25000 per month...

My question is...

1. Do adding money in paytm via debit card qualifies as merchant spends.... As we can add money via debit card in paytm and transfer back for free ( we can add 25k and transfer back for free in account back)

2. Do upi transfer to paytm or any merchant account.... Preferably yours own account.... Count as upi merchant transaction....?? ( also we can transfer upto 50k free without any hassles in paytm merchant qr code) it gets settled in 1-2 days in bank accounts in paytm


Anybody tried the above methods.... And able to keep their accounts running without actual spends.... And able to not get MAB charges deducted..???

Every month After paying credit card bills using HDFC Bill pay, Jupiter, etc. Left credit card bill I pay using Axis liberty debit, Netbanking by Cheq. In some cases I pay to my Bhartpe QR Code, Add to amzonpay and it counts.