Product Details
Bank Name
Axis Bank
Account Name
Axis Liberty Savings Account
Account Type
Savings Account
Interest Rate
Less than Rs. 50 Lakh-3.00% p.a. and Rs. 50 Lakh and up to less than Rs. 800 Crs-3.50% p.a..
Free Debit Card
No,
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of Rs. 25,000.
Debit Card Charges
Liberty Debit Card, Rs. 200
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Axis Liberty Savings Account
Special Features
Flexibility to maintain account by either having a monthly average balance of ₹25,000 or spending ₹25,000 from Liberty account in a month.
Weekend fun is achieved by earning a flat 5% cashback over food, entertainment, shopping, or travel expenses via a debit card.
Users can enjoy up to 15% discount on dining across India with 10000+ partner restaurants using your Liberty debit card.
On spending ₹60,000 in a quarter, user can choose a gift voucher worth ₹750 of your choice from Amazon, Ola, Croma, Spencers, Lifestyle and more.
Flat 5% cashback on Debit Card ,Quarterly Gift Voucher of Rs. 750,Annual Savings worth Rs. 15,000, personal accident cover of upto Rs 5 lakh and Air Accident of Rs.1 crore.
Eligibility Criteria
An individual residing in India.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Flat 5% cashback on Debit Card ,Quarterly Gift Voucher of Rs. 750,Annual Savings worth Rs. 15,000, personal accident cover of upto Rs 5 lakh and Air Accident of Rs.1 crore.
1 EDGE reward point on every ₹200 spent on domestic and international transactions.
Benefit like a higher number of free transactions at any bank ATM, along with unlimited free NEFT and RTGS transactions and DD/PO.
Daily ATM withdrawal limit of ₹50,000 and purchase limit of ₹3 lakhs.
Flexibility to maintain account by either having a monthly average balance of ₹25,000 or spending ₹25,000 from Liberty account in a month.
Weekend fun is achieved by earning a flat 5% cashback over food, entertainment, shopping, or travel expenses via a debit card.
Users can enjoy up to 15% discount on dining across India with 10000+ partner restaurants using your Liberty debit card.
On spending ₹60,000 in a quarter, user can choose a gift voucher worth ₹750 of your choice from Amazon, Ola, Croma, Spencers, Lifestyle and more.
Cons
Low intreast rate.
High Average Monthly Balance (AMB) requirements.
Axis Liberty Savings Account
The account comes loaded with a number of value add features. The only disappointing part is the low interest rate.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Verify your identity using PAN and Aadhaar.
Provide your information.
Fulfill your KYC requirements through a video call.
Deposit funds into your account.