Liberty Digital Savings Account

What is Liberty Digital Savings Account?

Axis Bank Liberty Digital Savings Account is a digital savings account which gives you the best of both worlds, i.e., flexibility and lifestyle bonuses. Unlike a standard savings account in India, it allows users to retain eligibility by maintaining an Average Monthly Balance (AMB), meeting monthly spend criteria or investing in a fixed deposit. The account comes with digital banking ease, cashback on weekend shopping, reward points and family banking benefits.

Customers can also get normal banking services like Axis Bank balance check, mini statement, cash transfers and mobile banking via the app and online banking platform.

Features and Benefits of Liberty Digital Savings Account

The Liberty Digital Savings Account gives you the flexibility of banking with cashback, benefits and useful digital services.

• Flexible Balance Options: Hold a minimum account balance of ₹25,000 or spend ₹25,000 per month or hold a fixed deposit of ₹1 lakh for 12 months and above.
• Weekend Cashback: Earn 5% cashback on qualified weekend spend on food, shopping, travel and entertainment.
• Shopping Offers: Get 25% Cashback on Ajio and Flipkart Grab deals.
• Family benefits: Add up to three family members and receive qualifying Axis Bank savings account benefits.
• EDGE Rewards: Get reward points for every ₹200 spent on a debit card.
• Digital Banking: With mobile and internet banking, you can check your account balance, get an Axis Bank mini statement, do UPI, pay your bills and transfer funds.

Eligibility or Documents Required for Liberty Digital Savings Account

Applicants should meet all the eligibility criteria and provide the necessary KYC documents in order to open a Liberty Digital Savings Account successfully.

1. Eligibility

   • Applicant should be an Indian citizen.
   • Must have a valid PAN Card.
   • Aadhaar card must be valid and linked with PAN.

2. Documents Required

   • PAN card
   • Aadhaar card
   • Mobile number linked with Aadhaar
   • Recent photograph (if required during KYC)
   • Any additional documents requested during the verification

How to Open Liberty Digital Savings Account

All customers who want to open Liberty Digital Axis Bank Savings Account online can follow the simple steps:

• Identity Verification: Begin by verifying your identity with PAN and Aadhaar.
• Application Details: Fill in your personal details in the online application form.
• Video KYC: Complete your Video Know Your Customer (Video KYC) process in a secure video conversation.
• Initial Funding Deposit: Deposit ₹25,000 to activate your account with initial funding.

Fees and Charges for Liberty Digital Savings Account

The table below summarises the key charges and minimum balance requirements for the savings account to help customers understand the initial funding, minimum balance requirements, debit card fees and other applicable banking fees.