Categories: Banking

Axis Bank introduced ‘Liberty Savings Account’ for the Indian Youth

Axis Bank has introduced ‘Liberty Savings Account’ for the Indian Youth, to address the ever-changing lifestyle needs of young and digitally interested Indians. It offers a complimentary hospital cash insurance cover of up to Rs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic. This account targets to meet the lifestyle requirements of the working class that falls under 35 years of age.

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Features of the Liberty Savings Account

Minimum Balance: It allows customers to maintain a minimum balance of Rs 25,000 per month or spend the same amount each month on lifestyle needs through the Liberty debit card or savings account (via NetBanking, Axis Mobile or UPI- Unified Payments Interface).
Annual Savings & Lounge Benefit: It offers annual savings amounting to Rs 15,000. It also offers 4 complimentary airport lounge access in 1 year.
CashBack & Gift Vouchers: It offers 5% cashback on Debit card spends across Food, Entertainment, Shopping & Travel and gift Vouchers.

Important takeaways for all competitive exams:

Axis Bank Headquarters: Mumbai, Maharashtra
Axis Bank MD and CEO: Amitabh Chaudhry
Axis Bank Tagline: Badhti Ka naam Zindagi.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.