Fund Transferring Through RTGS & NEFT of Axis Bank

Axis Bank are the first private sector bank authorized by Reserve Bank of India [RBI]. Axis Bank are well known in serving great service for their customers. Now, Axis Bank are third largest private sector bank in India with more than 4000 branches and 11000+ ATM’s. Every Axis Bank account holder must submit RTGS/NEFT Form for transferring of money from one account to another. You can also avail RTGS/NEFT service through Axis Bank internet banking also. But, most of bank account holders are choosing traditional way of transferring money by filling and submitting RTGS/NEFT Form at their Axis Bank branch.

Axis Bank RTGS/NEFT Facility:

As you know Real-Time Gross Settlement [RTGS] & National Electronic Funds Transfer [NEFT] are two methods of money transferring between accounts, which is widely using on all banks under RBI in India. Axis Bank have best system to transferring amount via RTGS & NEFT. You can read more details about Axis Bank RTGS & NEFT below. Eligibility of transfering money through RTGS & NEFT is that the applicant must have bank account in Axis Bank. The applicant must submit cheque leaf with RTGS transfer application. Cheque leaf may not required with NEFT application

Axis Bank RTGS Facility

Real-Time Gross Settlement [RTGS] are using to transfer bulk amount between bank accounts in India. An Axis Bank account holder can transfer money towards bank account of any bank under Reserve Bank of India [RBI] by using RTGS facility. RTGS service of Axis Bank are reliable and best among private sector banks in India.

Limit of Axis Bank RTGS:

There have a minimum limit of Two Lakh for Axis Bank Real-Time Gross Settlement [RTGS]. Since, there have no maximum limit, you can transfer bulk money between bank accounts by using Axis Bank RTGS facility.

Timing of Axis Bank RTGS:

An Axis Bank account holder can submit application for RTGS within banking hours. Now, all bank banks will work from Monday to Saturday except second & fourth Saturdays. The working hours of Axis Bank are from 10:00 AM to 03:30 PM.

Charges of Axis Bank RTGS Transactions:

Transaction AmountCharge
From Rs. 2 to 5 lakh₹25 for a transaction
More than Rs. 5 lakh₹50 for a transaction

Axis Bank NEFT Facility

National Electronic Funds Transfer [NEFT] are reliable way to transfer money between accounts in India. You will get an idea about Axis Bank RTGS from the information given below.

Timing of Axis Bank NEFT:

There have no specified time to submit an application for Axis Bank NEFT. So, NEFT Facility is available in all Axis Bank branches on all bank working days from 10:00 AM to 03:30 PM.

Limit of Axis Bank NEFT:

As per rule of Reserve Bank of India [RBI], the money transfer up to 2 lakhs will be referred as NEFT transactions. Transfer of more than 2 lakhs known as RTGS transactions.

Charge of Axis Bank NEFT Transaction:

The NEFT charges will different on each banks under RBI. The Axis Bank NEFT charges are following.

Transaction AmountCharge
up to ₹10,000 ₹ 2.50 for a transaction
From ₹ 10,001 to ₹ 100,000 ₹ 5 for a transaction
From ₹ 100,001 to ₹ 200,000 ₹ 15 for a transaction
₹ 200,000 ₹ 25 for a transaction

How to Fill Axis Bank RTGS & NEFT Form:

Axis bank divided RTGS/NEFT form to three parts, as you can see in image preview given above. These three sections are:

  • Remitter details
  • Beneficiary details
  • Payment details

Instructions to fill Remitter Details:

  • Name of applicant: Name of Axis bank account holder, who doing this transaction.
  • Remitter address: Address of Axis bank account holder, who doing this RTGS/NEFT.
  • Contact number: Mobile number of applicant.
  • E mail ID: E mail id of applicant.

Instructions to fill Beneficiary details:

You must fill this information carefully. Wrong details may lead to failure and delay of transaction.

  • Name: Name of the beneficiary account holder.
  • Account number: account number to credit money.
  • IFSC Code: Refer bank passbook of beneficiary to know ifsc code of their branch. You can also check on internet if you know their branch name.
  • Mobile number of beneficiary
  • Amount: amount you wish to transfer through RTGS or NEFT.

Instructions to fill Payment Details:

  • Cheque no.: Number of cheque you are submitting with transfer application.
  • Amount: transfer amount
  • Axis Bank account number
  • Signature

You must fill every details carefully and we are requesting to double-check each and every details before submission. You can submit application at your branch with cheque specified with transfer amount.

Online facility to Transfer Money:

Axis Bank have internet banking system to do RTGS and NEFT transfers through online. In india, visiting a branch may be very time consuming. You can use Axis Bank internet banking service, if you like to save time of traveling to a branch. Axis bank account holder must activate internet banking service on their accounts to do online RTGS, NEFT transfers.


FAQ

  1. How long does it take to transfer money through NEFT in Axis bank?

    The settlement of NEFT will process in half hour basis. There have no real time settlement. Naturally, the money will credit on beneficiary account within maximum one hour.

  2. What are the charges for NEFT in Axis bank?

    The Axis Bank charge will vary with transfer amount. The minimum charge will be ₹ 2.50 and maximum charge will be ₹25.

  3. How much time does a Axis Bank NEFT transfer take?

    Commonly, the NEFT transfer amount will credit on beneficiary account within one hour. It may take up to 24 hours if there have any complications in NEFT.

  4. How can I do RTGS in Axis bank?

    Visit nearest branch of axis bank and get RTGS form there. Then fill it with Remitter, Beneficiary & Payment details. Then submit form with cheque in the bank counter.

  5. What is the RTGS limit in Axis bank?

    There have no maximum limit for Axis Bank RTGS transactions. The minimum limit of Axis Bank RTGS are 2 Lakhs.

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