Axis Bank Corporate Net Banking

Axis Bank provides you a host of banking services for your business. It’s user-friendly and secured internet banking facilities add value to the businesses. One can carry out several business transactions in reduced time and efforts. With Axis Bank corporate internet banking, one can carry out bulk transactions like salary disbursement, vendor payments and channel partner payment with a single file upload. Tax payments can be done with utmost ease and instant receipt for the payment made can also be availed. In all, Axis Bank corporate internet banking helps reduce paperwork and enables you to remain result oriented.

View Account Balance information	Fixed Deposit Opening and management	Dealer Debit	Customizable Approval
View and Download Account Statements	Salary Upload	NEFT, RTGS fund transfer	Multiple Access Levels
Avail Account statement by Email	Fund Transfer to own accounts	Merchant Transactions	Customizable Transaction Roles
New Cheque book request and stop payment of the cheque	Fund Transfer to Other Bank account	Tax Payment	‘NETSECURE’ for security and safety of your account

Axis Bank Corporate Net Banking service is carefully crafted to suit business needs. It gives one the agility to meet business expectations with the highest standards of safety and security. It aims to carry out several business transactions with minimum possible time and effort.

 

Account Details	·         View account related information on a real-time basis. ·         Know your account balance ·         Download account statement
Fund Transfer	·         Fund transfer to own accounts ·         Fund transfer to other bank account ·         Real-time status update of fund transfer
Tax Payment	·         Pay your direct and indirect tax ·         Tax payment to the state and central government ·         Generate tax challans instantly and save securely
Salary Upload	·         Process the salary with single file upload ·         Simple Upload format ·         Save time to make individual payments
Dealer Debit	·         Pool the funds from all dealers in your account ·         Save your company’s time and dealers’ time from several transactions and paperwork ·         One time authorization works for periodic and multiple transactions
Investment Services	·         View entire portfolio in a single screen ·         Apply for IPO

• Any non-individual entity can access services of Axis Bank corporate internet banking if they have an existing relationship with the bank.
• You can approach the bank with your current account details to avail the facility.
• Based on the type of access needed, submit the required documents.
• You can apply as “Authorised Signatory User” or “Non Authorised Signatory User” based on your organization’s mandate. You can apply for “View Access” or “Transaction Access” under each user category.
• Upon receipt of documents, Axis Bank processes your request within three working days.
• You shall be notified by SMS about the activation of your services. You can avail your corporate ID, user ID, and initial passwords.
• With the above user ID and password, you can log in to the services of Axis Bank Corporate Net Banking.
• It is recommended to change the initial password of your choice once you login first time to Axis Bank corporate net banking.

Axis Bank corporate net banking transactions are meant for safe, authorized and speedy execution of multiple transactions in a day. You can perform and track the transactions carried out by your organization. Below details are noteworthy about transactions under Axis Bank Corporate Net Banking:

Types of Transactions

You can perform various types of transactions through Axis Bank corporate net banking services. The main transactions are listed as below:

• Axis Bank to Axis Bank transactions
• IMPS
• RTGS
• NEFT
• Tax Payment
• Shopping Mall Transactions
• Salary Upload

Transaction Status

• Transactions made through Axis Bank corporate net banking can be tracked under transaction history.
• You can log in to internet banking website and click on Payments and Transaction status inquiry.
• You can enter a necessary date range, and other search criteria and status will be displayed on the screen.
• You can also contact corporate customer care to know the status of your transactions made.

Schedule a Transaction

• It is easy to schedule future transactions by entering a future date in the transactions.
• The transactions will be executed on the date mentioned in the transaction, subject to available balance and due authorization.
• Such a feature enables you to plan the future transactions and keeps you worry-free on the date of payment.

Transaction Controls

Axis Bank provides several controls upon your transactions keeping the view of dynamic business needs. Below is a list of transaction controls you can enjoy through Axis Bank corporate net banking services:

Transaction Control Type	Expected Results
Stop Transaction	If the transaction is already approved, it stops the same.
Recall Transaction	Before final approval approves the same, you can recall the transaction.
Modify Transaction	You can modify the transaction that is already approved.
Copy Transaction	If you want to repeat the previous transaction, you can use “Copy Transaction” to save time
Set As Favourite Transaction	If you expect to perform similar transaction again in future, you can set it as “Favourite.”

Salary Upload

• You can upload your salary file to Axis Bank corporate net banking website on a 24×7
• The batches of salary upload run every 30 minutes.
• You can prepare an excel sheet and convert it to a text file as mentioned on the Axis Bank portal.

Tax Payment

• Through Axis Bank corporate net banking website, you can make two types of central government taxes: CBDT and CBEC.
• You can make various state government taxes as well through Axis Bank corporate net banking facility.
• The original challan is instantly generated after you pay taxes.
• In case you want to access earlier tax paid challans, you can download duplicate challans anytime from the Axis Bank corporate net banking facility.

• The secrecy of password for each user is the prime requirement to keep your Axis Bank corporate banking safe.
• Kindly advise every user of your organization to change their passwords regularly.
• There are protocols to generate safe passwords like minimum length, a combination of letters, numbers and special characters. You can read and follow the protocols mentioned on Axis Bank’s website.
• Never share your passwords but memorize it.
• As far as possible, avoid using shared computers to log in your Axis Bank corporate net banking. In case you have to access it, you can use “Virtual Keyboard” feature to type your username and password in a shared It will prevent the theft due to keystroke recording activity on the unknown computer. Moreover, you can consider changing the password after you use it at a shared or public computer.
• Once you are done with the transaction through Axis Bank corporate net banking, always keep a habit to “Logout,” and close the browser immediately. Never leave your computer desk before this task.
• Make sure your computer system is updated with the latest firewall and anti-virus settings.
• Nowadays phishing attacks are very common to steal your information through email, SMS and direct phone calls. Never respond to such communications and keep your account guarded. You can notify Axis Bank corporate care staff incase you come across any such incidents.

How can I get my user ID and password if I am a new member of the organization?

Your organization needs to submit an application to open new user ID and accounts to be linked under your user ID. Moreover, your official email id and mobile number must be mentioned in CIBF (Corporate Internet Banking Form) of Axis Bank. Once your CIBF is processed, you will receive details of your login credentials on your mobile and official email id.

How can I avail better financial control in Axis Bank corporate net banking?

Axis Bank corporate net banking provides “maker-checker” process. You can assign different roles to different user IDs to create and check the transaction. The transaction will be executed only when it is prepared and checked properly by two different persons.

What are the approval levels in Axis Bank Corporate Net Banking?

Depending upon type and amount of transaction, you can create different levels of approvals for each transaction. For example, if the transaction amount above Rs. 1 Lakh, it requires two approvals; the transaction will not be executed until both approvers accept the transaction.

Why do I get the message of “Locked” access?

If you enter wthe rong password multiple times, the system locks the access. For login password, when you enter wrong passwords five times continuously, your access is locked for that calendar day. For a transaction password, it gets locked after entering the wrong password ten times a day. Next calendar day access shall be granted without any process on your part. If you need access on the same day, you have to approach the bank.