Axis Bank NEFT Form, Charges, Transfer, Timings, Credit Card Payment

Following the directions from the Reserve Bank of India (RBI), Axis Bank levies no charges on NEFT and RTGS transactions initiated online through internet banking or mobile banking app. Nonetheless, a nominal amount is charged on NEFT transactions done by the customer at the bank branch. Here are the particulars:

Transaction Amount	NEFT Charges from Branch per Transaction	NEFT Charges for Net Banking
Up to Rs. 10,000	Rs. 2.50	NIL
Above Rs. 10,001 to Rs. 1,00,00	Rs. 5.00	NIL
Above Rs. 1,00,00 to Rs. 2,00,000	Rs. 15.00	NIL
Above Rs. 2,00,000	Rs. 25.00	NIL

Below mentioned is the information required to process NEFT in Axis Bank by the remitter:

• Beneficiary’s name
• Beneficiary’s branch name
• Beneficiary’s bank name
• Beneficiary’s account type
• Beneficiary’s account number
• Beneficiary’s branch IFSC

Following are the steps to carry out fund transfer using NEFT from Axis Bank account to any other bank account:

Step 1: Log in to your net banking account

Step 2: On the main page, you will see an option for ‘Fund Transfer’

Step 3: Select NEFT from the drop-down menu

Step 4: You need to add the beneficiary if you haven’t already to your account to process the fund transfer. To add the beneficiary, enter all the details of the beneficiary such as name, account number, IFSC, etc.

Step 5: Click to confirm and add

Step 6: An OTP will be sent to your registered mobile number to authenticate the transaction

Step 7: The beneficiary would be added to your account within 24 hours

Step 8: Once the beneficiary is added to your account, you can send money to the beneficiary. Add the amount that needs to be transferred.

Step 9: Click on confirm to transfer the amount from your bank account to the beneficiary’s bank account

It is very easy to register a beneficiary for an NEFT transaction. An account holder can follow the below-mentioned steps to register a beneficiary in Axis Bank:

Step 1: Log in to Axis Bank internet banking and provide a username and password.

Step 2: Enter beneficiary details in the ‘Other Bank Account’ option.

Step 3: Under beneficiary details, provide the beneficiary’s name, account number, IFSC code, and branch name.

Step 4: Accept conditions and click on the ‘Submit’ button.

Step 5: Verify beneficiary details by entering the login id, and transaction password, and click the ‘Submit’ button.

Step 6: Click the ‘Activate Beneficiary’ to complete the registration.

Below mentioned are the steps provided for making credit card bill payment via NEFT:

Step 1:  Log in to your Axis Bank net banking.

Step 2: Go to the credit card section.

Step 3: Next you need to select the credit card for which the payment needs to be done.

Step 4: Click on “Pay Now”.

Step 5:  Select the account from which the amount needs to be debited.

Step 6: Enter the amount you wish to pay.

Step 7: Tap on Proceed to make the payment.

All the Axis Bank account holders can carry out the NEFT transactions under the specified Axis Bank NEFT timings. The bank also provides an option to direct cash transfers from the branch by filling Axis Bank NEFT form. An offline transaction can be done if the remitter has not activated mobile banking or net banking facility. In such a case, you would require to visit the nearest Axis Bank branch for an NEFT transfer.

The remitter can carry NEFT transactions only to the beneficiaries of the NEFT-enabled bank. Check the Reserve Bank of India’s official website to check the list of NEFT-enabled banks.

Using Axis NEFT online is one of the most convenient and user-friendly ways to online transfer funds to another account. Any account holder can use NEFT service in the specified Axis Bank NEFT timings. If any transaction is made after the said timings or on bank holidays, the amount will reflect in the beneficiary’s account on the following working day.Following are the steps to carry out an NEFT transaction from the Axis Bank account:

• Log in to the Axis Bank internet banking or mobile banking account.
• Choose the “Transfer Funds” option and select NEFT.
• Add the beneficiary details under “Add/Manage Beneficiary”.
• Provide details such as the beneficiary’s name, account number, IFSC Code of the branch, etc.
• Now choose the account that you want to send funds from.
• After submitting the request, a transaction reference number will be sent.
• The remitter, as well as the beneficiary, will get an SMS after the transfer process is done.

Customers of Axis Bank can initiate NEFT transactions 24×7 through Retail Internet Banking, Mobile Banking and Corporate Internet Banking as per below:

Limit	Timings
Working days (No limit)	7:00 AM to 7:00 PM
No limit through CMS online channel (on working days)	9:30 PM
Up to Rs. 1 Crore per transaction through CIB/RIB/Mobile Banking (on working days)	Post 7:00 PM till 7:00 AM
Up to Rs. 1 Crore per transaction through CIB/RIB/Mobile Banking	Full day – Rs. 1 Crore (7:00 AM to 7:00 PM)

Note: For intrabank transactions, there is no limit on transaction amount and timing.              

Below mentioned are the benefits of Axis NEFT:

• NEFT has reduced paperwork making the transactions extremely quick.
• Saves visits to the bank and has eliminated the need to send demand drafts and cheques.
• The NEFT service is available 24×7.
• The customer need not worry about any fraudulent transaction at the time of processing NEFT.
• The service can be initiated via net banking, mobile banking or visiting the branch.

Q. Can I cancel NEFT in Axis Bank?
Ans. No, NEFT once initiated cannot be cancelled.

Q. Can I get access to NEFT services automatically?
And. Yes, you will get access to NEFT service automatically if you have a bank account in the bank that falls under NEFT services. However, if you do not own a bank account in Axis Bank, you can still avail NEFT services by visiting the bank.

Q. Can I process the NEFT transfer across India?
Ans. NEFT transfers can only be processed within India in Indian currency. Also, transactions can only be carried out in NEFT-enabled banks.

Q. What is Axis Bank’s minimum or maximum limit for NEFT transactions?
Ans. There is no minimum or maximum limit in Axis bank for NEFT transactions.

Q. Do all bank branches offer NEFT in India?
Ans. No, not all banks offer NEFT services in India. Only those banks that are NEFT-enabled, can provide NEFT services.