RTGS (Real Time Gross Settlement) is a digital money transfer system. This is an apt mode of high-value money transfer. Axis Bank account holders can visit the bank branch or the bank website to make payment by filing the Axis Bank RTGS form. The bank permits RTGS for a minimum amount of Rs. 2 lakhs. The transaction takes place on a round-the-clock basis. RTGS transaction takes place in the RBI record books. For this reason, the amount is not reversible.
The Axis Bank RTGS service window remained open on a round-the-clock basis, i.e. 24×7 for 365 days. Earlier, the service was available from 9 am to 4:30 pm from Monday to Friday. On Saturdays, the transactions were carried out between 9 am to 2 pm.
Filing up RTGS Form Axis Bank online is an easy option. The bank does not charge any fees for online RTGS transaction. There is a nominal charge if the transaction is processed at the bank branch.