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Axis Bank NEFT

Axis Bank NEFT Details

Last Updated 17th Nov 2021

Axis Bank NEFT is the inter-banking facility based on Deferred Net settlement under which transactions are credited in hourly batches for all the requests received in 30 minutes.

Axis Bank NEFT Transfer Modes Offline- Bank Branch
Online- Mobile/ Net Banking
Axis Bank Fund Transfer Limit Bank Branch- No Limit
Mobile/ Internet Banking- ₹Nil
Axis Bank Fund Transfer Charges Mobile/Internet Banking- Nil
Bank Branch- Nil
Axis Bank Fund Transfer Timings 24*7
Apply for Savings Account

Axis Bank National Electronics Fund Transfer - Axis Bank NEFT

Axis Bank, which is one the leading Private Bank also provides an electronic method of fund transfer through internet banking by various modes such as NEFT, RTGS and IMPS. If you want to transfer funds through Axis Bank NEFT, you need to have required bank details, including the IFSC code of the recipient's Bank. There is no cap on the minimum and maximum amounts of funds that can be transferred. However, in cases when there is in-person cash-based remittance within India, the maximum cap is ₹ 50,000.

How Does Axis Bank NEFT Work?

Axis Bank NEFT or National Electronic Funds Transfer is the inter-banking facility maintained under RBI to transfer funds within the country. It is based on Deferred Net settlement which means the amount is credited in hourly batches along with the other payments for all the requests received in 30 minutes.

How to Transfer Funds through Axis Bank NEFT to Another Bank Account?

To transfer funds through Axis Bank NEFT to another bank account, you need to follow the below-mentioned steps:

  • Finally, you will now receive the success message on your screen.
  • Firstly, log in your Axis Bank Net Banking Portal by using your User Name and Password.
  • After verifying all the details, check the terms and conditions box and click on Ok.
  • Now, under the Accounts tab, click on Transfer Fund option.
  • Now, select the account from which the funds need to be transferred.
  • Now, enter the login Id and password to confirm the transaction.
  • Next, enter the amount, and also choose the beneficiary account for transferring the money.
  • On the next page, now choose the type of fund transfer option from "My Own Axis Bank Account", "Other Axis Bank Account", and "Other Bank Account".

How to Pay Credit Card Bill Payment Through Axis Bank NEFT?

To make credit card bill payment through Axis Bank NEFT, follow the below-mentioned steps:

  • Firstly log in to the internet banking account by entering your user name and password.
  • Add your credit card as the beneficiary to make the credit card bill payment. You can find this option under third party transfer.
  • Now, provide the IFSC code of the credit card and enter the 16-digit Axis Bank Credit Card number in place of the account number.
  • Next, enter the bank name and enter the bank address of the credit card company/bank and click the submit button to make payment.

Axis Bank NEFT Fees & Charges

There are no transfer charges to receive money through NEFT. However, the person doing the transactions may have to bear certain charges depending on the Bank. The NEFT money transfer facility is available for NRE/ NRO accounts in the country.

Transaction Type NEFT Charges
Mobile and Internet Banking Nil
Bank Branch Nil

Required Details to Proceed NEFT Transaction

To transfer funds through Axis Bank NEFT, you would require the following details.

  • Name of the beneficiary
  • Amount to be transferred
  • Customer’s account number
  • Name of the beneficiary’s Bank
  • IFSC code of the Bank’s branch
  • Account number of the person making the payment.

Axis Bank NEFT Timings

You can transfer funds through Axis Bank through mobile/internet banking or by visiting the bank branch. The users can transfer funds through NEFT, as mentioned below:

Banking Days NEFT Timings
Monday to Friday & Working Saturday 24*7

Axis Bank NEFT Limits

As per the RBI guidelines, there is no cap on minimum amount and maximum for fund transfer through Axis Bank NEFT. However, you can transfer up to ₹ Nil on Axis Bank NEFT, through Axis Bank Internet Banking.

Benefits of Using Axis Bank NEFT

The system of NEFT fund transfer provides the following features and benefits for fund transfer to the customers:

  • NEFT Limit: There is no minimum limit for fund transfer under NEFT.
  • Transfer Modes: You can transfer funds through NEFT by offline and online methods. To transfer funds offline, you need to visit the bank, and you can also transfer funds through net banking.
  • No risk: As all NEFT transactions in India are regulated by the RBI, hence making it a highly reliable channel.
  • Reliable and efficient process: It is very easy and convenient to transfer funds through Axis Bank NEFT.
  • Cost-effective: The processing fee and charges are very low for Axis Bank NEFT and hence is one of the most common channels to send funds.

Top Banks Providing NEFT Money Transfer Facility

FAQs

What is the charge for Axis Bank NEFT?

If you want to transfer funds through Axis Bank NEFT, you need to bear charges based on your transaction amount. While the charges for NEFT fund transfer through mobile/internet banking are Nil, you need to bear transaction charges of Nil, if you want to do NEFT fund transfer through Axis Bank branch.

What is NEFT transfer in Axis Bank?

Axis Bank, which is one of the leading Private Bank, provides an electronic method of fund transfer based on deferred net settlement wherein the amount is credited in hourly batches along with the other payments for all the requests received in 30 minutes.

How much time does it take for NEFT transfer in Axis Bank?

All transactions done through Axis Bank NEFT are credited in hourly batches. So all requests received in 30 minutes are credited together.

How much money can be transferred through Axis Bank NEFT in a day?

There is no limit for the minimum and maximum amount that can be transferred through Axis Bank NEFT.


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