NEFT, which is the abbreviation for National Electronic Funds Transfer, is a way of transferring funds from one bank account to another via netbanking or mobile banking. For those of you having an Axis Bank account, this post is highly relevant. Here, we talk about the Axis Bank NEFT charges and other aspects related to it.
Axis Bank NEFT Charges
As per the RBI guidelines, NEFT transactions done online do not attract any charges. That said, below-mentioned are the Axis Bank NEFT charges for transactions completed at the bank using Axis Bank NEFT Form:
|Transaction Amount||Axis NEFT Charges* – At the Branch||Axis NEFT Charges – via Netbanking/Mobile Banking|
|Up to Rs. 10,000||Not more than Rs. 2.50 (+ taxes)||NIL|
|Rs. 10,0001 up to Rs. 1 lakh||Not more than Rs. 5.00 (+ taxes)||NIL|
|Above Rs. 1 lakh up to Rs. 2 lakhs||Not more than Rs. 15 (+ taxes)||NIL|
|Above Rs. 2 lakhs||Not more than Rs. 25 (+ taxes)||NIL|
Axis Bank NEFT Timings
To transfer funds online using the Axis Bank NEFT, customers do not need to wait for a specific time slot as the online NEFT window is open 24×7. This means that you can pitch in the NEFT transfer request using the Axis Bank netbanking option or mobile banking option any time. However, the credit may take up to 2 hours.
For dong the NEFT transfer at the bank, you must reach your Axis Bank branch as per the Axis bank timings.
Axis Bank NEFT Limit
As per the RBI guidelines and Axis Bank website, there are no limits for doing NEFT via Axis Bank channel. However, if you want to do a cash transaction via NEFT, there is a limit of Rs 50,000 per day.
How to use NEFT with Axis Bank Netbanking?
Follow these steps to transfer funds using Axis Bank NEFT online:
- Go to Axis Bank netbanking login page
- Click on ‘Login’
- You’ll be taken to Axis Omni Channel
- Type in your Login ID/Customer ID and password and hit the ‘Login’ button
- Click on ‘Transfer Funds’
- Select ‘NEFT’ option
- Select Beneficiary (click on ‘Add/Manage Beneficiary’)
- Enter details like amount, beneficiary’s name and account details etc.
- Click the ‘Confirm’ button
- Enter the OTP sent to your registered mobile number to finalise the NEFT request
Axis Bank NEFT Customer Care
If you’re not able to transfer funds via NEFT, please do not hesitate calling on the below-mentioned Axis Bank customer care numbers:
1800–103–5577 (Toll free number)
1-860-500-5555 (Charges applicable as per the service provider)
If you’re calling from abroad, you may reach the Axis Bank customer care centre by dialing the following number:
About Axis Bank
Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company. It sells financial services to large and mid-size companies, SMEs and retail businesses.
Axis Bank is headquartered in Mumbai, Maharashtra with 4,758 domestic branches (including extension counters) with 10,990 ATMs & 5,972 cash recyclers spread across the country as of 31st March 2022.
Also, check other bank’s NEFT charges in the below table:
|BOB NEFT Charges||NEFT Charges||PNB NEFT Charges|
|Canara Bank NEFT Charges||NEFT Charges HDFC||SBI NEFT Charges|
|Indian Bank NEFT Charges||NEFT Charges ICICI|
Axis Bank NEFT: FAQs
There are zero Axis Bank NEFT charges for online transactions via mobile banking and netbanking.
Axis Bank charges Rs 2.50, Rs 5.00, Rs 15.00 and Rs 25 (plus GST) for amount ranging from Rs 10,000 to Rs 2 lakhs and above.
You can transfer an amount as small as Re 1 via Axis Bank NEFT.