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Axis Bank Neft: Send Money Anytime, Anywhere, Instantly

Serba Viral Oktober 08, 2023 Comment

Axis Bank, one of the leading private banks in India, offers a range of digital banking services to its customers. One such service is the National Electronic Funds Transfer (NEFT), which allows customers to transfer funds from their Axis Bank account to any other bank account in the country. NEFT is a popular method of money transfer as it is quick, secure, and convenient.

What is NEFT?

NEFT is an electronic funds transfer system that enables individuals and businesses to transfer funds from one bank account to another. It operates on a Deferred Net Settlement (DNS) basis, which means transactions are processed in batches and settled at specific intervals. NEFT transactions can be initiated and completed online through internet banking or mobile banking apps.

How to Transfer Money Using Axis Bank NEFT?

To initiate an NEFT transaction using Axis Bank, you need to follow these simple steps:

Log in to your Axis Bank internet banking account or mobile banking app
Select the ‘Fund Transfer’ option and choose ‘NEFT’
Enter the recipient’s bank account details, including name, account number, and IFSC code
Enter the amount you wish to transfer
Confirm the details and authorize the transaction using your net banking password or mobile banking PIN
You will receive a confirmation message with a unique transaction reference number

Benefits of Using Axis Bank NEFT

Here are some of the benefits of using Axis Bank NEFT:

Instant transfer of funds
24x7 availability, including weekends and bank holidays
Secure and encrypted transactions
No limit on the amount of money that can be transferred
Low transaction fees compared to other methods of money transfer

NEFT Transaction Charges for Axis Bank Customers

Axis Bank charges a nominal fee for NEFT transactions based on the amount being transferred. Here are the NEFT charges for Axis Bank customers:

Transaction Amount	NEFT Charges
Up to Rs. 10,000	Rs. 2.50 + GST
Rs. 10,001 to Rs. 1 lakh	Rs. 5 + GST
Rs. 1 lakh to Rs. 2 lakh	Rs. 15 + GST
Above Rs. 2 lakh	Rs. 25 + GST

Axis Bank NEFT Timings

Axis Bank NEFT transactions can be initiated and completed 24x7, including weekends and bank holidays. However, the funds are settled in batches and credited to the recipient’s bank account at specific intervals. Here are the NEFT timings for Axis Bank:

NEFT Batch Timings	NEFT Settlement Timings
Monday to Friday	8:00 AM, 11:00 AM, 1:00 PM, 3:00 PM, 4:30 PM, 6:30 PM
Saturday	8:00 AM, 11:00 AM, 1:00 PM, 3:00 PM, 4:30 PM

How Safe is Axis Bank NEFT?

Axis Bank NEFT transactions are safe and secure as they are processed through a secure network and encrypted using advanced security protocols. Axis Bank also uses two-factor authentication to ensure that only authorized users can initiate and complete NEFT transactions. Additionally, Axis Bank has a dedicated fraud prevention team that monitors all transactions and flags any suspicious activity.

Conclusion

Axis Bank NEFT is a quick, convenient, and secure method of transferring funds from your Axis Bank account to any other bank account in the country. With 24x7 availability and low transaction fees, NEFT is a popular choice for individuals and businesses looking to transfer money. So the next time you need to transfer money, consider using Axis Bank NEFT for a hassle-free experience.

Icici Neft Transfer: How To Transfer Money Online?

Serba Viral Juni 21, 2023 Comment

If you are an ICICI Bank account holder, you can easily transfer money to another bank account in India using the NEFT (National Electronic Fund Transfer) service. This service allows you to transfer funds electronically from your ICICI Bank account to any other bank account in India, securely and conveniently.

What is NEFT transfer?

NEFT is a payment system that allows you to transfer funds electronically between bank accounts in India. NEFT transactions are settled in batches and are processed in hourly intervals. NEFT transactions are generally settled on the same day or the next working day, depending on the time of the transaction.

How to transfer money using ICICI NEFT?

To transfer money using ICICI NEFT, you need to follow these simple steps:

Log in to your ICICI Bank internet banking account.
Select the "Funds Transfer" option and choose "NEFT".
Select the beneficiary bank and enter the beneficiary account details.
Enter the amount you want to transfer and select the mode of transfer.
Enter your transaction password and click on "Submit".

What are the benefits of ICICI NEFT Transfer?

ICICI NEFT Transfer has several benefits, including:

Convenience: You can transfer money from the comfort of your home or office, without having to visit a bank branch.
Speed: NEFT transactions are processed quickly, usually within a few hours.
Safety: NEFT transactions are secure and are processed through the RBI's secure electronic payment system.
Low cost: ICICI Bank charges a nominal fee for NEFT transactions, making it an affordable option for transferring funds.

What are the charges for ICICI NEFT Transfer?

ICICI Bank charges a nominal fee for NEFT transactions. The fee depends on the amount of the transaction and is generally lower than other modes of fund transfer. You can check the fee structure for NEFT transactions on the ICICI Bank website.

What is the maximum limit for ICICI NEFT Transfer?

The maximum limit for ICICI NEFT Transfer is Rs. 10 lakh per transaction. However, if you want to transfer a higher amount, you can use the RTGS (Real Time Gross Settlement) service. RTGS is a payment system that allows you to transfer funds electronically between bank accounts in India, in real-time and on a gross basis.

Conclusion

ICICI NEFT Transfer is a safe, convenient, and affordable way to transfer funds electronically from your ICICI Bank account to any other bank account in India. With its quick processing time and low fees, it is an ideal option for transferring funds for personal or business purposes.

Neft Transfer Axis Bank: A Comprehensive Guide

Serba Viral April 04, 2023 Comment

Are you looking for a hassle-free way to transfer funds to another bank account? If yes, then NEFT Transfer is the best option for you. Axis Bank, one of the leading private sector banks in India, provides NEFT Transfer services to all its customers.

What is NEFT Transfer?

NEFT (National Electronic Funds Transfer) is an electronic payment system that enables individuals and businesses to transfer funds from one bank account to another bank account in India. NEFT Transfer is a safe, secure, and convenient way of transferring funds without the need for physical cheques or demand drafts. It is available 24x7, including weekends and bank holidays.

How to Transfer Funds using NEFT Transfer in Axis Bank?

Axis Bank provides NEFT Transfer services to all its customers through multiple channels, such as internet banking, mobile banking, and branch banking. Here's how you can transfer funds using NEFT Transfer in Axis Bank:

Internet Banking

To transfer funds using NEFT Transfer through internet banking, follow these simple steps:

Login to your Axis Bank internet banking account using your credentials.
Select 'Fund Transfer' from the menu and click on 'NEFT'.
Select the beneficiary to whom you want to transfer funds or add a new beneficiary.
Enter the amount you want to transfer and select the account from which you want to transfer funds.
Review the details and click on 'Submit'.
Enter the OTP (One-Time Password) received on your registered mobile number and click on 'Submit'.
Your NEFT Transfer will be processed instantly.

Mobile Banking

To transfer funds using NEFT Transfer through mobile banking, follow these simple steps:

Download and install the Axis Bank Mobile App on your smartphone.
Login to your Axis Bank mobile banking account using your credentials.
Select 'Fund Transfer' from the menu and click on 'NEFT'.
Select the beneficiary to whom you want to transfer funds or add a new beneficiary.
Enter the amount you want to transfer and select the account from which you want to transfer funds.
Review the details and click on 'Submit'.
Enter the OTP (One-Time Password) received on your registered mobile number and click on 'Submit'.
Your NEFT Transfer will be processed instantly.

Branch Banking

To transfer funds using NEFT Transfer through branch banking, follow these simple steps:

Visit your nearest Axis Bank branch.
Fill up the NEFT Transfer form with the required details, such as beneficiary's account number, name, and bank branch.
Submit the form along with the cash or cheque to the bank executive.
Your NEFT Transfer will be processed instantly.

NEFT Transfer Charges in Axis Bank

Axis Bank charges a nominal fee for NEFT Transfer services. The fee varies based on the amount of funds transferred. Here's a detailed breakup of the NEFT Transfer charges in Axis Bank:

Transaction Amount	NEFT Transfer Charges
Up to Rs. 10,000	Rs. 2.50 + GST
Rs. 10,001 to Rs. 1 lakh	Rs. 5 + GST
Rs. 1 lakh to Rs. 2 lakhs	Rs. 15 + GST
Rs. 2 lakhs and above	Rs. 25 + GST

NEFT Transfer Timings in Axis Bank

NEFT Transfer services are available 24x7 in Axis Bank. However, the funds transfer may not be processed instantly, and the beneficiary may receive the funds on the next working day. Here's a detailed breakup of the NEFT Transfer timings in Axis Bank:

NEFT Transfer Timings	NEFT Transfer Cut-off Time	NEFT Transfer Processing Time
Monday to Saturday (except 2nd and 4th Saturday)	6:30 AM to 6:30 PM	Half-Hourly Batches from 8:00 AM to 7:00 PM
2nd and 4th Saturday	6:30 AM to 6:30 PM	Half-Hourly Batches from 8:00 AM to 3:30 PM
Sunday and Bank Holidays	Closed	NA

Advantages of NEFT Transfer in Axis Bank

NEFT Transfer has several advantages over other modes of fund transfer, such as physical cheques and demand drafts. Here are some of the advantages of NEFT Transfer in Axis Bank:

Safe and secure way of transferring funds.
Convenient and hassle-free way of transferring funds without the need for physical cheques or demand drafts.
Available 24x7, including weekends and bank holidays.
Low transaction charges compared to other modes of fund transfer.
Instant processing of funds transfer.

Conclusion

NEFT Transfer is a safe, secure, and convenient way of transferring funds from one bank account to another bank account in India. Axis Bank provides NEFT Transfer services to all its customers through multiple channels, such as internet banking, mobile banking, and branch banking. NEFT Transfer has several advantages over other modes of fund transfer, such as physical cheques and demand drafts. It is available 24x7, including weekends and bank holidays. So, next time you need to transfer funds, use NEFT Transfer in Axis Bank and enjoy the hassle-free experience.