Download Axis Bank RTGS Form PDF Online – 2024

Axis Bank is an Indian private banking and financial services company headquartered in Mumbai. The bank was established on 3^rd December 1993 and as of now, it has built up a network of almost 4,903 branches in the country. In this guide, you will get to know all about the Axis Bank RTGS form as well as the NEFT form. 

What Is Axis Bank RTGS?

Axis Bank RTGS (Real-time Gross Settlement) is an electronic payment system where one can make large-value transactions. There are no separate charges for RTGS transactions. If you pay through this mode of transfer, the receiver’s bank is expected to get the amount immediately. After the transferred amount is received by the beneficiary’s bank, the amount will be credited within 30 minutes of receiving the amount.

By choosing Axis Bank NEFT, you can enjoy a quick and easy transaction process. This mode of transferring money is a nationwide payment system which facilitates one-to-one transactions. One must note that their NEFT must be enabled for designated bank branches.

How to Fill an Axis Bank RTGS Form?

Axis Bank RTGS form is divided into two sections, one is the customer acknowledgment part and the other is the application form. Refer to the following steps on how to fill up a Axis Bank RTGS form properly:

• Step 1: In the customer acknowledgement part, write down the branch name and date.
• Step 2: Provide the remitter (sender) details like account number and remitter name.
• Step 3: Write down the beneficiary details like his/her name, account number and IFSC code.
• Step 4: Provide the transaction amount in numeric.
• Step 5: Write down the amount in words.
• Step 6: Fill in the application charges boxes.
• Step 7: Add the sender’s signature at the bottom.
• Step 8: In the RTGS/NEFT application form, mention the date and Axis Bank branch name.
• Step 9: Mention the sender’s account number followed by his/her name, full address, mobile number, and mail ID.
• Step 10: Provide a few beneficiary details such as his/her name, bank name, account number, branch, IFSC code, and mobile number.
• Step 11: Write down the account number to reconfirm.
• Step 12: Mention the transaction amount in both figures and words.
• Step 13: Fill out the payment details like the cheque number and the amount.
• Step 14: Tick the mode of the transaction (NEFT/RTGS).

Before submitting the form, go through the terms and conditions mentioned in the Axis Bank RTGS form.

How to Fill Axis Bank NEFT Form?

Axis Bank NEFT form is divided into two sections, one is the customer acknowledgment part and the other is the application form. Refer to the following steps on how to fill up a Axis Bank RTGS form properly:

• Step 1: In the customer acknowledgement part, write down the branch name and date.
• Step 2: Provide the remitter (sender) details like account number and remitter name.
• Step 3: Write down the beneficiary details like his/her name, account number and IFSC code.
• Step 4: Provide the transaction amount in numeric.
• Step 5: Write down the amount in words.
• Step 6: Fill in the application charges boxes.
• Step 7: Add the sender’s signature at the bottom.
• Step 8: In the RTGS/NEFT application form, mention the date and Axis Bank branch name.
• Step 9: Mention the sender’s account number followed by his/her name, full address, mobile number, and mail ID.
• Step 10: Provide a few beneficiary details such as his/her name, bank name, account number, branch, IFSC code, and mobile number.
• Step 11: Write down the account number to reconfirm.
• Step 12: Mention the transaction amount in both figures and words.
• Step 13: Fill out the payment details like the cheque number and the amount.
• Step 14: Tick the mode of the transaction (NEFT/RTGS).
• Before submitting the form, go through the terms and conditions mentioned in the Axis Bank RTGS form.

Axis Bank RTGS/NEFT Timings

Have a glance at all the Axis Bank NEFT and RTGS timings mentioned in the below tables:

1. RTGS Timings

2. NEFT Timings

Axis Bank RTGS and NEFT Charges

The bank does not levy any charge for NEFT and RTGS charges via digital channels. Aside, here are all the Axis Bank NEFT charges along with the RTGS charges made through branches:

What Happens if Axis Bank RTGS Transaction Is Not Processed on Time?

If an Axis Bank RTGS transaction is not processed on time, the bank is liable to pay penal interest to the affected customer. This interest is calculated at the current RBI LAF Repo Rate plus 2% for the period of delay or until the date of credit or refund. 

This generally happens when the NEFT transaction does not get credited or returned within 2 hours after batch settlement or the RTGS transaction does not get credited within 30 minutes from the receipt of credit. 

Final Word

Larger amount transfers are best made via Axis Bank RTGS. All customers who choose to use NEFT or RTGS at Axis Bank are subject to the aforesaid fees. Considering that now you have a clear understanding of how to obtain and fill out an Axis Bank RTGS form as well as the NEFT form, you can initiate the transaction process seamlessly.

FAQs

Disclaimer

This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.