Axis Bank RTGS

Last Updated : July 28, 2025, 3:50 p.m.

Real-Time Gross Settlement (RTGS) is a secure and efficient electronic payment system offered by Axis Bank for instant fund transfers between banks. This guide covers the benefits, limits, timings, form download process, filling instructions, charges, and frequently asked questions about Axis Bank RTGS.

Benefits of Axis Bank RTGS

• Real-Time Transfers : Funds are transferred instantly, ensuring immediate credit to the beneficiary’s account, typically within 30 minutes, making it ideal for urgent transactions.
• High-Value Transactions : Designed for large-value transfers, RTGS is perfect for significant payments like business deals or property purchases.
• Cost-Effective : No charges for RTGS transactions initiated through online banking or mobile apps, saving costs compared to branch transactions.
• 24/7 Availability : RTGS services are accessible round-the-clock, including weekends and holidays, providing flexibility for users.
• Secure and Irrevocable : Transactions are final once processed, reducing the risk of reversal and ensuring trust between parties.
• Interbank Compatibility : Enables seamless transfers to accounts in other banks within the RTGS network, enhancing convenience.

Axis Bank RTGS Limit

• Minimum Amount : The minimum amount for an RTGS transaction is ₹2 lakh, as per Reserve Bank of India (RBI) guidelines.
• Maximum Amount : There is no upper limit for RTGS transactions, though online transfers may have a cap of ₹1 crore during non-working hours (6:00 PM to 7:00 AM, including weekends and holidays).
• Intrabank Transactions : For transfers within Axis Bank, there are no limits on transaction amount or timing.

Axis Bank RTGS Timings

• 24/7 Availability : RTGS transactions can be initiated 24x7, 365 days a year, including weekends and holidays, as per RBI guidelines effective from December 14, 2020.
• Settlement Timing : Transactions initiated between 11:30 PM and 1:00 AM are settled at 2:00 AM due to end-of-day and start-of-day processes.
• Online Channels : Available 24x7 via Retail Internet Banking and Corporate Internet Banking.
• Branch Transactions : Subject to branch working hours, typically 10:00 AM to 4:00 PM on weekdays and working Saturdays.

Download Axis Bank RTGS Form

• Official Source : The Axis Bank RTGS/NEFT form can be downloaded from the official Axis Bank website (www.axisbank.com) under the "Forms" or "Fund Transfer" section.
• Editable Format : The form is available in PDF and editable formats, with some versions supporting auto-fill features for amounts in words.
• Local Language Availability : Forms may be available in English, Hindi, or local languages at specific branches.
• Alternative : Visit the nearest Axis Bank branch to obtain a physical copy of the RTGS form from a bank representative.

How to Fill an Axis Bank RTGS Form?

The Axis Bank RTGS/NEFT form consists of two sections: the application form and the acknowledgment slip. Follow these steps to fill it out correctly:

1. Customer Acknowledgment Section :
   • Write the branch name and date of submission.
   • Provide remitter details: account number and name.
   • Enter beneficiary details: name, account number, and IFSC code.
   • Specify the transaction amount in numbers and words.
   • Indicate the mode of transaction (RTGS).
   • Sign to authorize the transaction.
2. Application Form Section :
   • Mention the date and Axis Bank branch name.
   • Provide remitter details: account number, name, full address, mobile number, and email ID.
   • Enter beneficiary details: name, bank name, account number, branch, IFSC code, and mobile number.
   • Reconfirm the beneficiary’s account number.
   • Specify the transaction amount in numbers and words.
   • Provide payment details (e.g., cheque number, if applicable).
   • Tick the RTGS option to indicate the transaction mode.
   • Read and agree to the terms and conditions.
   • Sign the form in the "Customer Signature" section.
3. Submission :
   • Submit the completed form and cheque (if applicable) to the bank representative.
   • Retain the acknowledgment slip for your records.

Axis Bank RTGS Charges

• Online Transactions : No charges for RTGS transactions initiated through Axis Bank’s Internet Banking or Mobile Banking, as per RBI guidelines.
• Branch Transactions :
  • ₹25 per transaction for amounts between ₹2 lakh and ₹5 lakh.
  • ₹50 per transaction for amounts above ₹5 lakh.
  • Additional GST may apply.
• Inward Transactions : Free for all customers.
• Account-Based Variations : Certain account types (e.g., personal savings or business accounts) may have a specified number of free transactions per month. Refer to the Axis Bank Fees and Charges Master for details.
• Penal Interest : If an RTGS transaction is delayed, Axis Bank may pay penal interest at the RBI LAF Repo Rate plus 2% for the delay period.