NEFT (National Electronic Fund Transfer)

Nowadays it’s quick, convenient and extremely easy to transfer money because technology has reached another level. National Electronic Fund Transfer or NEFT as it is known is a quick and fast way of transferring funds from a particular bank to any other bank that is a participant in this scheme.

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RTGS (Real-time Gross Settlement)

Money transferring has become a lot easier with technology becoming a major part of our day to day lives. Real-time gross settlement systems (RTGS) is a funds transfer system where money transfer takes place from one bank to another on a "real time" basis and "gross" basis.

 

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IMPS (Immediate Payment Service)

IMPS is an instant interbank electronic fund transfer service available 24x7, throughout the year including Sundays and any bank holiday. Customers can transfer and receive funds via IMPS using their registered Mobile number and Mobile Money Identifier (MMID) or through Internet Banking.

 

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Instant Money Transfer (Cash transfer, cardless withdrawal)

Instant Money Transfer (IMT) is an innovative domestic service that allows you to send cash to a receiver. All you need to do is mention receiver's mobile number and issue IMT. Receiver need not have a bank account and can make a cardless withdrawal, from any ATM of the banks empanelled.

READ MORE About Instant Money Transfer Cash transfer, cardless withdrawal

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IFSC (Indian Financial System Code)

The world of banking has changed drastically over the last few years. The Indian Financial System Code is critical for NEFT and RTGS transactions. The Indian Financial System Code is an alphanumeric code that uniquely identifies a bank-branch and ensures secure transactions.

 

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ECS – Electronic Clearing Service

Electronic Clearing Service, ECS, is an electronic clearing system that facilitates paperless credit / debit transaction directly linked to your account and also provides for a faster method of effecting periodic and repetitive payments.

 

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Online Merchant Payments

Make instant payments when shopping online, booking flights/hotels, making investments or paying your credit card bills via Axis Bank Net Banking. Enjoy hassle-free transaction without any limits.