How Much Amount Can Be Transferred Through Axis Bank App

Once you have an Axis Bank account, you can transfer money through several different methods including transfers and NEFTs. Axis Bank App has several features that make transferring money easy – all you need to do is enter the amount of money you wish to transfer and the account number of the recipient, and it will do the rest for you!

However, there are some limits to how much money can be transferred in total through this app, as well as within each transaction – read on to find out more about these limits!

Transferring Money

Of all forms of electronic transfers, money transfers are one of the easiest and most straightforward. Using your bank’s mobile app, you can log into your account to transfer funds between accounts and to third parties.

If you prefer more old-fashioned methods, you can also walk into a bank branch in person and complete an inter-account transfer with a teller.

How-to-register-Axis-bank-mobile-banking-step-1-1

Requirement for transferring money from Axis Bank Mobile App

  1. Register and Activate Mobile Banking
  2. Register Mobile Number to receive OTP
  3. Add Payee (at least before12 hours)
  4. Payee Branch name
  5. Payee Account Number
  6. Payee Bank IFSC code.

What fees do banks charge for transferring money in Axis bank?

There are two types of transfers that can be made in Axis bank. One is account to account transfer and another is C2H (Cash to Hand). Both have different charges levied on them by banks. Account to account transfer.

In axis bank, there are two kinds of accounts – savings account and current account. When you make an A2A transfer from your savings account to someone else’s savings account, there is no charge that gets deducted from your original balance.

Ways to transfer & How Much Amount Can Be Transferred Through Axis Bank App

There are two different ways of transferring money using your Axis app. One is electronic wallets and another is bank to bank transfer. With electronic wallets, you can send or receive money from other people on their mobile number registered (UPI).

With a bank to a bank transfer, you can send or receive funds directly into your account from another bank account. In both these cases, you need to follow certain steps.

Both electronic wallets and bank-to-bank transfers have limits on how much amount each person can transfer through them per transaction. let’s see the methods to transfer money.

IMPS Through Axis Bank Mobile App

A user can transfer an amount of up to Rs.1,00,000 through IMPS using mobile app of Axis bank in a day. This is applicable across all major banks that operate on IMPS platform.

The process is simple and involves just a few steps. All you need to do is follow a few simple steps to transfer money with ease using your mobile banking app.

Transaction amount Fees
IMPS Transfer Modes Mobile Banking (Mobile App)/ Net Banking
Fund Transfer LimitRs. 2 Lakhs
Fund Transfer ChargesMobile and Internet Banking:
Up to Rs. 1,000 – Rs. 2.50Rs.
1,000 to Rs. 1 lakh – Rs. 5 
Rs. 1 lakh to Rs. 2 lakhs – Rs. 15
Fund Transfer Timings24*7

NEFT Through Axis Bank Mobile App

With P2P (Peer to Peer) funds transfer becoming popular in India, bank apps are used by people to send and receive money from other accounts. Another very useful thing that you can do is send funds through your bank’s mobile app using NEFT (National Electronic Funds Transfer).

Using NEFT, you will be able to instantly move funds across any bank account in India. NEFT stands for National Electronic Funds Transfer.

It is an electronic payment system that facilitates interbank fund transfer in India. NEFT charges banks by transferring funds through a pre-defined format.

Transaction amount Fees
IMPS Transfer Modes Mobile Banking (Mobile App)/ Net Banking
Fund Transfer LimitRs. 2 Lakhs
Fund Transfer ChargesMobile and Internet Banking:
Up to Rs. 1,000 – Rs. 2.50Rs.
1,000 to Rs. 1 lakh – Rs. 5 
Rs. 1 lakh to Rs. 2 lakhs – Rs. 15
Above Rs. 2 lakhs – 25
Fund Transfer Timings24*7

RTGS Through Axis Bank Mobile App

While transferring money through online mode, one has to keep in mind that there are only a few banks that offer RTGS facilities. One of them is Axis bank which offers a fund transfer service through its mobile app.

The user just needs to enter a few details and hit send on his smartphone in order to make a Bulk money transfer. There is no need for a net banking password or even card details.

Transaction amount Fees
Transfer ModesOnline- Mobile/ Net Banking
Transfer LimitNet Banking- Nil
Bank Branch – No limit
Transfer ChargesNet Banking- Nil
Bank Branch – Nil
Transfer Timings7 AM to 6 PM on weekdays

UPI payment through Axis bank mobile App

How much money can I send through UPI payment through Axis bank mobile app? The maximum amount that can be transferred through UPI payment is Rs. 1 lakh in a day from any bank account to any bank account.

If you want to transfer more than one lakh rupees, you have to create multiple payments with different beneficiaries. You can’t transfer an unlimited amount of money using UPI payments.

Transaction amount Fees
Transfer ModesUPI Mode – Mobile Banking
Transfer Limit Rs. 1 Lakhs
Transfer ChargesNil
Transfer Timings 24*7

Compare NEFT vs IMPS vs RTGS vs UPI Transfer Limit & Charges

Type of TransferNEFTIMPSRTGSUPI
Speed of DeliveryHalf hourlyReal-TimeReal-Time Real-Time
Maximum Transfer AmountNo LimitRs. 2,00,000No Limit Rs. 1,00,000
Minimum Transfer AmountNo LimitNo LimitRs. 2,00,000 Rs.1
ChargesUp to Rs.10,000 – Rs.2.50
Above Rs.10,000 to Rs.1 lakh – Rs.5
Above Rs.1 lakh to Rs.2 lakhs – Rs.15
Above Rs.2 lakhs – Rs.25
Up to Rs. 1,000 – Rs. 2.50
Rs. 1,000 to Rs. 1 lakh – Rs. 5 
Rs. 1 lakh to Rs. 2 lakhs – Rs. 15
No Charges No Charges
Timing24×7, 365 Days24×7, 365 Days7 am IST – 6 pm IST (On weekdays and working Saturdays) 24×7, 365 Days

Transaction Time in Axis bank using mobile app

In case of mobile transactions through an app, transactions are immediate and fund is transferred to beneficiary bank account within a second. However, in case of net banking, the processing time would depend on that particular transaction being initiated at what time i.e working hours or non-working hours.

Also, some transactions may be approved by bankers instantly while others will take time based on payment initiation and other aspects like transaction type/ fraud check etc.

Based on these parameters; sometimes it may take up to 24 hrs for a transaction to reach its destination as per your understanding & knowledge.

Transaction Limits

There is no limit on the number of fund transfers, as long as they are within your bank account. If you make multiple external transfers using your debit card then it is better to go for a Debit Card cum ATM cum Passbook (DAB) that does not charge any transaction fees for such services.

Axis Bank offers DAB which has free transactions at ATM and international remittance up to a certain value, wherein Visa or MasterCard or Rupay cards can be used interchangeably.

Conclusion

When you talk about transferring money through an app, it has to be easy and instant. The Axis Mobile Banking App has made it possible for you to transfer funds instantly. There are no restrictions on amount, number of transfers per day or duration of a transfer.

You can make as many deposits and transfers, as required by your business, needs 24*7 anywhere, anytime on a phone from another phone in real-time without visiting a branch physically. Thank you for reading this article. I hope that it is useful for you. cheers! If have any doubt then tell me via the comments below.

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