Axis Bank IMPS Process & Charges

Transfer Money Using Axis Bank IMPS Through Net Banking with IFSC

Step 1: Log into the Axis Bank web portal by keying in your password and username

Step 2: Tap the ' Transfer Funds' option

Step 3: Go to 'Other Bank Account' tab and choose 'Make Payment' under the transfer funds option

Step 4: Choose the registered beneficiary from the available list. If you have not registered the beneficiary, the name will not reflect in the payee list.

Step 5: Tap the 'Pay Instant (IMPS)' option

Step 6: Key in relevant details such as transaction amount and choose the account from which money has to be debited

Step 7: Verify details and click 'Transfer'

Step 8: The transaction will have to be authenticated by providing the login ID and password. Also, key in the 'NETSECURE' code.

Step 9: Accept 'terms and conditions' and tap 'Validate'

Step 10: A confirmation message will be sent after the transaction has been successfully processed.

Transfer Money Using Axis Bank IMPS Through Axis Mobile with IFSC

Step 1: Login to Axis Mobile banking with the respective MPIN

Step 2: Go to 'Transfer' and select 'Pay to another non-Axis Bank account'

Step 3: Choose the 'Beneficiary Name' and key in the transaction account. To choose the beneficiary, the payee has to be registered

Step 4: Choose 'Instant IMPS'

Step 5: A confirmation message will be sent after the transaction has been successfully processed

How to Transfer Money Using Axis Bank IMPS using MMID Through Axis Mobile

1. Step 1: Log into the Axis Mobile portal by providing MPIN
2. Step 2: Choose the 'Transfer' option, go to 'Mobile Beneficiary (P2P), and click 'Add'
3. Step 3: Key in the cell phone number and MMID of the receiver to register the beneficiary
4. Step 4: Click 'Transfer' and select the beneficiary name and enter the amount to be transferred
5. Step 5: Verify and submit

How to Get an MMID for Axis Bank IMPS through Net Banking

1. Send 'SMS MMID to 5676782' from your registered mobile number
2. The MMID will be sent to the customer's registered mobile number within a 24-hour window

How to Receive Money Using Axis Bank IMPS

Option 1: Through Net Banking using IFSC

Share account details such as name, bank account number, bank branch and IFSC code

Option 2: Using mobile number and MMID

Share mobile number and MMID

How to Add Beneficiary/Payee for Axis Bank IMPS

1. Step 1: Login to the Axis Bank internet banking portal
2. Step 2: Tap the 'Transfer Funds' option
3. Step 3: Go to 'Other Bank Account', 'Transfer Funds' and Choose 'Register New Beneficiary'
4. Step 4: Key in the beneficiary account number, IFSC code, and name as per the account
5. Step 5: Confirm details and enter the login ID and transaction password to authenticate the information
6. Step 6: Key in the 'NETSECURE' code received via SMS to activate the beneficiary/payee successfully

Charges for Axis Bank IMPS

*Please note that the charges availed are for outward remittances. There are no charges for inward credits. Additional charges and taxes are applicable.

Benefits of Axis Bank IMPS

1. Axis Mobile Banking app: Funds can be received and sent using IMPS through Axis Mobile, the bank's mobile banking app, at the tap of a button without any hassle. This gives customers the ease and convenience of banking from anywhere and at any time. Customers can carry out IMPS transfers using MMID. This app provides customers the comfort and convenience of 'Tap and Pay'.
2. 24/7 availability: IMPS services can be availed by all customers on a 24/7 basis and fund transfers can also be initiated on weekends and on all bank holidays. Unlike other methods of fund transfer, where transfers cannot be processed during holidays, IMPS is available on all 365 days of the year.
3. Immediate credit of funds: One of the main advantages of IMPS is that the funds are credited instantly to the beneficiary/payee account without any delays. As soon as the fund transfer has been made, the payee receives the money. The transfer process happens on a real-time basis.

Limitations of Axis Bank IMPS

1. Need to add beneficiary: If money has to be transferred through internet banking using IFSC code, it is a must to add the beneficiary. This process is usually time-consuming because one has to wait for a certain period of time, a minimum of 30 minutes, for the beneficiary to be activated.

Timings for Axis Bank IMPS

IMPS services are available on a 24/7 basis, on weekends and bank holidays.

What are the Various utilities of IMPS?

IMPS can be used to send or receive money and also for merchant payments such as

1. To pay credit card bills
2. Mobile bill payments and recharges
3. Online shopping
4. Travel and ticketing
5. Grocery bills
6. National Unified USSD Platform

How to Check Axis Bank IMPS Transaction Status

To check the status of your Axis Bank IMPS transaction, you can:

1. Log in to your Axis Bank net banking or mobile banking app.
2. Navigate to the Transaction History or IMPS Transfers section.
3. Locate the specific transaction to view its status (Success, Pending, or Failed).
4. You will also receive an SMS confirmation on your registered mobile number for every successful or failed IMPS transaction.

If the transaction shows as failed but the amount is debited, contact Axis Bank customer care immediately with your transaction reference number.

How to Increase Your IMPS Transfer Limit in Axis Bank

IMPS transfer limits depend on your account type and bank policies. To increase your limit:

1. Contact Axis Bank customer service via phone or branch visit.
2. Submit a written request or fill out the form to increase limits.
3. Ensure your KYC details are updated.
4. Some limits may also be increased through net banking or mobile banking settings.
5. After approval, the new limit will be effective immediately or as notified by the bank.