For individual account holders, the limit often extends to ₹10 lakh per transaction. However, there is technically no upper limit imposed by the NEFT system itself. Banks may set their own caps, especially for higher-value transfers, as part of their internal security protocols.
Accountholders can transfer funds in both Axis Bank and other bank accounts and make credit card payments as well. There is no limit on NEFT transaction amount and funds can be transferred online 24×7 through Axis Bank netbanking or Axis Bank mobile banking.
Yes, you can transfer Rs. 20 lakhs through RTGS. Since there is no upper limit for RTGS transactions, transferring such amounts is possible and often done for large-value payments.
Now conveniently make multiple transactions through a single file upload. All you need to do is to enter all the details in an excel file and upload it in this tool to get the formatted file required by db OnlineBanking.
An IAT bulk transaction allows you to transfer funds to multiple credit accounts from a single debit account. Bulk Inter Account Transfers are often used to make international payments. It's a streamlined process that's not only faster but more reliable and secure than other methods.
Xls Type of the excel should be in excel(97-2003) format. All the contents of the excel sheet should be in text format, except the amount which should be in number format upto 2 decimals. Save the excel file on your desktop/device and click on 'Browse' to select the file.
For individual account holders, the limit often extends to ₹10 lakh per transaction. However, there is technically no upper limit imposed by the NEFT system itself. Banks may set their own caps, especially for higher-value transfers, as part of their internal security protocols.
For example, Axis Bank sets a daily ATM withdrawal limit that ranges from ₹20,000 to ₹50,000, depending on the account type and customer profile. These limits can vary for transactions at different ATM branches, with certain premium accounts offering higher withdrawal capabilities.