How to find Axis Bank IFSC Code and MICR Code?-axis-bank-ifsc-code

Axis Bank IFSC Code can be found on the chequebooks issued by Axis bank to its account holders. Additionally, accountholders can get Axis Bank IFSC Code from the bank’s official website or any third-party financial website. NEFT NEFT stands for National Electronic Funds Transfer. NEFT transactions aren’t real-time & are settled in batches. A NEFT settlement takes place with all the NEFT transactions that are received till a particular cut-off period. If transactions are initiated post the cut-off time, then they will be processed by the bank on the next working day. There isn’t any minimum or maximum amount limit for a NEFT transaction. RTGS It stands for Real-Time Gross Settlement. It is a system wherein funds are transferred from source bank to destination bank in real-time. Fund settlement in “real-time” means that the money is transferred almost instantly. Once an RTGS is processed, it is irreversible. The minimum amount limit for an RTGS transfer is 2 lakhs and there is no maximum limit. RTGS is ideal for transactions in which the fund value is high and has to be cleared on an urgent basis.