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14th March 2016, 03:05 PM
Super Moderator
Join Date: May 2012
Re: Axis Bank Money Transfer

Customer can get facility from Axis bank. They can use their account for money transfer. The importance of IMT is multi-fold.

You can use the service for any of these cases:-

The receiver prefers cash
The receiver needs money instantly / needs emergency cash
The receiver doesn't have a bank account
When you don't know the receiver's bank account details
The receiver is not within easy distance (to deliver cash or send a cheque by hand)

To send an IMT to a receiver, all you need is the receiver's mobile phone number. You can send money to a receiver by following the below mentioned process:
Initiating an IMT
Withdraw the IMT
Cancel IMT
Status Check

The following limits exist for IMT transactions:

Sender limit
Rs. 5,000 per transaction

Receiver limit (checked on his or her mobile number)
Rs. 25,000 per month

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