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Dividend payment services

Axis Bank offers several payment products to suit your various statutory payments, such as dividends or interest. We offer a whole range of customised and web-enabled collection and payment services under the cash management portfolio. Our cash management products enable efficient utilisation of your receivables, reduced costs and optimised returns, besides handling end-to-end transactions.

Features & Benefits

Extensive coverage

High branch network - covers over 98% of shareholders and beneficiaries.

Secure data transafer

New age data transfer facility i.e., file transfer through SFTP server.

Auto DD cancellation

An auto DD cancellation facility is available for DD payments.

Automatic reconciliation

Automated reconciliation statements with value-added MIS and exclusive report (up to the life of dividend payout).

Dedicated service desk

One-stop dedicated service desk at our centralised cash management operations unit to attend your queries.

Internet banking

Internet banking facility (view rights).

Product experts

Dedicated Product expert teams to provide advisory, documentation and Onboarding activities.

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Value Added Service

  • Complete handholding on remittances/FEMA compliances and regulatory reporting.
  • Auto reconciliation for 7 years/NIL account balance.
  • Tax payment services.
  • Dedicated payment cell to ensure efficient resolution of queries.

Eligibility & Documentation

All extant KYC guidelines applicable for opening current accounts

Disclaimer

Product offering is subject to certain eligibility criteria as per Bank's internal policy and is subject to Bank's discretion.

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