- Current Account
- Pay
- Collect
- Trade
Services
Solution for Exporters
- Debt & Working Capital
24x7 Loans
For MSMEs with turnover up to ₹30 Cr
- Treasury
- Transact Digitally
- Home
- Corporate
- Custodial Capital account
- Dividend payment services
Dividend payment services
Honour your statutory payments through Dividend/Interest Distribution account Services
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.
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
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.
