Yes, to change the repayment mode, you need to submit the following at the nearest Axis Bank Loan Centre:
a. one cheque for payment of swap charges
b. one cheque for the upcoming EMI cycle in case of stop payment of the existing repayment account
c. one security cheque to be issued from the new repayment account along with the NACH Mandate form. However, if the new repayment account is an Axis Bank account, no security cheque is required.