a. Standing Instruction (SI) : This mode can be used if your have an existing savings/ salary or current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify.
b. NACH : This mode can be used if you have a non-Axis Bank account and would like pay your EMI's to be debited automatically at the end of the monthly cycle from this account.