AXI is a sub-protocol of ARM Advanced Microcontroller bus architecture (AMBA). This AMBA AXI protocol is focused on high-overall performance and high-frequency design and it consists of capabilities that make it appropriate for high-speed IP interconnect. VIP is a great technique and it's far evolved with the aid of using industry specialists for decreasing the time in the testbench environment. VIP is a built-in structure for verification of on-chip transactions and it's a far gift to the internal of SoC. In this paper, the testbench is written and verified for the Write and Read Transactions between master and slave and also for other test cases like out-of-order transactions, associative arrays, same read write addresses, etc.