Need to send money overseas? Choose Axis Bank for a seamless experience. As India’s third-largest private bank, regulated by the Reserve Bank of India, Axis Bank started in 1993 and operates from its headquarters in Mumbai. It offers efficient Axis Bank International Transfers with competitive rates, low fees, and support for over 100 currencies via the Axis Mobile App.
Keep reading to know more about the Axis Bank International transfer exchange rate, fees, costs, top destinations to send money to, and the application process.
Table of contents
- Why Choose Axis Bank International Transfer?
- Types of Axis Bank International Transfers
- Axis Bank International Transfer: Fees and Costs Explained
- How Fast Is an Axis Bank International Transfer?
- Information Needed for Axis Bank International Transfer
- How to Get Started With Axis Bank to Send and Receive Money?
- Pros and Cons of Using Axis Bank International Transfer
- Top Destinations for Axis Bank International Transfers
- FAQs on Axis Bank International Transfer
Why Choose Axis Bank International Transfer?
Axis Bank makes sending money abroad simple and reliable. Discover why Axis Bank international transfer stands out with its efficient services and customer-focused features. Here’s what makes it a top choice for global remittances.
- Send money in 100+ currencies to any bank worldwide.
- Enjoy competitive exchange rates with no hidden dual conversion fees.
- Transfer funds quickly using the secure Axis Mobile App or Internet Banking.
- Get notifications when your beneficiary registers and when the money arrives.
With these features, Axis Bank International Transfer suits individuals, businesses, and NRIs needing fast global remittances.
Also Read: Axis Bank Student Account: Major Features, Eligibility, Interest Rate
Types of Axis Bank International Transfers
Sending money abroad comes with options, and Axis Bank delivers flexibility. Whether you need speed or specific payment methods, Axis Bank International Transfer caters to various needs. Check out the three transfer types available to pick the best one for you.
- Wire Transfers: Send funds to over 200 banks worldwide in 40 currencies. Perfect for urgent payments.
- Bank Transfers: Transfer money from India to popular destinations like the USA, UK, Europe, Singapore, and Canada.
- Cheque Transfers: Send foreign currency cheques and receive payments in rupees (additional charges may apply).
Note: Balance transfers aren’t available for international transactions.
Axis Bank International Transfer: Fees and Costs Explained
Understanding fees ensures you’re prepared for an Axis Bank International Transfer. Costs can add up, so knowing what you’ll pay upfront avoids surprises. Here’s a clear breakdown of the charges involved.
| Term | Meaning | Fees |
|---|---|---|
| Transfer Fee | Upfront charge for processing the transfer | – Resident accounts: INR 250<br>- Non-resident accounts: INR 100<br>- Non-resident priority accounts: INR 25 |
| Transfer Rate (Cheque) | Fee for cheque-based transfers | USD 11-USD 17.5 (INR 903.85–1,437) per transfer + possible withdrawal charges |
| Exchange Rate Markup | Percentage added to the mid-market rate | 1-3% above the base rate (e.g., INR 1,500 on a INR 50,000 transfer) |
| SWIFT Fees | Cost for using the SWIFT network | INR 500 (varies by branch) |
Axis Bank Transfer Fees
Axis Bank has a low upfront fee. However, markup fees and swift fees are charged for the Axis Bank International transfer. That is, you will have to pay the general transfer fee + exchange rate markup + SWIFT charges. Those who are receiving International payments would need to pay an additional INR 500.
Axis Bank Exchange Rates: What to Expect
Exchange rates play a big role in how much your recipient gets. With Axis Bank International Transfer, you’ll face a small markup that’s common across banks. Learn how it impacts your transfer and what to expect.
Axis Bank applies a markup of 1-3% on the mid-market exchange rate for Axis Bank International Transfers. For instance, sending INR 50,000 to the USA might incur an extra INR 1,500 in markup. This is standard across most banks, but always check the live rate on the Axis Mobile App or Internet Banking for accuracy.
Axis Bank Additional Cost with Axis Bank International Transfer
Extra charges can sneak into international transfers, and Axis Bank is no exception. Beyond the basics, intermediary fees might affect your Axis Bank International Transfer. Stay informed to keep costs in check.
Beyond the transfer fee and markup, Axis Bank charges a SWIFT fee (typically INR 500) to cover intermediary bank costs in the SWIFT network. The recipient’s bank might also deduct fees, so confirm with them to avoid surprises.
How Fast Is an Axis Bank International Transfer?
Timing matters when sending money abroad. Axis Bank International Transfer uses a trusted network that balances speed and security. Find out how long your transfer will take to reach its destination.
Using the SWIFT network, Axis Bank International Transfers take 3-5 working days to reach the recipient. The process involves 1-3 intermediary banks, ensuring reliability over speed. Track your transfer easily via the Axis Bank online tool.
Annual Transfer Limit for Axis Bank International Transfers
Limits keep international transfers regulated, and Axis Bank follows India’s rules. Knowing the cap helps you plan your Axis Bank International Transfer effectively. Here’s what you need to know.
Axis Bank sets a USD 250,000 annual limit per account holder for international transfers, aligning with India’s Liberalised Remittance Scheme (LRS). Stay within this cap to comply with regulations.
Axis Bank Swift Code for International Transfers
SWIFT codes ensure your money lands in the right account. For an Axis Bank international transfer, the detail of Swift code is crucial for receiving funds. To receive money, share your branch’s SWIFT code with the sender.
For example, Axis Bank’s Mumbai main branch uses AXISINBBXXX. Contact your branch or check online for the exact code, as it varies by location.
Also Read: WHAT IS SWIFT WIRE TRANSFER?
Information Needed for Axis Bank International Transfer
Smooth transfers require the right details. Whether sending or receiving via Axis Bank international transfer, accuracy is key. We have listed the information that you need to provide to arrange your payment. Information needs to be provided to receive the payment as well.
| Payment Details | Details required to receive money from abroad |
| Full name of the Beneficiary | Full name |
| Bank account of the Beneficiary/IBAN | Bank account number |
| Bank name and address of the Beneficiary | The Axis Bank SWIFT code |
| The SWIFT code and transit number | |
| Additional information like the sort code in the UK | – |
| Reason for payment | – |
| Documents to justify the reason for payment (If applicable) | – |
How to Get Started With Axis Bank to Send and Receive Money?
Getting started with Axis Bank is straightforward. Whether you’re sending or receiving, Axis Bank International Transfer offers simple steps to follow. Dive into the process below.
Steps to Send Money
Below are the steps that an individual needs to follow for Axis Bank International Transfer.
- Sign up for an Axis bank account with your photo ID and proof of residence.
- Login to Internet Banking, click on ‘Fortex option’
- Click on outward remittance
- Register the International Payee by filling in the necessary details
- Make your payment after 30 minutes of registration of the payee
International Transfer: Axis Bank app
Axis Bank International transfer can be done with the help of the Axis Bank app as well. It can be made 24/7 365 days a year without the hassle and with security assurance.
- To make the payment download the Axis Mobile App and sign in to your account
- Select the ‘send money’ option and register the International Payee
- Fill out the details required for the International Payee
- Make the payment after 30 minutes of registration of the Payee
Steps to Receive Money
To receive International funds individuals can follow the instructions below.
- Share your bank details (account number, SWIFT code) with the sender.
- Wait for 2-5 business days to receive money through wire transfer
- Track your transaction with the help of the Axis Bank online tool
Also read –Credit Card for International Students
Pros and Cons of Using Axis Bank International Transfer
Every service has strengths and weaknesses. Evaluating Axis Bank International Transfer helps you decide if it’s right for you. Check out the Pros and Cons of Axis Bank international transfer here.
Pros of Axis Bank International Transfer
- Supports wire transfers to 200+ banks in 40 currencies.
- Competitive rates with no dual conversion fees.
- Highly rated Axis Mobile App for easy transfers.
Cons of Axis Bank International Transfer
- 1-3% exchange rate markup lacks full transparency.
- Extra fees vary by branch and recipient bank.
- No instant transfers—expect 3-5 days.
Top Destinations for Axis Bank International Transfers
Wondering where you can send money? Axis Bank International transfers covers key global hotspots and fund transfer can be made in several countries. Below is the list of countries where Axis Bank offers SWIFT money transfers.
Axis Bank delivers a solid option for sending money abroad with its wide currency support, competitive rates, and user-friendly app. While markup fees and transfer times exist, the process remains straightforward. Start your Axis Bank International Transfer today—download the app or visit a branch to explore your options!
FAQs on Axis Bank International Transfer
Axis Bank international transfer is a service that lets you send money overseas efficiently using the Axis Mobile App or Internet Banking. It supports over 100 currencies, offers competitive exchange rates, and caters to individuals, businesses, and NRIs needing reliable global remittances.
Yes, Axis Bank International Transfer allows you to send money to any bank worldwide, making it highly versatile. Popular destinations include the USA, UK, Canada, Singapore, and Europe, with support for wire transfers to over 200 banks in 40 currencies.
To make Axis Bank international transfer walk into any Axis Bank, and fill in the required documents. Finally, ask for your International Fund Transfer. For this purpose, you can visit any Axis Bank Branch between 9:30 am – 4:00p.
For an Axis Bank International Transfer, you’ll pay a transfer fee of INR 25-250 (depending on your account type), a 1-3% exchange rate markup, and a SWIFT fee of about INR 500. Additional charges may apply for cheque transfers or incoming payments, so check the details before sending.
Axis Bank international transfers take less than 24 working hours for the funds to be deposited into the beneficiary’s account.
The annual limit for an Axis Bank International Transfer is USD 250,000 per account holder, as set by India’s Liberalised Remittance Scheme (LRS). This cap ensures compliance with regulations, so plan your transfers accordingly to stay within the limit.
To begin an Axis Bank International Transfer, open an account with your photo ID and address proof, then log in to Internet Banking or the Axis Mobile App. Register your international payee with their details, wait 30 minutes, and send your payment securely.
For a smooth Axis Bank International Transfer, provide the beneficiary’s full name, bank account number or IBAN, bank name and address, and SWIFT code, along with the payment reason. When receiving, share your account details and branch SWIFT code to ensure accuracy and avoid delays.
Yes, Axis Bank charges an incoming fee of INR 500 for receiving an Axis Bank International Transfer, which is standard for processing. The recipient’s bank might also deduct additional fees, so confirm with them to understand the full cost.
The SWIFT code for an Axis Bank International Transfer varies by branch—for instance, Mumbai’s main branch uses AXISINBBXXX. Contact your specific branch or check online to get the correct code, as it’s essential for directing funds accurately.
Absolutely, the Axis Mobile App provides a secure platform for Axis Bank international transfers, available 24/7 with top-notch encryption. Its high rating on Google Play Store reflects its reliability, giving you peace of mind for hassle-free transactions anytime.
Axis Bank allows international transfers in more than 150+ countries in more than 100+ currencies. The bank offers competitive exchange rates and quick and smooth transactions. The Axis Bank International transfer is best suited to transfer money to certain countries such as the US and Canada. To discover more finance articles like this one, reach out to Fly Finance and the study abroad experts at Leverage Edu.
