- International Inward Remittances
We ensure quick, efficient and safe delivery of your funds to beneficiaries in India. You can remit funds to India easily by:
- Transfer through SWIFT
The SWIFT message is a highly secure and efficient method of fund transfer. We have arrangements with over 200 major banks across the globe to receive SWIFT messages. Most of our branches are directly connected to the globe via SWIFT to ensure that your remittances secure and safe from any place of your choice.
- Demand Drafts and Cheques
You can also send remittances to India through demand drafts and cheques payable at our branches.
- International Outward Remittances
When any person or firm or organisation resident in India, desires to transfer funds from India to any place outside India, it gives rise to foreign outward remittance. Axis Bank is an Authorised Dealer and has been delegated powers to effect outward remittances on behalf of their constituents subject to certain conditions and subject to completion of certain formalities, as enumerated in the Exchange Control Manual as amended up to date. Outward remittances can be effected by:
- Transfer through SWIFT
The SWIFT message MT 100 is highly secure, quickest and efficient method of fund transfer. We have arrangements with over 200 major banks across the globe to receive SWIFT messages. Most of our branches are directly connected to the globe via SWIFT to ensure that your remittances secure and safe from any place of your choice.
- Demand Draft
This mode of remittance of funds is used when you desire to effect remittance in favour of a named payee by means of an instrument. Upon deposit of rupee equivalent of draft amount together with commission and completion of Exchange Control requirements, you can get the DD issued in foreign currency. You can send the Demand Draft to the beneficiary, who receives payment from drawee bank on presentation.
- Sale or purchase foreign currency and Traveller Cheques
As a part of its expanding travel related services, Axis bank offers a one-stop shop for a traveller's foreign exchange needs. We can deliver foreign exchange in currency notes or widely accepted travellers cheques according to your convenience. Our services include:
- Sale of Foreign Currency Notes
As authorised dealers, we have been delegated powers by Reserve Bank of India to release foreign exchange for foreign travel. The purpose of travel can be business, vacation or education.
Our authorized branches can deliver foreign currency notes as per your entitlement in a currency of your choice. US Dollars and Pound Sterling being the general currency used by travellers.
- Sale of Foreign Currency Traveller Cheques
Traveller's cheques (TCs) is a convenient risk free form of carrying money and TCs are encashable at a number of locations across the world.
All our authorized branches sell foreign currency traveller cheques, which you can purchase according to your entitlement. You can buy a MasterCard or Visa Travellers cheques issued by American Express, Thomas Cook or Citi-Corp. Travellers cheques are sold in all major currencies.
- Purchase of Foreign Currency Notes and Travellers cheque
We purchase foreign currency notes in all major currencies from:
- Foreign tourists on a visit to India
- Indian residents surrendering surplus foreign currency
- Authorised moneychangers like Hotels, Emporia etc., who have received foreign currency towards payment of goods and services in the course of their business
- Authorised full-fledged moneychangers
All the transactions regarding buying and selling of foreign currency will be within the regulatory framework of RBI.