| Facilities | Registration | Transaction Process | Charges | Time |
| ACH | Log onto AxisRemit Online | Online transfer of funds by logging onto AxisRemit | NIL | 3 working days for one time registration and account verification before first transaction. Overall 5 working days for fund transfer. |
| Smart Wire | Log onto AxisRemit Online | Book your transaction online through AxisRemit and submit instruction to your local bank in USA | NIL | 2 working days |
| Wire Transfer | Not Required | Visit your local bank in USA to remit funds to any Axis Bank account in India | As per your local bank | Within 24 hrs after receipt of fund in Nostro Account |
| FCC/DDs | Not Required | PPresent your foreign currency cheques / DDs at any Axis Bank Branch in India | As per your local bank | 21 working days |
Automated Clearing House
Automated Clearing House or ACH is an electronic network for financial transactions in the United States. It is a reliable and efficient fund transfer system governed by the National Automated Clearing House Association's operating rules that authorizes inter-bank clearing of electronic payments in United States.
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Money Transfer Process
- Fill up the Registration Form and create your own User ID
- Click on Send money now and add Beneficiary / Account Details
- Select the country and the mode of transfer as ACH
- Fill in your Bank account details and your Social Security Number
- Confirm your transaction and receive a transaction reference number
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Account Verification
In case of ACH, your details are verified through a one-time verification process, which takes 3 working days. As per verification process, bank originates a sub-dollar transaction (low value debit and credit below US$1.00) in your account and you are requested to key in the exact amount of such transaction in AxisRemit. If the amount keyed in by you matches with the amount of debit/credit raised by us, then your Registration gets activated and the transaction is processed.
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Charges
There are no transaction charges levied by Axis Bank. However, service tax as mandated by Government of India, is applicable. For further details, please refer the link on Fees and Charges for Online Transfer. -
Transaction Limits
Minimum Transaction size: USD 100
Maximum Transaction size: USD 10,000
No. Of Transaction Total Transaction Volume Daily 3 USD 30,000 Weekly 7 USD 70,000 Anually 15 USD 120,000
Smart Wire
Through Smart Wire Transfer, you can transfer money to India in as short a time as 48 hours. Smart Wire gives you a printed wire instruction form and a tracking number to track your remittance online.
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Money Transfer Process
- Fill up the Registration Form, and create your own User ID
- Click on Send money now and add Beneficiary / Account Details
- Select the country and the mode of transfer as Wire Transfer
- Fill in your Bank account details and your Social Security Number
- Confirm your transaction and receive a transaction reference number and a printed wire transfer form
- Take a print of the wire transfer form, sign on it and submit it to your local bank to initiate the transfer
- You can track your transfer online with the help of the transaction reference number
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Charges
There are no transaction charges levied by Axis Bank. However, service tax as mandated by Government of India, is applicable. For further details, please refer the link on Fees and Charges for Online Transfer.
Please note that your local bank may charge for the wire transfer. -
Transaction Limits
Minimum Transaction size: USD 100
Maximum Transaction size: USD 10,000
No. Of Transaction Total Transaction Volume Daily 3 USD 100,000 Weekly 7 USD 700,000 Anually 15 USD 1,200,000
Wire Transfer
Axis Bank enables you to transfer funds to your beneficiaries through the most efficient channels offered by the bank. Through these channels, Axis Bank ensures complete security and facilitates quick & easy transfer of your funds.
The Wire Transfer (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 which ensures secure and safe remittance from any place of your choice.
The Wire Transfer (SWIFT message) is a highly secured and efficient method of fund transfer. We have arrangements with over 200 major banks across the globe to receive SWIFT messages which ensures secured and safe remittance from any place of your choice.
We facilitate wire transfer of funds in 15 currencies that includes USD, EURO, GBP, AUD, CAD, SGD, JPY and others. A consolidated list of Axis Bank accounts in these currencies is available at https://www.axisbank.com/xmlapplication/nri/remittances/images/NostroAccounts.pdf.
Wire Transfer facility offers following benefits :
1) Most secure channel for fund transfer
2) Competitive exchange rates
3) Direct Credit to your Axis Account
4) Funds delivered in less than 48 hours
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Money Transfer Process
1) Fill up the Remittance Form. To download the form click here
2) Provide following details in the remittance form. These details in respective currencies are available at https://www.axisbank.com/xmlapplication/nri/remittances/images/NostroAccounts.pdf
- Correspondent Bank Name and Swift Code
- Axis Bank's Nostro Account Number
- Ultimate Beneficiary's account name and account number with Axis Bank
- Transfer instructions including the transfer amount
3) Submit the duly filled Remittance Form to your Bank to initiate Wire Transfer -
Charges
Refer the charge structure for Wire Transfer facility click here -
Customer Support
- Have us call you: Axis Bank believes in reaching to the clients. Just provide your details in the attached form at our website and we will call you as per your defined convenience schedule.
- Write to us at axisremit@axisbank.com or nricell@axisbank.com and help us serve you better
Foreign Currency Cheques/DDs
You can now deposit any currency denominated demand drafts issued by any bank and avail Indian Rupees against the draft. Simply visit any Axis Bank branch in India and get the beneficiary account credited by the equivalent amount, with no hassles. Equivalently, you can also mail cheques / DDs to your Branch in India along with an instruction letter mentioning the account number where the funds have to be credited.
This mode of transfer allows faster and hassle free transfers, and freedom from volatile exchange rates as the demand draft issued to you is in fixed amount.
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Charges
Contact your local Bank to know the charges involved with Wire Transfer
Xpress Money
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Money Transfer Process
- Sender fills up the Xpress Money 'Send Now' form at an Xpress Money outlet abroad and pays the principal amount plus charges
- Sender collects a unique 16 digit XPIN and informs Receiver the XPIN, and the amount remitted
- Receiver visits the Axis Bank branch & fills up the Receive Now Form with transactions details
- Provides valid identification documents (ID Proof + Address Proof)
- Receiver collects money in Indian Rupees
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Benefits
- No bank account required.
- Service available at all Axis Bank Branches
- No charges collected from the Receiver
- Cash payments upto Rs 50,000 per transaction
- Beneficiary can receive up to 12 payments in a calendar year
- SMS to sender on payment confirmation
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Restrictions
- Operates under the guidelines under the Money Transfer Service Scheme of RBI
- Personal remittance towards family maintenance and remittance favoring foreign tourist can be send through MTSS. (Trade related remittances, remittances towards purchase of property, investments or credit to NRE / FCNR / Donations, contributions to charitable organizations not allowed under this arrangement.)
- Maximum limit of USD 2,500 per transaction
MoneyGram
At Axis Bank we believe in making your Money Transfers fast and simple and hence, we offer you the facility of MoneyGram, one of the leading brands in instant money transfers across the globe. MoneyGram has a global reach through a network of 233,000 local agents across 191 countries and territories giving you real convenience and flexibility. So with MoneyGram you're never far away from a fast and easy money transfer.
The MoneyGram facility is available from Axis Bank branches in the states of Punjab, Kerala, Goa and Maharashtra (Mumbai & Thane) only. For the list of Axis Bank branches making payments, click here.
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Features
- Instant Transfer within few minutes from booking of the transaction abroad.
- Remittance received in Indian Rupees, without deducting any charges from the receiver.
- Personal remittance towards family maintenance and remittance favoring foreign tourist can be send through MoneyGram. (Trade related remittances, remittances towards purchase of property, investments or credit to NRE / FCNR / Donations, contributions to charitable organizations are not allowed)
- Cash payable up to INR 50,000.
- DD/PayOrder payable up to Indian Rupees equivalent of USD 2500
- Receiver can receive up to 12 payments in a calendar year.
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Benefits
- Quick Your money is where it's needed in just 10 minutes.*
- Convenient with 233,000 money transfer agents around the world, youre never far away from MoneyGram and book the transaction from any MoneyGram agent near you.
- Available to everyone the receiver and the sender do not need a bank account
- Free for the receiver the receiver will not have to pay any amount in India and the entire amount would be provided to the receiver.
- Cash may be provided to the beneficiary for up to INR 50,000
- Easy Minimal documentation required
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Money Transfer Process - Send transaction:
- Step 1: Visit your MoneyGram agent, taking some personal identification with you (as per the regulations in your send country).
- Step 2:Complete a simple "send" form and hand this to the MoneyGram agent along with the money you want to send and the transfer fee.
- Step 3: You will be given a 8 digit reference number.
- Step 4:Contact the person to whom youre sending the money, and give him or her the reference number. In just 10 minutes the money will be ready to collect.
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Money Transfer Process - Receive transaction:
- Step 1: Receiver visits the Axis Bank branch with the reference number and an Identity proof and Address proof.
- Step 2: Receiver fills in the application form and provides the filled-in application form, along with the reference number and documentation to the branch executive.
- Step 3: Receiver collects funds in Indian Rupees.
EzRemit
At Axis Bank we believe in making your money transfers fast and simple and hence, we offer you the facility of inward remittances through EzRemit, one of the leading brands in instant money transfers across the globe. EzRemit provides remittance services in over 50 countries with more than 30,000 agent locations. With state of the art technology, reliable service and wide-ranging expertise, EzRemit offers a secure and trusted means of transferring money effectively and efficiently.
The EzRemit facility is available from all Axis Bank branches across India.
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Features
- Instant Transfer - within few minutes from booking of the transaction abroad.
- Remittance received in Indian Rupees, without deducting any charges from the receiver.
- Personal remittance towards family maintenance and remittance favoring foreign tourist can be send through EzRemit. (Trade related remittances, remittances towards purchase of property, investments or credit to NRE / FCNR / Donations, contributions to charitable organizations are not allowed)
- Cash payable up to INR 50,000.
- DD/PayOrder payable up to Indian Rupees equivalent of USD 2500
- Receiver can receive up to 12 payments in a calendar year.
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Benefits
- Wide reach Available from all Axis Bank branches.
- Quick - Your money is available for payment within minutes of depositing it at the EzRemit agent
- Available to everyone - The receiver and the sender do not require a bank account
- Free for the receiver - the receiver will not have to pay any amount in India and the entire amount would be provided to the receiver.
- Cash - Remittance may be received in cash up to INR 50,000
- Easy - Minimal documentation required
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EzRemit Money Transfer Process - Send transaction:
- Step 1: Visit your EzRemit agent, taking some personal identification with you (as per the regulations in your send country).
- Step 2: Complete a simple "send" form and hand this to the agent along with the remittance money and the fee.
- Step 3: You will be given a 12 - digit reference number.
- Step 4: Contact the person to whom you're sending the money, and give him or her the reference number. In few minutes, the money will be ready for payment.
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EzRemit Money Transfer Process - Receive transaction:
- Step 1: Receiver visits the Axis Bank branch with the reference number and an Identity proof and Address proof.
- Step 2: Receiver fills in the application form and provides the filled-in application form, along with the reference number and documentation to the branch executive.
- Step 3: Receiver collects funds in Indian Rupees.
