In case of ACH Transfers, your overseas account details are verified through a one-time verification process, which takes upto 3 working days. As part of this process, Axis Bank originates sub-dollar transactions (credit and debit of less than a dollar) of random value into your registered account. You are requested to input the exact amount of such transaction in your AxisRemit account. If the amount entered matches with the amount of debit/credit raised by us, then the verification is successful.
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.
Minimum Transaction size: USD 100
Maximum Transaction size: USD 7,500
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Please note that a new transaction cannot be initiated in case three transactions are under process.