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How to use
Non- Axis Bank
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By Banking Channel
Track live forex markets and undertake forex trade transactions in real time, through our online deal booking platform
Eligibility and Documentation
Features and Benefits
FxConnect is an online forex deal booking platform offered to corporate customers having forex relationship with Axis Bank. It enables the user to track the live market rates and undertake a transaction in desired currency pair at ongoing market levels.
Customers can use FxConnect for covering all their trade related flows, inward and outward remittance transactions. Forward contracts can be booked and cancelled through FxConnect. Customers who are authorised to enter into long Term Forward Contract (LTFX) with Axis Bank can cover such transaction through FxConnect in allowed currency pairs. Money changers can use FxConnect to cover retail transactions.
Currency pairs in which transaction can be undertaken over FxConnect is decided by Axis Bank. Allowed currency pairs may change from time to time depending as per the Bank's discretion. Generally, all currency pairs in which the Bank publishes card rates and G7 currency pairs are available on the system.
FxConnect is available on handheld in the form of FxConnect Mobile App. At present FxConnect Mobile App can be downloaded from Google Play Store and Apple iOS.
Corporates and Money Changers having forex relationship with Axis Bank can avail FxConnect services. At present, retail customers cannot avail FxConnect services.
An application form with Terms and Conditions of availing FxConnect facility along with Board Resolution in format specified by the Bank and list of authorised signatories has to be submitted by the applicant. The documents have to be submitted to the Axis Bank branch where the customer is maintaining relationship.
Upper limit per transaction for each currency pair are defined in the system. These limits can be changed from time to time as per Bank’s discretion. There is no restriction on number of transactions that can be booked during a day within available limit of the customer.
FxConnect is aimed at providing an additional means of dealing which is efficient and convenient. Once a deal is undertaken over FxConnect the customer has to only submit the requisite documents to branch. However, in case the FxConnect is not available due to some technical failure the customer can contact Bank’s officials at Branch or dealing room to undertake the transaction.
Customer on-boarded on FxConnect is linked to a particular branch which takes care of client servicing like, processing of documents and resolving client queries. Once a transaction is undertaken on the FxConnect, the customer has to submit the document to the branch he is linked to. Failure to submit the documents may lead to reversal of transaction and loss if any on such reversals would be borne by the customer.
FxConnect is available at free of cost for up to two user ids per customer. For availing any additional user ID the customer will have to pay the applicable amount.
Fees and Charges
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At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further.
This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely mybustickets.in. Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www.axisbank.com
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