- Easy Savings Account
- NRI Prime Savings Account
- Mariner Account
- Priority Account
- Burgundy Account
- National Pension System (NPS)
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a. Foreign Currency Cheques/DDs: Avail Indian Rupees against cheques/Demand Drafts issued by any
bank, in any currency denomination
b. Hyperlinks- Foreign Currency Instruments and Schedule of
Charges
1. Avail Indian rupees against
foreign currency cheques and DD with Axis Bank’s foreign currency instrument collection
service provided to NRIs.
2. Customers can deposit foreign currency denominated cheque/DD
issued by overseas bank to any Axis Bank branch
in India to credit the beneficiary account by the equivalent amount.
3. Foreign Currency
Instrument Collections can be lodged in three different schemes subject to accepted currency and
payable country, as below –
4.
Final Credit Scheme (FCS)- Available only for USD currency. In this scheme funds are received after
they are realised by drawee bank which is a confirmed credit and payment is without re-course to the
Customer.
5. Cash Letter
Scheme (CLS)- Available for USD, CAD, AUD, GBP and *EUR (payable at France & Germany only)
currency. In this scheme funds received are provisional credit and payment is with re-course to
customer.
6. Direct Collection Scheme
(DCS)- All FCY Cheques/DDs that cannot be lodged under FCS & CLS are accepted under DCS, subject
to certain terms and conditions. In this scheme, the FCY cheque/other instruments are directly sent
to drawee Bank without any intermediary
for collection. Received credit would be final without possibility of return and without re-course
to the Customer.
7. All charges in addition to Axis Bank charges are to be borne by the
beneficiary which are adjusted from the
realized amount or recovered from customer’s account in case if the cheque gets returned
unpaid.
8. Schedule of Charges: Find a Local Post Box, Find an Overseas Bank
(Hyperlinks)
Schedule of Charges:
Hyperlink to schedule of charges link
For more details of Schedule of Charges Click here.
Mahesh is a Non Resident Indian (NRI) living in the UK. He is doing well in the business that he set up there....