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Wire Transfer

Use SWIFT to transfer funds in 40 currencies, from a local overseas bank to an Axis Bank account in Indiar

About this service

Wire Transfer is an electronic mode of fund transfer (through SWIFT) from your local bank overseas to your Axis Bank account in India. Axis Bank has arrangements with over 200 major banks across the globe to receive SWIFT messages which ensures safe and secure remittance to your Axis Bank account from any place of your choice.

We support Wire transfers in 40 currencies, including USD, EUR, GBP, AUD, CAD, SGD and others, through our wide Correspondent Bank network. Consolidated list of Axis Bank’s Correspondent Banks and our accounts in these currencies is available at Nostro Account Details.

Features/Benefits:

  • Most secured channel for fund transfer
  • Competitive exchange rates
  • Direct Credit to your Axis account in less than 48 hours
  • Most convenient channel for creating FCNR deposits

To Initiate a Wire Transfer, remitter needs to share the following information with their local bank:

  • Correspondent Bank Name, Swift Code & Correspondent Account No. These details are available at Nostro Account Details for all 40 currencies offered under the channel.
  • Beneficiary Bank Name, Address & Branch SWIFT Code
  • Beneficiary Name, Account Number and Purpose of Transaction.

You may also use our SimplyWire Form to generate the information required to be submitted to your local bank in an easy-to-use form.

Refer the charge structure for Wire Transfer facility Schedule of Charges.

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 nri.services@axisbank.com and help us serve you better.


Important Notes

  • All wire transfers will be processed at Axis Bank’s Retail Card Rate prevailing on the date of processing. Transactions of value less than equivalent to INR 15 lacs will be processed in a straight through manner and credited to the customer’s account. For any deviation, please contact your Axis Bank Branch.
  • If you wish to retain the funds in foreign currency for the purpose of opening an FCNR deposit, the SWIFT message necessarily needs to carry specific instructions for the same in Field 70/72. Any foreign exchange loss incurred due to reconversion of the converted funds in the absence of such specific instructions in the SWIFT message will be borne by the customer.
  • All foreign currency conversion transactions will be subject to Service Tax (Amendment) Rules, 2012 of the Government of India w.e.f. 1st April 2012. Please click here for the slab-wise Service Tax rates.
  • Your local bank, its Correspondent Bank and other Banks in the payment chain, if any, may levy charges for the wire transfer.

SimplyWire Form

Correspondant Bank Details

FAQs

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