Progress with us...
 
internet banking
Personal
Corporate
Mutual Fund
CMS and Payment Solution
CARDS
Power Access
AxisRemit Online
Remit Money
eDGE Loyalty Rewards
  • LOG IN

Current Accounts

Resident Foreign Currency (Domestic) Account

Holding foreign currency is no longer restricted to the NRIs. For the first time Reserve Bank of India has allowed Resident Indians to maintain foreign currency accounts without any ceiling to it.

SMS CA to 5675672

  • fb
  • twit
  • insta
  • mail

Foreign Currency Banking

Resident Indians can bank with foreign currency holdings of upto USD 2000

Save in Different Currencies

USD, Euro, GBP and Japanese Yen

Insulation from Forex Fluctuations

Protection against Rupee depreciation

No Commission Charges

Zero commission charge for foreign currency transactions

Features and Benefits

In continuation of the Reserve Bank of India’s endeavour to ensure Full Capital Convertibility, with our Resident Foreign Currency Account, even resident Indians can now maintain foreign currency without any ceiling or interest implications

Hold non-interest bearing current account in USD, EURO, GBP and Japanese Yen

Maintain desired amount of foreign currency balance, as opposed to a prior upper limit of USD 2,000

Low minimum opening deposit of USD 100 or GBP 60 or EURO 100 or Japanese Yen 20,000
5% quarterly charges applicable, on failure to maintain minimum balance

For payments to be made in foreign currency; debits to the account can be made only via Demand Draft (DD) and Telegraphic Transfer (TT), in case of payments made abroad
For payments in Indian Rupees, cash can be withdrawn from the account and funds from the account can be converted into Rupees without restrictions

Facilitate commission-free foreign currency payments, for:

  • Foreign travel expenses
  • Medical treatment abroad
  • Gifts up to USD 5,000 or equivalent
  • Education
  • Online purchase of booksl

Protection of foreign currency from Rupee-Dollar rate fluctuations and insulation from The adversities of Rupee depreciation

Access iConnect for help with all enquiries as ATM facilities are currently unavailable

WHAT'S NEW ?

burgundy inside

Experience Burgundy Wealth Management

The choices you make in your life are unique. So are our financial solutions.

KNOW MORE

AL-GaneshChaturthi

Avail festive offers on Auto Loan

With zero part payment and foreclosure charges* 

APPLY NOW

ABYB Pin Banner Inside

Take Charge of Your Progress

Join the Axis Bank Young Bankers Program

KNOW MORE

Home-Loan

Get up to 12 EMI off*

With Axis Bank Fast Forward Home Loan

KNOW MORE

ALL ACCOUNTS

Savings Accounts

Current Accounts

Salary Accounts

Other Accounts

Your Browser is Outdated!

Please check your browser version & upgrade to one of the following browsers to continue banking with us.

Upgrade your web browser today

Please check your browser version & upgrade to one of the following browsers to continue banking with us.