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Forex

Foreign Currency Demand Draft

Features and Benefits

Make payment using Foreign Currency Demand Draft

  • Axis Bank provides you the facility of Demand Draft in foreign currencies for making payments abroad for various purposes including university fees, medical fees, migrating to other countries etc.
  • You can send the Demand Draft to the beneficiary, who receives payment from drawee bank on presenting the draft.
  • Axis Bank offers Foreign Currency Demand Drafts in 9 currencies - United States Dollars (USD), Great Britain Pounds (GBP), EURO (EUR), Australian Dollars (AUD), Canadian dollars (CAD), Hong Kong Dollars (HKD), Swiss Francs (CHF), Singapore Dollars (SGD), Saudi Riyal (SAR)
Advantages:
  • Faster and hassle free remittance solutions
  • Wide distribution network of Axis Bank Branches in India
  • Arrangements with Correspondent Banks across the globe
  • Competitive foreign exchange rates and charges
  • Facilities for non-Axis Bank customers also

With effect from 12th June 2017, the issuance fees of foreign currency demand draft will be revised to INR 500/- plus service tax.

For information on the exchange rates and other charges, please visit the nearest Axis Bank branch.


Important Notice

  • Please be informed, the following purposes of remittance has been subsumed under the Liberalised Remittance Scheme for a limit of USD 250,000 per financial year: Private visits to any country; Gifts or Donation; Employment abroad; Emigration; Family maintenance; Travel for business, conference etc., Medical expenses; Studies Abroad and any other Current account transaction
  • Kindly ensure your PAN is updated with the bank for successful International Fund Transfer and Travel Card transactions

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