Fees and Charges - Axis Bank Fx-Retail
Introduced by the Reserve Bank of India and developed by the Clearing Corporation of India Ltd. (CCIL), FX-Retail is an electronic trading platform for retail banking customers to buy and sell foreign exchange.
This platform has been launched on August 05, 2019 and is available at https://www.fxretail.co.in. The Bank’s account holders can also use FX-Retail for which customer needs to register on the platform as a one-time measure. Subsequently, to execute any buy or sell transaction customer can approach their bank which will have the appropriate amount limit and mark-up defined in the FX-Retail platform for that transaction.
|Non Individuals||Rs. 1,000*|
|Up to USD 50,000 in a day||No Charges|
|Above USD 50,000 in a day||0.0004% on the entire transaction value in INR*|
* GST is applicable on the above charges
Please note that the above charges are levied by CCIL and are collected by the Bank for usage of FX-Retail platform. Transaction processing charges levied by the bank shall additionally apply, where ever applicable