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Axis Forex Online international money transfers

Find out how to send money overseas through Axis Forex Online international money transfers.


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Axis Bank is India’s third largest private sector bank with its head office in Mumbai, India. The bank offers their customers the entire gamut of banking services including foreign exchange services. Axis bank offers overseas money transfers to resident Indians through their Axis Forex Online product. You can make international money transfers in more than 100 currencies to 150 countries.

Axis Forex Online foreign exchange rates

Axis Bank has a section on its Axis Forex Online website where you can select a foreign currency from a drop-down list that shows all possible currencies for its international money transfers. You can also to see the conversion rate in Indian rupees. These rates are updated on a daily basis, every working day, Monday to Friday excluding bank holidays.


Screenshot of currency converter at Axis Forex Online

To access the displayed rates, you should make the remittance request between 9:30am and 4:00pm on a working day. Ensure you transfer the funds to cover the remittance request from your bank account so that it reaches Axis Bank by 4:00pm on the same day.

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How much does it cost to transfer money with Axis Forex Online?

Axis Bank charges a flat transfer fee of INR500 per transaction, which is currently waived. You’ll also be liable to pay Goods and Services Tax (GST) as per Indian tax laws and beneficiary bank charges if applicable.

Transfer limits and available countries

There’s no clarity on Axis Bank’s website regarding the minimum transfer amount you can remit using Axis Forex Online. Contact Axis Bank customer support for more information. However, the maximum transfer amount you can remit through this product is US$25,000 or its equivalent, in a single transaction.

Before making any international money transfers, you should know that all international remittances from India need to abide by Reserve Bank of India (RBI) regulations. Under these regulations, the maximum amount of overseas remittances you are permitted to carry out every Indian financial year (April to March) is US$250,000.

You can transfer money to 150 countries across the world using Axis Forex Online. Axis Bank has a section on its website which displays the currencies you can remit overseas using this product.

Currency code Currency Currency code Currency Currency code Currency
AED Emirati dirham DZD Algerian dinar NAD Namibian dollar
AUD Australian dollar EGP Egyptian pound NGN Nigerian naira
CAD Canadian dollar ETB Ethiopian birr NIO Nicaraguan cordoba
CHF Swiss franc FJD Fijian dollar NOK Norwegian krone
DKK Danish krone GHS Ghanaian cedi OMR Omani rial
EUR Euro GMD Gambian dalasi PEN Peruvian sol
GBP British pound GTQ Guatemalan quetzal PGK Papua New Guinean kina
HKD Hong Kong dollar GYD Guyanese dollar PHP Philippine peso
NZD New Zealand dollar HNL Honduran lempira PKR Pakistani rupee
SAR Saudi Arabian riyal HRK Croatian kuna PLN Polish zloty
SEK Swedish krona HTG Haitian gourde QAR Qatari riyal
SGD Singapore dollar HUF Hungarian forint RON Romanian leu
THB Thai baht IDR Indonesian rupiah RUB Russian rouble
USD US dollar ILS Israeli shekel RWF Rwandan franc
ZAR South African rand JMD Jamaican dollar SBD Solomon Islander dollar
ALL Albanian lek JOD Jordanian dinar SCR Seychellois rupee
ANG Dutch guilder KES Kenyan shilling SLL Sierra Leonean leone
AZN Azerbaijani manat KHR Cambodian riel SRD Surinamese dollar
BBD Barbadian dollar KRW South Korean won SZL Swazi lilangeni
BDT Bangladeshi taka KWD Kuwaiti dinar TND Tunisian dinar
BGN Bulgarian lev KYD Caymanian dollar TOP Tongan pa’anga
BHD Bahraini dinar LAK Lao kip TRY Turkish lira
BMD Bermudian dollar LBP Lebanese pound TTD Trinidadian/ Tobago dollar
BND Bruneian dollar LKR Sri Lankan rupee TWD Taiwan new dollar
BOB Bolivian boliviano LSL Lesotho/Basotho loti TZS Tanzanian shilling
BWP Botswana pula LTL Lithuanian litas (Euro now used) UYU Uruguayan peso
BZD Belizean dollar MAD Moroccan dirham VND Vietnamese dong
CRC Costa Rican colon MOP Macau pataca WST Samoan tala
CVE Cape Verdean escudo MUR Mauritian rupee XAF CFA franc (BEAC)
CZK Czech koruna MVR Maldivian rufiyaa XCD East Caribbean dollar
DJF Djiboutian franc MWK Malawian kwacha XOF CFA franc (BCEAO)
DOP Dominican peso MXN Mexican peso XPF CFP franc
ZMW Zambian kwacha
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What types of transfers can you carry out with Axis Forex Online?

  • Wire Transfers.

You can make wire transfers (TT/Swift Transfers) to bank accounts in 150 countries across the world using Axis Forex Online.

The registration and transfer process

You must have an account at Axis Forex Online in order to use this service to transfer money overseas, following these steps:

  • Step 1. Register on the Axis Forex Online website by filling in your details, such as name, date of birth, gender, nationality status, etc.
  • Step 2. Add your mailing address where you’d like your Know Your Customer (KYC) documents to be picked up. Enter your email ID and mobile phone number.
  • Step 3. Verify your mobile phone number using the one-time password (OTP) sent to you.
  • Step 4. Log in to your account to complete the KYC verification process at your end. Enter details of your KYC document and permanent account number (PAN).
  • Step 5. You need to submit signed copies of your KYC documents at an Axis Bank branch. Alternately, you can have them collected by Axis Bank at a charge of INR100.
  • Step 6. After KYC verification, log in to your Axis Forex Online account, go to the wire transfer section and register your beneficiary details, including the beneficiary bank SWIFT code. You can add multiple beneficiaries if you’re looking to transfer money to more than a single beneficiary.
  • Step 7. Create a remittance request by selecting the currency and entering the amount you’d like to transfer overseas. You’ll see the converted amount in INR which you have to remit to Axis Bank to fund the wire transfer. Choose the beneficiary you’d like to remit the money to and press “Submit”.
  • Step 8. You’ll also get details of a bank pool account number, the Indian Financial System Code (IFSC) code and bank branch name. You need to add this particular pool account as a “beneficiary” in your bank’s Internet banking section. The pool account happens to be a payee account in which the money you will send in INR is collected. After the money is collected, it’s converted to the currency that you would have selected in your remittance request and transferred to your overseas beneficiary.
  • Step 9. Fund your wire transfer by remitting the money from your bank to the pool account you should have added as a beneficiary earlier. It’s advisable to add the pool account as a beneficiary well in advance before you submit the remittance request.
  • Step 10. The wire transfer is processed subsequently.

The wire transfer usually reaches the beneficiary bank account within 1 or 2 working days.

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Customer Service

You can speak to an Axis Forex Online representative by ringing them. You can also go to an Axis Bank Branch and speak to a bank representative there.

Pros and cons of using Axis Forex Online


  • You don’t need to be an Axis Bank account holder to use this product.
  • You can make international remittances from India to 150 countries across the world.
  • You can carry out overseas transfers in more than 100 currencies.
  • The entire wire transfer process can be carried out online.


  • Exchange rates are updated on the Axis Bank website only once a day.
  • The maximum amount you can transfer in a single transaction is US$25,000.
  • You must be an Indian resident to use this product.
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What other products and services does Axis Bank offer?

  • Banking Services. Axis Bank is India’s third largest private sector bank. It offers its customers various financial products and services. Some of these are bank accounts, insurance, loans, foreign exchange services and credit cards to name a few.
  • Forex Travel cards. Axis Bank can issue prepaid forex travel cards (single currency and multi-currency) in major currencies.
  • Foreign currency travellers cheques. Axis Bank can issue foreign currency travellers cheques in 6 currencies.
  • Foreign currency demand drafts. Axis bank can issue foreign currency demand drafts in 9 currencies. You can send the foreign currency demand draft overseas by courier or post. The recipient of the demand draft can present it to his bank. The bank will subsequently credit the amount to his or her bank account.
  • Buying and selling foreign exchange. Axis Bank buys and sells cash in 14 major currencies.

How does Axis Forex Online compare to other providers

Name Product Minimum Transfer Transfer Time Transfer Fee
INR 80
1 day
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.
INR 4,000
1-2 days
Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.

Compare up to 4 providers

Frequently asked questions about Axis Forex Online international money transfers

A final word

Axis Forex Online is a facility for Indian residents to make overseas remittances online without physically going to a bank or foreign exchange provider. If you want to send a sum of up to US$25,000 overseas in a single transaction, you can consider Axis Forex Online as a possible option. However, it’s a good idea to compare exchange rates and also transfer fees offered by competitors before you send money overseas using this product.

Image:Axis Forex Online

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