{"id":6441,"date":"2024-09-03T08:13:32","date_gmt":"2024-09-03T08:13:32","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=6441"},"modified":"2024-09-03T10:50:47","modified_gmt":"2024-09-03T10:50:47","slug":"axis-bank-outward-remittance-complete-guide-and-tips-to-save","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/axis-bank-outward-remittance-complete-guide-and-tips-to-save\/","title":{"rendered":"Axis Bank Outward Remittance: Complete Guide and Tips to Save"},"content":{"rendered":"\n
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Are you about to send money abroad using Axis Bank\u2019s outward remittance? Hold on! Before you start, let\u2019s ensure you understand the process, fees, and hidden costs to keep an eye on. This guide will take you step-by-step through Axis Bank\u2019s outward remittance service to help you make the best choice. Let\u2019s dive in!<\/p>\n\n\n\n

Steps for Online Axis Bank International Fund Transfer<\/h1>\n\n\n\n
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1 Login to your Axis Mobile Banking App\u00a0<\/p>\n<\/div><\/div>\n\n\n\n

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2 Select the \u2018Payments\u2019 tab and click on \u2018Send Money Abroad\u2019<\/p>\n<\/div><\/div>\n\n\n\n

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3 Add an existing payee<\/p>\n<\/div><\/div>\n\n\n\n

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3 Add a new payee by entering details such as name, account number, address, and SWIFT code. (After your request, technically, 30 minutes are taken to add a new payee)\u00a0
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4 Once added, an ‘Active’ indication appears next to the name. Further, click on the \u2018Pay\u2019 button beside it<\/p>\n<\/div><\/div>\n\n\n\n

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5 Enter the required information and select the appropriate option under the \u2018Payment Details\u2019 section<\/p>\n<\/div><\/div>\n\n\n\n

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6 A page that indicates exchange rates and charges is displayed. Accept the ‘Terms and Conditions’ and click \u2018Confirm\u2019<\/p>\n<\/div><\/div>\n\n\n\n

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7 Finally, Enter your MPIN to authenticate the transaction.<\/p>\n<\/div><\/div>\n\n\n\n

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How to Send Money Abroad from Axis Bank Branch<\/h1>\n\n\n\n

Both Axis Bank account holders and non-account holders can send money abroad through Axis Bank at the nearest bank branch. Non-account holder customers can send funds in 16 foreign currencies.\u00a0<\/p>\n\n\n\n

To request an international transfer, visit the Axis Bank branch between 9:30 AM and 4:30 PM and submit the filled-in Axis Bank Outward Remittance Form<\/a> and the documents to support the money transfer purpose<\/a>.<\/p>\n\n\n\n

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Transfer Time for Axis Bank International Remittance<\/h1>\n\n\n\n

Approximately, internationally transferred funds take 3-5 working days<\/strong> to reach the beneficiary. Also, note that transaction requests sent before 4 PM IST shall be processed on the same day. However, requests after 4 PM IST or on international holidays shall only be processed on the next working day.<\/p>\n\n\n\n

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Exchange Rates and Charges for Axis Bank International Money Transfer\u00a0\u00a0<\/h1>\n\n\n\n
Charges<\/strong><\/td>Amount Charged<\/strong><\/td><\/tr>
Outward remittance charges (Indian Residents)<\/td>INR 1000\u00a0<\/td><\/tr>
Outward remittance charges (NRE\/ FCNR(B) account holders)<\/td>INR 100\u00a0<\/td><\/tr>
SWIFT charges<\/td>INR 500<\/td><\/tr>
Forex markup (profit added to mid-market rate)<\/td>1%-3%<\/td><\/tr><\/tbody><\/table>
Source<\/em>1<\/a><\/sup><\/figcaption><\/figure>\n\n\n\n
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Transfer Limit for Axis Bank International Remittance<\/h1>\n\n\n\n