Axis Bank · Outward remittance
Axis Bank Remittance Charges
Full per-currency rate sheet, fee-component breakdown, and worked totals at ₹50,000, ₹1,00,000, and ₹5,00,000 across USD, GBP, EUR, AED — all computed against Axis Bank's own data. Also called international wire transfer, SWIFT or telegraphic transfer (TT) charges.
Today's USD rate
₹98.4500
TT Selling, INR per 1 unit
Commission
₹1,000
flat
GST
18%
on Commission + Correspondent Charge
Swift / correspondent
varies
tiered by destination currency (16)
01 · Things to know
Things to know
Applies to:Resident Individual, Send Money Abroad via Internet/Mobile Banking or branch, OUR correspondent option.
- Digital waiver removed. The Sep 2026 schedule charges ₹1,000 + GST commission on digital remittances; the earlier online waiver is gone, though many guides and an older Axis PDF still say digital is free.↗
- BEN shifts charges downstream. Choosing BEN removes the correspondent charge from your debit, but correspondent banks deduct their own unpublished charges from what the beneficiary receives.↗
- GST is charged twice. You pay 18% GST on the commission and the correspondent charge, plus a separate slab GST on the amount converted (₹45 minimum, ₹10,800 cap).↗
- TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh a year (2% for education and medical) — refundable as a tax credit at ITR time.↗
▸Show 3 more notes
Other things to know
- Assured Pay is branch-only. Guaranteed full-value delivery costs USD 15 on top of OUR charges, is USD-only, and — like the SHA option — is available only at a branch.
- Returned transfers cost extra. Correspondent-bank charges on transfers rejected or returned due to incorrect details are recovered from the remitter.
Other ways to save
- NR accounts: OUR is free. Correspondent bank charges under the OUR option are NIL for outward remittances from Non-Resident accounts.↗
02 · What you'll pay
What you'll pay
Axis Bank bundles a small set of line items into the final fee. Each is computed from the rules below.
| Component | How it's calculated |
|---|---|
| Remittance Commission | Flat ₹1000 |
| Correspondent Bank Charge (OUR) | Per destination currency, tiered by amount: USD 10–70, EUR 22–40, JPY ₹2500–₹7000, GBP ₹1200, AED ₹1200, AUD ₹1200, CAD ₹1200, CHF ₹1200, DKK ₹1200, HKD ₹1200, NZD ₹1200, SAR ₹1200, SEK ₹1200, SGD ₹1200, THB ₹1200, ZAR ₹1200 |
| GST on Commission + Correspondent (18%) | 18% on commission, correspondent_charge |
| GST on Amount Exchanged | Slab by ACE; 3 bands |
03 · Today's rates
Today's rates
TT Selling = rate the bank uses when you send money abroad. TT Buying = rate applied when you receive money from abroad. Spread shows how much wider the sell rate is over the buy rate.
| Currency | TT Selling (outward) | TT Buying (inward) | Spread |
|---|---|---|---|
| USD | 98.4500 | 95.1600 | 3.46% |
| EUR | 110.7800 | 106.0500 | 4.46% |
| GBP | 131.5500 | 124.8000 | 5.41% |
| JPY | 0.6319 | 0.5920 | 6.74% |
| AED | 27.1600 | 25.5500 | 6.30% |
| AUD | 69.4900 | 65.5000 | 6.09% |
| CAD | 69.9400 | 66.1900 | 5.67% |
| CHF | 119.0700 | 113.2200 | 5.17% |
| DKK | 15.0100 | 14.0000 | 7.21% |
| HKD | 12.6900 | 11.9800 | 5.93% |
| NZD | 56.0300 | 52.5400 | 6.64% |
| SAR | 26.5800 | 25.0000 | 6.32% |
| SEK | 10.0700 | 9.2300 | 9.10% |
| SGD | 77.0400 | 74.3100 | 3.67% |
| THB | 3.0200 | 2.7300 | 10.62% |
| ZAR | 6.1000 | 5.5300 | 10.31% |
04 · Worked examples
Worked examples
Real totals at three benchmark amounts across four currencies, computed against Axis Bank's own rate sheet.
| Amount | Foreign amount | Total fees |
|---|---|---|
| USD | ||
| ₹50,000 | 507.87 USD | ₹3,361 |
| ₹1,00,000 | 1015.74 USD | ₹4,148 |
| ₹5,00,000 | 5078.72 USD | ₹5,205 |
| GBP | ||
| ₹50,000 | 380.08 GBP | ₹2,686 |
| ₹1,00,000 | 760.17 GBP | ₹2,776 |
| ₹5,00,000 | 3800.84 GBP | ₹3,136 |
| EUR | ||
| ₹50,000 | 451.35 EUR | ₹4,146 |
| ₹1,00,000 | 902.69 EUR | ₹4,236 |
| ₹5,00,000 | 4513.45 EUR | ₹4,988 |
| AED | ||
| ₹50,000 | 1840.94 AED | ₹2,686 |
| ₹1,00,000 | 3681.89 AED | ₹2,776 |
| ₹5,00,000 | 18409.43 AED | ₹3,136 |
Sending money to specific countries
Per-currency cost for Axis Bank at ₹1,00,000. Countries sharing a currency show the same total.
| Currency | Cost for ₹1L | Countries |
|---|---|---|
| USD | ₹4,148 | |
| GBP | ₹2,776 | |
| CAD | ₹2,776 | |
| AUD | ₹2,776 | |
| AED | ₹2,776 | |
| SGD | ₹2,776 | |
| EUR | ₹4,236 | |
| SAR | ₹2,776 | |
| JPY | ₹9,620 | |
| CHF | ₹2,776 | |
| NZD | ₹2,776 | |
| HKD | ₹2,776 |
FAQ — Axis Bank remittance charges
How much does Axis Bank charge for outward remittance from India?
On a ₹1,00,000 transfer in USD, Axis Bank's all-in cost today is ₹4,148 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate (rates updated 7 Oct 2026). The worked examples above show totals at other amounts and currencies.
What are Axis Bank's international wire transfer (SWIFT) charges?
A wire transfer, a SWIFT transfer and a telegraphic transfer (TT) are the same product — an outward remittance. Axis Bank charges a Remittance Commission of ₹1,000; a Correspondent Bank Charge (OUR) tiered by destination currency and amount; and 18% GST on those fees, on top of converting your rupees at its TT Selling rate. Every line is itemised in the fee table above.
Is an "international transaction charge" the same as Axis Bank's remittance charge?
No. An international transaction charge (or forex markup) is what a debit or credit card adds when you pay in a foreign currency — usually a percentage of the purchase plus GST. A SWIFT remittance from Axis Bank is priced differently: commission, SWIFT / correspondent charges and 18% GST, plus the TT Selling rate. The two never apply to the same transaction.
What exchange rate does Axis Bank use for international transfers?
Axis Bank converts your INR at its own published TT Selling rate — currently ₹98.45 per USD (rates updated 7 Oct 2026). This rate already includes the bank's margin over the mid-market rate, typically 1–2% at Indian banks, which is a real cost on top of the visible fees.
Does Axis Bank charge GST on international money transfers?
Yes — GST at 18% is charged on Axis Bank's commission (and on SWIFT / correspondent charges where the bank explicitly applies it). GST applies to the bank's fee portion, not to the amount you're sending. Every GST line is shown separately in the fee breakdown on this page.
How long does an international transfer from Axis Bank take?
A standard SWIFT / TT outward remittance from Axis Bank typically credits the beneficiary in 1–3 working days, depending on the destination country and correspondent-bank routing.
How much money can I send abroad through Axis Bank in a year?
Under the RBI's Liberalised Remittance Scheme (LRS), a resident Indian can remit up to USD 250,000 per financial year — the cap applies across all banks and purposes combined, not per bank. TCS at 20% applies above ₹10 lakh per year for most non-education purposes and is claimable in your ITR.
Try it
Run your own numbers
Adjust the amount and currency below to see live totals for Axis Bank.
TRANSFER
You pay in INR; recipient receives USD.
Used to determine if this transfer crosses the ₹10L TCS threshold.
Best deal: Indian Overseas Bank. You save ₹3,948.89 vs the most expensive.
TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.
BREAKDOWN
Outward remittance
Amount being sent $1,000.00 × ₹96.89 | ₹96,890.00 |
| Outward Remittance Commission (0.075%) | ₹250.00 |
| Swift Payment Message | ₹500.00 |
| GST on Commission + Swift (18%) | ₹135.00 |
| GST on Amount Exchanged | ₹174.40 |
| Total charges | ₹1,059.40 |
| Total payable (INR) | ₹97,949.40 |
- Amount being sent
- ₹96,890.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹174.40
- Total charges
- ₹1,059.40
$1,000.00 × ₹96.89
Total payable (INR)
₹97,949.40
Indian Overseas Bank
₹97,949.40
Cheapest
TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹96.89
- ₹96,890.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹174.40
- Total charges
- ₹1,059.40
- Total payable (INR)
- ₹97,949.40
State Bank of India
₹98,282.54
+₹333.14 vs cheapest
TT Selling rate from State Bank of India's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹97.05
- ₹97,050.00
- Branch Commission
- ₹970.50
- Correspondent Bank Charge (Remitter mode)
- ₹87.35
- GST on Amount Exchanged
- ₹174.69
- Total charges
- ₹1,232.54
- Total payable (INR)
- ₹98,282.54
ICICI Bank
₹99,466.60
+₹1,517.20 vs cheapest
TT Selling rate from ICICI Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.11
- ₹98,110.00
- Outward Remittance Commission
- ₹1,000.00
- GST on Commission (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹176.60
- Total charges
- ₹1,356.60
- Total payable (INR)
- ₹99,466.60
Kotak Mahindra Bank
₹99,697.01
+₹1,747.61 vs cheapest
TT Selling rate from Kotak Mahindra Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.34
- ₹98,340.00
- Outward Remittance Commission (Online)
- ₹500.00
- Correspondent Bank Charge
- ₹500.00
- GST on Commission + Correspondent (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹177.01
- Total charges
- ₹1,357.01
- Total payable (INR)
- ₹99,697.01
HDFC Bank
₹99,707.03
+₹1,757.63 vs cheapest
TT Selling rate from HDFC Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.35
- ₹98,350.00
- Outward Remittance Commission
- ₹1,000.00
- GST on Commission (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹177.03
- Total charges
- ₹1,357.03
- Total payable (INR)
- ₹99,707.03
Axis Bank
₹1,01,898.29
+₹3,948.89 vs cheapest
TT Selling rate from Axis Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.45
- ₹98,450.00
- Remittance Commission
- ₹1,000.00
- Correspondent Bank Charge (OUR)
- ₹1,772.10
- GST on Commission + Correspondent (18%)
- ₹498.98
- GST on Amount Exchanged
- ₹177.21
- Total charges
- ₹3,448.29
- Total payable (INR)
- ₹1,01,898.29
TCS is refundable when you file your ITR — it's a tax credit, not a fee.