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Axis Bank · India → Australia

Axis Bank to Australia: what it actually costs to send AUD from India

At ₹1,00,000, Axis Bank charges ₹2,776 — the 6th-cheapest of 6 banks for AUD. Indian Overseas Bank is ₹1,711 cheaper.

Last updated 7 Oct 2026

Fee breakdown

  • Commission ₹1,000
  • Correspondent Charge ₹1,200
  • GST Commission ₹396
  • GST Exchange ₹180
  • Total at ₹1,00,000₹2,776

AUD rate trend at Axis Bank

Today Axis Bank sells AUD at ₹69.4900 (TT Selling) and buys it at ₹65.5000 (TT Buying). The selling rate is +0.6000 (+0.87%) since 30 Sep.

  • 30-day TT Selling range: ₹68.6300 – ₹70.4700 across 11 refreshes.
  • ₹1,00,000 bought between 1419.04 and 1457.09 AUD over that window, before charges.
Axis Bank AUD TT selling and TT buying rates, last 90 days14 Sep: TT Selling ₹70.4700 · TT Buying ₹66.480021 Sep: TT Selling ₹70.2600 · TT Buying ₹66.270023 Sep: TT Selling ₹69.8800 · TT Buying ₹65.890024 Sep: TT Selling ₹69.3700 · TT Buying ₹65.380028 Sep: TT Selling ₹69.3900 · TT Buying ₹65.400029 Sep: TT Selling ₹69.4300 · TT Buying ₹65.440030 Sep: TT Selling ₹68.8900 · TT Buying ₹64.90001 Oct: TT Selling ₹68.6300 · TT Buying ₹64.64002 Oct: TT Selling ₹68.6300 · TT Buying ₹64.64005 Oct: TT Selling ₹68.7900 · TT Buying ₹64.80007 Oct: TT Selling ₹69.4900 · TT Buying ₹65.500070.4764.6414 Sep7 Oct
TT Selling (when you send)TT Buying (when you receive)11 refreshes · INR per 1 AUD · hover a point for its values

All Axis Bank forex rates today →

What's specific to AUD at Axis Bank

  • Correspondent Bank Charge (OUR): flat ₹1,200 for AUD.

Receiving in Australia

  • Australian accounts are identified by a 6-digit BSB code and the account number; the SWIFT/BIC code routes the international leg. Australia does not use IBANs.
  • The big Australian banks often charge the recipient an incoming international transfer fee (typically AUD 10–15); some waive it for payments that arrive in AUD.
  • Universities publish their own AUD bank details or a payment portal; a direct wire in AUD avoids the portal's conversion margin.

Australia is 2.5–5.5 hours ahead of IST, so a transfer sent in the Indian afternoon typically credits the next Australian business day.

How this compares

Indian Overseas Bank is ₹1,711 cheaper than Axis Bank for sending AUD to Australia.

See the full side-by-side →

Axis Bank — 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.↗

FAQ — Axis Bank to Australia

What is Axis Bank's AUD rate today?

₹69.4900 per AUD is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹65.5000 is its TT Buying rate for money you receive. The selling rate is +0.6000 (+0.87%) since 30 Sep. The full sheet with a 90-day chart is on the Axis Bank forex rates page.

How much does Axis Bank charge to send AUD to Australia?

On a ₹1,00,000 outward remittance, Axis Bank's all-in cost today is ₹2,776 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for AUD. The fee breakdown above shows every line item.

Is Axis Bank the cheapest bank to send AUD to Australia?

No — Indian Overseas Bank is currently ₹1,711 cheaper than Axis Bank for AUD to Australia at ₹1,00,000. Axis Bank ranks 6th of 6 banks in our coverage for this corridor.

How long does a Axis Bank transfer to Australia take?

A standard SWIFT / TT outward remittance from Axis Bank to a beneficiary in Australia typically settles in 1–3 working days, depending on correspondent-bank routing.

What do I need to send money to Australia with Axis Bank?

You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in Australia, and proof of source of funds for larger amounts. TCS at 20% applies above ₹10 lakh per financial year for most non-education purposes and is claimable in your ITR.

Run your own numbers

TRANSFER

You pay in INR; recipient receives USD.

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.

INR / 1 USD

TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.

BREAKDOWN

Outward remittance

Amount being sent
₹96,890.00

$1,000.00 × ₹96.89

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

TCS is refundable when you file your ITR — it's a tax credit, not a fee.

Estimate only. Correspondent-bank charges are included only where the bank publishes them (Kotak, Axis, SBI); elsewhere they are a pass-through not shown here. Exchange rates shown are indicative. Mid-market rates by Exchange Rate API, updated daily.

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