Axis Bank · India → France
Axis Bank to France: what it actually costs to send EUR from India
At ₹1,00,000, Axis Bank charges ₹4,236 — the 6th-cheapest of 6 banks for EUR. Indian Overseas Bank is ₹3,171 cheaper.
Last updated 7 Oct 2026
Fee breakdown
- Commission ₹1,000
- Correspondent Charge ₹2,437
- GST Commission ₹619
- GST Exchange ₹180
- Total at ₹1,00,000₹4,236
EUR rate trend at Axis Bank
Today Axis Bank sells EUR at ₹110.7800 (TT Selling) and buys it at ₹106.0500 (TT Buying). The selling rate is −0.3100 (−0.28%) since 30 Sep.
- 30-day TT Selling range: ₹109.9200 – ₹113.4200 across 11 refreshes.
- ₹1,00,000 bought between 881.68 and 909.75 EUR over that window, before charges.
What's specific to EUR at Axis Bank
- Correspondent Bank Charge (OUR) for EUR is tiered by amount — up to EUR 2,500: EUR 22; up to EUR 10,000: EUR 25; up to EUR 25,000: EUR 30; up to EUR 50,000: EUR 35; above EUR 50,000: EUR 40.
Receiving in France
- French accounts use a 27-character IBAN starting with FR plus the SWIFT/BIC code; a RIB (relevé d'identité bancaire) contains both — ask the beneficiary for it.
- Housing deposits and residence rent are usually paid to a French account, and a student cannot open one from India, so first transfers often go to the landlord or residence directly.
- Tuition is often payable by card or portal, but larger amounts are cheaper by wire in EUR; French banks rarely charge for incoming EUR wires, though an intermediary bank can deduct a fee unless you choose the OUR charge option so an intermediary bank cannot take its fee out of the credited amount.
France is 3.5 hours behind IST in summer (4.5 in winter); EUR wires typically credit the next working day.
How this compares
Indian Overseas Bank is ₹3,171 cheaper than Axis Bank for sending EUR to France.
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 Choosing BEN removes the correspondent charge from your debit, but correspondent banks deduct their own unpublished charges from what the beneficiary receives.↗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 France
What is Axis Bank's EUR rate today?
₹110.7800 per EUR is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹106.0500 is its TT Buying rate for money you receive. The selling rate is −0.3100 (−0.28%) 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 EUR to France?
On a ₹1,00,000 outward remittance, Axis Bank's all-in cost today is ₹4,236 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for EUR. The fee breakdown above shows every line item.
Is Axis Bank the cheapest bank to send EUR to France?
No — Indian Overseas Bank is currently ₹3,171 cheaper than Axis Bank for EUR to France 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 France take?
A standard SWIFT / TT outward remittance from Axis Bank to a beneficiary in France typically settles in 1–3 working days, depending on correspondent-bank routing.
What do I need to send money to France with Axis Bank?
You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in France, 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.
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.
Want the full picture?
- Axis Bank Bank: all remittance charges — every corridor Axis Bank supports, side by side
- Send money to France from India — all 6 banks compared for EUR