RemitFee

Axis Bank · India → Hong Kong

Axis Bank to Hong Kong: what it actually costs to send HKD from India

At ₹1,00,000, Axis Bank charges ₹2,776 — the 6th-cheapest of 6 banks for HKD. State Bank of India is ₹2,596 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

HKD rate trend at Axis Bank

Today Axis Bank sells HKD at ₹12.6900 (TT Selling) and buys it at ₹11.9800 (TT Buying). The selling rate is +0.1100 (+0.87%) since 30 Sep.

  • 30-day TT Selling range: ₹12.5400 – ₹12.6900 across 11 refreshes.
  • ₹1,00,000 bought between 7880.22 and 7974.48 HKD over that window, before charges.
Axis Bank HKD TT selling and TT buying rates, last 90 days14 Sep: TT Selling ₹12.5600 · TT Buying ₹11.850021 Sep: TT Selling ₹12.5700 · TT Buying ₹11.860023 Sep: TT Selling ₹12.5400 · TT Buying ₹11.830024 Sep: TT Selling ₹12.5800 · TT Buying ₹11.870028 Sep: TT Selling ₹12.5900 · TT Buying ₹11.880029 Sep: TT Selling ₹12.6100 · TT Buying ₹11.900030 Sep: TT Selling ₹12.5800 · TT Buying ₹11.87001 Oct: TT Selling ₹12.5800 · TT Buying ₹11.87002 Oct: TT Selling ₹12.5800 · TT Buying ₹11.87005 Oct: TT Selling ₹12.6200 · TT Buying ₹11.91007 Oct: TT Selling ₹12.6900 · TT Buying ₹11.980012.6911.8314 Sep7 Oct
TT Selling (when you send)TT Buying (when you receive)11 refreshes · INR per 1 HKD · hover a point for its values

All Axis Bank forex rates today →

What's specific to HKD at Axis Bank

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

Receiving in Hong Kong

  • Hong Kong accounts use a 3-digit bank code plus a 6–9 digit account number; the SWIFT/BIC code routes the wire. No IBANs.
  • HSBC, Hang Seng, Standard Chartered and Bank of China (HK) commonly charge the recipient a fee for an incoming telegraphic transfer (often HKD 50–65); FPS cannot receive a SWIFT wire.
  • Many payees accept HKD or USD; send HKD so the amount is not converted a second time on arrival.

Hong Kong is 2.5 hours ahead of IST; morning transfers from India often credit the same day.

How this compares

State Bank of India is ₹2,596 cheaper than Axis Bank for sending HKD to Hong Kong.

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 Hong Kong

What is Axis Bank's HKD rate today?

₹12.6900 per HKD is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹11.9800 is its TT Buying rate for money you receive. The selling rate is +0.1100 (+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 HKD to Hong Kong?

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 HKD. The fee breakdown above shows every line item.

Is Axis Bank the cheapest bank to send HKD to Hong Kong?

No — State Bank of India is currently ₹2,596 cheaper than Axis Bank for HKD to Hong Kong 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 Hong Kong take?

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

What do I need to send money to Hong Kong with Axis Bank?

You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in Hong Kong, 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.

Want the full picture?