RemitFee

Axis Bank · India → New Zealand

Axis Bank to New Zealand: what it actually costs to send NZD from India

At ₹1,00,000, Axis Bank charges ₹2,776 — the 6th-cheapest of 6 banks for NZD. State Bank of India is ₹1,767 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

NZD rate trend at Axis Bank

Today Axis Bank sells NZD at ₹56.0300 (TT Selling) and buys it at ₹52.5400 (TT Buying). The selling rate is +0.1000 (+0.18%) since 30 Sep.

  • 30-day TT Selling range: ₹55.5700 – ₹57.4300 across 11 refreshes.
  • ₹1,00,000 bought between 1741.25 and 1799.53 NZD over that window, before charges.
Axis Bank NZD TT selling and TT buying rates, last 90 days14 Sep: TT Selling ₹57.4300 · TT Buying ₹53.940021 Sep: TT Selling ₹56.6100 · TT Buying ₹53.120023 Sep: TT Selling ₹56.2800 · TT Buying ₹52.790024 Sep: TT Selling ₹56.1500 · TT Buying ₹52.660028 Sep: TT Selling ₹56.1400 · TT Buying ₹52.650029 Sep: TT Selling ₹56.2300 · TT Buying ₹52.740030 Sep: TT Selling ₹55.9300 · TT Buying ₹52.44001 Oct: TT Selling ₹55.6900 · TT Buying ₹52.20002 Oct: TT Selling ₹55.6900 · TT Buying ₹52.20005 Oct: TT Selling ₹55.5700 · TT Buying ₹52.08007 Oct: TT Selling ₹56.0300 · TT Buying ₹52.540057.4352.0814 Sep7 Oct
TT Selling (when you send)TT Buying (when you receive)11 refreshes · INR per 1 NZD · hover a point for its values

All Axis Bank forex rates today →

What's specific to NZD at Axis Bank

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

Receiving in New Zealand

  • New Zealand accounts use a 15–16 digit number in the format bank-branch-account-suffix; the SWIFT/BIC code routes the wire. No IBANs.
  • New Zealand banks typically charge the recipient an incoming international payment fee (around NZD 10–15); some waive it for students.
  • Universities publish NZD bank details or a payment portal; wire in NZD to avoid a second conversion on arrival.

New Zealand is 6.5–7.5 hours ahead of IST; transfers sent in the Indian afternoon credit the next New Zealand business day.

How this compares

State Bank of India is ₹1,767 cheaper than Axis Bank for sending NZD to New Zealand.

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 New Zealand

What is Axis Bank's NZD rate today?

₹56.0300 per NZD is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹52.5400 is its TT Buying rate for money you receive. The selling rate is +0.1000 (+0.18%) 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 NZD to New Zealand?

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 NZD. The fee breakdown above shows every line item.

Is Axis Bank the cheapest bank to send NZD to New Zealand?

No — State Bank of India is currently ₹1,767 cheaper than Axis Bank for NZD to New Zealand 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 New Zealand take?

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

What do I need to send money to New Zealand with Axis Bank?

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