Axis Bank · India → UAE
Axis Bank to UAE: what it actually costs to send AED from India
At ₹1,00,000, Axis Bank charges ₹2,776 — the 6th-cheapest of 6 banks for AED. ICICI 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
AED rate trend at Axis Bank
Today Axis Bank sells AED at ₹27.1600 (TT Selling) and buys it at ₹25.5500 (TT Buying). The selling rate is +0.2400 (+0.89%) since 30 Sep.
- 30-day TT Selling range: ₹26.8300 – ₹27.1600 across 11 refreshes.
- ₹1,00,000 bought between 3681.89 and 3727.17 AED over that window, before charges.
What's specific to AED at Axis Bank
- Correspondent Bank Charge (OUR): flat ₹1,200 for AED.
Receiving in UAE
- UAE accounts use a 23-character IBAN starting with AE; the SWIFT/BIC code routes the wire. Central Bank rules mean a wire without a valid IBAN is returned.
- There is no income tax on the receiving side, and many UAE banks do not charge for incoming international transfers into personal accounts — though a correspondent deduction can still appear unless you choose the OUR charge option so an intermediary bank cannot take its fee out of the credited amount.
- For property or school payments the payee usually needs the purpose stated on the wire; the purpose code you pick on the A2 form travels with the SWIFT message.
The UAE is 1.5 hours behind IST and works Monday–Friday; AED wires usually credit the same or the next working day.
How this compares
ICICI Bank is ₹1,711 cheaper than Axis Bank for sending AED to UAE.
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 Choosing BEN removes the correspondent charge from your debit, but correspondent banks deduct their own unpublished charges from what the beneficiary receives.↗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 UAE
What is Axis Bank's AED rate today?
₹27.1600 per AED is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹25.5500 is its TT Buying rate for money you receive. The selling rate is +0.2400 (+0.89%) 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 AED to UAE?
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 AED. The fee breakdown above shows every line item.
Is Axis Bank the cheapest bank to send AED to UAE?
No — ICICI Bank is currently ₹1,711 cheaper than Axis Bank for AED to UAE 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 UAE take?
A standard SWIFT / TT outward remittance from Axis Bank to a beneficiary in UAE typically settles in 1–3 working days, depending on correspondent-bank routing.
What do I need to send money to UAE with Axis Bank?
You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in UAE, 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 UAE from India — all 6 banks compared for AED