Axis Bank · India → USA
Axis Bank to USA: what it actually costs to send USD from India
At ₹1,00,000, Axis Bank charges ₹4,148 — the 6th-cheapest of 6 banks for USD. Indian Overseas Bank is ₹3,083 cheaper.
Last updated 7 Oct 2026
Fee breakdown
- Commission ₹1,000
- Correspondent Charge ₹2,363
- GST Commission ₹605
- GST Exchange ₹180
- Total at ₹1,00,000₹4,148
USD rate trend at Axis Bank
Today Axis Bank sells USD at ₹98.4500 (TT Selling) and buys it at ₹95.1600 (TT Buying). The selling rate is +0.8800 (+0.90%) since 30 Sep.
- 30-day TT Selling range: ₹97.2300 – ₹98.4500 across 11 refreshes.
- ₹1,00,000 bought between 1015.74 and 1028.49 USD over that window, before charges.
What's specific to USD at Axis Bank
- Correspondent Bank Charge (OUR) for USD is tiered by amount — up to USD 500: USD 10; up to USD 1,000: USD 18; up to USD 2,500: USD 24; up to USD 5,000: USD 28; up to USD 10,000: USD 30; up to USD 25,000: USD 32; up to USD 50,000: USD 35; up to USD 1,00,000: USD 55; above USD 1,00,000: USD 70.
Receiving in USA
- US banks identify accounts by a 9-digit ABA routing number plus the account number; the SWIFT/BIC code routes the international leg. Both go on the A2 form — a wire with only one of them is delayed or returned.
- Many US banks charge the recipient an incoming international wire fee — commonly USD 15–25 — on top of whatever the Indian bank charged. It shows up as a deduction on the US side, never on your Indian receipt.
- Universities often collect fees through Flywire or Convera rather than a direct wire; those platforms quote their own rate, so compare it with the TT Selling rates on this page before paying.
The US is 9.5–12.5 hours behind IST in summer (10.5–13.5 in winter), so a transfer initiated in the Indian morning usually reaches the US bank on the same US business day; weekends and US bank holidays add a day.
How this compares
Indian Overseas Bank is ₹3,083 cheaper than Axis Bank for sending USD to USA.
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 Choosing BEN removes the correspondent charge from your debit, but correspondent banks deduct their own unpublished charges from what the beneficiary receives.↗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 USA
What is Axis Bank's USD rate today?
₹98.4500 per USD is Axis Bank's TT Selling rate today — the rate applied when you send — and ₹95.1600 is its TT Buying rate for money you receive. The selling rate is +0.8800 (+0.90%) 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 USD to USA?
On a ₹1,00,000 outward remittance, Axis Bank's all-in cost today is ₹4,148 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for USD. The fee breakdown above shows every line item.
Is Axis Bank the cheapest bank to send USD to USA?
No — Indian Overseas Bank is currently ₹3,083 cheaper than Axis Bank for USD to USA 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 USA take?
A standard SWIFT / TT outward remittance from Axis Bank to a beneficiary in USA typically settles in 1–3 working days, depending on correspondent-bank routing.
What do I need to send money to USA with Axis Bank?
You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in USA, 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 USA from India — all 6 banks compared for USD