{"id":6689,"date":"2025-05-07T12:43:00","date_gmt":"2025-05-07T07:13:00","guid":{"rendered":"https:\/\/hop-api.moneyhop.co\/blog\/?p=6689"},"modified":"2026-02-14T12:51:30","modified_gmt":"2026-02-14T07:21:30","slug":"axis-bank-charges-for-international-transactions","status":"publish","type":"post","link":"https:\/\/new-dev.moneyhop.co\/blog\/axis-bank-charges-for-international-transactions\/","title":{"rendered":"Axis Bank Charges for International Transactions: A Complete 2026 Guide"},"content":{"rendered":"\n

Axis Bank is one of India’s most prominent private sector banks, used for receiving and sending money internationally<\/a>. However, with evolving regulations and updated fee structures in 2026, understanding the full scope of Axis Bank charges for international transactions is essential to avoid unexpected costs. This blog provides a comprehensive and accurate breakdown of all the charges involved in foreign transactions through Axis Bank and introduces you to a more cost-effective alternative: HOP Remit by moneyHOP.<\/p>\n\n\n\n

<\/span>Axis Bank International Transaction Charges at a Glance<\/span><\/h2>\n\n\n\n

Axis Bank international transactions typically include multiple cost layers. Forex markup ranges around 3.5% on debit and credit card spends<\/strong>, while ATM withdrawals abroad may attract \u20b9125 – \u20b9150 per transaction plus ~3.5% forex markup<\/strong>. Wire transfers involve outward remittance fees (often \u20b91,000 – <\/strong>\u20b92,500+), GST, and intermediary bank charges. Exchange rate margins further increase the total cost. Understanding these components and comparing alternatives helps optimize overall remittance and spending expenses.<\/p>\n\n\n\n

<\/span>Understanding Axis Bank Charges for International Transactions<\/span><\/h2>\n\n\n\n

When initiating or receiving international transactions through Axis Bank, there are multiple charges and components involved. The Axis Bank charges for international transactions include processing fees, SWIFT charges<\/a>, correspondent bank deductions, GST, currency conversion markups, and TCS where applicable. Understanding each of these is crucial to making informed financial decisions.<\/p>\n\n\n\n

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<\/span>Charges for Receiving Money from Abroad (Inward Remittance)<\/span><\/h2>\n\n\n\n

Axis Bank charges for international transactions related to inward remittance include:<\/p>\n\n\n\n

Service<\/strong><\/td>Charge<\/strong><\/td><\/tr>
Inward Remittance via Branch<\/td>\u20b9300 per transaction<\/td><\/tr>
Online Inward Remittance (via Axis Portal)<\/td>No processing charge<\/td><\/tr>
Handling Charges for Return of Import Bills<\/td>\u20b91,250 + actuals<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Processing Time:<\/strong> 1 to 5 business days, depending on remittance mode.<\/p>\n\n\n\n

<\/span>Charges for Sending Money Abroad (Outward Remittance)<\/span><\/h2>\n\n\n\n

Axis Bank charges for international transactions involving outward remittance include the following updated fees and tax guidelines as of April 2025:<\/p>\n\n\n\n

Service<\/strong><\/td>Charge<\/strong><\/td><\/tr>
Outward Remittance (Non-import)<\/td>\u20b91,000 per transaction<\/td><\/tr>
SWIFT Charges<\/td>\u20b9500 per transaction<\/td><\/tr>
From FCNR\/NRE Accounts<\/td>\u20b9100<\/td><\/tr>
Correspondent Bank Charges (OUR option)<\/td>Actual charges levied by intermediary banks<\/td><\/tr>
GST<\/td>18% on service charges<\/td><\/tr>
TCS (As per April 2025 Guidelines)<\/td>– 0% for education remittance funded via loans from financial institutions under Section 80E of the Income Tax Act
– 0% on education (self-funded) and medical remittances up to \u20b910 lakh per financial year
– 5% on the amount exceeding \u20b910 lakh for self-funded education and medical remittances
– 20% on the amount exceeding \u20b910 lakh for all other purposes such as gifts, investments, and travel
– 5% up to \u20b910 lakh, then 20% above \u20b910 lakh for overseas tour packages
– Double TCS (10% or 40%) applies if PAN is not furnished or is invalid<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Processing Time:<\/strong> Typically 2 to 4 working days, depending onthe destination country and payment channel.<\/p>\n\n\n\n

Also read:<\/strong> All You Need To Know About TCS On International Money Transfers<\/a><\/em><\/strong><\/p>\n\n\n\n

<\/span>Visual Insight: What Really Happens When You Send Money Abroad via Axis Bank<\/span><\/h2>\n\n\n\n

Ever wondered where your money goes after you hit \u2018Send\u2019? Here’s a step-by-step look at the hidden journey and costs behind a typical Axis Bank international transfer.<\/p>\n\n\n\n

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<\/span>Currency Conversion and Other Forex Services<\/span><\/h2>\n\n\n\n

Axis Bank charges for international transactions also include fees related to currency services:<\/p>\n\n\n\n

Service<\/strong><\/td>Charge<\/strong><\/td><\/tr>
Foreign Currency Demand Draft<\/td>0.30% of value (Min \u20b9200)<\/td><\/tr>
Foreign Currency Cheque Collection<\/td>0.25% of amount (Min \u20b9100); return: \u20b9100<\/td><\/tr>
FIRC (Foreign Inward Remittance Certificate)<\/td>\u20b9200 per certificate<\/td><\/tr>
Duplicate SWIFT\/FIRC\/Advice Copy<\/td>\u20b9100 per document<\/td><\/tr>
SWIFT Tracer Request<\/td>\u20b9500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Check our live exchange rates here<\/a><\/em><\/strong><\/p>\n\n\n\n

<\/span>GST Slabs on Forex Transactions (Verified FY 2025-26)<\/span><\/h2>\n\n\n\n

Axis Bank charges for international transactions also include GST levied on the value of currency exchanged:<\/p>\n\n\n\n

Amount of Currency Exchanged<\/strong><\/td>GST Rate<\/strong><\/td><\/tr>
Up to \u20b91 lakh<\/td>0.18% of amount (Min \u20b945, Max \u20b9180)<\/td><\/tr>
\u20b91 lakh to \u20b910 lakh<\/td>\u20b9180 + 0.09% of amount above \u20b91 lakh (Max \u20b9990)<\/td><\/tr>
Above \u20b910 lakh<\/td>\u20b9990 + 0.018% of amount above \u20b910 lakh (Max \u20b910,800)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/span>Credit and Forex Card Charges for International Transactions<\/span><\/h2>\n\n\n\n

Axis Bank credit and forex card users also incur international transaction charges:<\/p>\n\n\n\n

Service<\/strong><\/td>Charge<\/strong><\/td><\/tr>
Credit Card International Usage<\/td>~2% to 3.5% of transaction amount<\/td><\/tr>
Forex Card ATM Cash Withdrawal<\/td>0.50% or USD 75, whichever is lower<\/td><\/tr>
DCC (Dynamic Currency Conversion Fee)<\/td>Varies; often hidden in final billing<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Know more:<\/strong> Forex Card vs International Debit Card: 7 Key Differences Every Smart Traveler Should Know<\/a><\/em><\/strong><\/p>\n\n\n\n

<\/span>Hidden Charges to Watch Out For<\/span><\/h2>\n\n\n\n

Axis Bank charges for international transactions may also include lesser-known costs such as:<\/p>\n\n\n\n