Axis Bank is one of India’s most prominent private sector banks used for receiving and sending money internationally. However, with evolving regulations and updated fee structures in 2025, 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.
Understanding Axis Bank Charges for International Transactions
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, correspondent bank deductions, GST, currency conversion markups, and TCS where applicable. Understanding each of these is crucial to making informed financial decisions.
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Charges for Receiving Money from Abroad (Inward Remittance)
Axis Bank charges for international transactions related to inward remittance include:
| Service | Charge |
| Inward Remittance via Branch | ₹300 per transaction |
| Online Inward Remittance (via Axis Portal) | No processing charge |
| Handling Charges for Return of Import Bills | ₹1,250 + actuals |
Processing Time: 1 to 5 business days depending on remittance mode.
Charges for Sending Money Abroad (Outward Remittance)
Axis Bank charges for international transactions involving outward remittance include the following updated fees and tax guidelines as of April 2025:
| Service | Charge |
| Outward Remittance (Non-import) | ₹1,000 per transaction |
| SWIFT Charges | ₹500 per transaction |
| From FCNR/NRE Accounts | ₹100 |
| Correspondent Bank Charges (OUR option) | Actual charges levied by intermediary banks |
| GST | 18% on service charges |
| TCS (As per April 2025 Guidelines) | – 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 ₹10 lakh per financial year – 5% on the amount exceeding ₹10 lakh for self-funded education and medical remittances – 20% on the amount exceeding ₹10 lakh for all other purposes such as gifts, investments, and travel – 5% up to ₹10 lakh, then 20% above ₹10 lakh for overseas tour packages – Double TCS (10% or 40%) applies if PAN is not furnished or is invalid |
Processing Time: Typically 2 to 4 working days depending on destination country and payment channel.
Also read: All You Need To Know About TCS On International Money Transfers
Visual Insight: What Really Happens When You Send Money Abroad via Axis Bank
Ever wondered where your money goes after you hit ‘Send’? Here’s a step-by-step look at the hidden journey and costs behind a typical Axis Bank international transfer.
Currency Conversion and Other Forex Services
Axis Bank charges for international transactions also include fees related to currency services:
| Service | Charge |
| Foreign Currency Demand Draft | 0.30% of value (Min ₹200) |
| Foreign Currency Cheque Collection | 0.25% of amount (Min ₹100); return: ₹100 |
| FIRC (Foreign Inward Remittance Certificate) | ₹200 per certificate |
| Duplicate SWIFT/FIRC/Advice Copy | ₹100 per document |
| SWIFT Tracer Request | ₹500 |
Check our live exchange rates here
GST Slabs on Forex Transactions (Verified FY 2025-26)
Axis Bank charges for international transactions also include GST levied on the value of currency exchanged:
| Amount of Currency Exchanged | GST Rate |
| Up to ₹1 lakh | 0.18% of amount (Min ₹45, Max ₹180) |
| ₹1 lakh to ₹10 lakh | ₹180 + 0.09% of amount above ₹1 lakh (Max ₹990) |
| Above ₹10 lakh | ₹990 + 0.018% of amount above ₹10 lakh (Max ₹10,800) |
Credit and Forex Card Charges for International Transactions
Axis Bank credit and forex card users also incur international transaction charges:
| Service | Charge |
| Credit Card International Usage | ~2% to 3.5% of transaction amount |
| Forex Card ATM Cash Withdrawal | 0.50% or USD 75, whichever is lower |
| DCC (Dynamic Currency Conversion Fee) | Varies; often hidden in final billing |
Know more: Forex Card vs International Debit Card: 7 Key Differences Every Smart Traveler Should Know
Hidden Charges to Watch Out For
Axis Bank charges for international transactions may also include lesser-known costs such as:
- Correspondent Bank Fees: Based on SWIFT network participants
- Currency Conversion Markups: Not transparent; check live rates
- Delayed Credits: Due to international holidays or time zone lags
- TCS Deductions: Applied directly if applicable under LRS
Don’t overpay, HOP Remit compares all the best forex rates for you
Step-by-Step Guide: Sending Money Abroad via Axis Bank vs HOP Remit
Here’s how Axis Bank charges for international transactions play out in practice, compared to HOP Remit:
Via Axis Bank:
- Visit your branch or use internet banking
- Fill and submit the remittance form with documents
- Confirm exchange rate and charges
- The bank processes the transfer (2–4 days)
Via HOP Remit (moneyHOP):
- Sign up on moneyHOP platform (fully digital)
- Add beneficiary and payment purpose
- View and lock live exchange rate
- Pay using linked account or UPI
- The transfer is executed, usually same or next day
Axis Bank vs moneyHOP HOP Remit: A Smarter Alternative
If you’re looking to save more on international transfers, HOP Remit by moneyHOP offers a fast, fully digital, and low-cost platform. Here’s how it compares to Axis Bank charges for international transactions:
| Transaction Type | Axis Bank | moneyHOP (HOP Remit) |
| Outward Remittance (USD 500) | ₹1,000 + GST + SWIFT + Forex Markup | Flat, transparent charges |
| Currency Conversion Rate | Higher markup on interbank rate | Mid-market rates |
| Inward Remittance | ₹300 per transaction | Zero hidden charges |
| Processing Time | 2–4 business days | Same or next-day payouts |
Why Choose HOP Remit:
- 100% digital onboarding and transaction flow
- Live rate lock-in and zero surprise fees
- Ideal for tuition payments, living expenses, or family support
Why pay more for international money transfers when moneyHOP is here?
- NO hidden fees
- ZERO convenience fees
- Real-time updates
- Lowest exchange rates
Conclusion: Making Smarter Cross-Border Transfers in 2025
Axis Bank charges for international transactions in 2025 are detailed and layered, including fixed fees, markup on forex, SWIFT and GST. While the bank provides wide access and reliability, the cumulative charges can be significantly high.
If transparency, affordability, and speed matter, HOP Remit by moneyHOP emerges as a superior alternative. Especially for international students, NRIs, and digitally savvy users, it provides a seamless remittance experience backed by real-time tracking and compliance.
Make the switch today. Save more and stay in control with HOP Remit.
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