- No fee to transfer money
- Takes 2 to 3 days to deposit money
- Allows remittance up to $22,500 per day
AxisRemit is offered by Axis Bank, one of the well reputed and major banks of India, to NRI who have Axis bank account as well as to those who don’t have an Axis Bank account. NRI living in USA can transfer money to India using AxisRemit for personal purpose with any of the three supported methods - ACH Transfer, Smart Wire and Wire Transfer. Business transactions are not allowed!
One of the major advantages of using AxisRemit service is the ability to transfer large sums of money in a single day. Up to $22,500 can be transferred per day in 3 three transactions and its by far the best limit available for customers who want to transfer large sums of money to India. Like other banks, AxisRemit also does not charge any fee on transfers but takes a cut in exchange rate for offering remittance services.
Most of the transfers take around 2-3 business days to complete and for customers who are in instant money transfer needs, AxisRemit may not be the right option. In all supported methods, AxisRemit allows its customers to opt for either locked exchange rate or indicative exchange rate before initiating the transfer. Exchange rates are fairly competitive with its peers in the Industry.
To transfer money to India, Axis Remit charges the following fee
Following payment options are available for Senders to initiate money transfers