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IFSC Banking Unit (IBU), GIFT City
International Financial Services Centre Banking Unit (IBU) is located in Gujarat International Finance Tec - (GIFT) City in Gandhinagar, Gujarat, India. GIFT is a Multi Services Special Economic Zone and is India's first established financial and IT services hub designed on the lines of established financial centres such as Tokyo, Shanghai, New York, London, Hong Kong and Singapore. GIFT Master Plan facilitates Multi-Services SEZ with IFSC (International Financial Services Centre) status, Domestic Finance Centre and associated social infrastructure.
Axis Bank Limited opened its IFSC Banking Unit (IBU) in GIFT City, Gandhinagar- Gujarat on November 1, 2017, as an offshore branch. An IBU is equivalent to an Overseas Branch for all practical purposes. It facilitates as a base for world class international banking services in the country. IBU is established with an objective to drive the Bank’s International Business. It is to cater to Overseas JV / WOS of India based relationships and provide FC denominated financial products for Corporate and Retail entities. Axis IBU has dedicated Corporate Banking, Trade, Treasury Dealing Room, Capital Market desk and Retail Banking.
Multi-purpose cards for global technology firms
Family Investment Fund (FIF)
IFSC- GIFT City as the preferred destination, for facilitating self-managed investment fund of your family office
.webp "Global Treasury Centre (GTC)")
Global Treasury Centre (GTC)
Opportunities for Global and Indian corporates to onshore their Global Treasury Functions
Capital Market
Explore our range of Capital Market services designed for your unique needs.
Loans and Advances
Banking solution to finance short and long-term business needs in foreign currency
Disclosure & Policy
Disclosure & Policy
Frequently Asked Questions
GIFT City is being developed as a global financial and IT Services hub, The purpose of setting up the GIFT City is to develop a world-class smart city that becomes a global financial hub with the development of an IFSC. GIFT City is a central business hub with state-of-theart infrastructure and first of its kind operational smart city in India. GIFT City is home to domestic and international, financial services and IT/ ITES sectors.
International Financial Services Centre (IFSC) is established to cater customers outside the jurisdiction of the domestic economy. International Financial Services Centre Authority established under International Financial Services Centres Authority Act, 2019 The main objective of the IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole.
Axis Bank, IFSC Banking Unit is offering fund based (ECB, FCTL, RCF), Non fund based (LC,BG, SBLC), Trade & Transaction Banking (Buyers Credit, RA financing, SBLC discounting, Loan against Deposit, Current account, Saving account, term deposits), Treasury solutions (Derivatives, Forwards, NDF) and capital market services to customers at competitive pricing.
IBU can deal in all foreign currency other than India Rupees.
Current, Savings or term deposits can be opened, held and maintained in a freely convertible foreign currency (USD/EURO/as approved by Bank) by an individual & non individuals subject to such conditions as may be specified by the IFSCA. However, cash transactions are not permitted.
No, the deposits of IBUs are not covered by deposit insurance in India.
IFSC Entities can open SNRR account for meeting their administrative expenses.
Contact Us
Office Timings
Monday to Saturday (IST 9:30 AM to 6:30 PM)
Except 2nd and 4th Saturday public/declared holidays as notified by government of Gujarat
Email ID
Giftcity.Operations@axisbank.comOffice Address
Unit No 1401, 14th Floor, Brigade International Financial Center (BIFC) Building GIFT SEZ GIFT City Gandhinagar 382355
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