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- Long Tenure Forwards
Long Tenure Forwards
Axis bank offers Long Tenure Forwards for clients who satisfy the criteria according to the policies of Axis Bank and RBI. Axis Bank is offering long term forward contracts for clients to fix their exchange rate into the future for a tenure more than 13 months.
This account comes with a host of unique features:
- Zero Monthly Average balance Requirement
- Extended benefits in cash deposits, withdrawal, chequebook, NEFT and RTGS
- Nil Monthly Service charge
- Classic , Supreme and Platinum options available for debit card. Click here
Eligibility & Documentation
Based on ISDA, RBI guidelines, FEDAI guidelines, Axis Bank and other RBI policies
Long Tenure Forwards- How it Works?
There are three steps according to RBI guidelines:
- 01
A product disclosure statement is sent to the client which gives him information about the product.
- 02
The client is contacted by the Axis Bank sales team who confirm the deal parameters on voicing according to which TS is finalised.
- 03
Finally the prepared TS is sent to client along with risk disclosure statement to be confirmed on email.
