FX-Retail

Introduced by the Reserve Bank of India and developed by the Clearing Corporation of India Ltd. (CCIL), FX-Retail is an electronic trading platform for retail banking customers to buy and sell foreign exchange. This platform has been launched on August 05, 2019, to know more visit https://www.clearcorp.co.in/web/clearcorp/fx-retail1 The Bank’s account holders can also use FX-Retail for which customer needs to register on the platform as a one-time measure. Subsequently, to execute any buy or sell transaction customer can approach their bank which will have the appropriate amount limit and mark-up defined in the FX-Retail platform for that transactions. To enhance accessibility and user experience, FX-Retail has now been integrated with Bharat Connect, operated by NPCI Bharat Connect, to know more visit - https://www.clearcorp.co.in/documents/d/clearcorp/fx-retail_ccil_bcc_251124

Features & Benefits

Access for all customers

Enables transactions across individuals, corporates, trusts, cooperative banks, foreign portfolio investors, foreign institutional investors, etc.

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Flexibility of delivery

The platform is linked to the FX-Clear platform which provides access to the ongoing spot rates in the inter-bank market.

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High transaction limit

There is no cap on the number of transactions a customer can carry out during a day (subject to the overall amount limit placed by Axis Bank). Further, the transaction

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End-to-End digital* Fulfilment

Book and complete deals online without branch visits. Axis Bank FX-Retail offers a simple,

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Send money abroad and Reload your Forex Card

Send money abroad for the following purposes –

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Transaction Limits

Remittances and Forex Card reloads supported up to USD 10,000 per transaction**

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For further details about the platform, customer can visit the CCIL website https://www.ccilindia.com

Registration Process

Why Choose Axis?

Registration Process

To register for FX-Retail simply follow these steps:

  • 01

    Step 1

    Customers visits the FX-Retail portal at www.fxretail.co.in

  • 02

    Step 2

    Click on ‘Register Here button’ and completes the registration process by providing the required information including the Axis bank account details.

  • 03

    Step 3

    Bank receives and approves the registration request after scrutinising the relevant details of the customer. Please note that the details provided by customer on FX-Retail platform need to match with those on record with the Bank for the registration request to be approved by the Bank.

  • 04

    Step 4

    Once the registration request is approved, the access credentials for the platform shall be sent to customer on registered email address.

  • 05

    Step 5

    Post successful registration, customer can then login to the FX-Retail portal from the next forex working day.

Why Choose Axis?

Transaction process - Axis Bank FX-Retail Bharat Connect

  • 01

    Onboarding

    1. Access FX-Retail via Bharat Connect-enabled apps
    2. Select Forex category , follow the steps to register, and get your unique FX-Retail Customer ID

  • 02

    Book your deal

    1. Choose Axis Bank as your relationship bank
    2. Enter deal amount and select fulfilment mode (branch or digital)
    3. Pay the principal amount via UPI or Net Banking
    4. Receive instant confirmation via email and SMS

  • 03

    Complete your deal

    1. Fulfil your deal digitally or at an Axis Bank branch
    2. Forex Card reloads happen instantly
    3. Remittances are credited within 48 working hours after processing

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Fees & Charges

Click below to know the fees and charges of FX-Retail including the registration charges and transaction charges

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