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Bringing India closer to you
Send money to India with confidence from around the world
Easy international fund transfer
How to initiate International Fund Transfer in local (foreign) currency?
International fund transfer by visiting local overseas branch
- 01
Visit your overseas Bank's Branch
- 02
Request for fund transfer in local (Foreign) currency
- 03
Fill & submit the fund transfer application form there at local (Overseas) bank
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Initiate wire transfer from your local bank overseas using their online (internet banking) or offline facility mentioning Axis Bank’s correspondent bank (NOSTRO account) details.
Please select currency of remittance to get the correspondent bank details
Currency
ZAR
Correspondent Bank Name
ABSA BANK
Correspondent Bank Swift Code
ABSAZAJJ
Nostro Account Number
769968ZAR671201
Other Information
Routing No. : 632-005
Mandatory Information While Initiating Fund Transfer
For hassle-free & timely processing of transaction, please share the following information with your local overseas bank:
| Information | Description |
|---|---|
| Correspondent (Nostro) Bank Name / Swift Code / Correspondent (Nostro) bank's account number | Please refer list of Correspondent (Nostro) Bank for details |
| Beneficiary Bank name, Address & Branch SWIFT code | Provide receiving Axis Bank's branch name. Axis Bank SWIFT code can be mentioned as 'AXISINBBXXX' |
| Beneficiary name, Account Number and Purpose of remittance | Provide the receiving (beneficiary) account details |
| Mention charges as "OUR" | To avoid charges at beneficiary's end |
You may also use our Simply Wire Online Form to generate the above information in one-go, which is required to initiate international fund transfer in local (foreign) currency.
For placing request for FCNR Deposits, mention beneficiary Customer-Id instead of NRE/NRO account number for opening a FCNR fixed deposit with Axis Bank. Also, mention ‘FCNR’ under remittance/sender information field to avoid funds getting converted in INR.
Frequently Asked Questions
To send money to India, you'll need the recipient’s full name, address, and bank account details, including the account number and IFSC code. Additionally, having the recipient’s contact information and the purpose of the transfer is essential for completing the transaction accurately and securely.
Exchange rates for sending money to India fluctuate based on market conditions. Rates can vary between different transfer services and may also include margins added to the base rate.
Exchange rates for sending money to India fluctuate based on market conditions and the service provider. Rates can vary between different transfer services and may also include margins added to the base rate. It’s advisable to compare rates from various providers to get the best value for your money transfer.
Yes, sending money to India is subject to regulations and restrictions. The Reserve Bank of India (RBI) and Foreign Exchange Management Act (FEMA) govern these transactions. Regulations may include limits on the amount, purposes for which money can be sent, and required documentation. It's important to comply with these rules to ensure smooth transfers.
Wire Transfer is also popular as SWIFT Transfer or Telegraphic Transfer (TT). ‘SWIFT’ is a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
Axis Bank has a vast network of routing / correspondent (Nostro) banks worldwide that ensure seamless connectivity amongst banks located globally. Use Wire Transfer to send funds in all major currencies from a local overseas bank to India through its vast network of correspondent (Nostro) banks worldwide. We support transfers in Middle East currencies through our network of partner banks.
Wherever you are in the world, just initiate ‘Wire Transfer’ instructions with your local bank overseas and get the funds credited to any Axis Bank account in India within 48 hours.
Visiting local (Overseas) Branch
- Visit your overseas Bank’s Branch
- Request for fund transfer in local (Foreign) currency
- Fill & submit the fund transfer application form there at local (Overseas) bank
OR
Using Internet Banking of Local (Overseas) Bank
Local (Overseas) bank should have the facility of International Fund Transfer through Internet Banking. Client may enquire the same with their Overseas local bank.
- Fetch the information required for Wire Transfer using Simply-Wire Online Form
- Login to Internet Banking of local (Overseas) bank and search for appropriate option to send International funds transfer in local (Foreign) currency.
- Add recipient details using the details fetched above using Simply-Wire Online Form
- Initiate International fund transfer in local (Foreign) currency.
- Post successful transfer a transaction initiation / confirmation receipt will be generated.
# do not opt / select any option to convert funds in INR
# keep the transaction receipt saved with you for any future references.
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