Axis Bank launches ‘Axis Forex Online’ India’s 1st Online Forex Solution


Axis Bank, a market leader in travel currency cards, Thursday announced the launch of ‘Axis Forex Online’ India’s first compreheAxis Forex Online - business newsnsive online forex solution to empower customers to transfer money online in more than 100 currencies across 150 countries.  In addition to quick online money transaction, Axis Forex Online will also provide door step delivery of forex card and foreign currency cash.

Through this initiative, the bank will offer a complete suite of forex services such as Online Outward Remittances, Forex Card & Foreign Currency Cash to existing as well as non-bank customers. An existing customer can also use the online outward remittances facility via Internet Banking and transfer money from any Bank account in India to any Bank around the world.

Axis Forex Online will allow customer to remit upto USD 25,000 in a single transaction or limit the retail outward remittance to USD 250,000 per annum.

Speaking on the occasion of launch of Axis Forex Online, Mr. Sidharth Rath, President & Head, Treasury, Corporate & Transaction Banking, said, “The launch of the new card further reinforces our commitment to improving customer experience by deploying cutting-edge technology solutions that provide both security and convenience.”

Axis Forex Online will offer end to end online outward remittance services to the customer and enable them to travel hassle-free and cashless across the globe.

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

With its 2,805 domestic branches (including extension counters) and 12,631ATMs across the country, as on 31st December 2015, the network of Axis Bank spreads across 1,796 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK.

The Bank’s website offers comprehensive details about its products and services.

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