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New online forex solution from Axis Bank

Axis Bank has launched a comprehensive online retail forex solution for its customers. Using www.axisforexonline.com’, the bank’s customers can transfer funds online in more than 100 plus currencies across 150 countries. In addition to online outward remittance, the facility also provides door step delivery of forex cards and foreign currency cash the same day to all resident Indian individuals. Sidharth Rath, president & head, Treasury, Corporate & Transaction Banking of the bank, said this innovative offering is aimed at providing its customers as well as non-customers the ease of making outward remittances, purchasing forex cards and foreign currency cash, all at the click of a button. And this can be done from the comfort of the customers’ homes or offices, he added. The remittance procedure is a simple three step process – register oneself, register the beneficiary and make payment online. Once the one-time self-registration is completed and verified, the user can register multiple beneficiaries and effect money transfer instantly. An existing customer can also use the online outward remittances facility via Axis Bank internet banking and transfer money from any bank account in India to any bank around the world.

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