Last updated on March 6th, 2024 at 05:39 pm
Sending money to India from another country? You’re in great company. In fact, according to findings published last year by the World Bank, India receives more in international money transfers than any other nation. This makes sense when you factor in that Indians make up the world’s biggest diaspora: around 18 million, according to United Nations data.
Here at Remitly, we believe that your loved ones back home should be able to receive Indian rupees without any fuss, and without undue expense on your part. That’s why we provide a clear fee structure, and a variety of ways for the transfer to be conducted. You can opt to send Indian rupees to a cash pick up point in India, send via UPI, or make the transfer directly to your recipient’s bank account. If they’re with Axis Bank, this guide will tell you everything you need to know about sending money through Remitly.
Send Money to Axis Bank in India in 5 Easy Steps
Sending money to India with Remitly is a simple process. Here are the steps you’ll need to follow if your recipient has an Axis Bank account.
- For first-time users, download the Remitly app and create an account. Then select India as your destination country.
- Enter the amount you wish to send.
- Choose Bank Deposit as your delivery method and Axis Bank as your location.
- Enter your recipient’s name and bank account details.
- Enter your payment details.
At this point, it’s just a matter of looking back at the data you’ve entered to ensure there are no mistakes, and that’s all there is to it. We may ask for additional documentation depending on the amount sent or if we are unable to verify your identity. The whole INR remittance process is kept transparent thanks to our real-time transfer updates which can inform your friend or family member of how the transfer is going, and when the Indian rupees will hit their Axis Bank account.
Why Should I Use Remitly to Send Money to Axis Bank?
Let’s face it, you don’t want to be faced with a tricky online interface or complicated fees when sending money to India. With this in mind, it’s Remitly’s mission to provide a simple, cost-effective service. Our fee structure is transparent and we offer great exchange rates whenever you choose to send through our app or website. We also guarantee 100% satisfaction or we’ll refund your fees. As part of this commitment, you can cancel your transfer and receive a full refund as long as the money hasn’t yet been received or collected by your recipient in India.
How Much Money Can I Send to Axis Bank with Remitly?
We appreciate that you may need to send different amounts of Indian rupees, depending on your personal circumstances and what your recipients require. That’s why we offer a range of sending limits for our customers. By providing the minimum required documents for verifying your personal details, as of this writing, you can send up to the equivalent of:
- US$2,999/€5,000/AUD$2,999/£5,000 within 24 hours
- US$10,000/€15,000/AUD$10,000/£15,000 within 30 days
- US$18,000/€50,000/AUD$18,000/£50,000 within 180 days
Additional sending limits may apply depending upon your choice of payout partner or receiving location. If you need to send more than your current sending limit, you can request to have your sending limit increased. You can do this after your first 24 hours as a Remitly customer, and you may need to give us some extra details on your funds and your reasons for these larger transfers. You may also need to provide additional documents such as bank statements or pay slips. We’ll aim to get back to you within 48 hours of your request.
Is it Safe to Send Money to Axis Bank with Remitly?
As we’re responsible for the international money transfers of millions of customers across the globe, online safety is key to everything we do. Remitly uses multi-level security and your personal data is protected through fraud monitoring and encryption 24 hours a day.
This allows you to have complete peace of mind whenever you send Indian rupees back home. What’s more, our real-time transfer updates mean you won’t worry about your money making it home. Provide your recipient’s phone number in your transfer and your recipients can also receive updates.
Read on here to learn about security at Remitly
More about Axis Bank
With over 4,500 branches and well over 11,000 ATMs across the country, Axis Bank is one of the largest private sector banks in India. As well as having a strong presence in its home nation, Axis is also a major financial player on the international stage with branches in locations including Singapore and Dubai and an Overseas subsidiary in London. Investment banking, corporate lending and agricultural investment are all part of Axis Bank’s portfolio of services.
In a country where some banks date back to the 19th Century, Axis is relatively young, having been founded in 1993. It’s won numerous awards over the years – in 2021 alone, Axis was named Best Digital Bank for the third year running at the Financial Express’ Best Bank Awards, and Best Digital Bank at the Asiamoney Banking Awards.