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Fees and Charges - Axis Bank 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 and is available at https://www.fxretail.co.in. 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 transaction.
| Registration Charges | |
| Individual | No Charges |
| Non Individuals | Rs. 1,000* |
| Transaction Charges | |
| Up to USD 50,000 in a day | No Charges |
| Above USD 50,000 in a day | a. No levy of transaction charges for the first 12 months of joining the platform for all categories of customers.** b. Post 12 months, the charges* will apply as below: Total monthly transactions < USD 200 million: 0.0004% of the total INR value Total monthly transactions >= USD 200 million & < USD 350 million: 0.0003% of the total INR value Total monthly transactions >= USD 350 million & < USD 500 million: 0.0002% of the total INR value Total monthly transactions >= USD 500 million: NIL |
** The date of approval by first relationship bank would be considered as the joining date for the above purpose.
* GST is applicable on the above charges
Please note that the above charges are levied by CCIL and are collected by the Bank for usage of FX-Retail platform. Transaction processing charges levied by the bank shall additionally
apply, where ever applicable
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