Axis Bank is a reputed bank and the third largest private sector bank in India. The bank provides a large number of NRI services, such as NRI bank accounts, FD, loans, etc. Axis Bank NRI banking services include a wide gamut of services that cater to different requirements of NRIs ranging from planning to go abroad, to living abroad to relocating to India. The bank gives a lot of useful advice for NRIs in addition to providing services that are all encompassing.
SBNRI has partnership with Axis Bank to help NRIs with their banking and investment services in India. You can apply for an NRI account right away through SBNRI.
Axis Bank NRI banking services have demonstrated a hypothetical NRI journey, in order to explain their services and also give many useful tips above and beyond just financial information and advice.
In this article, we will discuss some of the key services Axis Bank provides for NRIs. We also explain the features of the priority savings account for NRIs and its many benefits. Moreover, you will find a country-wise list of contact information for Axis Bank abroad.
Axis Bank NRI banking services for individuals planning to move abroad
Services offered before settling abroad in the categories of banking, loans and credit cards, insurance, and investments:
Axis Bank NRI Account
If you are planning to settle abroad, you can apply for an Axis Bank NRI account for executing financial transactions in India. You can convert your savings account to a Non-Resident Ordinary ( NRO) account or open a Non-Resident External (NRE) account.
Axis Bank NRI Credit Card
Non-Resident Indians can use an Axis Bank NRI credit card for shopping, dining and many other purposes. Listed below are the Axis Bank credit cards for NRI:
- Axis Bank NRI Credit Card for NRI
- Axis Bank IndianOil Axis Bank Credit Card for NRI
- Axis Bank Flipkart Axis Bank Credit Card for NRI
- Axis Bank MY ZONE Credit Card for NRI
- Axis Bank Vistara Credit Card for NRI
- Axis Bank Select Credit card for NRI
- Flipkart Axis Bank SuperElite Credit Card for NRI
- Axis Bank NEO Credit Card for NRI
- Axis Bank Miles & More Credit Card for NRI
- Axis Bank AURA Credit Card for NRI
- Axis Bank PRIDE PLATINUM Credit Card for NRI
- Axis Bank PRIDE SIGNATURE Credit Card for NRI
All these credit cards for NRIs can be used for different purposes based on the offerings.
Axis Bank NRI Loans
Axis Bank offers different types of NRI loans – personal loan, car loan, home loan, etc.. You can repay the loans and credit cards using the following methods.
- Loans can be repaid with both NRO and NRE accounts. Debt can be paid on auto payment mode so that the payments are not affected if you leave the county
- Credit card bills can only be paid through an NRO account and not an NRE account
Axis Bank NRI investment services
Axis bank suggests keeping your Indian health insurance policy active for when you travel or move back to India.
- Axis Bank provides a service called Axis Direct that will help you manage your investments even while you are abroad. If you have a Demat account, you will have to convert your Demat account to an NRI Demat account.
- In order to invest in shares of Indian companies or trade in the secondary market as an NRI, you will need to open a Portfolio Investment Scheme (PIS)
You can contact a relationship manager at Axis Bank to understand any of the services.
How to get your parents ready for your move:
Axis Bank even provides a 5 point list for how to get your parents ready for your move. The points covered are :
- Help them become tech-savvy
- Help them manage money conveniently
- Prioritize their health
- Compile a list of emergency contacts
- Share details of service providers (electrician, plumber, etc)
Once you are living abroad
Axis bank also has a section with travel tips for when you plan your next visit to India, once you are abroad.
Ways to send money home
- International Wire Transfers: Wire transfers are bank to bank transfers. Money can be transferred from your bank overseas to your NRI bank account in India
- Digital remittance services: Axis Bank’s RemitMoney allows quick and easy online money transfers to India from the USA, Canada, UK, Eurozone, Australia and Singapore. Through the RemitMoney service, international funds can be received in an Indian bank in an hour or less. RemitMoney also offers one-time or recurring transfers, cash points (INR), and rewards.
You can connect with Axis Bank:
- In person
- Online through Internet Banking
- On the phone through Mobile Banking
Axis Bank NRI Customer Care Numbers
Axis Bank has several offices abroad. Here are both toll-free and non toll-free numbers.
Country-wise list of toll-free Numbers:
USA: 1855 205 5577
UK: 0808 178 5040
Singapore: 800 1206 355
Canada: 1855 436 0726
Australia: 1800 153 861
UAE: 8000 3570 3218
Saudi Arabia: 800 850 0000
Qatar: 00 800 100 348
Non-toll-free number to India: +91-40-6717-4100 or write to www.axisbank.com/support.
In case of emergencies, like needing to block a credit/debit card, there is a 24-hour Emergency Helpline Number, +91 40 67174100 (This number is not toll free).
Priority Savings Account for NRIs
This account exemplifies Axis Bank NRI customer care services. The priority savings account for NRIs provides several benefits including a dedicated relationship manager, complimentary airport lounge facility in India with upto 2 free visits per quarter, personal accident cover and air accident cover. We have listed more of these rewards and benefits below.
Some benefits of this account include:
- Access to a dedicated relationship manager
- Priority platinum debit card which comes with many benefits
- A daily shopping limit of Rs.5 Lakhs and a withdrawal limit of Rs. 1 Lakh (NRE A/c)
- A daily shopping limit of Rs.2 Lakhs and a withdrawal limit of Rs.75000 (NRO A/c)
- Complimentary airport lounge facility in India with upto 2 free visits per quarter
- 25% discount on movie tickets booked from Bookmy show
- Up to 20% discount across partner restaurants
- 3X reward points on Axis eDGE Rewards
- Preferential pricing on Remittance Services, Forex and up to 50% Lifetime Discount on Locker Rental
- Personal Accident Cover: Rs. 10lakh (NRE) and Rs. 2 Lakh (NRO)
- Air Accident Cover: Rs. 1 Crore
- Purchase protection cover of upto Rs 50000
- Mariner Priority account available with the benefit of 85 paise better rate on remittances
Fees and Charges
The priority savings account fees and charges include:
- Annual Fees
- Replacement Fees
- Chequebook Fees
- Account Closure Fees
- Transfer Fees
- Certain Penalties (minimum balance penalty for example)
Some Priority Savings Account fees are subject to waivers.
As we have seen, Axis Bank NRI customer care has a presence in quite a few places abroad and has a plan laid out as to how to support and provide services to NRIs. If you are contemplating moving abroad or have already moved abroad, all of the above are some of the ways Axis Bank can assist you.
For NRI account opening, investment in India and NRI loan applications, you can download SBNRI App from the Google Play Store or App Store. To ask any questions related to investment in stock market/ mutual funds, NRI account opening online and tax filing in India, click on the button below. Also visit our blog and YouTube channel for more details.