Axis Bank is one of the leading private-sector banks in India. The bank has a large number of customers in India and abroad, including resident Indians, NRIs, and foreigners. Axis Bank has many overseas branches and representative offices in Singapore, Dubai, Abu Dhabi, and Bangladesh. NRIs and OCIs living in Singapore can contact the Axis Bank Singapore branch for banking-related services. In this blog, we’ll list Axis Bank Singapore branch details with address and contact number.
SBNRI is a business partner of leading Indian banks like HSBC Bank, Axis Bank, Yes Bank, DBS Bank etc. NRIs can apply for an NRE/ NRO account with top banks by clicking the below button.
Also read: List of Indian Banks in Singapore: Address, Contact Details
Axis Bank Singapore Branch Details
Following is the address of the Axis Bank Singapore branch in Singapore:
| Address | 9 Raffles Place, 16-20 Republic Plaza II, Singapore – 048619 |
| Phone Number | Tel: 0065-65719229 |
Also read: Axis Bank International Branches: Dubai, UK, Singapore
Axis Bank Singapore NRI Customer Care Number
NRIs living in Singapore can dial Axis Bank NRI customer care number – 800 1206 355 – to get their queries/ complaints resolved.
Also read: SBI Singapore Branches List: Address, Contact Details
Axis Bank Singapore Branch Services for NRIs
NRIs living in Singapore can enjoy many banking and investment services offered by Axis Bank.
Axis Bank NRI Account from Singapore
Axis Bank offers two types of savings accounts for NRIs – NRE and NRO savings accounts.
1. Axis Bank NRE Savings Account
NRIs can open an Axis Bank NRE savings account from Singapore to deposit and manage their foreign currency earnings in India. They can apply for an account online or visit the Singapore branch of Axis Bank.
2. Axis Bank NRO Savings Account
NRIs can open an NRO account with Axis Bank to manage their earnings in India. Interest earned on an NRO account is taxable in India and there are some restrictions on repatriation of funds from this account. Axis Bank NRO account can be opened online as well as offline at a bank branch in Singapore or India.
Also read: NRI Account Opening in Singapore
Axis Bank NRI FD
Non-Resident Indians from Singapore can open NRI fixed deposits to manage their income sourced in Singapore or India. Axis Bank offers three types of NRI fixed deposits – NRE, NRO and FCNR fixed deposits.
1. Axis Bank NRE FD
Non-Resident Indians can open an NRE FD with the bank for 1 to 10-year period and earn attractive tax-free interest. Axis Bank NRE fixed deposit account allows NRIs to deposit their foreign earnings in India and repatriate funds abroad without restrictions. Both the principal and interest are freely repatriable.
2. Axis Bank NRO FD
For their income sourced in India, such as rent, pension, dividends, etc., NRIs can open an NRO fixed deposit account. Axis Bank NRO fixed deposit account can be opened for a flexible term ranging from 7 days to 10 years. Interest income on an NRO fixed deposit is subject to the applicable TDS in India. Funds up to USD 1 million can be repatriated per financial year for all legitimate reasons.
3. Axis Bank FCNR FD
FCNR fixed deposit is one of the best NRI investment options in India. NRIs can open Axis FCNR deposit accounts in six currencies – USD, GBP, EUR, CAD, JPY and AUD. Interest rate varies based on the currency and the tenure for which funds remain with the bank.
It is one of the best investments because there is no risk of fluctuation in exchange rate, interest earned is not taxed in India and both the principal and interest are fully repatriable from India to abroad.
Mutual Funds for NRIs
Axis Asset Management Company Limited is a subsidiary of Axis Bank. It offers mutual funds for residents and NRIs. NRIs and OCIs living in Singapore can invest in hundreds of mutual fund schemes extended by Axis Bank. Here are some prominent benefits that NRIs can enjoy by investing in mutual funds in India:
- End-to-end assistance from a dedicated and professional relationship manager.
- Several benefits at minimal cost.
- NRIs can choose to invest through an Axis Bank branch or online.
- Axis Bank provides a “One Page Portfolio Snapshot” report that can be accessed through its internet banking module.
- Professional fund management to help NRIs secure higher returns on their investment.
- Enjoy liquidity when investing in mutual funds.
- NRIs can get tax benefits by investing in ELSS mutual fund schemes.
- Mutual fund schemes offer transparency and flexibility for investors.
- Hundreds of schemes allow you to choose funds based on your risk tolerance whether you prefer higher or lower risk-taking.
NRI Account Opening through SBNRI
To apply for an NRI account online, you have two options. You can either click the “Apply for NRI” button on this page or utilize the SBNRI app. The SBNRI app is a unique platform designed specifically for the convenience of opening an NRI account online. Here are the simple steps to apply for an online NRI account using the SBNRI app:
- Download the SBNRI app from either the Google Play Store or App Store.
- Log in to the app using your credentials.
- Tap on the “Open NRI account” button and choose the desired bank from the provided list.
- Utilize the in-app scanning feature to scan and upload your KYC documents.
- Finally, click on the “Apply” button, and your application will be submitted.
By following these steps, you can easily apply for an NRI account online using the user-friendly SBNRI app.
Contact SBNRI
NRIs living in Singapore can avail a variety of online financial services available in India, including NRO, NRE account opening, investment in India, tax filing, and more. You can download SBNRI App to apply for an NRI account with nominal documentation in just 10 minutes.
You can also click on the button below to open an NRI account. Also visit our blog and YouTube Channel for more details.
FAQs
Which Indian banks have branches in Singapore?
- Currently, eight Indian banks are present in Singapore. While Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, and Axis Bank have one branch each, there are two branches of ICICI Bank and five SBI branches in Singapore.
Can I use Indian bank account in Singapore?
- Yes, you can use Indian Bank services in Singapore and internationally via net banking and mobile banking. For international usage of Debit card, you need to activate international usage by logging into their net banking website or by calling customer care.
Can I use my Indian debit card in Singapore?
- For international usage of Debit card, you need to activate international usage by logging into their net banking website or by calling customer care.
Does Axis Bank work internationally?
- Yes. Axis Bank has international presence and works internationally. You can access Axis bank internationally via net banking and mobile banking. For international usage of Debit card, you need to activate international usage by logging into their net banking website or by calling customer care.
