Axis Bank, one of the leading private sector banks in India, offers a range of forex cards that allow you to carry foreign currency while traveling abroad. These cards are convenient and safe to use, and they offer several benefits such as cashless transactions, exchange rate lock-in, and emergency assistance.
If you have an Axis forex card and want to transfer money from it to a US bank account, there are a few steps you need to follow. In this article, we’ll explain how to transfer money from an Axis forex card to a US bank account in detail.
Step 1: Log in to the Axis Bank internet banking portal
The first step is to log in to the Axis Bank internet banking portal using your login credentials. If you don’t have an account, you can create one by visiting the Axis Bank website and clicking on the ‘Register’ button.
Step 2: Register your US bank account
Once you have logged in to the Axis Bank internet banking portal, you need to register your US bank account. To do this, click on the ‘Forex Cards’ tab and select the ‘Register New Card’ option. Enter the details of your forex card and click on the ‘Submit’ button.
After submitting the details, you will be asked to enter the details of your US bank account. Enter the account number, routing number, and other details as required, and click on the ‘Submit’ button.
Step 3: Initiate the transfer
Once your US bank account is registered, you can initiate the transfer. To do this, click on the ‘Transfer Funds’ tab and select the ‘Transfer to Other Bank Account’ option. Enter the amount you want to transfer and select your US bank account from the list of registered accounts.
Next, select the mode of transfer – NEFT, RTGS, or IMPS – and click on the ‘Submit’ button. You will be asked to enter a one-time password (OTP) to confirm the transaction.
Step 4: Wait for the transfer to complete
After submitting the transfer request, you need to wait for the transfer to complete. The time taken for the transfer to complete depends on the mode of transfer you have chosen.
NEFT transfers are processed in batches and can take up to 24 hours to complete. RTGS transfers are processed in real-time and usually take a few hours to complete. IMPS transfers are also processed in real-time and can be completed within minutes.
Step 5: Check your US bank account
Once the transfer is complete, you can check your US bank account to confirm that the money has been credited. The time taken for the money to be credited to your account depends on the processing time of your US bank.
Conclusion
Transferring money from an Axis forex card to a US bank account is a simple and straightforward process. By following the steps outlined above, you can initiate a transfer in just a few clicks. However, it is important to ensure that you have registered your US bank account correctly and entered the correct details while initiating the transfer to avoid any delays or errors.
