Service
NRE Account
NRO Account
FCNR Account
Account Opening Fee
Free
Minimum Balance Requirement
AED 10,000 or equivalent in INR
AED 5,000 or equivalent in Foreign Currency
Monthly Maintenance Charges
Free if balance is maintained
Non-Maintenance Fee
AED 50 (if minimum balance is not met)
No fee
Remittance Charges (Dubai to India)
AED 10 to AED 25 (depending on amount)
AED 15 to AED 30 (depending on currency and amount)
ATM Withdrawal Charges
Free at Axis Bank ATMs (India)
Cheque Book Issuance
Free (first cheque book)
Not applicable
Interest Rates on Deposits
2.5% – 5% per annum
2% – 4% per annum
Varies by currency and tenure (typically higher for longer tenures)
Debit Card Issuance Fee
AED 20
Fund Transfer to India
Free for Online Transfers
Tax on Interest Earned
No tax (in India)
30% TDS (Tax Deducted at Source) on Indian Income
No tax
As we know in this digital world banks are comfortable and the best options that cater to your financial needs. Axis Bank is one of the leading private sector banks which offers financial products and services in Dubai. Moreover, it was founded in 1993 and attracts millions of customers worldwide due to its top class. The dedication of Axis Bank to customer satisfaction and innovative banking solutions enhances your experience in the vibrant city. Furthermore, you can also benefit from Axis mobile app and internet banking. In this detailed blog, we will explore the services and account opening of Axis Bank.
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The Bank offers its customers an extensive range of savings accounts with top benefits like high interest rates. In Axis Bank, you can easily avail of the option of different types of loans like home loans and car loans. Moreover, you can also choose from a wide range of credit cards that cater to your needs for shopping and traveling.
Axis Bank allows you to experience accounts that are helpful for you to manage your business whether it is small or large. Moreover, in this private bank, customers can also avail of the option of services like working capital loans and term loans.
If you choose Axis Bank in Dubai then you simply can access services like internet banking and mobile banking apps. Moreover, it is user-friendly and allows you to pay bills and apply for a loan from your home.
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