Menu
Categories Consumer FAQ Business FAQ
FAQ
Consumer FAQ Business FAQ
For Business Write a review File a complaint
Sign Up
For Business Write a review File a complaint
CB Banks Axis Bank Repatriation of foreign currency to US. Amount reduced. Poor service
Axis Bank

Axis Bank review: Repatriation of foreign currency to US. Amount reduced. Poor service

E
Author of the review
8:41 pm EDT
Featured review
This review was chosen algorithmically as the most valued customer feedback.

I have submitted all the documents needed for repatriation of 4000 USD to my US account. Despite having the 15CA form submitted by the auditor for 4000 USD, they have transferred a portion of the 4000 USD to my US account.

My request for transfer is based on my only interest income from the AXIS bank. The interest deposits are all income tax paid and are credited to my account. They say, since there are two other deposits that are local transfers, they have deducted that much amount from my 4000 USD.

If is normal that, when we have a bank account there can be deposits from other accounts as well and there could be personal expenses too. In this case there were no expenses

They are applying a new rule that doesn't exist in RBI repatriation rules. Every time you deposit some amount to that NRO account, the Bank is deducting that amount from the interest income meant for repatriation (for which tax is paid & Certificate issued by AXIS Bank) and say only the balance is allowed for the repatriation.

My wife did many transfers from other banks that also include apex Bank, this rule is never applied there. No where this new rule of repatriation is mentioned or applied by these other Banks.

The complaint system of AXIS Bank is very poorly kept so that you cannot write a complaint too. I have decided to close my account with them soon.

Claimed loss: 805 USD loss.

Desired outcome: I expect transfer of full amount of transfer as per the 15CA filed by the Auditor. This is my interest income for the deposits with AXIS bank which is legitimate as per the rules of RBI and Income Tax laws

Confidential Information Hidden: This section contains confidential information visible to verified Axis Bank representatives only. If you are affiliated with Axis Bank, please claim your business to access these details.

View 0 more photos
More
Send message
Copy link
Report
0 comments
Add a comment

More Axis Bank reviews & complaints

Axis Bank - I can't login to iconnect 77
Axis Bank - worst service 31
Axis Bank - bank's customer care service is worst! 111
Axis Bank - unbearable bank 31
Axis Bank - clearance of cheque 7
Axis Bank - didn't get money from axis bank atm 2
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Axis Bank - Personal loan disbursed without acceptance
Axis Bank - amount deducted 1
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
Axis Bank - tax saver fixed deposit
Axis Bank - Current account service
View all Axis Bank reviews and complaints

  1. Axis Bank Contacts

  2. Axis Bank phone numbers
    +1 (800) 419-5959
    +1 (800) 419-5959
    Click up if you have successfully reached Axis Bank by calling +1 (800) 419-5959 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +1 (800) 419-5959 phone number Click down if you have unsuccessfully reached Axis Bank by calling +1 (800) 419-5959 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +1 (800) 419-5959 phone number
    Account Balance
    +1 (860) 419-5555
    +1 (860) 419-5555
    Click up if you have successfully reached Axis Bank by calling +1 (860) 419-5555 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +1 (860) 419-5555 phone number Click down if you have unsuccessfully reached Axis Bank by calling +1 (860) 419-5555 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +1 (860) 419-5555 phone number
    Customer Service
    +1 (855) 205-5577
    +1 (855) 205-5577
    Click up if you have successfully reached Axis Bank by calling +1 (855) 205-5577 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +1 (855) 205-5577 phone number Click down if you have unsuccessfully reached Axis Bank by calling +1 (855) 205-5577 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +1 (855) 205-5577 phone number
    United States
    +1 (855) 436-0726
    +1 (855) 436-0726
    Click up if you have successfully reached Axis Bank by calling +1 (855) 436-0726 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +1 (855) 436-0726 phone number Click down if you have unsuccessfully reached Axis Bank by calling +1 (855) 436-0726 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +1 (855) 436-0726 phone number
    Canada
    1800 153 861
    1800 153 861
    Click up if you have successfully reached Axis Bank by calling 1800 153 861 phone number 0 0 users reported that they have successfully reached Axis Bank by calling 1800 153 861 phone number Click down if you have unsuccessfully reached Axis Bank by calling 1800 153 861 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling 1800 153 861 phone number
    Australia
    +91 222 425 2525
    +91 222 425 2525
    Click up if you have successfully reached Axis Bank by calling +91 222 425 2525 phone number 1 1 users reported that they have successfully reached Axis Bank by calling +91 222 425 2525 phone number Click down if you have unsuccessfully reached Axis Bank by calling +91 222 425 2525 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +91 222 425 2525 phone number
    100%
    Confidence score
    Head Office
    +91 224 325 2525
    +91 224 325 2525
    Click up if you have successfully reached Axis Bank by calling +91 224 325 2525 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +91 224 325 2525 phone number Click down if you have unsuccessfully reached Axis Bank by calling +91 224 325 2525 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +91 224 325 2525 phone number
    Head Office
    +44 808 178 5040
    +44 808 178 5040
    Click up if you have successfully reached Axis Bank by calling +44 808 178 5040 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +44 808 178 5040 phone number Click down if you have unsuccessfully reached Axis Bank by calling +44 808 178 5040 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +44 808 178 5040 phone number
    United Kingdom
    +973 80 011 300
    +973 80 011 300
    Click up if you have successfully reached Axis Bank by calling +973 80 011 300 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +973 80 011 300 phone number Click down if you have unsuccessfully reached Axis Bank by calling +973 80 011 300 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +973 80 011 300 phone number
    Bahrain
    +974 800 100 348
    +974 800 100 348
    Click up if you have successfully reached Axis Bank by calling +974 800 100 348 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +974 800 100 348 phone number Click down if you have unsuccessfully reached Axis Bank by calling +974 800 100 348 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +974 800 100 348 phone number
    Qatar
    +65 800 120 6355
    +65 800 120 6355
    Click up if you have successfully reached Axis Bank by calling +65 800 120 6355 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +65 800 120 6355 phone number Click down if you have unsuccessfully reached Axis Bank by calling +65 800 120 6355 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +65 800 120 6355 phone number
    Singapore
    +966 800 120 6355
    +966 800 120 6355
    Click up if you have successfully reached Axis Bank by calling +966 800 120 6355 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +966 800 120 6355 phone number Click down if you have unsuccessfully reached Axis Bank by calling +966 800 120 6355 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +966 800 120 6355 phone number
    Saudi Arabia
    +971 8000 3570 3218
    +971 8000 3570 3218
    Click up if you have successfully reached Axis Bank by calling +971 8000 3570 3218 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +971 8000 3570 3218 phone number Click down if you have unsuccessfully reached Axis Bank by calling +971 8000 3570 3218 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +971 8000 3570 3218 phone number
    UAE
    +91 1860 419 5555
    +91 1860 419 5555
    Click up if you have successfully reached Axis Bank by calling +91 1860 419 5555 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +91 1860 419 5555 phone number Click down if you have unsuccessfully reached Axis Bank by calling +91 1860 419 5555 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +91 1860 419 5555 phone number
    Axis Bank Customer Care
    +91 1860 500 5555
    +91 1860 500 5555
    Click up if you have successfully reached Axis Bank by calling +91 1860 500 5555 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +91 1860 500 5555 phone number Click down if you have unsuccessfully reached Axis Bank by calling +91 1860 500 5555 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +91 1860 500 5555 phone number
    Axis Bank Customer Care
    +91 1800 103 5577
    +91 1800 103 5577
    Click up if you have successfully reached Axis Bank by calling +91 1800 103 5577 phone number 0 0 users reported that they have successfully reached Axis Bank by calling +91 1800 103 5577 phone number Click down if you have unsuccessfully reached Axis Bank by calling +91 1800 103 5577 phone number 0 0 users reported that they have UNsuccessfully reached Axis Bank by calling +91 1800 103 5577 phone number
    Toll free line
    More phone numbers
  3. Axis Bank emails
  4. Axis Bank address
    Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra, 400025, India
  5. Axis Bank social media
  6. Andrew
    Checked and verified by Andrew This contact information is personally checked and verified by the ComplaintsBoard representative. Learn more
    Nov 20, 2024
  7. View all Axis Bank contacts
Axis Bank Category
Axis Bank is ranked 39 among 414 companies in the Banks category
#37 Truist Bank (formerly BB&T Bank) Truist Bank (formerly BB&T Bank) #38 Barclays Bank Delaware Barclays Bank Delaware #39 Axis Bank Axis Bank #40 National Westminster Bank / NatWest National Westminster Bank / NatWest #41 NationWide Building Society NationWide Building Society
Axis Bank Alternatives
Riversidepayments 4 reviews Copper State Credit Union 1 review Partners 1st Federal Credit Union 2 reviews Community Federal Savings Bank 2 reviews Three Rivers Federal Credit Union 3 reviews