PRESENTATION ON INTERNATIONAL

BANKING OF AXIS BANK

PREPARED BYDEBASISH GHOSHREG. NO.-103206

Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.

The Bank as on 31st December, 2011 is capitalized to the extent of Rs. 412.57 crores with the public holding (other than promoters and GDRs) at 53.63%.

The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on 31st March, 2011). The Bank has a network of over 7591 ATMs (as on 30th September, 2011) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country.

The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

ABOUT AXIX BANK

VISION 2015:

To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology

CORE VALUES:

Customer Centricity Ethics Transparency Teamwork Ownership

Vision 2015 and Core Values

AXIS BANK-NRI BANKING

NRI banking of AXIS bank consists of----

ACCOUNTS DEPOSITS REMITTANCES LOANS INSURANCE INVESTMENTS SERVICES

NRE Savings Account NRO Savings Account NRI Prime Account Priority Account NRI PIS Account NRE Salary Account RFC Account

ACCOUNTS

Any person resident outside India may open NRE account. This account permits a NRI to hold and maintain foreign currency earnings in Indian rupees. The principal and interest earned on these balances are freely repatriable.

Whether you are a student, a professional, a salaried employee or an entrepreneur, this account will meet all your banking needs

Change of Resident Status In the event of the NRI returning from overseas on a permanent basis the NRE

Accounts has to be redesignated as resident accounts or the funds held in these accounts may be transferred to RFC accounts if the account holder is eligible for maintaining RFC account.

Nomination Facility Nomination can be in favour of resident or non-resident Repatriation of funds by nominee Remittance abroad by Non-Resident Nominee:

Banks may allow remittance of funds abroad, or funds may be credited to NRE or FCNR deposits.

Remittances abroad by Resident Nominee:Funds are to be credited to the ordinary SB account. If the nominee wants to remit funds outside India for meeting the liabilities of the deceased, he/she should obtain permission from RBI.

NON-RESIDENT EXTERNAL(NRI) SAVINGS ACCOUNT

Any person resident outside India may open NRO account, for putting through bona fide transactions in Rupees on account of monies originating in India.Many Non-Resident Indians earn income in India through rent, dividends, pension and so on. Our NRO account allows them to conveniently deposit and manage such local rupee funds.

Change of Resident Status

In the event of the NRI returning from overseas on a permanent basis the NRO Account will be redesignated as resident savings accounts.

Nomination Facility

Nomination can be in favour of resident or non-resident.

NON-RESIDENT ORDINARY SAVINGS ACCOUNT

As you move up in life, so do your expectations. And meeting them means having a partner that understands your every need. A partner who shares your ambitions. And is willing to go the extra distance to make sure they turn into reality.

Prime Savings Account - Expect Much More The Prime Savings Account is designed to do much more than serve as your regular

savings account. Which means you can look forward to some truly exclusive benefits, including:

A liberating banking experience With the Prime Savings Account, you are no longer restricted to single branch banking.

You can operate your Prime Savings Account from any of the 850 plus Axis Bank Branches without any restrictions, charges or ceilings*. This means you no longer have to keep multiple accounts at different places to take care of your banking needs at specific areas.

*The facility of free unlimited transactions across centers does not apply to cash transactions, which are subject to Reserve Bank of India & Income Tax regulations issued from time to time.

Global movement of funds made easy Watch your money go beyond geographic boundaries through inward remittances and

fast-track realisation of Foreign Cheque / DD collection. Value added banking To give you even more value, the Prime Savings Account comes with unlimited free

Demand Drafts & Pay Orders (for personal purposes).

NRI PRIME ACCOUNT

Extended services for your family in India With each Prime Savings Account, you are entitled to a free add-on domestic

savings account, which you can gift to a friend or relative in India. This add-on account comes with zero balance facility, free Visa Debit Card, multi-city banking & free accident insurance cover of Rs. 2 lakhs. (The insurance cover will come in force only after you make your first successful payment transaction at any merchant establishment.)*

Wider local accessibility As a Prime Savings Account holder, you enjoy access to a wide network of

branches and one of the largest ATM networks in India giving you easy access to your account from almost any corner of the country.

Greater convenience To simplify daily banking, your Prime Savings Account comes with an international

photo-signature Debit Card#. This unique card comes with a withdrawal limit of Rs. 40,000 per day, facilitating transfer of funds, deposits of cash/cheques and payment of insurance premium (LIC).

Your Debit Card also comes with a comprehensive insurance cover inclusive of zero lost card liability, purchase protection and personal accident insurance up to Rs. 2 lakhs. (The insurance cover will come in force only after you make your first successful payment transaction at any merchant establishment.)*

Multi-channel 24X7 banking Thanks to our state-of-the-art Internet Banking Channel, you can experience

comfortable banking unhindered by national boundaries, time zones or banking hours. Through these comprehensive user-friendly services, you can access a range of facilities including online funds transfer, booking Fixed Deposits, requests for a new chequebook, Financial Advisory Services (FAS), online shopping and information on Mutual Funds.

We also provide free e-mail statements and transaction alerts on your registered e-mail address given at the time of account opening. With this, keeping track of your bank account will become as simple as reading your daily e-mail.

We also provide a very comprehensive and feature packed Free SMS Banking facility that can be enabled for either your domestic mobile number or international mobile number. So, no matter where you go, you virtually carry your bank account with you.

Exclusive assistance for your banking needs What's more, we have a centralised NRI Help Desk (NRI Cell) to handle your

queries on an ongoing basis and offer you solutions and advice on all your NRI Banking matters. As our prime customer, this service comes to you absolutely free of cost.

We present to you Axis Bank's Axis Bank Priority - NRI Services, especially tailor-made for our discerning NRI Clients. Apart from a specialized Relationship Team to take care of your banking needs. So you and your family members resident in India enjoy an unmatched banking experience.

Personalized Service Banking Privileges

◦ Premium Branches and Lounges

As an Axis Bank Priority customer you will have access to Premium Branches and Lounges whereever present in India. This would allow you to conduct your financial transactions in utmost comfort and confidentiality through an exclusive Relationship Team.

◦ Axis Bank Priority Relationship Team 

You will enjoy access to a Relationship Team who will be your one point contact at the branch for all your banking transactions, who will be in regular touch with you to take care of your Banking needs.

◦ Priority Platinum Debit Card 

This card allows you free access to all Visa ATMs in India. The exclusive card also comes with higher ATM transaction limits; higher Point-of-Sale transaction limits at merchant establishments, enhanced insurance cover, Rewards Points scheme and many other facilities.

Conditions apply

All loans and credit facilities are at the sole discretion of the Bank. Other/Correspondent Bank commission and fees will be charged wherever applicable. Axis Bank does not guarantee returns on any of the investments. Standard terms & conditions and RBI rules apply. Priority Banking is offered in select Branches/Cities only. International Debit Cards are issued only for NRE Savings Accounts.

PRIORITY ACCOUNT-NRI

Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies, in secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognised stock exchange. Any other modes of acquiring shares are not covered under this scheme ie, shares purchased through IPOs, as resident individuals, bonus shares etc.

Features Low minimum balance requirement of Rs 5,000 Low cost of transaction Seamless reporting to RBI and complying with all statutory regulations on your behalf Calculation of capital gains tax liability and issuance of tax deduction certificate Fees and Charges (wef 01/10/2011):

◦ PIS Issuance Charges: Rs 1000/- *◦ PIS Account maintenance charge of Rs 1000/- #◦ Reporting charge of Rs 100/- will be levied per trade date - separate for purchase and sale irrespective of

transacted quantity or value. Mandate or Power of Attorney facility available so that in your absence from the country you can

authorize your relative or friend to operate conduct banking transactions on your behalf Free iConnect: 24 X 7 account access through secure Internet banking facility from anywhere and

anytime

* Issunace charge waived off for Priority Banking, Wealth and Privee customers.# 50% discount for prioirty banking customers and completely waived off for Wealth and Privee customers.

PORTFOLIO INVESTMENT SCHEME(PIS) ACCOUNT

Establishments with a minimum of ten NRI employees can opt for Axis Bank NRI salaryaccounts on preferential terms to provide world class banking facilities to their employees.

Features: Free Anywhere Banking Free Multicity Cheque Books Free International Debit Card Free Debit Card to POA / LOA holder Personal Accident Insurance Cover on Debit Card of Rs. 2,00,000 for both account holder

and POA / LOA holder (The insurance cover will come in force only after you make your first successful payment transaction at any merchant establishment.)*

Rs 40,000 Cash withdrawal limit per day Complimentary Resident Savings Account without insistence on minimum balance Free email alerts (on request) Online Bill Payment facility Free Internet Banking Telebanking Monthly Email statements Free Demand Draft drawn on Axis Bank Branches Assistance to obtain Income Tax PAN Card to make you compliant with the tax regulations

of India

NRE SALARY ACCOUNT

RFC accounts can be opened, held and maintained by a person resident in India with an authorized dealer for depositing eligible foreign exchange funds once the individual has ceased to be a NRI. Citizens of India or PIOs who have been non-residents for a continuous period of not less than one year and have become resident in India on or after 18 April, 1992.

Change of Residential Status.

If the account holder once again goes abroad and becomes non resident then the balance available in RFC account can be repatriated abroad or the accounts can be converted into NRE or FCNR accounts.

RESIDENT FOREIGN CURRENCY(RFC) ACCOUNT

NRE rupee deposit NRO rupee deposit FNCR deposit RFC term deposit

DEPOSITS

Maintain your foreign currency in Indian rupee denominated deposits and enjoy the benefits of higher interest rates and seamless repatriability. Principal and interest are freely repatriable. Deposits can be held for a period of 1 to 10 years. The depositor who returns to India for good will be allowed to continue the deposit till maturity of the deposit at the contracted rate of interest, if desired. However, except the provisions relating to rate of interest, such deposit would be treated as resident deposits from the date of return of the account holder to India and taxed accordingly for all other purposes.

NRE RUPEE DEPOSIT

Enjoy the security of returns while holding your money in the currency of your choice. We offer a choice of 6 currencies. Deposits can be maintained for a period of 1 year to 5 years.

Period of Deposit Minimum period 1 year and maximum period 5 years only. On maturity deposit can be renewed. FCNR deposits can be opened only in the form of Term Deposit. Recurring deposit cannot be

opened. Permissible Credits Foreign inward remittance Travellers cheques or foreign currency tendered by the account holder personally Transfer from existing NEW or FCNR deposits

FCNR deposits are exempt from tax liability and funds are freely repatriable. Payment of Interest Interest on the deposits accepted shall be paid on the basis of 360 days to a year Interest on FCNR deposits shall be calculated as below:

◦ For deposits upto one year, at the applicable rate without any compounding effect.◦ For more than 1 year, at intervals of 180 days and thereafter for remaining actual number of days. May be

compounded. Premature withdrawal of Deposits Banks may allow premature withdrawal of deposits at its discretion. If withdrawn before completion

of one year no interest is payable. If completed minimum period, then for premature withdrawal, penalty will be charged.

FNCR DEPOSIT

Payment of Interest on Overdue Deposits The banks may, at its discretion renew and overdue NRE or FCNR deposit or a

portion thereof provided the overdue period from the date of maturity till the date of renewal (both days inclusive), does not exceed 14 days and at the time of renewal banks are required to apply the rate prevailing on the date of renewal or on the date of maturity whichever is lower.

In case the overdue period exceeds 14 days, banks are free to fix their own rate for the overdue period if the entire amount or a part thereof is kept as a fresh deposit.

FCNR Deposits of NRIs on Return to India The depositor who returns to India for good may be allowed to continue the deposit

till maturity of the deposit at the contracted rate of interest, if desired. However, except the provisions relating to rate of interest and reserve requirements as applicable to FCNR (B) deposits, for all other purposes such deposit would be treated as resident deposits from the date of return of the account holder to India. Premature withdrawal of such deposits shall be subject to penal provisions of the scheme.

The depositor may convert his deposits into RFC accounts. If the FCNR deposit is converted into RF account, then penalty clause is not applicable.

Banks may pay interest at its discretion at the time of conversion of FCNR (B) account into RFC or Resident Rupee account, even if the same has not run for a minimum period of 1 year, subject to the condition that the rate of interest should not exceed the rate payable on SB deposit held under RFC Account scheme.

NRIs can maintain their monies in Indian rupee denominated deposits and enjoy the benefits of higher interest rates. The monies in these deposits can be repatriated subject to payment of taxes and compliance with RBI regulations. Deposits can be held for a period of 7 days to 10 years.

NRIs can have a resident as a joint account holder. Interests earned on these deposits are taxable at 30% plus surcharge.

If you feel the need to leverage your deposits we provide you easy liquidity by offering you the facility of loans against your deposits.

NRO RUPEE DEPOSIT

The RFC scheme came into effect from 7th September, 1992, in place of RIFEE.

Opening of Account

Any eligible person can open the account with an authorized dealer. The RFC application must be accompanied with the following documents:

An attested copy of relevant pages of passport giving passport particulars, date of arrival in India and particulars of residence outside India

Documentary evidence to show that funds proposed to be credited to the account are eligible for the purpose

Eligibility Citizens of India or PIOs who have been non residents for a continuous period of not

less than one year have become resident in India on or after 18 April, 1992 Citizens of India or PIO who returned to India prior to 18 April, 1992; and they have

specific licence from RBI to hold RIFEE account If the person once again goes abroad and becomes non resident then the balance

available in RFC account can be repatriated abroad or the accounts can be converted into NRE or FCNR accounts

RFC TERM DEPOSIT

If you are living overseas and your concern is how to make remittances to India in a safe efficient and cost-effective manner then Axis Bank has just the solution. Axis Remit is the bank's flagship inward remittance service that helps NRIs make remittances to India. Using safe and quick remit channels like online money transfer wire transfer exchange houses and international money transfer operators Axis Bank provides an unparalleled level of service and convenience.

Remit to India Axis Bank offers simple yet many ways of making

international money transfers. With access to a huge network of more than 1450 Axis Bank Branches and 80000 other Bank Branches you can make remittances anywhere in India.

REMITTANCE

NRI HOME LOAN At Axis Bank, we offer you a unique NRI

home loan solution to facilitate your investments in the Indian property market. Here are a few reasons why our Home Loans are the first choice for savvy buyers -

Attractive Interest Rates Minimal Processing Fees Flexible Tenures Transparent Processing Quick Service

LONES

Loan Tenure - 1 to 25 years.Margin

For Housing Loan upto Rs.20 Lacs - 15%For Housing Loan above Rs.20 Lacs - 20%

Repayment - Electronic Clearing System (ECS) / Standing Instruction(SI) or PDC from NRE/ NRO a/c

LOAN DETAILS

Profiles- 

Non Resident Indian (NRI), Person of Indian origin (PIO), Overseas Citizen of India (OCI), except Citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan.

Age - Minimum age of the applicant should be 24 years. Maximum age limit is 60 years or retirement age (whichever is

earlier), at the time of loan maturity.

Work experience -Applicant should have a minimum overseas work experience of six months with total work experience of 2 years

Minimum Income For GCC Countries - AED 5000/- p.m. (or equivalent)Other Countries & USA - USD 3000/-p.m. (or equivalent)For Merchant Navy - USD 2000/- p.m. for 9 months

Documents Required Full Passport copy and Work Visa copy Overseas address proof e.g. utility bill, card statement, House lease agreement, bank statement etc. Salary Slip for three months Appointment letter or Contract Copy Salary a/c and NRE/ NRO a/c statement for six months General Power Of Attorney

WHO CAN APPLY?

Life InsuranceLife Insurance can play a key role in your financial planning and

future security. Our corporate agency agreement with Max New York Life allows us to leverage their expertise to provide you with the best solutions in this space. The product suite is based on the core needs of life insurance for an NRI -

Additional Income for Family Members in India◦ Fast Track Plan ◦ Life Gain Plus - A life plan that ensures that you can sustain your lifestyle

once you're back in India because your wealth continues to grow.  Create a backup for retirement

◦ Guaranteed monthly income plan Tax Benefits

◦ Fast Track Plan◦ Life Gain Plus - A life plan that ensures that you can sustain your lifestyle

once you're back in India because your wealth continues to grow. ◦ GMIP

INSURANCES

General Insurance

We are the Certified Corporate Agent for Bajaj Allianz Gen. insurance Co. Ltd. The general insurance product suite offered through this partnership helps you protect against losses due to unforeseen calamities.

Safe Home - An insurance policy exclusively designed for Axis Bank customers to provide property protection and safeguard valuables at home. 

Family Health - Comprehensive health insurance that covers you, your spouse and 3 dependent children up to the age of 18 years.

Jewellery Insurance - Complete security for your valuables against all risks, thus giving you complete peace of mind.

Mutual Funds

A Mutual Fund is an ideal investment option for providing the diversification needed to limit your risk without hindering your ability to build wealth for the long term.

As Axis Bank Financial Advisory team, we adopt a strong research driven recommendation model to help you choose the best funds based on qualitative and quantitative parameters. 

Apart from this, a dedicated Relationship Manager can also be assigned to you to ensure that your investment requirements are taken care of, smoothly and efficiently. Our advisors understand your profile and lead you through a structured financial planning process to devise financial solutions best suited to you. The advisors will also help you choose the right investment products in line with your investment goals. 

We offer a unique 'One Page Portfolio Snapshot' report across investment products to our customers investing in Mutual Funds. This report can be viewed through our Internet Banking module.

INVESTMENTS

Gold Mohurs

Thought to be one of the first known metals, gold has been coveted throughout history for its beauty, scarcity, malleability, and uncanny resistance to rust and corrosion. Centuries ago, gold's unique combination of properties -- its sun-like color, its soft hardness and especially its imperviousness to decay -- imbued it with magical associations in the eyes of many. Because of these unique properties, gold has traditionally been the currency of choice for much of the world's population.

Gold as investment The value of gold has transcended all national, political, and cultural borders, to become a desired

asset. It in the form of coins and bars has attracted investments across various cultures for centuries. The advantages of investing in gold are:

One time investment, which accumulates and gains value throughout its lifetime Not subject to any maintenance cost Investment cum utility commodity Low risk of losing invested capital Does not require regular monitoring Is very liquid- valued and traded every where

Gold Mohurs Axis Bank brings to you Gold Mohurs in the purest form! Made in Switzerland, Gold Mohurs carry the Assay certification of being 24 carat, 99.99% pure! It comes to you in a specialized packaging that is tamper proof so that its purity is preserved. Available in 2 gms, 5 gms, 8 gms, 10 gms, 20 gms & 50 gms.Gold Bars of 5 gms denomination have

Goddess Laxmi embossed on them. Gold Mohurs can be bought over the counter in over 1400 branches of Axis Bank.

Locker

Unmatched protection for your valuables Looking for a safe storage place for your valuables? A Safe Deposit Locker with Axis Bank is the solution to your concern.

Located at select branches in cities all over the country, our lockers ensure the safe keeping of your valuables.

Advantages Wide Availability: As on November 30, 2010 lockers are available at

944 branches and extension counters. Lockers available in various sizes. Direct debits for locker rentals from your account rid you of the

hassles in writing out cheques. Extended banking hours to operate lockers. Competitive rentals.

SERVICES

Local Post Box for NRIs

You can now send your documents to yourlocal address and they will be delivered to theNRI Service Center in India.

Terms And Conditions

Customers are advised to send the documents to our P.O. Box using a reliable ordinary postal service. Please do not use a courier service to send the documents to our P.O. Box

Axis Bank Ltd. shall not be responsible for any loss in transit or any monetary loss including loss on account of change in exchange rates, interest rates, deposit value date etc. arising due to the time elapsed due to return of the monetary instrument

Axis Bank will maintain the confidentiality of the documents sent by the customer.

The users of the Post Box (PB) facility are availing the service at their own risk and consequences.

Neither Axis Bank Ltd. (Axis Bank) nor G3 WORLDWIDE MAIL LOGISTICS (INDIA) PVT. LIMITED, which is a Cross Border Mailing Company and a joint venture between, TNT (Dutch Post), Royal Mail of UK and Singapore Post, will be responsible or liable to the user or any third party for the "Envelopes/ Consignments or its Contents" (collectively referred as "Consignments") during the transit from the user to the Post Box.

Axis Bank is not responsible for any loss in document arising if the documents sent to a wrong address or documents are lost in transit before reaching the Axis Bank P.O. Box.

User agrees that he shall be solely responsible for the contents of the Consignment and shall indemnify Axis Bank for any loss or damage suffered to it on account of handling the contents or merely the letter being addressed to it in view of legal, regulatory or contractual requirements of the user.

In the event the users instruction/s cannot be carried out owing to any discrepancy or otherwise Axis Bank may inform the user by email to the email ID furnished by the user.

Axis Bank is not responsible for non receipt of such email on account of any incorrect email ID or systemic error or non acceptance by the computer system of the user.

On every Monday and Thursday, G3 WORLDWIDE MAIL LOGISTICS (INDIA) PVT. LIMITED (the service provider), opens the P.O. Box and collects all packets / envelopes and couriers all documents to the G3 WORLDWIDE MAIL LOGISTICS (INDIA) PVT. LIMITED from where they are sent to Axis Bank, NRI services.

On receipt of the Consignments in the Post Box, G3 WORLDWIDE MAIL LOGISTICS (INDIA) PVT. LIMITED shall be responsible for the Consignment to the user till it is transshipped and delivered to Axis Bank - NRI Cell, Mumbai. By availing the service of Post Box the user shall be deemed to have agreed to entrust the transshipment to India in his sole risk and discretion to G3 WORLDWIDE MAIL LOGISTICS (INDIA) PVT. LIMITED India and Axis Bank is not liable or responsible for any loss or destruction of the Consignments in the hands of G3 WORLDWIDE MAIL LOGISTICS (INDIA) PVT. LIMITED

Axis Bank shall in its sole discretion destroy the documents after one months of receipt without any further reference to the user and the user agrees that Axis Bank is not liable or responsible to either user or any other person for such destruction

The indicative delivery schedule for documents dispatched from PO Box to Axis Bank NRI Services Desk in India is 5 to 7 working days. This delivery time is exclusive of the transit time taken for the documents to reach the PO Box. Reference to any service levels including the delivery schedule are only indicative and should not be construed to refer to any commitment.