How to transfer USD from Axis Bank to Vested Brokerage account
Step 1: After logging in to your Vested account, click on Add Funds on the Transfer tab. See Figure 1.
Figure 1: Click on Add Funds on the Transfer tab
Step 2: If you have an existing Axis Bank account, click Yes under ‘Do you have an existing Axis Bank account’. If you don’t have an existing account and wish to open one, click ‘Open an Account’. See Figure 2.
Figure 2: Open an account or use your existing Axis account
Step 3: Select the option ‘Fund Online using Axis Net Banking’ and click on ‘Transfer Funds’ on the Axis Net Banking screen. See Figure 3.
Figure 3: Funding account with Axis Net Banking
Step 4: Axis Bank net banking portal will open in a new window. Log in to your account. At the time of writing, Axis Bank allows two methods to log in (see Figure 4). The first is with your registered mobile number and the MPIN. The second option is using your customer ID and net banking password.
Figure 4: Log in to the Axis Net Banking portal
Step 5: After successful login, you will be taken to the ‘Transaction Detail’ page on the Axis Netbanking portal.
Here, you will see that your personal details are prefilled. Input the amount you wish to remit.
Select the account number you wish to use for remittance and the source of funds.
Once you have input and verified the details, review and check the checkbox for Safe Usage Guidelines and TCS-related instructions. Click on the ‘Proceed’ button once done. See Figure 5 below.
Figure 5: Transaction Details on Axis Net Banking portal
Step 6: You are now on the ‘Payment Summary’ page, which provides details of your account balance, the USD/INR conversion rate being charged, and details of other charges applicable. Click on ‘Continue’ once you have reviewed the details. See Figure 6 below.
Figure 6: Payment Summary for your transaction
Step 7: Check the checkbox for the terms and conditions and click on ‘Proceed’ after scrolling through and reviewing the declarations. See Figure 7.
Figure 7: Terms and Conditions
Step 8: Input the OTP sent on the mobile number registered with your Axis Bank account and click on ‘Confirm’.
Figure 8: OTP
Axis Bank will review the transaction submitted by you. Post approval, the fund transfer process will be initiated. The funds are expected to be credited to your US brokerage account on Vested within two business days.
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