Some bank may issue ‘Zero Cross Currency Conversion Charges’ where you can use the card in any currency for cash withdrawals and making merchant payments. 9. Inactivity Fees: Inactive period on the card is defined as absence of any debit or credit on the forex card for a consecutive period of more than 6 months.
What is the validity period of a ForexPlus card?
Terms & Conditions prescribed by HDFC Bank:
The promotional offer is valid only for purchase of ForexPlus Card (Load/Reload) and Foreign Currency availed from the HDFC Bank branch or any other digital channel of HDFC Bank between 1st April, 2016 to 31st May, 2016 (both days inclusive).
How does the forex card work?
Think of a forex card as a prepaid travel card that you can load with a foreign currency of your choice. You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM.
Which is the best forex card?
Below are some of the best forex cards in India that you might want to have a look at.
- YES Bank Multi-Currency Travel Card.
- Axis Bank Multi-Currency Forex Card.
- MakeMyTrip HDFC Bank ForexPlus Card.
- ICICI Bank Travel Card.
- HDFC Regalia ForexPlus Card.
How do I check the balance on my forex card?
When checking the balance online, log in with the user ID and password provided for net banking and then put your card number and pin. Once you put that, you will find an option for checking your balance. Also, you can contact your bank’s phone banking services and check the balance of your Forex card.
What are the charges for forex card?
“For amount spent abroad using Indian credit card, the fee will differ from issuer to issuer, merchant to merchant and currency to currency but would consist of conversion charges ranging from 3.50% to 5.00% and if credit card is used for withdrawal of foreign currency from ATMs abroad an additional withdrawal charge …11 мая 2018 г.
How do you put money on a forex card?
To reload the card, you can visit a branch of the bank, fill the Forex Reload form or A2 form and submit a cheque or debit instruction for the amount to be reloaded. As an account holder, you can also use NetBanking to reload your card anywhere, anytime, even when you are abroad.
Is forex card better than cash?
Prepaid forex cards have better exchange rates than carrying cash around. Therefore, you can buy more foreign currency in a prepaid forex card than as cash, with the same amount of money. Cash has higher conversion rates and may vary from one dealer to the next. … Cash that is lost, remains lost.
Which bank gives best forex rates?
Banks giving the best money exchange rates to India
- ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA. …
- SBI Express Remit. …
- HDFC Bank – Quick Remit. …
- Axis Remit. …
- Click2Remit. …
- BarodaRemitXpress. …
- IndRemit. …
Can I withdraw cash from forex?
Yes, you can withdraw cash from any VISA/VISA Plus/MasterCard ATMs worldwide. However, if you have to change the PIN of your Forex card, you can do that only in an Axis Bank ATM in India. Your Card will work fine at any shop or restaurant or a hotel that accepts cards of Visa/Visa Plus or MasterCard.
Which Indian Bank is best for international travel?
Best International Debit Cards Offered by Indian Banks
- SBI Global International Debit Card.
- ICICI Bank Sapphiro International Debit Card.
- Axis Bank Burgundy Debit Card.
- HDFC EasyShop Platinum Debit Card.
- Yes World Debit Card.
- HSBC Premier Platinum Debit Card.
Is it cheaper to use cash or card abroad?
Local cash is normally the easiest way to pay abroad. However, you’ll need to shop around for a good exchange rate. Unless they’re designed for travellers, credit cards and debit cards are usually expensive to use abroad. Avoid withdrawing money with a credit card, as this can attract steep fees and interest.
What are the documents required for forex card?
Documents required while purchasing/reloading the Multi-Currency Forex Card:Sr.DocumentAt the time of Purchase1.Passport CopyMandatory2.Application FormMandatory3.VisaMandatory4.Airline TicketMandatoryЕщё 1 строка
Can I transfer money from forex card to bank account?
Even though you can check your forex card balance online, but you can’t transfer funds from your forex card to your bank account. Most forex cards levy a fee per ATM withdrawal abroad, there is also a limit to your daily withdrawal.
How do I activate my forex card?
When can I start using the card?
- You can commence the usage of the card once the same is activated. …
- Ensure that you receive the PIN and sign on the signature panel at the back of the card.
- Change the PIN and check the balance on the card at any Axis Bank ATM before your departure from the country.
Which is the best forex card for students?
HDFC Bank Forex Cards
- Multicurrency ForexPlus Card. Main Feature. The HDFC Multicurrency ForexPlus Cards lets you carry 22 different currencies in one single card. …
- ISIC Student ForexPlus Card. Main Feature. Specially made for students. …
- Regalia ForexPlus Card. Main Feature.