Are you planning a trip abroad? Did you know that you can save a lot of money by using a forex card instead of your debit or credit card? But which forex card should you choose among so many? Let's look at some of the best forex charts in India (2023).
Nowadays, credit or debit cards are the most widely accepted payment method in the country as people are aware of its benefits. They help you manage your funds with ease and not carry cash around. That saves you from stress. Also, it is a great advantage for you if you want to improve your credit history. A good credit history will help you get credit easily in the future. However, if you are traveling abroad, you should avoid using your credit card for payments and purchases as it will cost you high surcharges, conversion fees and other fees. Then opting for a foreign exchange card is the wisest decision, because it helps you with foreign currencies conveniently and without additional costs.
Forex cards are one of the best options to spend your money wisely when traveling abroad. These cards are secure and serve as a cheap substitute for your cash. It also helps you with reasonable exchange rates when using a forex card with foreign currencies loaded. Even if the forex market rates continue to rise or fall, the rate for the money you have loaded onto your forex card remains the same.
When traveling abroad, it is better to use a forex card. It saves you the hassle of carrying cash and exchanging currencies. Paying for purchases in retail stores, hotels, restaurants or anywhere else becomes easy when you are on the go.
What is a forex card?
Also known as a prepaid card, prepaid travel money card or travel credit card, a forex card is more of a “ready to use card” than a regional currency. It is available in a fixed amount, but offers the possibility to load the card according to your needs.
You can top it up with any currency and use it as a debit or credit. One of the main advantages of this card is that it helps you to pay abroad and saves you the hassle of exchanging money. And just like a credit or debit card, it can also be used to withdraw cash from ATMs. The Forex Card helps keep your money safe when traveling abroad.
DIFFERENT TYPES OF FOREX CARDS IN INDIA:
There are two types of forex cards in India. Is it like this:
- Multi-currency forex cards: A card that can be loaded with 23 different currencies and used worldwide. When traveling from one country to another, it helps you convert from the currency you are currently using to the currency of the country you are going to visit.
- Single Currency Forex Cards:Every time you use another currency, this card incurs a hefty exchange fee, and it also comes with limited usage.
Some other types of currency cards were also introduced, such as B. Student currency cards for students traveling abroad and contactless currency cards to securely pay for your purchases in retail stores. One has to choose among these the best forex card according to its usage.
ADVANTAGES OF A FOREX CARD
A forex card offers many advantages, especially when traveling abroad.
Here are some benefits you will get by choosing a Forex card in India:
- A safe option for handling currencies when traveling abroad.
- It's less expensive and has fewer fees than credit or debit cards.
- Offers exclusive discounts and privileges.
- To pay for a purchase, all you have to do is swipe your card to pay.
- The best forex cards offer better exchange rates than travelers checks or cash.
- Forex cards in India offer special discounts, no ATM access fee, no exchange currency fees and low transaction fees.
- Its properties make it a safe payment method.
- It is accepted all over the world.
- It also offers free international SIM cards, emergency cash support and many other privileges.
Top 20 Forex Cards in India (2023)
1. Tarjeta Forex World Traveler der Axis Bank
This card is offered bybench axisin connection with Miles and More; This is one of the best forex cards that caters to Indian travelers who frequently travel internationally. The card comes with free Miles and More membership. You can earn award miles for top-ups and every time you pay with the Travelers Forex card.
The currencies that the card accepts are:
- American dollar
- Euro
- Saudi-Rial
- Thai baht
- New Zealand dollars
- Dollar in Hongkong
- Australian dollar
- Canadian dollar
- Swiss franc
- Japanese yen
- Indian rupees
- Singapore-Dollar
- Pound Sterling
- United Arab Emirates dirhams
- Swedish crown
- Danish crown
- South African Rand
security features:
- Transactions become fast and secure when we can pay with MasterCard's contactless technology.
- The card uses chip and PIN technology, which is much more secure than traditional cards that use magnetic strips.
- The Exchange Rate Locked feature allows users to save up to 4% on exchange rates and avoid additional transaction fees.
- Earn five award miles for every $5 spent on the card.
Additional Benefits:
- Trip Assist provides you with emergency assistance.
- Miles and More programs allow you to earn miles.
- Welcome bonus of 1,000 airline miles and 2,000 miles as an additional reward when you load more than $4,000.
- The remaining cash on the card can be used through the INR wallet for retail transactions in India.
Axis Bank World Traveler Forex Card Fees and Commissions
The fees and charges of this forex card are listed below:
| Award miles welcome | 1000 miles |
| Bonus award miles when you top up over $4,000 | 2000 miles |
| Redeem linked award miles for every $5 spent | 5 miles |
More information aboutAxis Bank Word Traveler Forex decks of cards consult is PDFfrom the bank's website.
With miles and more and its partners, you can redeem your miles both online and offline. Some of the partners are Taj Hotels, Resorts and Palaces, PVR Cinemas, India Times Shopping etc.
| Withdraw from ATMs abroad | Card Activation Fee | collection of funds | top-up fee | balance query | declaration request | Inactivity Fees | Additional card fee | PIN change |
| 2,36 US-Dollar | Rs. 500 + VAT | Rs. 100+ VAT | Rs. 100 + VAT | Null | EU 2,36 $ | 5,9 USD | 100.00 rupees + GST | Null |
Apply for the Axis Bank Forex World Traveler Card
2. Axis Bank multi-currency forex cards
Students who travel abroad for their studies, vacations, study trips or other reasons try to save money on every transaction they make, e.g. B. Airline tickets, travel insurance, tuition fees, cash withdrawals, etc.
Axis Bank Multicurrency Forex Card is among the best forex cards for students and is one of the best forex cards in India that allows you to have 16 different foreign currencies in a single card.
The 16 coins are as follows:
- American dollar
- British pound
- Swedish crowns
- Euro
- United Arab Emirates dirhams
- Pound Sterling
- Singapore-Dollar
- Danish crown
- Australian dollar
- Sliced Bhat
- South African Rand
- Canadian dollar
- New Zealand dollars
- Japanese yen
- Swiss franc
- Saudi-Rial
There are also two types of this card:
I. Contactless Forex Card:This card features Visa's payWave technology. Based on Visa's payWave technology, you simply swipe your card through a secure card reader to make the payment. It's more secure because you don't even have to hand your card to someone to swipe, you can swipe it yourself and the payment is made.
II. Forex Chart Image:This multi-currency forex card from Axis Bank offers you the opportunity to personalize it by adding an image of your choice to the card.
You do not need to be an existing Axis Bank customer to apply for this card. This card is valid for 5 years. You can charge it up and use it for as many trips as you like during this period. And the first 3 ATM transactions are complementary.
security features:
This card comes with Axis Bank TripAssist: Emergency Assistance, which allows you to:
- Lock map.
- Help if you lose your passport.
- get emergency money.
- With the Exchange Rate Lock feature, the cash on the card is not affected by exchange rate fluctuations.
Additional benefits:
- You can withdraw cash from any Mastercard/VISA ATM worldwide.
- At least 15% discount in various restaurants.
- Earn 2 reward points for every $5 or equivalent spent in any currency.
Special offer only valid for students:
- There is no transaction fee at the ATM
- The issuance and reloading fee is waived
- 1% cashback on ECOM/POS transactions
- Free TripAssist service
Axis Bank Multi-Currency Forex Card Fees and Charges
The fees and charges of this Forex card in India are listed below:
| initial sales fee | Card Reload/Renewal Fee | Additional card fee | collection fees | PIN change | balance query | Foreign Currency Fee |
| 300.00 rupees + GST | 100.00 rupees + GST | 100.00 rupees + GST | 100.00 rupees + GST | Null | Null | 3,5% |
More information aboutAxis Bank multi-currency forex cardsconsult is PDFfrom the bank's website.
Order multi-currency forex cards from Axis Bank
3. Axis Bank Diners Card
Axis Bank's Diners Card only allows you to top up in USD. There are several other benefits associated with the card for travelers to the United States. The card earns you 2 points every time you spend $5 at a store/outlet.
security features:
- Along with Axis Bank's TripAssist features, they also feature chip and PIN technology, which works much better than older cards that used a magnetic stripe.
- With Diners technology, you can pay directly at any retailer without delay.
Additional benefits:
- Coverage for medical treatment and ATM theft. (Maximum amount of Rs 60,000)
- Insurance coverage in the event of theft/loss.
- Users can collect the funds and transfer them to a foreign currency resident national account.
Axis Bank Diners Card Fees and Charges
The fees and other charges for this forex card are listed below:
| Withdraw from ATMs abroad | Card Activation Fee | collection of funds | top-up fee | balance query | PIN change | Additional card fee |
| 2 US-Dollar | Rs. 150 + VAT | Rs. 100+ VAT | Rs. 100 + VAT | Null | Null | 100.00 rupees + GST |
More information aboutFees for the Axis Bank Diners Cardconsult is PDFfrom the bank's website.
Apply for the Axis Bank Diners card
Also read: Axis Bank credit card online payment guide
4. Tarjeta ForexPlus Multidivisa by HDFC Bank
HDFC ForexPlus cards are among the best forex cards in India, it is an easy, safe and cashless way to carry foreign currency on your trip abroad. You can use this card to pay for purchases, accommodation, meals, etc.
This card allows you to use currencies from 22 different countries, namely:
- American dollar
- Euro
- Pound Sterling
- Australian dollar
- Canadian dollar
- Swiss franc
- Japanese yen
- Singapore-Dollar
- Swedish crowns
- United Arab Emirates dirhams
- Saudi-Rial
- Thai baht
- South African Rand
- Danish crown
- Omani rial
- Riyal Qatar
- Korea won
- Dollar in Hongkong
- Norwegian krone
- Bahrain-Dinar
- New Zealand dollars
- Kuwaitischer Dinar
security features:
- payWave NFC technology helps you to make a payment without providing card information, i.e. contactless.
- If your main card is lost or stolen, a backup card is available.
- It comes with an embedded chip and PIN-based transactions.
Additional benefits:
- Emergency Cash Delivery Assistance - If you lose your card or experience card failure, HDFC Bank offers an emergency cash delivery service worldwide.
- There is an additional assistance service for lost passports and luggage.
- Free international SIM card with ₹200 talk time.
- Customers also get insurance coverage worth ₹5 lakh, protecting the card from misuse.
HDFC Bank Multi-Currency ForexPlus Card Fees and Charges
The fees and other charges for this Forex card in India are listed below:
| Cash withdrawal at the ATM | registration fee | reactive rate | top-up fee | reactive rate |
| USD 2,00 | 500/- other GST | 100 rupees | 75 rupees | 100 rupees |
More information aboutHDFC Bank Multi-Currency ForexPlus Card Feescheck the bank's website.
Apply for the HDFC Bank Multi-Currency ForexPlus Card
5. Tarjeta HDFC Bank ISIC Student ForexPlus
As the name suggests, this card is presented for students and works like a student ID card. It offers many advantages, e.g. B. Discounts in around 130 countries such as books, travel, etc.
You also want to read –The best banks for a personal loan in India
The card allows the following 3 currencies:
- American dollar
- Euro
- Sterling
security features:
- Take advantage of special discounts and exclusive benefits.
- Protection against theft and fraud, the card is equipped with an EMV chip.
- The card is accepted nationwide as a student ID.
Additional benefits:
- An added benefit of coverage up to Rs 5 lakh along with accidental death insurance.
- Lost baggage charges are Rs. 50,000.
- Passport reconstruction cover, maximum Rs 20,000.
- Customers get a free international SIM card with talktime worth Rs 200.
- It can be purchased 60 days before the travel date.
HDFC ISIC Student ForexPlus Card Fees and Fees:
The fees and other charges for this Forex card in India are listed below:
| Card issuance fee | top-up fee | Card reissuance fee | Cash withdrawal at the ATM | balance query | Proof of charge recovery |
| 300 rupees | 75 rupees | 100 rupees | USD 2,00 | USD 0,50 | USD 3,00 |
More information aboutHDFC Bank ISIC Student ForexPlus Card Tarifecheck the bank's website.
Request Tarjeta HDFC Bank ISIC Student ForexPlus
6. Tarjeta HDFC Regalia ForexPlus
This card is loaded with USD currency. There are no currency fees. You can also make payments in other currencies. Also, the exchange currency fee for this card is zero.
security features:
- Contactless payment method.
- HDFC helps worldwide when the card is lost or fails.
- Emergency cash delivery within 6-7 hours in case of card loss.
Additional benefits:
- Courtesy service from affiliated hotels.
- Earn reward points for every $1 spent.
- Free access to the VIP rooms of the international airport.
- Coverage from Rs. 50000 to 5 lakhs.
- For cash withdrawals managed at Red All Point connected ATMs, the ATM ownership fee is waived.
HDFC Regalia Forex Plus Card Fees and Charges
The fees and other charges for this Forex card in India are listed below:
| Card issuance fee | registration fee | top-up fee | Card reissuance fee | Cash withdrawal at the ATM | balance query |
| 1000 rupees | 500/- other GST | 75 rupees per charge | 100 rupees per card | USD 4,00 | USD 0,50 |
*Rs. 1000 is the card issuing fee.
More information aboutHDFC Bank ISIC Student ForexPlus Card Tarifecheck the bank's website.
Apply for the HDFC Regalia ForexPlus card
Also read: HDFC MoneyBack Plus Credit Card Review
7. Thomas Cook Unlimited Prepaid Card
Another best forex card in India, this card has a validity of 5 years and another best thing about this card is that you get a backup card for free. You can use this backup card if you lose the main forex card on your card or if it is stolen.
This card allows you to have currencies from 9 different countries through a single card, namely:
- Swiss franc
- american dollars
- Australian dollar
- Sterling
- Euro
- Canadian dollar
- Singapore-Dollar
- Japanese yen
- United Arab Emirates dirhams
security features:
- Chip and PIN based card protection.
- Free card backup.
- Not linked to your bank account.
- Dedicated customer support and emergency service.
Additional benefits:
- No fees are deducted for cash withdrawals from ATMs.
- Backup card available free of charge.
- No surcharge at All Point network ATMs.
- Insurance coverage up to $10,000.
- Free replacement for lost or stolen cards.
Thomas Cook Borderless Prepaid Cards Fees and Charges
The fees and other charges for this forex card are listed below:
| Withdraw from ATMs abroad | Card Activation Fee | top-up fee | Inactivity Fees | intercurrency fee |
| US-Dollar 2 | Rs. 150 + VAT | Rs. 100 + VAT | 5 US-Dollar | Null |
More information aboutThomas Cook Borderless Prepaid Card FeesRefer toThomas Cook-Website.
Buy the Thomas Cook Borderless prepaid card
8. Thomas Cook One Coin Card
This card can be filled with USD and used worldwide. This card is issued in the MasterCard network and is valid for up to 5 years.
security features:
- Just like a modern debit or credit card, this Forex card is equipped with chip and PIN technology to make transactions safe and convenient.
- Zero cross conversion fee.
- Chip and pin protected.
- Free replacement for lost or stolen cards.
Additional benefits:
- No fees are deducted for cash withdrawals from ATMs.
- Backup card available free of charge.
- No surcharge at All Point network ATMs.
- $10,000 coverage with each free insurance.
Thomas Cook One Currency Card Fees and Charges
The fees and charges of this forex card are listed below:
| Withdraw from ATMs abroad | Card Activation Fee | top-up fee | Inactivity Fees | intercurrency fee |
| 3,99 US-Dollar | Rs. 150 + VAT | Rs. 100 + VAT | 5 US-Dollar | Null |
Buy the Thomas Cook One Currency Card
9. Tarjeta Forex Multidivisa de IndusInd Bank
This forex card is for those who travel abroad frequently. About 8 coins can be loaded onto this card. You do not have to be an existing IndusInd Bank customer to opt for this forex card. You can also get secure transaction offers and dining with this card.
The following currencies can be loaded:
- US Dollar
- Euro
- Australian dollar
- Pound Sterling
- Singapore-Dollar
- Saudi-Rial
- Canadian dollar
- United Arab Emirates dirhams
- Dollar in Hongkong
- Swiss franc
- Japanese yen
- New Zealand dollars
- South African Rand and Thai Baht
security features:
- The card is very secure as it comes with an embedded chip.
- Easy online transactions.
- Allows withdrawals at all VISA ATMs.
- It comes with a paired card key option which is a backup card in case you lose the main card.
- Cardholders can easily withdraw the remaining balance after their return to India.
Additional benefits:
- If the card is lost or damaged, a card replacement is possible.
- It offers you 2 free ATM withdrawals per currency every month.
- The refund process is very convenient.
- Receive instant notifications for transactions.
- It provides you with instant transaction alerts. This helps prevent fraud.
- An additional backup card is provided with the main card.
IndusInd Bank multi-currency forex card fees and other fees
The fees and charges of this forex card are listed below:
| Issuing fee *(single ticket) in INR | Issuing fee (single chip card in INR) | INR recharge fee | Card reissuance fee in INR |
| 150 | 150 | 100 | 100 |
More information aboutIndusInd Bank Multi-Currency Forex Card Feescheck the bank's website.
Buy IndusInd Bank Multicurrency Forex Card
Also read:
10. ICICI Bank Multicurrency Platinum Travel Card
This travel/exchange card is a prepaid foreign currency card that allows you to make your trip abroad comfortable without having to worry about cash problems all the time. You can load this card with various foreign currencies in India and use it to withdraw cash in the local currency abroad.
The ICICI Bank MultiCurrency Platinum Travel Card also offers features such as travel insurance, emergency assistance and advanced account management capabilities.
The following currencies can be loaded:
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- American dollar
- Pound Sterling
- Euro
- Canadian dollar
- Australian dollar
- Singapore-Dollar
- United Arab Emirates dirhams
- Swiss franc
- Japanese yen
- Swedish crown
- South African Rand
- Saudi Riyal
- Thai baht
- New Zealand dollars
- Dollar in Hongkong
security features:
- Liability insurance coverage up to Rs 2 lakhs for lost cards.
- If you lose or misplace your card, you can get help 24 hours a day, 7 days a week.
- Duty free shopping at Indian airports.
Additional benefits:
- Maximum security through 3D Secure technology and CHIP & PIN.
- Discounts on shopping, meals and accommodation.
- Up to Rs 10 lakhs coverage in Personal Aviation Accident Cover.
- Convenient refund process.
- Instant real-time account update.
- It can easily be topped up online.
- Wallet to wallet transfer.
ICICI Bank Single Currency Forex Card Fees and Charges:
The fees and charges of this forex card are listed below:
| ATM withdrawals | registration fee | top-up fee | idle fee | Foreign Currency Fee | ATM balance request fee | Lost card replacement fee |
| USD 2,00 | 150 rupees + GST | 100 rupees + GST | $5 for every 180 days of inactivity | 3.5% + GST Applicable | USD 0,50 | USD 3 if lost in India USD 20 if lost abroad |
More information aboutICICI Bank Multi-Currency Platinum Travel Card Feescheck the bank's website.
Apply for the ICICI Bank Platinum Multicurrency Travel Card
11. SBI International Travel Card
This is one of the most worthy, smart, safe and hassle-free forex cards. It can be loaded with 7 coins at a time. With this card you can pay in shops, hotels and restaurants worldwide because it bears the MasterCard acceptance mark.
The following currencies can be loaded:
- US-Dollar (USD)
- Pound Sterling (GBP)
- Euro
- Canadian dollar (CAD)
- Australian Dollar (AUD)
- Japanese yen (YEN)
- Saudi Riyal (SAR)
- Singapore-Dollar (SGD)
security features:
- The card is issued on the VISA International platform.
- The card can be used in the fields of medicine, tourism, pilgrimage, etc.
- You can contact SBI's card services team and block your card immediately if it is lost or stolen.
Additional benefits:
- Supplementary cards that are no more than two.
- It can be used to pay your bills for groceries, restaurants and accommodation.
- The minimum amount that can be loaded and recharged is 200 USD and the equivalent in other currencies.
- The emergency cash refill based on your card balance.
- In the event of loss/damage/misplacement of the card, only two additional or supplementary cards can be made available to cardholders.
- Global support is available 24/7.
- Can be operated with a 4-digit PIN in ATMs and with a PIN/signature in commercial facilities.
- Competitive exchange rates.
SBI fees for foreign travel cards and other fees:
The fees and charges of this forex card are listed below:
| FTC Issuing Fee | Fee for additional cards (no more than 2) | card reload fee | ATM balance request fee | ATM withdrawal fee |
| 100 rupees+GST everyone | 100 rupees+GST | 50 rupees + GST | USD 0,50 | USD 1,75 |
GCAS fee per transaction via VISA
- Loss/Theft Report: USD 35 or equivalent in other currencies.
- Cash/card replacement: USD 175 or equivalent in other currencies.
- Miscellaneous Requests - $5 or equivalent in other currencies.
More information aboutSBI Overseas Travel Card Feescheck the bank's website.
Apply for the SBI Foreign Travel Card
12. YES Bank multi-currency travel card
It is considered to be one of the most beneficial money exchange cards in India as it is inexpensive and secure. The online customer service portal helps to easily manage cards from all over the world at any time. It has high security and low overall cost compared to others.
The currencies this card allows are:
- USD (US-Dollar)
- EUR (euros)
- SGD (Singapore Dollar)
- GBP (pound sterling)
- AED (United Arab Emirates Dirham)
- AUD (Australian Dollar)
- CAD (Canadian Dollar)
- JPY (Japanese Yen)
- HKD (Hongkong-Dollar)
- CHF (Swiss Francs)
security features:
- Chip-based card for extra security
- Instant real-time SMS notifications
- Insurance coverage on the card
- Temporary card lock feature
Additional benefits:
- The safest way to transport foreign currencies
- You can view and analyze the details of all previously made transactions. You can also review your last 10 transactions.
- It is easy to manage this card by connecting to the customer service portal accessible online.
YES Bank Multi-Currency Travel Card Fees and Charges:
The fees and charges of this forex card are listed below:
| Issuing Commission | top-up fee | reimbursement costs | Foreign Currency Fee (Markup Fee) | Cash Advance/Withdrawal Fee |
| 125,00 INR/- | INR 100,00/- | INR 75,00/- | 2.75% of the transaction value | 2% of the transaction value |
More information aboutFees for multi-currency travel cards from YES Bankrefer toBank-Website.
Apply for the YES Bank Multi-Currency Travel Card
Also read: Yes Exclusive first credit card test 2022
13. BookMyForex Travel Map
BookMyForex has partnered with YesBank to launch its own Visa-powered forex card to simplify payments abroad. Traveling students and professionals like their service and find it beneficial. There are no expensive fees for using ATMs to withdraw money or scan your balance at retail stores. BookMyForex resulted in savings of Rs. 19.25 million sold over 1.25 000 forex cards and that sets it apart from its competitors.
This card supports the following currencies:
- American dollar
- British pound
- Euro
security features:
- Strict PIN protection method that guarantees the security of the customer's account and money.
- You can receive notifications for all your transactions through the automatic fraud prevention mechanism.
- Free insurance protection in case of theft or other unwanted incidents.
Additional benefits:
- The card can simultaneously support 15 different currencies from different countries.
- It is more convenient than other cards because you can exchange money for free.
- Bookmyforex waives all the fees commonly associated with Forex cards such as B. Exhibition, charging, etc.
BookMyForex Travel Card Fees and Charges:
The fees and charges of this forex card are listed below:
| Issuing Commission | top-up fee | reimbursement costs | Foreign currency commission* (increase fee) | inactivity fee |
| INR 0,00/- | INR 0,00/- | INR 0,00/- | 3.5% of the transaction value | $5/equivalent |
More information aboutBookMyForex Travel MapRateRefer totheBank-Website.
Apply for a BookMyForex travel card
14. Your global map
According to a survey conducted by a trusted travel agency, the Niyo Global Card is a popular and advantageous currency card. This card was introduced in cooperation with the DCB Bank. It makes it easy to use the card through the mobile application and you can lock the card if it is not used for a long time.
With this card you can have the following currencies:
- American dollar
- British pound
- Euro
- Canadian dollar
- Australian dollar
- Japanese yen
- Saudi-Rial
- Singapore-Dollar
- United Arab Emirates dirhams
- Switzerland France
- South African Rand
- Thai baht
- New Zealand dollars
- Dollar in Hongkong
security features:
- Manage your digital savings account by blocking various transactions or adding limits.
- Insurance coverage up to ₹5 lakh
Additional benefits:
- Real-time updates for your transactions
- In addition to the TripAssist features provided by DCB Bank, it works with chip and PIN technology, which is more effective than older cards that use magnetic strips.
- Withdrawals from ATMs connected to the All Point Network do not incur any ATM ownership fees.
Niyo Global Card Fees and Fees:
The fees and charges of this forex card are listed below:
| registration fee | annual quota | account debit | International POS and Ecom transactions valued at over 7 lakhs in any given financial year | Reissuance of lost, stolen or damaged cards |
| For free | For free | For free | 5% will be charged as TCS on the incremental amount exceeding ₹7 lakhs | 250 rupees + VAT |
More information aboutYour global card feesrefer toBank-Website.
15. Borderless Wise-Karte
Wise Borderless Cards is one of the best forex cards for students. They allow transactions at minimal cost between countries and easy payments, large and small, in the respective national currencies. It is online based and can transfer money in more than 60 currencies worldwide. If you're a student from the United States, Europe, Australia, or the United Kingdom, you can use a Wise Multi-Currency Account, a unique card that allows users to carry more than 45 currencies and withdraw up to $350 /INR can make 25,976 free a month.
The currencies this card allows are:
- AUD (Australia)
- CAD (Canada)
- EUR (European banks)
- GBP from any UK bank account or via SWIFT
- NZD (New Zealand)
- MYR (Malaysia - only available for personal accounts)
- SGD (Singapore)
- USD (United States of America) or via SWIFT from certain countries
- RON (Romania - only available if you reside in EEA, Switzerland, USA, Canada, Australia or Japan)
- HUF (Hungary)
- TRY (Turkey)
security features:
- Lock and unlock the card in one go.
- Generate new digital cards for security and protection.
Additional benefits:
- Receive notifications for every transaction.
- This card has low uniform fees for exchange rates.
- It doesn't require a lot of paperwork to send money to your country of origin.
- You can save up to 85% on international transactions.
Wise Borderless Card Fees and Fees:
The fees and charges of this forex card are listed below:
| To open an account | 2 or less withdrawals | + $1.50 per payout | Hold more than 50 coins | |
| For free | For free | 2% | No subscription fees and $9 | For free |
More information aboutborderless wise cardRaterefer toBank-Website.
Apply for the Wise Borderless Card
Also read:List of private banks in India
16. ICICI Bank Forex Student Card
The ICICI Bank Student Forex Prepaid Card is exclusively for students who want to study abroad. A great feature is that you can top up at any ICICI Forex branch, on their Forex@Click online platform or through their iMobile app.
This card supports the following currencies:
- US-Dollar (USD)
- Pound Sterling (GBP)
- Euro
- Canadian dollar (CAD)
- Australian Dollar (AUD)
- Singapore-Dollar (SGD)
- United Arab Emirates Dirham (AED)
- Switzerland France (CHF)
- Japanese Yen (JPY)
- Swedish Krona (SEK)
- South African Rand (ZAR)
- Saudi Riyal (SAR)
- Thai baht (THB)
- New Zealand Dollar (NZD)
- Hongkong-Dollar (HKD)
security features:
- Liability insurance coverage up to Rs 2 lakhs for lost cards.
- If you lose or misplace your card, you can get help 24 hours a day, 7 days a week.
- Liability insurance for lost cards/counterfeit cards up to Rs. 5 lakhs.
- Card protection plus insurance worth Rs. 1,600.
Additional benefits:
- Duty free shopping at Indian airports.
- International Student Identity Card (ISIC) membership for just Rs. 590.
- 40% discount on excess baggage.
- 20% discount on DHL courier service.
ICICI Bank Student Forex Card Fees and Charges:
The fees and charges of this forex card are listed below:
| registration fee | annual quota | Reissue card | top-up fee | Foreign Currency Fees |
| Rs. 499 | Rs. 199 (from the second year) | free for the first time | Rs. 100 | 3,5% |
More information aboutICICI Bank Student Forex CardRaterefer toBank-Website.
Apply for the ICICI Bank Student Forex Card
17. Tarjeta MakeMyTrip HDFC Bank ForexPlus
This is one of the best forex cards for students and workers abroad. The MakeMyTrip HDFC ForexPlus card is a prepaid co-branded forex card. The card has an initial issuance fee of Rs. 500 (plus GST) but there is no annual membership fee for the card. Transactions from the card are easy to complete and there are no FX surcharges; However, a currency other than that loaded on the card will incur a cross-currency usage fee of 2% of the transaction amount.
With this card you can have the following currencies:
- Australian dollar
- Dirham
- Canadian dollar
- Euro
- Dollar in Hongkong
- Japanese yen
- Singapore-Dollar
- Pound Sterling
- Swiss franc
- Swedish crown
- Thai Baht
- South African Rand
- Omani rial
- New Zealand dollars
- Danish crown
- Norwegian krone
- Saudi-Rial
- Korea won
- Bahrain-Dinar
- Riyal Qatar
- Kuwaitischer Dinar
- American dollar
security features:
- Secure chip and PIN transactions in the POS function
- Protection against exchange rate fluctuations
- Easily change ATM PIN as you wish
- Security card function (only available on request)
Additional benefits:
- Free MMT Black membership
- Rs. 500 Wave Voucher for a minimum of $1,000 (or equivalent)
- Issuing fee waived with valid MMT flight/hotel/holiday booking ID or initial load of at least $1,000 (or equivalent)
- Free access to 2 VIP lounges at international airports across India.
MakeMyTrip HDFC Bank ForexPlus Card Fees and Charges:
The fees and charges of this forex card are listed below:
| registration fees | Issuing Commission | Cash Withdrawal Fees | top-up fee | Cross-Currency Usage Fee |
| Rs. 500 (plus applicable taxes) | Rs. 500 (plus applicable taxes) | USD 2 | Rs. 75 | 2% of the transaction amount |
More information aboutTarjeta MakeMyTrip HDFC Bank ForexPlusRaterefer toBank-Website.
Request the Tarjeta MakeMyTrip HDFC Bank ForexPlus
18. Axis Bank Club Vistara currency card
The Axis Bank Club Vistara Forex Card is a co-branded prepaid card launched by the partnership of Axis Bank and Air Vistara. Although not a credit card, you can earn rewards such as Club Vistara points (CV points) on all transactions made with the card. There is no annual fee for card membership but there is an initial fee of Rs. 500 (plus GST) during card issuance. Additionally, there is no minimum income requirement for your eligibility.
The currencies this card allows are:
- USD (US-Dollar)
- EUR (euros)
- GBP (British Pound)
- SGD (Singapore Dollar)
- AUD (Australian Dollar)
- CAD (Canadian Dollars)
- JPY (Japanese Yen)
- CHF (Swiss Francs)
- SEK (Swedish Krona)
- THB (Thai baht)
- AED (United Arab Emirates Dirham)
- SAR (Saudi Riyal)
- HKD (Hongkong-Dollar)
- NZD (New Zealand Dollar)
- DKK (Danish Krone)
- ZAR (South African Rand)
security features:
- Ultra short range of less than 4 cm
- Unique embedded secret key to generate a unique code for each contactless transaction
- Every transaction is securely authorized.
- The power and global reach of the VisaNet system to prevent fraudulent transactions.
Additional benefits:
- 500 Club Vistara Points (CV Points) as a welcome gift when you top up the card for the first time.
- Cashback up to Rs. 1,000 in international roaming packages per VI.
- No currency increase fee for transactions made in the currency loaded on the card.
- A cash withdrawal fee of $2.25 (or equivalent) is charged each time you withdraw cash from an ATM.
- Card cash withdrawals also incur a cash advance fee of 0.5% of the transaction amount (maximum $75 fee).
Axis Bank Club Vistara Forex Card Prices and Fees:
The fees and charges of this forex card are listed below:
| acquisition cost | transaction fee | Cash Withdrawal Fee | balance query | cash advance fee |
| 500INR+GST | Null | $2.25 (or equivalent) | $0.50 (or equivalent) | 0.5% of the transaction amount (maximum fee of $75) |
More information aboutAxis Bank Club Vistara Forex Card Feesrefer toBank-Website.
Apply for the Axis Bank Forex Club Vistara card
Also read:Axis Bank Buzz Credit Card Review 2022
19. Goibibo ICICI Bank Forex Prepaid-Karte
Goibibo ICICI Bank Forex Prepaid Card is a co-branded Forex card launched jointly by ICICI Bank and Goibibo. Like all other prepaid cards, you must first load the card with cash before you can use it for transactions. Although there is no reward structure, some other benefits can be claimed such as: B. Discounts on exchange rates, food, taxi vouchers, etc.
This card supports the following currencies:
- US-Dollar (USD)
- Pound Sterling (GBP)
- Euro
- Canadian dollar (CAD)
- Australian Dollar (AUD)
- Singapore-Dollar (SGD)
- United Arab Emirates Dirham (AED)
- Switzerland France (CHF)
- Japanese Yen (JPY)
- Swedish Krona (SEK)
- South African Rand (ZAR)
- Saudi Riyal (SAR)
- Thai baht (THB)
- New Zealand Dollar (NZD)
- Hongkong-Dollar (HKD)
security features:
- Liability insurance coverage up to Rs 2 lakhs for lost cards.
- If you lose or misplace your card, you can get help 24 hours a day, 7 days a week.
- Comprehensive insurance plan thanks to the card.
Additional benefits:
- Duty free shopping at Indian airports.
- goCash+ gift voucher worth Rs. 500. goCash+ is a 100% redeemable currency on Goibibo.
- Rs. 1,000 worth of Goibibo vouchers
- Taxi voucher worth up to Rs. 1,000 when loading $1,000 onto the card.
- Rs. 0.40 rebate in the exchange rate when loading $1,000 onto the card.
- 15% discount on dining at over 100 Indian restaurants in 6 countries: Kuala Lumpur, Dubai, London, Singapore, Hong Kong and Bangkok when paying with your Goibibo ICICI Forex Prepaid Card.
- Rs. 1,600 courtesy card protection from OneAssist wallet support.
- Discount of Rs. 500 in purchases at Croma outlets (including airport and online outlets).
Goibibo ICICI Bank Forex Prepaid Card Fees and Fees:
The fees and charges of this forex card are listed below:
| registration fee | annual quota | cash advance fee | top-up fee | Currency Increase Fee |
| Rs. 499 + VAT | Null | 0.5% of the transaction amount | Rs. 100 | 3.5% of the transaction amount |
More information aboutGoibibo ICICI Bank Forex Prepaid-KarteRaterefer toBank-Website.
Apply for the Goibibo ICICI Bank Forex Prepaid Card
20. ICICI Bank Sapphiro Forex Prepaid-Karte
ICICI Bank's Sapphiro prepaid forex card is a premium forex card with a hefty (compulsory) issuance fee of Rs. 2,999 (Rs. 999/year for officials from the second year) and benefits such as free access to international lounges , discounts on hotel/flight bookings, etc. The ICICI Sapphiro Prepaid Currency Card has no reward structure as it is not a credit card. No income-based criteria are required for eligibility for the Sapphiro Prepaid Forex Card. You can apply for the card online or through ICICI Bank exchange offices where you can submit your application offline.
With this card you can have the following currencies:
- US-Dollar (USD)
- Pound Sterling (GBP)
- Euro
- Canadian dollar (CAD)
- Australian Dollar (AUD)
- Singapore-Dollar (SGD)
- United Arab Emirates Dirham (AED)
- Switzerland France (CHF)
- Japanese Yen (JPY)
- Swedish Krona (SEK)
- South African Rand (ZAR)
- Saudi Riyal (SAR)
- Thai baht (THB)
- New Zealand Dollar (NZD)
- Hongkong-Dollar (HKD)
security features:
- Liability insurance coverage up to Rs 2 lakhs for lost cards.
- If you lose or misplace your card, you can get help 24 hours a day, 7 days a week.
- Comprehensive insurance plan thanks to the card.
Additional benefits:
- Duty free shopping at Indian airports.
- Central Shopping Voucher worth Rs. 500.
- Uber Rs. 1,000 discount coupons
- Free access to 2 international airport lounges around the world with Dragon Pass membership.
- 5% discount on hotel and flight bookings with a monthly maximum of Rs. 3,000 in reimbursement.
- Discounts on international roaming packages.
- No surcharge on using Cross Currency.
- A free replacement card is included in the welcome pack.
- The card can be used to shop at duty free shops at international airports across India.
ICICI Bank Sapphiro Forex Prepaid Card Fees and Charges:
The fees and charges of this forex card are listed below:
| Issuing Commission | Annual membership fee | Foreign Currency Increase Fee | Cross-Currency Fees | cash advance fee |
| Rs. 2999 (other GST) | Rs. 999 (other GST) | Null | Null | USD 2 |
More information aboutICICI Bank Sapphiro Forex Prepaid-KarteRaterefer toBank-Website.
Apply for the ICICI Bank Sapphiro Forex Prepaid Card
Some interesting facts about Forex Travel Cards
- The bank issues these cards at a very low price of Rs 150-200.
- The foreign currency loaded on the card is charged at the daily exchange rate. Even if the market values of currencies change, your rate remains fixed and unchanged.
- Currency conversion fees are included in the price. There are no additional fees for this.
- No additional amount will be charged for each purchase. When you buy something from a retail store, you can simply swipe your forex card to pay the bill and you will not be charged any fees for doing so.
- You can withdraw money from ATMs anywhere in the world, but if you use an international ATM you will be charged.
- You cannot top up your Forex Card abroad. If you prefer, contact your card issuer first.
- You can't put more than $2000 on the Forex card (according to RBI data)
FOREX CARD VS INTERNATIONAL DEBIT/CREDIT CARD
When you look at all the benefits and offers that a forex card offers, it is a much better option than a credit or debit card. You can see the different benefits you get from different forex cards and choose the best forex card for yourself.
Below are some reasons why choosing a Forex card in India is a good decision:
- Easier to apply for and be approved than credit cards. The process of getting a forex card in India is very easy and convenient.
- Unlike credit or debit cards, you can top up multiple foreign currencies. When you travel from one country to another, the forex card will help you load the currency you need onto your card.
- There are no currency conversion fees when you swipe your forex card.
- A small entry fee is charged.
- You can easily opt for a replacement card if your forex card is lost or malfunctions.
- Even if the market rate of currencies continues to fall or rise, exchange rates remain fixed.
Which Forex Card Should You Choose?
Forex cards can be used for all types of transactions. Multiple currencies can be loaded onto a single card and you can load money up to a maximum of 2.5 lakh as per RBI instructions.
You can obtain a currency card from your bank or from a currency dealer, and you do not have to be an existing customer of the bank to obtain a currency card.
Simply fill out an application form with your details, amount of foreign currency needed, etc., along with sending a certified photo of your passport, a copy of itVisa and some other documentsas required by the bank.
There are several options before choosing a good forex account based on your needs.
There are a few fees associated with your forex card:
- Cash withdrawal fee at any ATM
- Balance inquiry fee
- International SMS notification fee
- card replacement fee
- statement fee
- Fee for retrieving the fee statement
- statement fee
- Currency Surcharge
- Inactivity Fees
Forex cards come with many privileges and special offers. You should select the best option among all forex cards and make your decision based on that as it will reveal your trading history. Which card you choose depends entirely on your requirements. Some cards may have higher fees, or some cards are valid in a single currency while others are valid in multiple currencies, some may be better for students and others for travelers going abroad.
Forex cards are ideal for traveling abroad because:
- You will not incur any conversion fees. If you use a credit card to make a purchase abroad, conversion fees apply. And that's calculated at up to 3.5% of the transaction value. But a forex card has no such fees.
- Fluctuations in exchange rates have no influence on this. With other payment methods, it is possible that you will be charged accordingly if the foreign currency rate rises. When you use a Forex card, your exchange rates stay the same and you are not charged any additional fees.
- No commission is charged for cash withdrawals. When you withdraw money from an ATM using a credit or debit card, you will be charged a withdrawal fee, which can range from 2 to 3.5 percent of the withdrawal amount. Markup fees and other fees also apply. Forex cards have a limited withdrawal limit, and cash withdrawals are much cheaper or not possible at all.
- You can load different currencies and exchange at any time as forex cards are really flexible. You can use it to exchange up to 22 foreign currencies.
Forex cards are great substitutes for credit or debit cards or cash. Providing more benefits, offers and privileges without any hassle or inconvenience makes it a better choice for people. Whether you are a student or a traveler, you can get the most out of using a forex card. You have several options when choosing a forex card, so it is important to choose the best forex card for you and enjoy the benefits it offers.
Disclaimer:The content of this website is for informational and educational purposes only and should not be construed as professional financial advice. If you require such advice, please consult a licensed financial or tax adviser. References to products, offers and tariffs from third-party websites change frequently. Although we do our best to keep you informed, the numbers listed on our website may differ from the actual numbers. For more information, see our privacy policy and disclaimer.
FAQs
Which Indian forex card is best? ›
- BookMyForex Yes Bank Forex Card. BookMyForex's Multi-currency Prepaid forex card is powered by Visa & supports 14 currencies. ...
- Niyo Global Students Card. ...
- Thomas Cook Forex Card. ...
- ICICI Bank Student Forex Prepaid Card.
HDFC Bank ISIC Student ForexPlus card functions not just as an ISIC identity card for students, but also a forex card that caters primarily to students. The card is available in three major currencies. You can avail yourself of various shopping and travel related discounts through this card.
Can we have 2 forex cards? ›You can avail only one forex card at any given point in time. If you have already surrendered the card, you can re-apply for a new forex card on need basis.
Is NIYO card better than forex card? ›Niyo Global is not exactly a forex card but only better. It's a debit card linked to the zero forex markup Niyo Global digital savings account. It comes with many more features and benefits as compared to a forex card that will make handling your international transactions absolutely hassle-free.
Which is the most powerful card in India? ›- HDFC Millennia Credit Card.
- Axis Ace Credit Card.
- Amex MRCC.
- SBI Cashback Card.
- ICICI Amazon Pay Credit Card. Premium Credit Cards.
- BOB Eterna.
- HDFC Regalia.
- IDFC First Wealth. Travel Credit Cards.
- #1 Online Reload Facility. Your card should have an online reload facility so that you can transfer funds from your bank account instantly. ...
- #2 Low Exchange Rates. ...
- #3 Multi-currency Advantage. ...
- #4 EVM Chip-enabled Cards. ...
- #5 Offers and Benefits.
On the other hand, the card reload fee for an Axis Bank card is Rs 100 and cross-currency charge is 3.5%. HDFC has lower reload fee and cross-currency charges of Rs 75 and 3%. Online aggregators like Bookmyforex.com, and Fxkart.com can come to your rescue.
What are the disadvantages of forex card? ›| Parameters | Forex Card | Cash |
|---|---|---|
| Disadvantages | Nil | • Vulnerable to theft. • Difficult to carry around. • Value could decline due to fluctuations. • Hefty charges if used for currency exchange. • Hard to get lost or stolen cash back. |
As for the limit of balance up to which one can load their forex card, Bhatnagar says: "As per the Liberalised Remittance Scheme of the RBI, up to $2,50,000 equivalent in a financial year can be loaded onto the card."
Is forex card better or cash? ›A forex card has many benefits it is safer – you can block it if you lose it, and you also get insurance bundled with the card. Besides theft, you are also protected against forex fluctuations, because the rates are locked in the moment you load the card.
What happens if you lose your forex card? ›
Usually, when you buy a Forex Card, there is a replacement card provided along with it in the Forex Card welcome kit. You can use this replacement card when the original forex card is lost. Activate this card and get the balance funds from your lost forex card transferred to the replacement card and start using it.
Does SBI have a forex card? ›State Bank Foreign Travel Card,is a prepaid Foreign Currency card that makes your foreign trip trouble-free and convenient. It is a Chip based EMV compliant Card which stores encrypted and confidential information.
Which is better NiyoX or NIYO global? ›As I see, NiyoX primarily offers higher interest rates as compared to Niyo global. Forex charges and other travel benefits are the same for both NiyoX Equitas and Niyo Global.
Is NIYO global better than HDFC forex card? ›Verdict: Forex Card is easier and quicker to obtain. Both Niyo Global Card and Forex Card need KYC verification to be done to receive the card. However, the process is faster in the case of a forex card (1 day vs 7-8 days). Also, a forex card does not require a bank account opening.
Is NIYO Global approved by RBI? ›The Niyo Global account is insured for up to 5 lakhs under the “Deposit Insurance and Credit Guarantee Corporation (DICGC)”, a wholly-owned subsidiary of the Reserve Bank of India (RBI). While you're assessing your options for carrying money on your trip, here're a few do's & don'ts while carrying money abroad.
Which card is famous in India? ›| Top 10 Credit Cards | Annual Fee | Best Suited For |
|---|---|---|
| Axis Bank Ace Credit Card | Rs. 499 | Cashback |
| SBI Card Elite | Rs. 4,999 | Shopping, Travel & Movies |
| HDFC Regalia Credit Card | Rs. 2,500 | Travel & Shopping |
| Flipkart Axis Bank Credit Card | Rs. 500 | Online Shopping |
| Top 10 Credit Cards | Annual Fee* | Best Suited For |
|---|---|---|
| HDFC Millennia | Rs. 1,000 | Cashback |
| Standard Chartered Digismart | Rs. 49 per month | Online Shopping |
| BPCL SBI Card Octane | Rs. 1,499 | Fuel |
| HDFC Bank Diners Club Privilege | Rs. 2,500 | Travel and Lifestyle |
VISA ATM Cards
It is one of the most popular and widely used cards; hence, is accepted globally. VISA provides several types of ATM cards like Classic, Gold, Platinum, etc. in association with the banks. These cards come with an Overdraft facility and use the VISA payment gateway which is safe and secure.
Forex cards are considered one of the safest ways to carry money on your international travels.
How long is a forex card valid? ›What is the validity of the card? The Forex Card is valid for a period of 5 years.
Is Icici better than axis? ›
...
Axis Bank vs ICICI Bank.
| 56% | Promoters |
|---|---|
| 18% | Passive |
| 26% | Detractors |
...
Overall Rating.
| Overall Rating | 4.0 | 3.9 |
|---|---|---|
| Work/life balance | 3.5 | 3.5 |
| Compensation and benefits | 3.4 | 3.3 |
| Job security and advancement | 3.8 | 3.7 |
| Management | 3.6 | 3.6 |
HDFC Bank Multicurrency ForexPlus Card. HDFC ForexPlus Cards is among one of the best forex cards in India, it is easy, safe as well as a cashless way of carrying foreign currency on your trip abroad. You can use this card to make payments for shopping, lodging, dining, etc.
What is the safest forex? ›Winner: IG
Trust: Founded in 1974, IG is publicly traded (LON: IGG) and regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. All jurisdictions considered, IG ranks as the most trusted forex and CFDs broker in our 2022 Review.
Choose the option to “Reload/ Unload Forex Card” and place an order online. You must apply a properly completed and signed refund encashment form, as well as a copy of your passport. Upload both documents and the money will be refunded back to your account.
Do I really need forex card? ›When you use a credit/debit card to withdraw cash in an ATM abroad, your bank charges you for the foreign transaction—foreign country transaction fee, withdrawal fee and interest charges. However, with a forex card, you only pay a nominal cash withdrawal fee which is much less than that of a credit/debit card.
How much cash is allowed in flight? ›Bringing in Foreign Exchange
If, however, the value of foreign currency in cash exceeds US$ 5,000 and/or the cash plus TCs exceed US$ 10,000 it should be declared to the customs authorities at the airport in the currency declaration form (CDF), on arrival in India.
If you wish to trade the forex market, $100 will get you started and may even provide you with a new source of income from the comfort of your own home. Your first $100 forex account can work for you with a good trading strategy.
How much does Beginner earn in forex? ›In 2022, a successful novice can earn around $100 a day at Forex, provided that: his deposit is at least $200, he trades using the EUR/USD currency pair, with leverage of 1:100, and uses a successfully aggressive strategy. The larger your deposit is, the larger your profit will be.
Does forex card have extra charges? ›...
Hidden Charges Of A Forex Card.
| Cash Withdrawal Charge | US $2 |
|---|---|
| Cross Currency Markup Charge | 3 to 4% of the total transaction value |
| Balance Enquiry Charge | US $0.5 |
| Charge Slip Retrieval Fee | US $0.5 |
| Statement Request Charge | US $2 |
Can I get forex card in a day? ›
If you are not a Savings customer, follow the steps outlined in the Forex Card online application form and, after successful completion, you can get your card delivered at your doorstep in three days. If you choose to personalise your card, you may have to wait for a week.
Is forex card linked to bank account? ›According to Reserve Bank of India regulation, you cannot transfer the forex card balance directly into other accounts. An official procedure can be utilised to move the Forex card balance to a bank account, with no different process specified.
Can I withdraw all my money from forex? ›You can withdraw money from a forex account when you have accumulated your profits in that account. Your access to cash through trading in forex is also facilitated by linking your bank account to your trading account.
How do I stop losing forex? ›- Do Your Homework.
- Find a Reputable Broker.
- Use a Practice Account.
- Keep Charts Clean.
- Protect Your Trading Account.
- Start Small When Going Live.
- Use Reasonable Leverage.
- Keep Good Records.
Forex options trade over-the-counter (OTC), and traders can choose prices and expiration dates which suit their hedging or profit strategy needs. Unlike futures, where the trader must fulfill the terms of the contract, options traders do not have that obligation at expiration.
Can I swipe my forex card? ›Yes, Forex Card can be swiped directly for payments at merchant establishments that accept VISA/MasterCard.
What is the limit of SBI forex card? ›| LIMITS3 | USD (for Currency equivalent) |
|---|---|
| Maximum amount you can withdraw from ATMs in any 24 hoursa | US$10,000 |
| Maximum amount that you can spend at merchants in any 24 hoursa | US$10,000 |
| Maximum amount you can withdraw as cash over the counter at banks in 24 hours | US$500 |
| OTHER |
You don't have to be an HDFC Bank customer to apply for a ForexPlus card. You can apply for one by visiting one of our branches. If you are a customer, you can do so through your NetBanking account. The card will get activated within four hours of realisation of funds.
Is Niyo Global card lifetime free? ›Yes, Niyo Global by SBM offers a debit card free for life time and there are no annual charges on it.
Who is the owner of niyo? ›Vinay Bagri, Co-founder and CEO, Niyo believes that there is no funding winter for companies that are positive on unit economics and have a huge market to capture for growth.
Is NIYO and NiyoX same? ›
NiyoX integrates Niyo Money, its wealth management offering, on the same platform, and allows you to track your savings and investments on the same platform, which is a feature I haven't seen being offered on one platform, so far.
Is NIYO global forex card safe? ›Own your Niyo Global Card by SBM Bank India from the comfort of your home. The Niyo Global smart app makes your account opening process 100% paperless, quick, and hassle-free. *Your money is completely safe with SBM Bank India. You can withdraw or use this money at any time post you place your card order.
Can we trust neo bank? ›Yes. Neo banks, although do not have a banking license, the money in the customer's account with the neo bank is secure as it is parked with the partner traditional bank that is under strict banking regulations of RBI. Hence, it is safe to open an account and deposit money in neo banks.
Is NIYO money free? ›Zero Commissions, Unlimited Investments
Invest worry free with no account fees or any hidden charges. Invest Now!
There are no charges for upgrading the account from minimum KYC to full KYC. It's free of cost.
Which Indian card is best for international travel? ›| Credit Card | Annual Fee/Joining Fee | Foreign Currency Mark-up Fee |
|---|---|---|
| Axis Reserve Credit Card | Rs. 50,000 | 1.5% |
| Axis Burgundy Private | Rs. 50,000 | Nil |
| ICICI MMT Signature | Joining fee- Rs. 2.500 Annual fee- NIL | 3.5% |
| HDFC Regalia Credit Card | Rs. 2,500 | 2% |
- SBI International Debit Cards.
- HDFC EasyShop Platinum Debit Card.
- ICICI Bank Sapphiro International Debit Card.
- Axis Bank Burgundy Debit Card.
- YES World Debit Card.
- HSBC Premier Platinum Debit Card.
ICICI Bank has both fixed and indicative exchange rates. The pros of ICICI Bank's Money2India service include the ability to send money to India quickly and easily, as well as the fact that the service is available in a number of different currencies.
Which bank is best for forex card? ›- ICICI Bank Student Forex Prepaid Card.
- Axis Bank World Traveller Forex Card.
- State Bank Multi-Currency Foreign Travel Card.
- IndusInd Bank Multi-Currency Travel Card.
- ICICI Bank Sapphiro Forex Prepaid Card.
- Goibibo ICICI Bank Forex Prepaid Card.
- ICICI Bank Coral Prepaid Forex Card.
- The Chase Sapphire Preferred® Card is the best card for international travel overall due to its lack of foreign transaction fees, excellent earning rate and flexible rewards program. ...
- The Citi Premier® Card is a great international travel option because of its wide range of international airline partners.
Which bank has the lowest foreign transaction fee? ›
- Aspiration.
- Betterment.
- Charles Schwab.
- Capital One.
- Alliant Credit Union.
- First Republic Bank.
- Fidelity.
- USAA.
Visa and Mastercard are widely accepted worldwide. If an establishment takes credit cards, it's a good bet that your Visa or Mastercard will work. American Express and Discover have an international presence, too, but they are accepted by fewer merchants.
What is the highest USD to INR? ›Highest: 83.002 INR on 19 Oct 2022.
Which currency pair is most profitable in forex? ›The Euro/US dollar pair is regarded as the most profitable currency pair in forex for the following reasons; High Liquidity: The European economy is the second-largest globally, while the US is the largest.
Which forex currency is best for beginners? ›EUR/USD is not just the easiest, but also the most stable currency pair to trade. It is the best choice not only among beginners but also for professional traders. This is one of the most traded currency pairs due to tight spreads and liquidity.