Axis Bank Forex Card

The currency rates are less favorable than those offered by other international travel forex cards. You can load different currencies and exchange them anytime as forex cards are really flexible. Axis Bank Multi-currency forex card is among the best forex cards for students and one of the best forex cards India that allows you to hold 16 different foreign currencies in a single card. Also known as a prepaid card, prepaid travel money card, or Travel credit card, A Forex card is a ‘ready to use card’ instead of a regional currency.

ATM/ POS Pin is provided in the travel card kit and can be regenerated in case lost online through a customer care number. A forex card is a foreign exchange prepaid credit card which can be loaded with the currency of the country you are visiting. The Axis Bank forex cards are a popular choice in the market as they are used to load numerous currencies and are widely accepted. Whether you are traveling abroad for a holiday, official purpose or an emergency, this card will make your trip easier. Axis bank offers a variety of forex cards to cater to the needs of different types of travellers.

Very competitive rates & seamless process for booking my Forex Card as everything is online. The customer support staff was incredibly helpful & efficient and the card was delivered on the same day.Highly Recommended to everyone who is looking for forex! When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis.

The card comes with an initial issuance fee of Rs. 499 , while no annual fee is applicable on the card. The most important factor to consider when getting a forex card is its security features. Magnetic-stripe cards are vulnerable to card skimming, axes broker which allows hackers to clone and abuse them. The chip’s encryptions prevent attackers from using data-reading devices and technology to obtain your card information. The process to get a forex card in India is very easy and convenient.

Compare India’s most rewarding credit cards under one roof and pick the one that works for you the best. Forex Cards do not have any credit limit but these are prepaid cards and you need to load them on your own. After signing up and activating your forex card, you can use it to make purchases and payments.

So this time I decided to use Book my forex services and it was flawless. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements. Axis Bank Presents FxConnect , an easy to access and user friendly mobile based forex dealing platform for corporate customers. Customers can now view online streaming rates and book forex deals with Axis bank from the comfort of their Mobile. In the next step, you will be required to enter the amount that you want to transfer from your forex card to your bank account. Card widely accepted at all retail outlets and online stores accepting Visa/MasterCard credit/debit cards.

List of Top Forex Cards in India

Forex cards are one of the best options for spending your money wisely when you travel abroad. These cards are safe and serve as a less expensive replacement for your cash. It will also help you with reasonable exchange rates if you use a forex card with foreign currencies loaded in it. Even if the forex market rates keep increasing or decreasing, the rate of the funds you have loaded in your forex card remains the same.

Therefore, it is almost always a good idea to carry a forex card on foreign trips and use the same for foreign currency transactions. State Bank Multi-Currency Foreign Travel Card is a prepaid forex card by the State Bank of India. There is no annual membership fee applicable on the card, however, an initial issuance fee of Rs. 100 is chargeable at the time of issuance. The issuance fee of the SBI Multi-Currency Foreign Travel Card is the least amongst all the forex cards presently offered in India. A forex card is one of the most convenient and safe ways to carry cash and exchange money for your travels abroad.

What is indicators in forex?

The account is held at Axis bank and you receive a Visa/Mastercard that is both chip and swipe enabled to use globally. Each currency is considered its own wallet which you can load and use. It is considered one of the most beneficial foreign exchange cards of India, being cost-efficient and secure.

Multi-Currency Forex cards bought through BookMyForex will be charged minimal fees while doing withdrawals at an ATM. Using your credit/ debit cards abroad could cost you another 3% for ATM withdrawal charges on top of the 3.5% that you anyway have to pay in cross currency charges. Effectively you could save as much as 6.5% – 7% when using your Multicurrency forex cards at ATMs.

Since it is a prepaid card , you need not submit any proof of income to the bank for the Axis Bank Multi-Currency Forex Card. Although no annual fee is applicable on the card, you however do have to pay an initial fee of Rs. 300 at the time of issuance of the card. No interest is charged on forex cards as the cardholders don’t own anyone else’s money but load their cards by themselves. Coral Prepaid Forex Card is another prepaid forex card by ICICI Bank. The card comes with an initial joining fee of Rs. 499 , however, an annual fee of Rs. 299 is applicable second year onwards. Goibibo ICICI Forex Prepaid Card, as is obvious from the name, is a co-branded forex card by ICICI Bank launched in collaboration with the travel portal Goibibo.

BookMyForex Travel Card

03 Keep track of forex rates With Forex Axis, you can view currency pair trends over time in clean and easy to read graphs. 04 Convert currency Convert one currency to another using the latest live exchange rates. The foreign currency loaded on the card will be at the present day’s exchange rate.

So when you get a rate weaker than the mid-market exchange rate from a card company, you are getting hit with a hidden fee in the difference. The difference may seem small but it can actually make a dent in your wallet when you convert currencies frequently. 02 All your contacts in one place https://forexarena.net/ lists rates from over 100 banks and forex bureaus so you can compare their information, calculate their location from you and contact them directly in-app.

The edge for 60,000+ traders in 100+ countries

With locked-in exchange rate feature, the cash in the card remains unaffected from fluctuating currency rates. The best Forex cards offer better rates for currency exchange than a traveler’s check or cash. Yes, you can use this card to withdraw cash from any VISA/Mastercard ATM in a foreign country. You can insert the card and select ‘current account’ on the screen and follow the instructions. Enter the PIN and select the amount you wish to withdraw in the local currency. In case of loss/theft of your card, the tripassist feature enables you to block your card, receive emergency cash to pay your bills or get assistance on your lost passport.

• 2 complimentary international lounge access at airports worldwide with Dragon Pass membership.
• One of the significant advantages of this card is that it helps you pay when you travel abroad and saves you from the inconvenience of currency exchange.
• Although the card doesn’t have a reward system , you still get a lot of extra advantages like cinema tickets, insurance covers, taxi vouchers, etc.

Forex cards in India come with special discounts, no ATM access fee, no cross-currency charges, and low transaction charges. A forex card comes with a lot of benefits, especially when you are traveling abroad. Just report your lost card and get a replacement card, emergency cash assistance and more with TripAssist. In the next step, you will be required to enter the details of the beneficiary to whom you want to transfer the money. These details include the name of the beneficiary, the account number, and the IFSC code of the bank where the account is held.

Comprehensive insurance coverage includes insurance payouts for check-in luggage delays, card loss, and aviation accident coverage. Complimentary cards protection worth Rs. 1,600 from OneAssist wallet assistance. ICICI Bank Student Forex Prepaid Card is made exclusively for students who want to study in foreign countries. One great feature is that you can reload it at any Forex branch of ICICI, their online platform , or through their iMobile app. Customers save 2% to 4% when there is no foreign exchange markup on their purchases. It offers you 2 free ATM withdrawals per currency every month.

You can retain your balance to use later, or just convert it to another currency and use it for your next trip abroad. Not to forget, you can also use it shop at all Duty Free Stores in International airports across India.

HDFC Bank Multicurrency ForexPlus Card

Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, hassle-free, dedicated resolutions and prompt process. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time.