Travel firms and money exchangers like BookMyForex, Unimoni and Thomas Cook also offer forex cards, issued by banks these have tied up with. Earlier, forex cards were mostly single currency cards. In other words, you could just load your card with a single foreign currency.

These days, most banks issue multi-currency cards. You could load many currencies onto your card. HDFC Bank loads up to 23 different currencies on its forex card. Fill up a form, give a copy of your travel visa and a cheque of the amount from your bank account for which you need forex against.

These cards are valid for years and are reloadable. You can use it for your multiple trips in future. There are no forex conversion charges that you pay. This is because your currency is already converted before you leave India and loaded on to your card. So every time you spend abroad, you are spending foreign currency, not Indian rupees converted to foreign currency.

But I have my international credit and debit card. Must I really take a forex card? Pune-based Garg, 26, who works in the administration division of a private company went to Singapore with two of his friends in May He carried some cash Singapore dollars and his own international credit card. So, he happily swiped his credit card at several places in Singapore and came back after his trip was over. To his surprise, apart from the usual bills he had ran up, his credit card issuer charged Rs 15, approx.

When you swipe your credit and debit cards abroad, it charges you a foreign currency conversion fee up to Since, it will be easily accessible.

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First, you need to inform the issuing bank immediately through phone or email and ensure that your card is blocked. File police first information report FIR at the nearest police station abroad, scan and email the proof to your bank back in India. Then, bank-transfer the balance of your primary card from your primary lost card to the duplicate card.

Some banks prefer to courier you the new forex card if your main card gets lost or stolen.

Which is the Best Forex Card in India?

Ensure that the billing is done in EUR and charged on your card. Secondly you must have enough EUR in the card to pay off the bill else your USD wallet will get automatically charged and cross currency charges will get applied. Keep and use your forex card safely :- International frauds in cards through skimming is well known.

User should make sure that the card is swiped and charged in front of him. At the outset, decide on the total quantity of forex that is required and how much to take in cash and balance in card.

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Check whether the destination currency is available on the card or not. Check the rates online and the offers available on cards. We can provide the best rates and offers on forex cards due to our arrangements with multiple banks. Best option is to apply online for forex card, which can be delivered or picked from any of our branch locations available in more than 20 cities in India.

Forex Cards usually have a validity of 5 years. Depending on need, you can load different currencies on same card. Reloading of travel card or addition of new currencies can be done before leaving the country or even when you are travelling. Scan copy of the relevant Reload form need to be sent which is downloadable from the order confirmation mail or final Successful Transaction page. Forex cards are very convenient and economical way to carry foreign exchange while travelling abroad. But before buying the same one must check if the destination currency is available on card or not.

If destination currency is not available on card it may turn out to be expensive. Secondly the most important part is to carry good amount of destination foreign currency in cash form to avoid exchange loss at airports. Use the forex card maximum and preserve the cash as it fetches better encashment rates as compared to leftover balance in cards.

Zenith Leisure Holidays Ltd. The Foreign Exchange division which was launched in was upgraded to Authorized Dealer Cat II in span of three years based on quality Business mix and appreciable Compliance standards in conduct of Foreign Exchange business. Licence-Authorised Dealer- FE. Travel Products. Student Lounge. Travel card. Best Forex Cards In India. How much foreign currency to carry and how to carry it. Different types of Forex Card. Benefits of Forex Card. Navneet Dubey. Font Size Abc Small. Abc Medium. Abc Large. Getty Images When you buy a forex card, you are being charged an issuance fee.

International Travel Card | Federal Bank Forex Card | India

A big decision to make while travelling abroad is how to carry the currency you will be using there. And, in what mix? A lot of people assume that along with cash, a credit card is something they should carry when travelling abroad. However, using a domestic credit card can abroad be a costly affair.

This is where a forex card can come in handy - it is a more convenient and inexpensive alternative to the credit card. In case of forex cards these fees can be 0 in some cases," he said.

Travel card

What is forex card? A forex or prepaid travel card is a pre-loaded card that allows you to access money in a foreign currency. The card can be loaded with one or multiple currencies; some let you load up to 15 currencies. It allows you to withdraw cash in foreign currency, check your balance and pay for shopping in foreign currency.

You can also top up the card depending on your requirement. The rate will vary for each transaction.

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