As the conversion happens on the day of loading, prepaid forex cards provides a hedge against currency fluctuations. There is absolutely no charges when travel cards are swiped at POS terminal abroad. ATM withdrawal charges applies in both credit card or forex card.

Safe:- In the event of loss or theft of card, it can be blocked by calling the toll free number available in the card-kit. All forex cards now use the chip and pin technology.

The manual available in the card kit should be thoroughly read before using the card. Forex as such is closely regulated in India and Bank needs to adhere to all the suggestion and guidance given by RBI while offering their services related to foreign exchange. As such forex cards are also regulated by the same FEMA guidelines and the issuer of cards need to follow the regulations while keeping the interest and safety of travellers. Fees and Charges :- A through perusing of the user manuals accessible will give clear thought on expenses and accuses related of the card.

The web pin is made available in the card kit. Swipe in the same currency as loaded :- Always pay in the same currency that is available in your card at all merchant POS to avoid any cross currency charges. If the card has filled in with multiple currencies, ensure that you have sufficient balance for the currency that is being charged.

SBI vs HDFC Bank vs Axis Bank forex card benefits for you - Explained in brief

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.

• Frequently Asked Questions About Reloading Borderless Cards?
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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.

Periodical allowances like TA, Conveyance, Bonus and reimbursement of miscellaneous expenses which are regular in nature, can also be credited into these Cards. Variant of eZ Pay Card being issued as co-branded card with railways for their imprest needs. Point of Sales and e-comm Transactions- Maximum up to the balance available in the card. Please contact your branch to get your PAN no. Dear Card holder, Please go through this advisory to use your Prepaid Card in a secured manner. Currency of Issue INR. Maximum Amount of Load Rs. Validity of the Card 10 years.

Re-load Re-loadable; however the balance in the Card should not exceed Rs. Fees and Charges. Validity of the Card 10 Years.

Forex Card: What is Forex Card? Know How Forex Card works, Types & Uses | The Economic Times

Re-load Maximum load at any point of time cannot exceed Rs. Daily Transaction Limit Maximum up to the balance in the card. Re-load Non reloadable Card. Eligibility Criteria Any State Bank customer. Validity of the Card The card expires when balance is exhausted or at the end of 3 year whichever occurs first, expiry date is written on the card.

Also, when it comes to the safety of your cards abroad, you must adhere to the guidelines and safety precautions issued by the banks from time to time. The guidelines include not disclosing you secret card details to others and not letting others take your card off your eyes. Yes, this is extremely important because when you are travelling, getting complaints solved takes that much longer. Experts advise people to use their Credit Card in an emergency situation only as it increases their liability. Therefore, if you are travelling abroad, you should prefer using Forex card issued by banks.

What makes forex card the best choice is that it is like a prepaid travel card that you can load with a foreign currency of your choice. Also, you can use a forex card just like a credit or debit card to pay in a local currency abroad.