How Many Days Will It Take To Get Forex Card?

Can I get forex card same day?

You can apply in just three easy steps.

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..

How can I get forex card fast?

To apply for a Forex card, you need to submit an Application-cum-Declaration form along with a copy of your passport, tickets and visa. You have to remit an amount in Indian Rupees (equivalent to the amount you want in foreign currency) to the bank. Once the transaction is done, your card is activated.

Is it better to carry cash or forex card?

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 is comparatively a riskier option and needs careful handling.

What is the limit of forex card?

$2.5 lakh per annum”The maximum amount which can be loaded is equivalent of $2.5 lakh per annum per individual for the purposes covered by the Liberalised Remittance Scheme (LRS) notified by RBI,” informs Bhaktha. If you are planning on going on a holiday abroad this summer, here is what you should know about prepaid forex cards.

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 NiYo card safe?

Being loaded in Indian currency, the NiYo travel card can be used both in India and foreign locations. … “As long as a customer is not breaching the limit of $250,000 for forex transactions, the NiYo card is good for a customer. If there are compliance issues, it would be for the bank and not the customer.

Which bank is best for 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.More items…

How long does it take to load HDFC forex card?

one working dayThe card reload request will be processed in one working day. Alternately, you can get the card reloaded instantly through Prepaid NetBanking, if you have HDFC Bank DC/CC. Maximum value of Forex that can be loaded on the card will be in line with the limits specified under LRS basis purpose of travel.

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 …

Is forex card a debit card or credit card?

A forex card is your best friend on your travels abroad. … 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.

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 TicketMandatory1 more row

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.