Axis Bank bullish on pre-paid forex cards, controls 45% of market
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Axis Bank Multi-Currency Forex card is a great card for all people who are planning a holiday abroad. You can load 16 different currencies in the card. The card comes with insurance cover, global assistance with TripAssist, special offers, and much more.
You can simply walk into any Axis Bank branch and sign up for the card. The forex card is valid axis bank forex card 5 years. This means that you can reload the card multiple times every time you go for a holiday abroad. You can load up to 16 currencies on this card and travel globally without any hassle. The best part is that with just one ATM pin you can access your account online or withdraw funds from multiple currencies.
One of the biggest advantages of a forex card is that the exchange rates are locked in advance. Whenever you take that Euro trip make axis bank forex card to use your Axis Bank Multi-Currency Forex card and get discounts at all participating restaurants.
For any type of ATM assault or robbery, you get an insurance cover up to Rs. The Axis Bank Multi-Currency Forex card is accepted at over 30 million Visa merchant outlets and over e-commerce websites.
Simply register your email id and your international mobile number to get instant alerts for all payments and transactions that you make. With the card, you get customer support all across the globe. Prepaid Forex cards are a great way to carry money in multiple currencies when you go abroad for a holiday. In this day and age, cards have become commonplace and are used for shopping, at restaurants, and for almost all types of purchases.
However, it is advisable to carry some axis bank forex card of cash with you whenever you go abroad for a holiday. You never know when the cash may come in handy. Here are some of the advantages and reasons as to why you should use this card: The card offers a very safe and secure means of carrying sixteen foreign currencies. The card is enabled with chip and pin technology so that only you can use it.
If you lose your card or it gets stolen, you can immediately report it and get the card blocked. The exchange rate for the foreign currencies is pre-locked which keeps you safe from the exchange rate fluctuations. If you had cash with you INR and wanted to convert it to another currency, the exchange rates would be generally much high. The Axis Bank Multi-Currency Forex card is a contactless card which means that you just have to wave the card at a secure reader and your payments will be made.
No need for cash, or even entering your pin, or handing over your card to the merchant. You can easily reload the card by contacting the Axis Bank branch from where you purchased the card. You can also reload the card via Axis Mobile.
All you have to do is leave a signed copy of the reload form and authorization with your family. Your family member will have to approach the Axis Bank branch with the reload form.
The axis bank forex card would be reloaded on submission of the documents and receipt of the payment. You can use the card worldwide except India, Nepal, and Bhutan.
All transactions overseas axis bank forex card be made in accordance with the guidelines set forth by the Exchange Control Regulation of Reserve Bank of India.
This is subject to one or many visits in any country except Nepal and Bhutancategorised as under:. Follow these steps for an amazing shopping experience:.
However, your card will continue to function as a Pre-paid Debit Card. Every time you visit an ATM to withdraw cash, you will see three options on the screen for the account type from which you axis bank forex card do the transaction: Always axis bank forex card the Checking option. If the Checking option is not available then you should choose the Credit option. There is a possibility that the overseas bank may have a usage limit on the card.
If this is the case, then the limit set by the overseas axis bank forex card takes precedence. If you select this option, the transaction will be blocked as the Axis bank forex card Bank Multi-Currency Forex card does not support the Dynamic Currency Conversion.
Since your card is loaded with a specific currency, axis bank forex card is meant to be used in that currency. If you select the option to transact in the home currency, the card may attract some charges. Axis Bank will not be responsible for any charges that are levied due to the wrong usage of the card. Every time you withdraw cash from an ATM, you will be charged a fee.
The transaction fee for cash withdrawals will be deducted from your Axis Bank Multi-Currency Forex card at the time of posting the axis bank forex card withdrawal.
Inactivity fee will be levied if the forex card is not used for a consecutive time axis bank forex card of 36 months. Please make sure you block your forex card after your trip is over. Please make sure you check the balance on your card at any Axis Bank ATM before leaving for your journey.
Once you are outside India, you will be charged a balance inquiry fee every time you use an ATM abroad to check your balance. Any transaction of the currency loaded in your card will axis bank forex card that currency wallet. However, if sufficient balance is not available then funds from another wallet will be used based upon the authorization order set by the bank.
A cross-currency charge of 3. For such transaction, cross-currency charges will be levied as applicable. Any transaction that is greater than the funds available in any of your wallets will be declined. Cumulative funds of all wallets will not be considered for transactions. The extra 7 currencies is as follows:. With the Standard Chartered Multicurrency Forex card, you can load up to 20 currencies in one card and travel hassle free across the globe.
The extra currencies are as follows:. The issuance of the Standard Chartered Multicurrency card is Rs. The card lets you hold up to 16 currencies which is great. All the exchange rates are pre-locked when you purchase the card which means that exchange rate fluctuations axis bank forex card not affect you.
The best part is that you can access your funds anytime anywhere. Also, you have global assistance for any type of help you need regarding the card.
Himank is a highly motivated and dedicated person. Himank has a passion for Financial Markets. He wants to help everyone achieve Financial Freedom! View all posts by Himank Mishra. This forex card is of two types: You can pay by simply waving your card at a secured card reader. Axis Bank Multi-Currency Forex Card Benefits Single card for 16 currencies You can load up to 16 currencies on this card and travel globally without any axis bank forex card.
The sixteen currencies available are as follows: Encash your funds or keep the balance after returning from your trip Once you return from your trip you can choose to do the following: Axis bank forex card alerts Simply register your email id and your international mobile number to get instant alerts for all payments and transactions that you make.
You can call on any of the following numbers to get assistance anytime axis bank forex card. Safety and security The card offers a very safe and secure means of carrying sixteen foreign currencies. Pre-locked axis bank forex card rates The exchange rate for the foreign currencies is pre-locked which keeps you safe from the exchange rate fluctuations.
Simple and easy for making payments The Axis Bank Multi-Currency Forex card is a contactless card which means that you just have to wave the card at a secure reader and your payments will be made. Easy to reload the card You can easily reload the card by contacting the Axis Bank branch from where you purchased the card.
International usage You can use the card worldwide except India, Nepal, and Bhutan. This is subject to one or many visits in any country except Nepal and Bhutancategorised as under: Follow these steps for an amazing shopping experience: Swipe your card at an EDC terminal to make the purchase After authorization, funds equal to the transaction amount will be debited from your card account Maximum purchase limit set by Axis Bank is given in a table axis bank forex card A charge slip will be generated Please sign the charge slip to complete the transaction Important points to note: Other fees and charges Initial sale fee: The extra 7 currencies is as follows: Standard Chartered Multicurrency Forex Card More currencies with the Standard Chartered With the Standard Chartered Multicurrency Forex card, you can load up to 20 currencies in one card and travel hassle free across the globe.
The extra currencies are as follows: Himank Mishra Himank is a highly motivated and dedicated person. Axis bank forex card free shopping US store shopping and delivery to India Students get cashback and fees are waived.