e-commerce transactions on online websites or e-commerce. If one uses a credit card abroad, there will be conversion charges, and if used at an ATM, an additional fee is levied. "These are the safest option (compared to cash) since they are enabled with PIN protection, can be swiped for all sorts of transactions and are attractive in terms of pricing says Anand Tandon, CEO Founder,. A complimentary free international SIM with a talk time.200. For instance, don't get swipe-happy with your credit card, along with processing fee you will be charged a conversion fee. "As per RBI laws, the balance amount held in the forex card should not exceed equivalent of 2,000 dollars says Bhaktha. Country Forex Cards Customer Care Number Czech Republic Saudi Arabia Singapore Australia, Belgium, Canada, Denmark, France, United Kingdom, Germany, Hong Kong, Netherlands, Italy, Japan, South Korea, Malaysia, Norway, New Zealand, Austria, Portugal, South Africa, Spain, Sweden, Switzerland, Thailand Know More About Forex Card Display. "Cloning of cards is the biggest threat and at times the card can be compromised in terms of usage.". Once the bank receives funds, the card gets activated within 5 to 6 hours and can be used at any international location to withdraw cash from all visa/MasterCard ATMs and to make payments at POS terminals. At the ATMs: When you are prompted at ATMs or merchant outlets you should select the credit card option as there won't be a separate option for forex card. The online currency management feature allows the cardholder to transfer balance from one currency wallet to another using the prepaid net banking facility.
Multi-Currency Forex Card Rates and Charges: Click here to get more information.
Pay in 16 Currencies.
The card can also be used to transact or withdraw cash in any currency other than the loaded ones but attract the respective exchange rate. Activation : Get to know from the issuer how to activate the card, and more importantly how to re-generate the card PIN in case you forget it abroad. By offering competitive market rates, the card provides a cost-effective way to carry forex. The charges are subject to change at Banks discretion and as per fema guidelines. Inactivity Fees: Inactive period on the card is defined as absence of any debit or credit on the forex card for a consecutive period of more than 6 months. Confirm from the issuer if it comes with coverage for protection against misuse of lost card or due to counterfeiting, personal accident insurance and loss of checked baggage cover provided on the card.
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