5 Best Forex Cards in India for Students and Tourists in 2024

A forex card, also known as a travel card or prepaid card, is a type of card that allows you to carry foreign currency while traveling abroad. It is a convenient and secure way to carry money when traveling internationally.

The card is pre-loaded with a certain amount of foreign currency, and you can use it to make purchases or withdraw cash at ATMs in the country you are visiting. The card can be used just like a debit or credit card, and the transactions are converted to the local currency at the prevailing exchange rate.

Forex cards also offer features such as chip-and-PIN technology, emergency assistance, and the ability to check your balance and transaction history online. They are widely accepted at merchants and ATMs worldwide, and some forex cards also offer the ability to load multiple currencies on the same card.

It’s always recommended to compare the fees and benefits of different cards and choose one that best suits your needs.

HDFC Multicurrency Forex Card

The HDFC Multicurrency Forex Card is a type of forex card offered by HDFC Bank. It allows you to carry multiple foreign currencies on the same card, eliminating the need to carry multiple cards for different countries. This can be convenient and cost-effective, particularly if you are traveling to multiple countries.

Features of the HDFC Multicurrency Forex Card include:

This 3-Steps Process Will Make You Financially Free!

  • The ability to load up to 20 different currencies on the same card, including US dollars, euros, British pounds, and more.
  • Zero cross-currency charges, which means you will not be charged any additional fees when using the card in a different currency than the one it was loaded with.
  • Chip-and-PIN technology for added security.
  • 24/7 global assistance, including emergency cash delivery and card replacement.
  • The ability to check your balance and transaction history online through the NetBanking portal.
  • Flexibility to use at merchant outlets and also can withdraw cash from any Visa/Mastercard ATMs across the world.
  • Reloadable feature, you can reload the card with more funds as and when required

Axis Bank Multicurrency Forex Card

The Axis Bank Multi-Currency Forex Card is a type of forex card offered by Axis Bank. It allows you to carry multiple foreign currencies on the same card, eliminating the need to carry multiple cards for different countries. This can be convenient and cost-effective, particularly if you are traveling to multiple countries.

Features of the Axis Bank Multi-Currency Forex Card include:

Angel One Refer and Earn Program
  • The ability to load up to 16 different currencies on the same card, including US dollars, euros, British pounds, and more.
  • Chip-and-PIN technology for added security.
  • 24-hour customer service available for assistance.
  • The ability to check your balance and transaction history online through the internet banking portal.
  • Reloadable feature, you can reload the card with more funds as and when required.
  • Flexibility to use at merchant outlets and also can withdraw cash from any Visa/Mastercard ATMs across the world.

ICICI Bank Student Forex Card

The ICICI Bank Student Forex Card is a type of forex card specifically designed for students traveling abroad for higher education or internships. It’s offered by ICICI Bank, one of the largest private sector banks in India.

Features of the ICICI Bank Student Forex Card include:

  • The ability to load multiple currencies on the same card.
  • Chip-and-PIN technology for added security.
  • 24/7 customer service available for assistance.
  • The ability to check your balance and transaction history online through the internet banking portal.
  • Reloadable feature, you can reload the card with more funds as and when required.
  • Flexibility to use at merchant outlets and also can withdraw cash from any Visa/Mastercard ATMs across the world.
  • Special benefits and discounts for students.
  • Lower issuance and reload fees as compared to other forex cards.

IndusInd Bank Multi Currency Forex Card

The IndusInd Bank Multi Currency Forex Card is a type of forex card offered by IndusInd Bank. It allows you to carry multiple foreign currencies on the same card, eliminating the need to carry multiple cards for different countries. This can be convenient and cost-effective, particularly if you are traveling to multiple countries.

Features of the IndusInd Bank Multi Currency Forex Card include:

  • The ability to load up to 10 different currencies on the same card, including US dollars, euros, British pounds, and more.
  • Zero cross-currency charges, which means you will not be charged any additional fees when using the card in a different currency than the one it was loaded with.
  • Chip-and-PIN technology for added security.
  • 24/7 customer service available for assistance.
  • The ability to check your balance and transaction history online through the internet banking portal.
  • Reloadable feature, you can reload the card with more funds as and when required.
  • Flexibility to use at merchant outlets and also can withdraw cash from any Visa/Mastercard ATMs across the world.

State Bank Foreign Travel Card

The State Bank Foreign Travel Card is a type of forex card offered by the State Bank of India (SBI). It allows you to carry multiple foreign currencies on the same card, eliminating the need to carry multiple cards for different countries. This can be convenient and cost-effective, particularly if you are traveling to multiple countries.

Features of the SBI Foreign Travel Card include:

  • The ability to load up to 16 different currencies on the same card, including US dollars, euros, British pounds, and more.
  • Chip-and-PIN technology for added security.
  • 24/7 customer service available for assistance.
  • The ability to check your balance and transaction history online through the internet banking portal.
  • Reloadable feature, you can reload the card with more funds as and when required.
  • Flexibility to use at merchant outlets and also can withdraw cash from any Visa/Mastercard ATMs across the world.
  • Block/Unblock the card in case of loss or theft.
  • Accepted at all Visa/Mastercard merchant outlets and ATMs worldwide.

It’s important to note that the SBI Foreign Travel Card comes with a fee structure that includes issuance fee, reload fee and withdrawal fee. It’s always recommended to check the fees and benefits of the card before making a decision and also check for the current exchange rate and service charges.

Start Investing and Trading with India's Largest Stock Broker πŸ‘‡ Open Zerodha Account

Disclosure: The information provided on this page is for educational purposes only. thefinancialtalks.com and it's associates do not offer any advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Please read this disclosure for more info.

You might also like

About the Author: Editorial Staff

At TheFinancialTalks.com, our Editorial Staff consists a team of highly experienced experts who specialize in a wide range of topics. We offer valuable insights and advice on a wide range of topics, including the Stock Market, Mutual Funds, Stock Brokers, Personal Finance, Credit Cards, as well as strategies for earning and saving money.

Leave a Reply

Your email address will not be published. Required fields are marked *

Open Zerodha Account