11 Best Forex Cards in India 2022 1.Axis Bank World Traveller Forex Card This card is offered by Axis Bank in association with Miles and More; this is one of the best forex cards that aim at Indian travelers who undertake frequent international trips.
Which bank in India offers the best forex rates?
· Axis Bank Multi-currency forex card is among the best forex cards for students and one of the best forex cards in India that allows you to hold 16 different foreign currencies in a single card. The 16 currencies are as follows: US Dollar British Pound Swedish Kronor Euro UAE Dirham Pound Sterling Singapore Dollar Danish Krone Australian Dollar
Which is the Best Forex card for students in India?
The following are the top five banks in India which offer Forex Cards-ICICI Bank; HDFC Bank; Axis Bank; SBI Bank; IndusInd Bank; There is not much difference in rates etc. It is better to buy travel card of a bank in which one has his own bank account. I personally prefer ICICI Forex Card known as ‘ ICICI Bank Travel Card’.
Which forex exchange is the best value for money?
And by paying INR 100 as the reload fee, you can reload your card with the desired amount. MakeMyTrip HDFC Bank ForexPlus Card What makes this HDFC Bank travel card one of the best forex cards in India is features like chip & PIN enabled transactions, backup card availability, and the option of temporarily blocking the card, and many others.
What is the best exchange rate for USD in India?
· The legacy bank State Bank of India, or SBI, has a multi-currency card that offers the fewest currencies around. With just 7 currencies, you can only use this card if you head to the major Western markets. The exchange rate is set by the company, and you can also expect fees for a shortfall, for inactivity, and ATMs withdrawals.
Which is the cheapest forex card in India?
Yes bank multi-currency travel forex card is a good option for those people who plan to visit multiple destinations abroad and don’t want to spend more money on card issuance fee. This forex card charges Rs. 125 for issuance which is the lowest among all the forex cards in India.
Which forex card is better Axis or HDFC?
For instance, HDFC Bank Multicurrency Platinum Forex-Plus Chip card charges an issuance fee of Rs 500 per card, while Axis bank charges Rs 150. On the other hand, the card reload fee for an Axis Bank card is Rs 100 and cross-currency charge is 3.5%. HDFC has lower reload fee and cross-currency charges of Rs 75 and 3%.
Is SBI forex card good?
SBI, one of the most trusted banks in the country, has two forex cards to offer to its customers. These cards have been designed to help the cardholders travel without having to worry about finances….Fees and Charges on SBI Foreign Travel Card.Type of ChargeAmountATM balance enquiry feeDepends on the currency12 more rows
Is HDFC forex card good?
HDFC Bank ForexPlus cards offer a safe and easy way to carry foreign currency on your travel abroad – ensuring that you are not inconvenienced on foreign shores. They are safer than cash, easier to use than traveller’s cheques, and cheaper to use than credit or debit cards.
Does SBI have a forex card?
State Bank Foreign Travel Card,is a prepaid Foreign Currency card that makes your foreign trip trouble-free and convenient. It is a Chip based EMV compliant Card which stores encrypted and confidential information.
Which bank is best for foreign exchange?
Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.
Which one is better axis or SBI?
This makes Axis Bank a better option for instant loan requirements. Axis Bank has an average customer rating of 4.5. In contrast, SBI has an average customer rating of 3.6, based on which it is clear that Axis Bank has a high customer service focus, an easy process and a quick turnaround.
How Good is axis forex card?
Features And Benefits Of Axis Bank Travel Card The card can be used at more than 5 million retail stores and ATMs that accept VISA cards across India without any transaction fee. The forex cash remains unaffected from fluctuating exchange rates. Users don’t have to pay cross-currency charges.
Which is better forex card or cash?
Safety and convenience While cash is definitely the least safe option, Forex cards are the safest one. Forex cards are not linked to your bank account, unlike Debit cards. You can also choose an expense limit for Forex card but can’t do the same for Debit card.
Can HDFC forex card be used in India?
Can I use my Forex Card in India? No, you cannot use it in India, Nepal or Bhutan. The Forex Card is intended only to be used during your travels abroad. To apply for the HDFC Bank ForexPlus Card, you can click here.
Is Regalia forex card good?
If at all you’re going for this Regalia Forex Plus card, its worth it if and only if you do so by availing the 5%/5X offer mentioned above. Else, you loose a net ~2%+GST and additional withdrawal charges. Consider Indusind Exclusive Platinum DEBIT card or Indusind Exclusive Signature DEBIT card for any withdrawals.
Can I withdraw cash from HDFC forex card?
Please note that post booking of this loan, you would be unable to withdraw cash using your HDFC Bank Credit Card….Sr No1CurrencyUS Dollar (USD)ATM Cash Withdrawal FeeUSD 2.00Balance Enquiry FeeUSD 0.50Daily Limit for ATM Cash WithdrawalUSD 500021 more columns
YES Bank Multi-Currency Travel Card
This YES bank Multi-Currency travel card comes under the list of best forex cards in India because of its security and cost-effectiveness. You can manage this card from anywhere at any time with the help of a prepaid card customer care portal online. You can check your card summary, last 10 transactions and many more.
Axis Bank Multi-Currency Forex Card
Forget about loading different currency into your card each time you travel to a new destination, as this card lets you enjoy a hassle-free travel experience. This card gives you protection against any currency fluctuations. This card also lets you encash the balance transfer on your card on returning from the trip.
MakeMyTrip HDFC Bank ForexPlus Card
What makes this HDFC Bank travel card one of the best forex cards in India is features like chip & PIN enabled transactions, backup card availability, and the option of temporarily blocking the card, and many others.
ICICI Bank Travel Card
Being one of the largest private sector banks of India, ICICI bank also offers forex card to customers. In case of any theft or misplacement, you can get a brand new replacement card which can be activated instantly.
HDFC Regalia ForexPlus Card
This card lets you enjoy a hassle-free travel experience without worrying about any cross-country charges. Although this card is solely made for the US dollar, it gives you a host of amazing features.
What are the few things that one should consider before taking a forex card?
There are a few things that you must check and keep in mind before zeroing on the right one. You might want to have a look at them.
HDFC Multi-Currency Forex Plus Card
The HDFC Multi-Currency Forex Plus Card can be a good choice from this popular bank. It holds 22 different currencies, but is missing a number of currencies from Africa or South America.
Axis Multi-Currency Forex Card
The Axis Multi-Currency Forex Card is a pre-loaded Visa/ Mastercard from Axis Bank.
Wise Multi-Currency Card
The only company in the bunch that offers the real exchange rate on every transfer, is offered in select countries, while only bank account transfers are available to Indian residents.
State Bank of India Multi-Currency Card
From a stalwart of India’s banking system, but you can find this card limiting, chock full of fees, and easier to use only if you are an existing SBI client.
ICICI Multi-Currency Travel Card
The ICICI Multi-Currency Travel Card can work smoothly if you download their app and are an existing ICICI banking customer. The card lets you switch currencies within your account, and you have the Self-Care Portal to make transactions easier.
Niyo DCB Global Card
The modern multi-currency card gives you access to the entire Visa network and currencies -including India, but the fees can add up.
What to consider when choosing a forex card
With so many forex card options, how do you go about deciding which one to get? Here are the key parameters to look at when you are assessing ways to spend and send globally.
Niyo Global card
Niyo and DCB Bank have teamed up to give you a flexible and tech-enabled card that can be used in 90+ currencies, but it comes with fees and the Visa exchange rate.
Axis Bank forex card
Axis Bank has a few different options of forex cards for how you travel, but there are also different fees depending on the country you are in.
HDFC forex cards
One of the few banks with a student centered card, HDFC offers 5 different options in total for forex cards but some are currency specific.
ICICI forex cards
ICICI Bank offers 5 forex cards to choose from depending on the purpose of your travel and the level of luxury you are looking for.
What to consider when choosing a forex card for students
With so many options, how do you know the right one to choose? Take a look below to see what are some important factors to consider.
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