Travelling abroad needs financial assistance as Indian Rupee will not be considered as a medium of exchange outside India. IndusInd Bank provides forex multi-currency travel card to cater to the financial needs faced while travelling abroad. Being a multi-currency forex card, it can help the user travel multiple countries without the worry of arranging foreign exchange every time.
Benefits and Features of IndusInd Forex Card
- The card is highly secured as it is embedded with a chip.
- It can be used to transact in 8 different currencies. USD, AUD, EURO, GBP, CAD, SGD, SAR and UAE Dirham are the 8 currencies which can be loaded in IndusInd Bank Multi-Currency Forex Card.
- In addition to making payments at international stores, you can also use the Forex Card for online transactions.
- Through the card, you can also withdraw cash from the ATMs which are Visa approved. This gives you access to money easily at all times.
- The exchange rate on the card remains the same throughout the time. The holder will not have to worry about the changes in the exchange rate. The prevailing rate at the time of card loading will be considered throughout.
- Every transaction is updated to the cardholder via SMS or email alert.
- The leftover balance can be encashed back in India.
- If the card is lost then the replacement process is very easy.
- The cardholder can apply for the card anywhere throughout India from any of the branches.
- The Forex Card can be reloaded multiple times.
- One can track all the expenses through the website of the bank.
- All intimation is given through SMS to the cardholder.
- There are dedicated toll-free numbers to listen to all the problems of the cardholder and resolve them.
- The bank has an online portal through which the cardholder can register for the card and can assess all the past history of the card.
Eligibility for IndusInd Bank Forex Card
- The applicant needs to be a citizen of India who has plans to travel abroad.
- Business houses and corporates can also apply for this card if they are planning to send their employees out of India for business purposes. The employees need to fill the KYC form.
- Students who are planning to study abroad can also apply for this card. The card will be in the name of the student and also will have an upper ceiling on the loading amount.
- The card comes with different charges depending on the type of currency of exchange chosen by the applicant.
Documents Required for IndusInd Bank Forex Card
Following documents will be needed at the time of applying for this Forex Card-
- Photocopy of the Passport
- Photocopy of the PAN Card
- Duly filled and signed application form
- Address proof
- Documents related to the travelling plans
So, if you are travelling abroad, get the IndusInd Bank’s Forex card for all your money related transactions and you wouldn’t have to worry about carrying huge amounts of foreign currency.