Most forex cards levy a fee per atm withdrawal abroad there is also a limit to your daily withdrawal. However if you have to change the pin of your forex card you can do that only in an axis bank atm in india.
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For example if i fund my forex account with 500 on a credit card and make 500 profit i now have 1000 sitting in my forex account.
Forex card to indian bank account. The top five banks in india offering forex cards are icici bank hdfc bank axis bank sbi bank and indusind forex card. And if you want to reverse the money from your card to forex account then you can just walk in any branch and ask to reverse the money from your loaded card to your respective bank account. If you are not in india or not visiting india anytime soon the first option will be the best.
Once you transfer money from your forex card to your bank account you lose the protection against forex fluctuations. This is an anti money laundering precaution. Your card will work fine at any shop or restaurant or a hotel that accepts cards of visavisa plus or mastercard.
Even though you can check your forex card balance online but you cant transfer funds from your forex card to your bank account. The broker will force me to withdraw 500 as a credit t! o my credit card before allowing me to use another withdrawal ! method. But to do a refund you need to be in india and visit the axis bank branch.
Another option is initiating the request to refund the card balance to your axis bank account in inr and do a wire transfer from the axis bank to your bank account in canada. The next time you travel you will have to load foreign currency into the card at the prevailing rates. If you are a frequent traveller our advice is to keep the currency in the card to avoid repurchase.
All you have to do is register and get yourself verified and avail all forex facilities from the comfort of your own home or office without having to visit a bank branch. Axis forex online enables you to send money abroad outward remittance to a foreign bank account avail the facility of forex card and foreign currency cash to travel abroad completely online. State bank of india foreign travel card can be used for all of your travel online shopping and foreign currency exchange ! needs.
You can simply visit any hdfc bank branch and purchase the card. You can simply visit any hdfc bank branch and purchase the card. One more thing is that you dont need a bank account with hdfc bank to purchase the hdfc bank multi currency forex plus card.
These cards are an easy and safe way to travel to the us with us dollars from you indian account.
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