Forex Card - Buy Prepaid Travel Forex Cards at HDFC Bank (2024)

Features and Benefits of A Forex Card

Following are the features and benefits that make HDFC Bank Forex Cards a popular choice for globetrotters:

  • HDFC Bank Forex Cards can be loaded with multiple currencies, which you can use in various countries without having to carry multiple currency notes.
  • You can load your HDFC Bank Forex travel card with a specific amount of foreign currency before your trip and avoid currency exchange rate fluctuations during your travels.
  • Our Forex Cards are equipped with PIN-and-chip technology, making them more secure than carrying cash. In case of theft or loss, you can easily block your cards and order a replacement.
  • Our travel cards are widely accepted at ATMs, point-of-sale (POS) terminals, and online merchants worldwide.
  • HDFC Bank Forex Cards are offered at competitive exchange rates compared to currency exchange counters at airports or banks, saving you money on conversion fees.
  • Most of our Forex Cards do not come with any attached additional fees for foreign transactions, unlike Credit or Debit Cards, wherein foreign transaction fees are applicable.
  • You can buy Forex Cards online or through authorised agents, making it easy to add more funds while abroad.
  • You can monitor your spends and check your balance online for instant, on-the-go financial management during your travels.
  • We offer 24/7 customer support and emergency card replacement services, ensuring peace of mind in case of unforeseen circ*mstances.
  • Some of our forex travel cards come with additional features like travel insurance, airport lounge access, and discounts on hotels and dining.

Eligibility Criteria for Forex Card

To apply for your HDFC Bank Forex Card, you must fulfil these eligibility requirements:

  • You must be a resident of the country
  • You must be at least 18 years old.
  • You must provide your valid passport as your primary identification proof for foreign travel.
  • You may need to submit your Aadhar card, PAN card, or voter ID, for KYC verification purposes.
  • You should have an active bank account in India.
  • You may need to provide your travel itinerary, including flight tickets or hotel reservations upon request to verify the need for forex.
  • You may need to provide the foreign currency you wish to load onto the travel card.

Documents required to apply for Forex Card

You must provide the following documents while applying for a Forex Card:

  • Your passport.
  • A copy of your visa (in case you are travelling to a preapproved visa destination).
  • A copy of your PAN card.
  • An address proof document like Aadhaar, voter ID, or any latest utility bill.
  • Duly filled application form provided by the Forex Card issuer.
  • Recent passport-sized photographs as specified by the issuer.
  • Some providers may request your travel itinerary, including flight bookings and hotel reservations.

Charges Applicable for Forex Card

The following are the Forex Card options HDFC Bank offers and the associated fees:

Regalia Forex Plus Card

  • Card Issuing Fee: ₹1,000 + GST per card
  • Reloading Fee: ₹75 + GST per reloading transaction

Multicurrency Forex Card

  • Card issuing Fee: ₹500 + GST per card
  • Reloading Fee: ₹75 + GST per reloading transaction currency wise

ISIC Student ForexPlus Card

  • Card issuing Fee: ₹300 per card
  • Reloading Fee: ₹ 75 + GST per card
  • Reissuing/replacement Fee: ₹100 + GST per card

HDFC Bank Hajj Umrah ForexPlus Card

  • Card issuing Fee: ₹200 + GST per card
  • Reloading Fee: ₹75 + GST per reloading transaction
  • Re-issuing of Card Fee: ₹100 per card

How To Apply For A Forex Card

Following are the steps to apply for your HDFC Bank Forex Card:

  1. Visit the nearest HDFC Bank branch or login to our website/app to buy forex online.
  2. Fill the Forex Card application form with your personal details, travel plans, and card preferences.
  3. Submit the necessary documents, including a valid passport, visa, PAN card, address proof, passport-sized photos, and any other documents as requested in the form.
  4. Decide the amount and currencies you want to load onto the travel card and pay the equivalent amount in your local currency. You may also choose from single-currency or multi-currency Forex Cards based on your specific travel needs.
  5. Pay the issuance fee and any other charges associated with the card. Ensure you check if you are eligible for any fee waivers (under certain conditions) before making the payment.

    If you apply in person, you will receive the physical card immediately or within a few business days. If you apply online, the card shall be delivered to your registered address. You can activate the card by setting a PIN and reload it online or at your nearest HDFC Bank branch based on your needs.

Purposes for Which You Can Apply for a Forex Card

You can apply for your HDFC Bank Forex Card for various purposes, such as:

  • If you intend to travel abroad.
  • If you are moving abroad as a student and you need a widely accepted payment card to help you manage your living expenses, tuition fees, and other financial needs in foreign currency.
  • If you intend to travel overseas for business purposes and wish to simplify your expense tracking while easily accessing local currencies.
  • If you are planning to host/attend a destination weddings or other significant celebrations abroad.
  • If you are a medical tourist, traveling for treatments or surgeries in foreign countries, you can use your HDFC Bank Forex Cards to pay for medical bills and other expenses conveniently.
  • If you wish to give a cash gift to someone or remit money to family members or friends residing overseas.
  • If you wish to make purchases online on overseas websites and pay for your expenses in the local currency.

Forex Cards FAQs

What are the uses of a Forex Prepaid Card?

A Forex Prepaid Card can be used to initiate convenient and secure payments for your expenses while you travel abroad. It helps you make payments in the local currency of the country of travel.

What is the cost of a Forex Card?

The cost of a Forex Card varies, depending on the issuing bank or Forex Card service provider. It typically ranges from zero to around ₹500.

Can a Forex Card be used to withdraw cash?

Yes, you can withdraw money from a Forex Card at specific Visa/MasterCard ATMs worldwide, provided it is loaded with the necessary foreign currency.

Can you get a Forex Card in one day?

Yes, some banks and financial institutions offer the option to get a travel card in one day. They may however charge extra fees for instant, one-day services.

Do you need a visa to get a Forex Card?

You do not necessarily need a visa to obtain a Forex Card, especially if you are travelling to a ‘visa on arrival’ destination. However, you need a valid passport and necessary documents as per the issuer's requirements.

How much cash can you carry on a Forex Card?

The amount you can load onto a Forex Card varies depending on the issuing bank or provider. Typically the RBI permits you to carry up to USD 3,000 or its equivalent in other foreign currencies.

Can money be transferred from a Forex Card to bank account?

Yes, you can transfer money from a Forex Card to a bank account, subject to the terms and conditions of the card provider.

Are travel cards accepted everywhere?

Travel cards are widely accepted at most merchant stores and ATMs globally. However, acceptance may vary depending on the card’s network and location.

What is the forex limit in India?

The limit for forex transactions ​​​​​​​in India varies based on the purpose, with different limits for travel, business, and more. You can usually carry up to USD 3,000 per visit.

Can Forex Card be used at the airport?

Yes, Forex Cards typically work at airport facilities, allowing you to make purchases, withdraw cash, and pay for services.

What currencies can be loaded onto the Forex Card?

You may load a range of foreign currencies on the Forex Card, including major ones like USD, EUR, GBP, etc.

Disclaimer:*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circ*mstances.​​​​​​​

Forex Card - Buy Prepaid Travel  Forex Cards at HDFC Bank (2024)


Top Articles
Latest Posts
Article information

Author: Kareem Mueller DO

Last Updated:

Views: 5993

Rating: 4.6 / 5 (46 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Kareem Mueller DO

Birthday: 1997-01-04

Address: Apt. 156 12935 Runolfsdottir Mission, Greenfort, MN 74384-6749

Phone: +16704982844747

Job: Corporate Administration Planner

Hobby: Mountain biking, Jewelry making, Stone skipping, Lacemaking, Knife making, Scrapbooking, Letterboxing

Introduction: My name is Kareem Mueller DO, I am a vivacious, super, thoughtful, excited, handsome, beautiful, combative person who loves writing and wants to share my knowledge and understanding with you.