Frequently Aksed Question (FAQs) on Forex Card (2024)

We don't call it #TheUltimateTravelHack for nothing! Here’s more on how the Axis Bank Forex Card will make your trip abroad even better.

  • planning a trip
  • when you are abroad
  • on your return

At what exchange rate can I load currency on the card?

Are there any student offers on the card?

Do I need to activate my card for performing e-commerce transactions?

What is the Axis Bank Forex Card?

What currencies can be loaded on this Forex Card?

Do I need to have an Axis Bank Account to purchase the Forex Card?

Do I need to apply for the card well in advance?

What documents do I need to submit when I purchase or reload the Forex Card ?

What are the costs involved at the time of purchase?

When can I start using the card?

What is my PIN?

How long is this card valid for?

Is the card cheaper than other forex options?

What all networks are is the card available on?

How much foreign currency can I load onto my Forex Card?

How do I load my card for the first time?

Is remote reloading possible on the card?

What about Insurance Cover?

Does the SMS alert facility start automatically when I get the Forex Card, or do I have to register for it?

Is there any restrictions on the usage of the Card in any of the country or currency?

Is there any limit to load the card through the Digital channel?

Criteria for tax residential status for an Individual as per Income Tax Act, 1961?

What is TCS? I need to know more about it.

How can I manage my Forex Card transactions for ATM, POS, Online and Contactless transactions? Also can I increase or decrease the limits for these channels?

Will I be able to use my Forex Card for Standing Instructions (SI)?

Which Standing Instructions will be declined?

How do I make payments to existing merchants with SI? Will my services be declined if the SI is not paid from my card?

Are there any offers on my card?

Can I swipe my Forex Card directly at merchant establishments?

Is there a transaction fee for swiping the Forex Card for payment at merchant establishments?

How can I use this Card to withdraw cash?

Do I need to share the PIN while swiping my card at a merchant?

Which ATMs accept the Forex Card?

Can I use the card while I’m in India?

How do I use this card at Points-of–Sale (POS)?

What all can I use this card for?

Can I reload the card?

How can I confirm if my card has been loaded/reloaded?

What are emergency assistance services and who can avail it?

What do I do if my card is lost or stolen?

What should I do if I lose my Forex Card /ATM PIN or Internet Banking password?

What if I forget my ATM PIN?

Does the Visa ATM display the foreign exchange rate of conversion?

Is there a daily limit of purchase at a merchant establishment?

Is there a fee levied for the use of Visa ATMs?

What options should I choose to withdraw cash from the ATM?

What are the exchange rates applicable when I use my Forex Card for transactions (cash withdrawal at ATMs and swiping at merchant outlets)?

Can I know more about pre-authorizations taken at hotels/car rentals/cruise liners and what needs to be done in such cases?

Whom should I contact, in case I have any dispute on a transaction?

Is there any other way in which I can keep a track of my balance and the latest transactions?

Are there any regulatory restrictions on usage of my card?

Are there any additional charges for this SMS alert facility?

How can a non-Axis customer login to the site?

What is Dynamic Currency Conversion?

Can I use the DCC option at the time of transaction?

What do I do with my card once I'm back?

How can I get a refund of my unspent balance?

Do I need to surrender the card at the branch at the time of encashment or can I retain the same?

What should I do if my Forex Card has expired but there is an unutilised balance on the card?

I am an existing Forex Card user, how do I activate this service?

'; // DataBind += '

'; // DataBind += a[i].Answer; // DataBind += '

'; // console.log(DataBind); // $("#accordion").append(DataBind); // } // else if (a[i].QuestionCategory == "2") { // var DataBind = '

'; // DataBind += '

'; // DataBind += '

'; // DataBind += ''; // DataBind += '' + a[i].Question + '

'; // DataBind += '

'; // DataBind += a[i].Answer; // DataBind += '

'; // console.log(DataBind); // } // else if (a[i].QuestionCategory == "3") { // var DataBind = '

'; // DataBind += '

'; // DataBind += '

'; // DataBind += ''; // DataBind += '' + a[i].Question + '

'; // DataBind += '

'; // DataBind += a[i].Answer; // DataBind += '

'; // console.log(DataBind); // } // } // }, // error: function (d) { // alert("error 1"); // } //}); //return false; }); $('#SearchFAQ').click(function (e) { e.preventDefault(); var Search = $("#txtSearch").val(); $.ajax({ async: true, type: "POST", url: "AxisWebService.asmx/GetForexFAQ", //It calls our web method contentType: "application/json; charset=utf-8", data: "{'Search':'" + Search + "'}", dataType: "json", success: function (data) { console.log(data.d); var a = JSON.parse(data.d); var Count = 0,t1= 0, t2 = 0, t3 = 0; $('#accordion').html(''); $("#accordion1").html(''); $("#accordion2").html(''); $("#norecordfound1").hide(); $("#norecordfound2").hide(); $("#norecordfound3").hide(); // var x = (typeof data.d) == 'string' ? eval('(' + data.d + ')') : data.d; for (var i = 0; i < a.length; i++) { if (a[i].QuestionCategory == "1") { if (Count == 0) { $('#tab3').removeClass('active'); $('#tab2').removeClass('active'); $("#tab1").addClass('active'); $('#trip').removeClass('tab-pane fade faq-one'); $('#abroad').removeClass('tab-pane fade faq-two active in'); $('#BackData').removeClass('tab-pane fade faq-three active in'); $('#trip').addClass('tab-pane fade faq-one active in'); $('#abroad').addClass('tab-pane fade faq-two'); $('#BackData').addClass('tab-pane fade faq-three'); Count = Count + 1; } t1++; var DataBind = '

'; DataBind += '

'; DataBind += '

'; DataBind += ''; DataBind += '' + a[i].Question + '

'; DataBind += '

'; DataBind += a[i].Answer; DataBind += '

'; console.log(DataBind); $("#accordion").append(DataBind); } else if (a[i].QuestionCategory == "2") { if (Count == 0) { $('#tab3').removeClass('active'); $('#tab1').removeClass('active'); $("#tab2").addClass('active'); $('#trip').removeClass('tab-pane fade faq-one active in'); $('#abroad').removeClass('tab-pane fade faq-two'); $('#BackData').removeClass('tab-pane fade faq-three active in'); $('#trip').addClass('tab-pane fade faq-one'); $('#abroad').addClass('tab-pane fade faq-two active in'); $('#BackData').addClass('tab-pane fade faq-three'); Count = Count + 1; } t2++; var DataBind = '

'; DataBind += '

'; DataBind += '

'; DataBind += ''; DataBind += '' + a[i].Question + '

'; DataBind += '

'; DataBind += a[i].Answer; DataBind += '

'; console.log(DataBind); $("#accordion1").append(DataBind); } else if (a[i].QuestionCategory == "3") { if (Count == 0) { $('#tab1').removeClass('active'); $('#tab2').removeClass('active'); $("#tab3").addClass('active'); $('#trip').removeClass('tab-pane fade faq-one active in'); $('#abroad').removeClass('tab-pane fade faq-two active in'); $('#BackData').removeClass('tab-pane fade faq-three'); $('#trip').addClass('tab-pane fade faq-one'); $('#abroad').addClass('tab-pane fade faq-two');$('#BackData').addClass('tab-pane fade faq-three active in'); Count = Count + 1; } t3++; var DataBind = '

'; DataBind += '

'; DataBind += '

'; DataBind += ''; DataBind += '' + a[i].Question + '

'; DataBind += '

'; DataBind += a[i].Answer; DataBind += '

'; console.log(DataBind); $("#accordion2").append(DataBind); } } if (a.length == 0) { $("#norecordfound1").show(); $("#norecordfound2").show(); $("#norecordfound3").show(); } else { if (t1 == 0) { $("#norecordfound1").show(); } else { $("#norecordfound1").hide(); } if (t2 == 0) { $("#norecordfound2").show(); } else { $("#norecordfound2").hide(); } if (t3 == 0) { $("#norecordfound3").show(); } else { $("#norecordfound3").hide(); } } }, error: function (d) { //alert("error"); } }); return false; });

Frequently Aksed Question (FAQs) on Forex Card (2024)

FAQs

Why is my forex card declined? ›

If you do not have sufficient funds available across all the currencies on your card to cover both the value of the transaction plus the tolerance amount, the transaction may be declined.

Can we withdraw money from a forex card in the USA? ›

You can use the Forex Card to withdraw cash from any VISA/VISA Plus / Mastercard ATMs overseas. Just insert the card, select Checking/Current Account on the screen, and follow the instructions. Enter your PIN and indicate the amount you want to withdraw in the local currency.

How many currencies can be loaded in your forex card? ›

This card can be loaded in 22 currencies, providing protection against exchange rate fluctuation in future.

How much money can a forex card hold? ›

How much foreign currency can I load onto my Forex Card? Your Forex Card needs be loaded with an amount that is in compliance with RBI and FEMA regulations. As per those regulations, travellers can carry up to US$ 2,50,000 or equivalent worth of forex abroad in one financial year.

Why is my card declined even though I have money? ›

Why might my debit card be denied even if I have money in the account? It indicates an expandable section or menu, or sometimes previous / next navigation options. Your debit card may be denied due to overdrafting, reaching daily purchase limits, or your bank suspecting fraud.

Why is my card getting declined internationally? ›

Large purchases, charges from sellers in foreign countries, or activity that seems unusual may trigger the bank or credit union to lock down your account to avoid fraud. Before traveling, contact your bank or credit union to let them know you'll be out of town.

What are the disadvantages of a forex card? ›

Explore the drawbacks of using forex cards, including hidden fees, limited acceptance, exchange rate fluctuations, and potential loss or theft risks, to make informed decisions for your international travels. Forex cards, a popular choice among international travellers, are lauded for their convenience and security.

Can I transfer money from forex card to USA bank account? ›

To answer the question, yes, it is possible to transfer money from a forex card to a bank account. All you have to do is prepare some documents and follow a step-by-step process to request money transfer from your forex card.

Which is better, a forex card or an international debit card? ›

You typically end up paying a markup fee between 2.5% and 3.5% on transactions executed abroad when using your Debit or Credit Card. However, there is no such fee levied on your Forex Card. Hence, this is a cost-effective financial tool for foreign trips, or even a longer stay such as studying abroad.

Which bank is best for a forex card? ›

Best 10 Forex Cards in India
  1. Niyo Global Card by Equitas Bank. ...
  2. BookMyForex YES Bank Forex Card. ...
  3. Axis Bank Multi-Currency Forex Card. ...
  4. Standard Chartered Forex Card. ...
  5. HDFC Bank Multicurrency Platinum ForexPlus Chip Card. ...
  6. ICICI Bank Student Forex Prepaid Card. ...
  7. State Bank Multi-Currency Foreign Travel Card.

Can someone else load my forex card? ›

Yes, you can reload your Forex Card via Axis Mobile. Or you may leave a signed copy of the reload form and authorization with your family. Your family member can approach Axis Bank Branch with the Reload form. On submission of the documents and receipt of the payment, the card would be reloaded.

How much does forex card charge per transaction? ›

3.5% mark-up is applicable for cross currency transactions. GST as applicable on all Fees and Charges. 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. *GST at 18% will be applicable on the charges as determined as per above slabs."

What happens to unused money in forex card? ›

Forex Cards usually have a validity of three to five years. You can simply retain leftover funds for your next trip or easily transfer it back to your bank account. Follow these simple steps if you wish to move funds back into your bank.

How do I add money to my forex card? ›

Loading and reloading your Forex Card is very simple. You can fund your card through the online channels that you regularly use, like Internet Banking and mobile banking app, open If you are not familiar with online payment methods, you can visit your bank branch, fill out a form and load your card with ease.

What is the maximum withdrawal from forex? ›

Forex Card Charges & Fees
Sr. No.CurrencyDaily limit for ATM cash withdrawal#
1US DollarUSD 2,000
2Pound SterlingGBP 1,000
3EuroEUR 1,500
4Canadian DollarCAD 2,000
11 more rows

Why is my card declined if not enough money in the account? ›

Insufficient Funds

You'll avoid declined transactions by keeping enough money in your checking account. Set up low balance alerts with your bank or credit union to notify you when funds run low. Consider linking your checking account to a savings account for overdraft protection to ensure a financial safety net.

How do I unblock my forex card? ›

To block/ unblock your Card, simply call our helpline number 1860 500 5004. Make every transaction a secure one with the advanced Chip & PIN technology. Your Multi-Currency Travel Card comes packed with a gamut of features to make your trip abroad seamless and safe!

What does it mean when your card is declined? ›

A credit card decline is when a credit card payment isn't authorized or accepted. There are a few reasons why a customer's card might not work – whether their card has expired, they've spent too much on it, or the issuing bank thinks there might be suspicious activity, among other reasons.

How do I check if my forex card is activated? ›

Once your card is activated, you will receive a message and mail to your registered contact number and Mail ID.

Top Articles
9 Ways to Save on Thanksgiving Dinner
Netflix Segmentation, Targeting, and Positioning
Mybranch Becu
Antisis City/Antisis City Gym
Custom Screensaver On The Non-touch Kindle 4
55Th And Kedzie Elite Staffing
Enrique Espinosa Melendez Obituary
Insidious 5 Showtimes Near Cinemark Tinseltown 290 And Xd
Us 25 Yard Sale Map
Trade Chart Dave Richard
Overzicht reviews voor 2Cheap.nl
Kagtwt
Cape Cod | P Town beach
How to Store Boiled Sweets
Craigslist Motorcycles Orange County Ca
Site : Storagealamogordo.com Easy Call
Indystar Obits
Aps Day Spa Evesham
Kashchey Vodka
Where to eat: the 50 best restaurants in Freiburg im Breisgau
Drug Test 35765N
Morse Road Bmv Hours
SOGo Groupware - Rechenzentrum Universität Osnabrück
Robotization Deviantart
Miller Plonka Obituaries
Meggen Nut
Winterset Rants And Raves
Uno Fall 2023 Calendar
Street Fighter 6 Nexus
Solarmovie Ma
Myhrconnect Kp
Moses Lake Rv Show
Justin Mckenzie Phillip Bryant
Strange World Showtimes Near Atlas Cinemas Great Lakes Stadium 16
Devotion Showtimes Near Mjr Universal Grand Cinema 16
Dollar Tree's 1,000 store closure tells the perils of poor acquisitions
Www Craigslist Com Brooklyn
Housing Intranet Unt
Kerry Cassidy Portal
Busted Newspaper Campbell County KY Arrests
Karen Wilson Facebook
Gym Assistant Manager Salary
Mitchell Kronish Obituary
Sound Of Freedom Showtimes Near Amc Mountainside 10
Oklahoma City Farm & Garden Craigslist
Port Huron Newspaper
2294141287
Displacer Cub – 5th Edition SRD
Stoughton Commuter Rail Schedule
Barber Gym Quantico Hours
Parks And Rec Fantasy Football Names
Latest Posts
Article information

Author: Laurine Ryan

Last Updated:

Views: 6492

Rating: 4.7 / 5 (77 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Laurine Ryan

Birthday: 1994-12-23

Address: Suite 751 871 Lissette Throughway, West Kittie, NH 41603

Phone: +2366831109631

Job: Sales Producer

Hobby: Creative writing, Motor sports, Do it yourself, Skateboarding, Coffee roasting, Calligraphy, Stand-up comedy

Introduction: My name is Laurine Ryan, I am a adorable, fair, graceful, spotless, gorgeous, homely, cooperative person who loves writing and wants to share my knowledge and understanding with you.