|Maximum Daily ATM Cash Limit||USD 5,000 / EURO 5,000 / GBP 5,000 / AUD 5,000 / SGD 5,000 / CHF 5,000 / HKD 5,000 / CAD 5,000 / JPY 5,00,000 / SEK 5,000 / ZAR 5000 / AED 5000 / SAR 5000|
|Minimum Daily ATM Cash Limit||USD 10 / EURO 10 / GBP 10 / AUD 10 / SGD 10 / CHF 10 / HKD 10 / CAD 10 / JPY 10 / SEK 10 / ZAR 10/ AED 10 / SAR 10|
|Maximum Daily POS / ECOM Limit||USD 10,000 / EURO 10,000 / GBP 10,000 / AUD 10,000 / SGD 10,000 / CHF 10,000 / HKD 10,000 / CAD 10,000 / JPY 10,00,000 / SEK 10,000 / ZAR 10000 / AED 10000 / SAR 10000|
|Minimum Daily POS / ECOM Limit||USD 1 / EURO 1 / GBP 1 / AUD 1 / SGD 1 / CHF 1 / HKD 1 / CAD 1 / JPY 1 / SEK 1 / / ZAR 1 / AED 1/ SAR 1|
|Maximum Loading Amount using branch||As per FEMA Limits|
|Maximum Loading amount using Web Log-in||USD 5,000 daily / yearly. USD 2000 per transaction. Other currencies can be loaded equivalent to these limits.|
|Maximum Loading amount calling Customer Contact Centre||USD 5,000 daily / yearly. Other currencies can be loaded equivalent to these limits.|
|Fees and Charges|
|Lost Card Reissue Fee / Replacement Card Fee (exclusive of service tax)||Rs 250 (within India) (exclusive of GST)|
|USD 20, EURO 16, GBP 13, AUD 23, SGD 25, CHF 20, HKD 150, CAD 25, JPY 2149, SEK 150 ZAR 247 AED 73 SAR 73 (outside India) (exclusive of GST)|
|Issuance Fee||250 (exclusive of GST)|
|Reload Fee||75 (exclusive of GST)|
|Convenience Fee for Online Reload||75 (exclusive of GST)|
|Convenience Fee for Reload using Customer Contact Centre||75 (exclusive of GST)|
|Ad-Hoc Statement Request||Nil|
|Charge Slip Retrieval Fee||Nil|
|Cash Withdrawal||USD 2, EURO 1.5, GBP 1.5, AUD 2.5, SGD 2.7, CHF 2.5, HKD 15, CAD 2.5, JPY 215, SEK 16, ZAR,25 AED 7.29, SAR 7.29(exclusive of GST)|
|Balance Enquiry @ Overseas ATMs||USD 0.5, EURO 0.4, GBP 0.4, AUD 0.5, SGD 0.75, CHF 0.5, HKD 4.5, CAD 0.64, JPY 53.72, SEK 4 ZAR 6.2, AED, 1.8 SAR 1.8 (exclusive ofGST)|
3.5% mark-up is applicable for cross currency transactions.
GST as applicable on all Fees and Charges.
Other than the above charges customer will be charged Foreign Currency Transaction Tax on loading / reloading / refund basis the below table:
|Value of purchase or sale of Foreign Currency||Value on which GST rate will be applicable*|
|Up to 1,00,000||1% of the gross amount of currency exchanges or minimum of Rs.250/-|
|Above Rs.1,00,000/- to Rs.10,00,000/-||1000 + 0.50% of the gross amount of currency exchanged less 1,00,000.|
|Above Rs.10,00,000/-||Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/-|
|*GST at 18% will be applicable on the charges as determined as per above slabs."|
|"Foreign Currency Conversion Charge will be applicable on purchase of foreign currency as mentioned above:|
The Forex Card is a Chip based pre-paid card introduced in association with Visa. It is the first card to offer you the option of loading up to 13 currencies in a single card in a convenient and secure way.
This card gives you the freedom to shop anywhere in the world and provides access to the currency of your destination at competitive market rates.
It can be used at all VISA ATMs and merchant establishments accepting VISA Cards worldwide except for a few countries which are listed in FAQ (2)
Forex Card will work across the world other than the countries mentioned below:
Iran, North Korea, Cuba, Syria, Crimea region, Afghanistan, Venezuela, India, Nepal, Bhutan.
Your Forex Card will be activated with the loaded currencies within 24 hours of the bank getting clear funds from your end. Once active, the card can be used at any international location.
The Forex Card works just like a Credit/Debit Card for purchase transactions at merchant establishments that have an electronic terminal. The only difference is that the transaction amount is directly debited from your Forex Card balance.
The card can be used to withdraw cash at all Visa ATMs worldwide. Irrespective of the currency in the card, the cash dispensed will be of the said currency of the country. Only ensure that you remember the PIN given to you with the card welcome kit. The same is unique for every card and can be changed only through travel web log-in. Following are the steps for using a Forex Chip Card during a POS transaction:
If the POS terminal does not have chip facility, the card can be used for normal magnetic stripe swipe on the POS terminal.
The chip card is also known as EMV Card. EMV is the brand name of EMV Co. which stands for Europay MasterCard Visa.
The Forex Card is currently available in 13 currencies:
We don't realise the importance of technology in our lives, especially when paying of bills.