Saraswat Bank Forex Card: Saraswat Bank is a scheduled cooperative bank in India regulated by the RBI. It is one of the most popular banks for Forex services and an emerging market leader in other banking and financial services.
Saraswat Bank Forex card is offered by the bank to students who are going abroad for higher studies or travel. Travel currency cards or forex cards are one of the safest ways of carrying money abroad. Saraswat Bank issues cards through Thomas Cook India Ltd. Check all the major features of this bank’s Forex cards for international students.
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Saraswat Bank Forex Card: Major Highlights
Saraswat Bank travel currency card is a secure and convenient way to carry foreign currency abroad. It offers a prepaid option that can be reloaded as per the requirement at competitive exchange rates. The card is a Visa card which is widely accepted for payments such as hotel bookings, shopping, and dining. Check some major highlights of the card below:
| Particulars | Details |
| Name of the Card | Thomas Cook India Ltd – Borderless Multi-currency card |
| Currencies Supported | 8 Major Currencies |
| Validity Period | 5 years |
| Countries Supported | All countries except India, Nepal and Bhutan |
| Documents Required | Copy of valid passport, visa, air ticket and PAN card (duly self-attested) |
Also Read: Check here all the important features of the Bank of Baroda Forex Card for International Students
Major Benefits of Saraswat Bank Forex Card
The Saraswat Bank Forex Card offers a lot of benefits for international travellers and students. You can get attractive features like competitive exchange rates, cashless transactions etc. The card is accepted worldwide at various merchants and ATMs. Check some of the major benefits of this bank’s Forex card:
- The card has enhanced security with EMV chip technology which reduces the risk of fraud.
- Students can manage their cards easily through online services, and it offers 24/7 customer support for any issues or emergencies.
- The card also provides insurance coverage which also includes baggage loss coverage, permanent disability coverage etc.
- On your return to India, you can encash all the remaining balance in your Forex cards.
- You will also get global emergency assistance service for lost or stolen cards and also a free replacement service.
Saraswat Bank Forex Card Eligibility Criteria
Eligibility Criteria for this bank’s Forex card are prescribed by both the bank and Thomas Cook (card issuer). The eligibility criteria for a Forex Card of this bank usually include being an Indian resident with a valid passport. Check the major eligibility criteria below for this bank’s Forex card for international students:
- Forex cards are generally available to individuals travelling abroad for various purposes such as tourism, education, business, or medical treatment.
- Applicants may need to provide proof of travel, such as a confirmed ticket or visa, and complete the required application forms
- Documents like KYC (Know Your Customer) documents, identity and address proof, college ID card etc shall also be submitted
- The minimum age of the student shall be 18 years.
Also Read: Planning to pursue higher education with a personal loan? Check here all about Bajaj Finserv Personal Loan for Education
How to Apply for Saraswat Bank Forex Card
The students are required to apply for a Saraswat Bank Forex Card by filling out the Thomas Cook Forex card application form. This is because the bank issues the Forex Card in association with Thomas Cook India Ltd. Check some major steps to apply for a Forex Card from this bank below:
- Visit the nearest branch of the bank
- Go to the nodal officer and explain the requirements
- Follow the directions provided by the bank personnel
- Fill out the application form for Thomas Cook and attach the required documents
- Submit the form to the bank
- The card will be delivered to your doorstep
These were some of the major details about the Saraswat Bank Forex Card for Indian students. Check some common FAQs based on the same:
FAQs
The Saraswat Bank Forex Card, offered through Thomas Cook India Ltd, is a prepaid multi-currency card designed primarily for students travelling abroad for higher studies or travel.
To apply for this bank’s Forex Card, applicants need to submit a copy of a valid passport, visa, air ticket, and PAN card, all duly self-attested.
The Forex Card offers several benefits like enhanced security with EMV chip technology, worldwide acceptance at various merchants and ATMs, competitive exchange rates, insurance coverage etc.
Students can apply for this bank’s Forex Card by visiting the nearest Saraswat Bank branch. They need to fill out the Thomas Cook Forex card application form, attach the required documents, and submit the form to the bank.
The eligibility criteria for the Forex card are simple. You must be an Indian resident with a valid passport. Applicants should be at least 18 years old and travelling abroad for purposes like tourism, education, business, or medical treatment.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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