Forex card is your best travel partner while staying abroad in a foreign country. It is very efficient as it makes managing day-to-day expenses easy and saves you currency conversion costs. The Axis Bank Forex Card is a prepaid card specifically designed for travellers and students studying abroad, offering a convenient and secure way to manage foreign currency. You can get it easily by filling out the online or offline form. Check all the key features and benefits of the Axis Bank Forex Card for students to use in a foreign country-
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Axis Bank Forex Cards
Apart from offering the Axis Bank education loan, it offers various types of Forex Cards to suit the different needs of international students. The Axis Bank Multi-Currency Forex Card allows loading up to 16 major currencies and offers features like contactless payments, emergency cash assistance, and insurance coverage.
The Axis Bank World Traveller Forex Card provides benefits such as lounge access, concierge services, and special discounts on hotels and dining. Applying for a Forex card will be more easy if you have an existing Axis Bank student account. This card is designed specifically for students travelling abroad, offering features like easy reload options and competitive exchange rates.
- Axis Bank Vistara Card: This card is linked to Vistara airline miles and offers you complimentary flight tickets, lounge access, priority check-in, and baggage handling. You can load up to 16 currencies on this card and enjoy zero cross-currency charges.
- Multi-Currency Forex Card: You can carry up to 16 widely used currencies in one card and make payments at the rate you loaded your card. You also get a flat 30 paise discount on the exchange margin if you are an Axis Bank account holder.
- World Traveller Forex Card: This card is specially designed for frequent travellers. You can load up to 8 currencies on this card and enjoy zero cross-currency charges. Additionally, you get complimentary insurance coverage and emergency assistance with this card.
- Diners Card: The Diners Card is ideal for US dollar transactions as it offers you zero currency conversion charges and zero ATM withdrawal fees. You can also enjoy unlimited airport lounge access, fuel surcharge waiver, and more with this card.
Also Read: Check here all the details and fees for Yes Bank International Money Transfer
Eligibility Criteria
To be eligible for an Axis Bank multi-currency Forex card, you need to meet certain eligibility criteria, which are as follows:
- You must be an Indian resident or a non-resident Indian (NRI).
- Your minimum age should be 18+ Years
- You must have a valid passport and visa holder
- You must have a confirmed ticket for travel within 60 days from the date of application (applicable for NRIs)
Axis Bank Multi-Currency Forex Card Charges
Here are some of the different charges that are associated with the Axis Bank Forex card:
- Issuance fee: You have to pay this fee when you apply for this Forex card. Its fee usually ranges from INR 300 + GST. However, if you are a priority customer of Axis Bank then the issuance fee of INR 300 will be waived.
- Reload fee: This is the fee that you have to pay when you reload your Forex card with more currency and the fee ranges between INR 100 + GST.
- ATM withdrawal fee: This charge will be applied when you withdraw cash from an ATM using your Axis Bank Forex card. It can range from INR 0 to INR 200.
- Cross-currency charge: Lastly, this fee is only applicable when you pay for a currency that is not loaded on your Forex card. It ranges from 0% to 3.50% depending on the type of card and currency.
- Cash Advance Transaction Fee: Cash advances are transactions where a Forex card is used at branches across International Banks for doing face-to-face cash disbursements. A fee of 0.50% of the transaction amount or USD 75 or equivalent whichever is lower (inclusive of GST) is charged for such transactions.
There are no charges for PIN changes, balance enquiry, and card replacement fees for domestic cards. However, the international card replacement fee is applicable.
Documents Required
Here are some of the necessary documents that are required during the application process for the Axis Bank Forex Card:
- A valid passport
- Visa
- A copy of your confirmed ticket (Applicable for NRIs)
- A copy of your PAN card or Form 60
- Passport size photographs
- Birth Certificate
- Aadhar Car
Also Read: Want to send money abroad? Check here all about OTP Bank International Money Transfer
Application Process
You can apply for an Axis Bank Multi-Currency Forex card online or offline. Here are the steps to follow.
- Online Procedure: You can visit the Axis Bank website and click on ‘Forex Card’ under ‘Retail Forex’. Then, choose the type of Forex card that suits your needs and click on ‘Apply Now’. You will have to fill in your details, travel details, and currency details and upload the above documents. You will also have to pay the issuance fee online. Once your application is verified, your Forex card will be delivered to your address within 6 business days.
- Offline Procedure: You can visit any Axis Bank branch or partner agent after the process is almost the same as the online procedure, the difference is here you will have a physical person present to assist you.
This was all about Axis Bank Forex cards for International students. Always check different types of charges implemented by the bank on card uses and compare among different categories of the card. This will help you to find the best-suited card for you.
To know about education loans, the best bank accounts for students, and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
Axis Bank offers various Forex Cards suitable to the requirements of international students. These are the Multi-Currency Forex Card, World Traveller Forex Card, Forex Card for Students, Vistara Card, and Diners Card.
The Axis Bank Forex Card for students offers features like easy reload options, competitive exchange rates, and convenient usage abroad. It is designed to meet the specific needs of students travelling internationally.
You can apply for an Axis Bank Forex Card online by visiting the Axis Bank website and selecting the ‘Forex Card’ option under ‘Retail Forex’. Alternatively, you can visit any Axis Bank branch and apply offline. Fill in your personal, travel, and currency details, upload the necessary documents, pay the issuance fee, and your card will be delivered to your address within a few business days.
Charges associated with the Axis Bank Forex Card are card issuance fee, reload fee, ATM withdrawal fee, and cross-currency charge. The issuance fee is INR 300. Reload fee ranges from INR 100 to INR 200. The cross-currency charge ranges from 0% to 3.50%, depending on the card and currency.
To be eligible for an Axis Bank Forex Card, you must be an Indian resident or a non-resident Indian (NRI) aged 18 years or above. You need to possess a valid passport and visa, along with a confirmed travel ticket within 60 days from the date of application (applicable for NRIs).
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