Forex card is your best international travel partner using which you can make hassle-free payments and withdraw cash as well. Regalia HDFC Forex Card is a single currency Forex card with zero cross currency markup charges available in US Dollars. The card will be valid at all VISA/Master Card accepting merchants across the world as well as for online shopping. If you are planning to study in the USA, then the HDFC Regalia Fore card will be very useful for managing your everyday expenses in that country. Let’s discuss all the major features, benefits and charges on HDFC Forex Cards.
Table of contents
Features of HDFC Regalia Forex Card
The HDFC Regalia Forex card allows you to load currency in US Dollars without charging any Forex markup fees. It is one of the safest modes to carry currency while travelling abroad. HDFC Bank’s website has a user-friendly interface and you will easily understand how to reload a Forex card through net banking. Also, you can immediately apply for a duplicate card through prepaid net banking in case you lose your Forex Card. Check some of the major features of the HDFC Regalia Forex Card:
- After purchasing the card, you will get 2 Complimentary airport lounge access every quarter until the validity of the card at international airports in India.
- You can avail backup facility service for your card at the time of applying for it. In case you lost your card, you can use the backup card.
- You can activate the Tap and Pay service on your Regalia Forex Card by logging in to your net banking profile.
- The card is completely safe and secured with an advanced Chip & PIN.
- Insurance coverage under various categories will also be provided with the Forex Card.
- The card has a daily cash withdrawal limit of USD 5000 from any ATM accepting Visa card.
Did you know you can apply for a single currency forex card through government banks as well? Check this blog on the Bank of India Single Currency Forex Card
Eligibility Criteria for HDFC Forex Card
The bank has prescribed some essential eligibility criteria in order to purchase the Forex Card. All the eligibility criteria have been set in line with the guidelines provided by the Reserve Bank of India. Check all the major eligibility criteria below:
- You must be an Indian citizen
- It is not necessary to hold an account with HDFC bank to apply for a Forex Card
- You must produce a valid visa or air ticket of the USA
- All the submitted documents should pertain to the account from which the card will be funded.
Insurance Cover with Regalia HDFC Forex Card
HDFC Regalia Single Currency Forex Card comes with insurance coverage for various unfortunate incidents. You can claim insurance for fraudulent transactions, misuse of cards, loss of baggage at the airport, accidents leading to death etc. Check the insurance claim amount for all the categories below:
- The bank will provide protection upto INR 5 lakhs against misuse of cards due to counterfeiting.
- You can claim accidental Insurance in case of death and the coverage for the same is up to INR 2 lakhs.
- In case of death due to an air accident, the insurance can be claimed for the amount of INR 5 lakhs.
- In case of loss of checked-in baggage, you can claim for an amount up to INR 20,000.
- The bank provides coverage up to INR 50,000 in case you lose your passport.
- You can claim up to INR 60,000 if you lose cash during transit.
Looking for a Multi Currency Forex Card from HDFC? Check out this blog and get all the details on HDFC Bank Multi-Currency Forex Card
How to Apply for an HDFC Single Currency Forex Card
The application process for HDFC Single Currency Forex Card is completely online. You can simply visit the official website of HDFC Bank and apply for your card. In case you are unable to apply for the card online, you can visit the nearest branch of HDFC Bank and submit the Forex card application form. Check the steps below to apply online for Regalia HDFC Forex Card:
- Visit the official website of HDFC Bank
- Go to the ‘get prepaid card’ section and click on ‘Regalia Forex Plus Card’
- On the next page, read all the features and terms and conditions of the card and click on the ‘apply now’ button which you will find at the bottom of the page
- If you are holding a savings account with HDFC, then enter your customer ID. If you don’t have an account then choose the ‘NO’ option and enter your mobile number
- Enter the verification code received through the SMS
- Enter the name, contact number and email address
- Submit the application by filling in all the details and wait for the bank to respond
Transaction Charges on HDFC Single Currency Forex Card
Regalia HDFC Forex card is one of the cheapest Forex Cards in India. The bank charges certain fees on the Forex Card for different types of transactions done by the card. You have to pay charges for card issuance, ATM withdrawals, currency reload, balance enquiry etc. Check the details below
| Type of Transaction | Charges on Forex Card |
| Card Issuance Fee | INR 1000 + GST |
| ATM Withdrawal Fee | USD 4 per transaction |
| Balance Enquiry | USD 0.5 per transaction |
| Reload Fee | INR 75 + GST |
| Daily Cash Withdrawal Limit | USD 5000 |
FAQs
You can apply for HDFC Single Currency Forex Card by visiting the official website of HDFC Bank. Visit the Forex section and click on the card category. Fill out the application form and submit it along with the supporting documents.
There is only one currency available for the Regalia HDFC Forex Card i.e. US Dollar.
You can load a maximum of USD $250,000 in a financial year. There is no specified number of reloading the card the total amount in multiple reloads cannot exceed USD 250,000, as per the directions of RBI.
There is no Forex Markup Fee on the HDFC Regalia Single Currency Forex Card.
You can claim up to INR 5 lakhs against misuse of the card due to counterfeiting or skimming.
HDFC Regalia Forex Card allows you to make payments against your expenses seamlessly. The card is completely safe and secure and you can use it if you are planning to move to the USA for studies or any other purpose. Always read the terms and conditions properly before applying for a Prepaid Forex Card.
To know more about the single currency forex card, application process, 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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