Canara Bank Forex card is one of the best options for international students to manage expenses abroad. It is a renowned public sector bank in India and provides multiple financial services to students including Canara Bank education loan, international money transfers, refinance etc. The bank provides multiple types of Forex cards or prepaid travel cards at cheaper exchange rates and an online reload facility. The card is safe and secure to use and you can also withdraw money with it.
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Canara Bank Forex Card: Major Features
The Canara Bank Forex Card is a convenient, secure prepaid card designed for international students and travellers to manage foreign currency abroad. It offers multiple currency loading options which make it adaptable to visit and stay in any major country. Canara Bank Forex card provides benefits like real-time tracking through mobile banking, easy top-ups, and widespread acceptance across ATMs, shops, and restaurants internationally. Check some major features of the Canara Bank travel card below:
| Particulars | Details |
| Name of the Card | Canara Bank Forex Prepaid Card |
| Types of Canara Bank Forex Card | Classic Visa Prepaid Card VISA Gift Prepaid Card VISA Plus Prepaid Card MasterCard Platinum International Travel Prepaid Card |
| Validity | 5 years |
| Uses | POS, ATM withdrawal, online purchase etc |
| Eligibility | Customers with Full KYC travelling abroad for study or travel |
Also Read: Check here all the details on public sector bank education loans
How to Apply for a Canara Bank Forex Card?
You can apply for a prepaid travel card from Canara Bank through the official website of the bank or by visiting the branch. However, it’s better to apply for the card offline by visiting the nearest branch as the online application process is a bit complicated. Check the steps to apply for a travel card below:
- The applicant must visit the Canara Bank branch where they hold an SB, CA, or OD account.
- Submit a written request using the card application form to purchase a forex card.
- Provide required beneficiary details, such as name, address, and mobile number.
- Authorize the bank to transfer funds from their SB, CA, or OD account for card loading or reloading.
- Non-personalised cards are issued instantly at the branch.
- For reloading, the purchaser must submit a written request in the prescribed form and authorise the bank to transfer funds from their SB, CA, or OD account.
- For cancellation and refund, the purchaser must submit a written request using the designated form.
Eligibility Criteria
One of the most important eligibility criteria for a Canara Bank Forex card is that the student must be going to a foreign country for which the bank checks the documents before issuing the card. Check the essential eligibility criteria for the Canara Bank prepaid travel card below:
- The student must have secured admission to a university abroad
- Full KYC for the customers is mandatory
- It is mandatory for the customer to register their mobile number and provide beneficiary details, including the beneficiary’s mobile number
- The account should have been KYC-complied
Also Read: Check here all the details and process of SBI Education Loan Disbursement
Documents Required
The documents required for a travel card includes proof of your admission and travel documents. You need to submit all the documents to the bank at the time of applying for a Canara Bank Forex card. Check the details of the document required below:
| Documents | While Purchasing | While Reloading |
| Copy of Passport | Mandatory | NA |
| Application Form | Card Card Issuance Application Form | Reload Application Form |
| Form A2 | Mandatory | Mandatory |
| Copy of Visa | Mandatory if the Visa is taken before travel. Visa on arrival case is exempted | Not Required for the same trip |
| Air Ticket | Mandatory | Not Required for the same trip |
Types of Canara Bank Forex Card
There are 4 types of travel card offered by Canara Bank. The bank offers some of the cheapest forex cards for international students. All these cards have different features and benefits. You can go through the features and select the card best suited for you. Check the details of all 4 types of Canara Bank Forex cards below:
| Type of Card | Major Features |
| Canara MasterCard Platinum International Travel Prepaid Card | Hot listing facility available on the card Reload the card any time 24×7 Lost Card liability protection is provided (T&C apply) |
| Classic VISA Prepaid Card | Hot listing facility available in the card Reload the card any time 24×7 Lost Card liability protection is provided (T&C apply) |
| VISA Gift Prepaid Card | All POS transactions are secured by an OTP Purchase and Refund facility available through SB/CA/OD account A hot Listing facility is available |
| VISA Plus Prepaid Card | All ATM and POS Transactions are secured by PIN authentication Lost Card liability protection is subject to terms and conditions Purchase and Refund facility through SB, CA and OD account |
Canara Bank is one of the best public sector banks in India renowned for providing Forex cards, education loans, student accounts etc. Always go through the terms and conditions before applying for the travel card. Check some FAQs based on the Canara Bank Forex card below:
FAQs
There are four types of Forex cards offered by Canara Bank. They are: (a)Canara MasterCard Platinum International Travel Prepaid Card, (b) Classic VISA Prepaid Card, (c) VISA Gift Prepaid Card, and (d) VISA Plus Prepaid Card.
You can apply for a Canara Bank Forex card in the branch where you hold a savings account, currency account or overdraft account.
The Canara Bank prepaid travel card or Forex card is valid for a period of 5 years.
You can load up to 3 currencies in the Canara MasterCard Platinum International Travel Prepaid Card which are USD, EUR and AUD.
The eligibility criteria for the forex card is that the student must be studying or secured admission to a foreign university and the purchaser must have full KYC.
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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