Are you planning to travel abroad for higher education or leisure? If so, how about exploring the world without the stress of currency conversion or the fear of losing cash? This is possible with a PNB Multicurrency Travel Card that offers a secure and convenient way of managing money. It can loaded with multiple currencies like the USD, EUR, GBP, AED, CAD, and SGD. Read more to learn about the PNB Multi-Currency World Travel Card (MCWTC).
Table of contents
Overview of PNB Multi Currency Travel Card
PNB Multicurrency travel card is a prepaid foreign currency card. It’s truly a travel partner in your journey abroad which can be loaded with multiple currencies in a single card. The card is ready to use immediately after your purchase worldwide, except in India, Nepal, and Bhutan.
The good part is- even if you do not have an operative account with PNB, you can still get the PNB multi-currency travel card from an authorised branch of foreign exchange transactions. Let’s check out some of the features and benefits of buying a PNB MCWTC.
- Multiple currencies are available in one card.
- International students planning to study abroad can use a PNB multi-currency card for hassle-free money management.
- Popular currencies like USD, EUR, GBP, CAD, and SGD can be reloaded any number of times with your allowance.
- You can easily set the PIN via PNB’s dedicated customer portal.
- In case of loss and theft, the card is insured for up to INR 3.5 lakhs.
- The unused balance on the card can be surrendered and can be exchanged at competitive PNB Forex rates.
- You are protected against future currency fluctuations because the forex rate at which the card was issued/ topped up will be considered.
- You can avail of facilities like balance enquiry, statement of account, and cash withdrawals on PNB ATMs and other banks.
Also Read: Looking for a Forex Card from a private bank? Check out this blog on Yes Bank Forex Card.
Transaction Limits
The transaction limit of the PNB multi-currency travel card is set based on the transaction value as well as the frequency value. It means that daily, monthly, and yearly value is set on the number of transactions and transaction value via this card.
| Limit | Daily | Monthly | Yearly |
| Number of Transactions | 5 | 20 | 150 |
| Transaction Value | USD 5,000 | USD 15,000 | USD 25,000 |
Please note: The value stated are in USD. However, if you use this card for other currencies, the amount equivalent to USD is considered.
Cash Withdrawal Limits
You can always set the card translation limits for ATM/ E Com/ or transactions at POS. However, the cash withdrawal limits per transaction on ATMs are set by the concerned ATM provider of the country. To know about the daily limit of ATM cash withdrawals against the respective currency, check the table below-
| Currency | Daily Limit for ATM Cash Withdrawal |
| United States Dollar | USD 1000 |
| Canadian Dollar | CAD 1300 |
| Euro | EUR 800 |
| Great Britain Pound Sterling | GBP 700 |
| UAE Dhiram | AED 3700 |
| Singapore Dollar | SGD 1300 |
Reloading Limits
In the case of exhaustive currency, you can reload the desired currency. However, the minimum loading/ reloading limits are set by the bank. Also, the bank permits the issuance of PNB multi-currency travel cards against cash for an amount of up to INR 50,000, but structural reloading is not permitted against cash. Check the minimum loading limits below-
| Currency | Minimum Loading |
| United States Dollar | USD 150 |
| Canadian Dollar | CAD 200 |
| Euro | EUR 100 |
| Great Britain Pound Sterling | GBP 100 |
| UAE Dhiram | AED 600 |
| Singapore Dollar | SGD 300 |
Some of the best forex cards for Indian students based on country are listed below-
- Best Forex Cards for Indian Students in Ireland
- Best Forex Cards to use in Australia
- Best Forex Cards to use in Germany
- Best Forex Cards for Indian Students in the UK
Also Read: Confused between debit and Forex cards? Check out our blog on Forex Cards Vs International Debit Card.
Schedule of Charges
If you are wondering about the charges on the PNB Multi-currency travel card, then you must pay service charges along with applicable GST charges. The charges have to be paid against services availed like issuance and replacement of card, duplicate PIN, refund of the remaining amount, etc.
| Particulars | Charges (exclusive of GST) |
| Issuance/ Card Recharge | INR 100 + applicable taxes |
| Duplicate PIN | INR 100 + applicable taxes |
| Replacement of Card | INR 100 + applicable taxes (if delivered within India) |
| Refund of Unused Balance | INR 100 + applicable taxes |
| Mark up on conversion (Cross currency payment) | 2% of the transaction amount + applicable taxes over and above the charges of Master Card |
To know about the charges applicable to ATM balance enquiry and withdrawal fees, check the given table. However, these charges are exclusive of GST and applicable taxes which will be levied as per the currency of the card on all charges.
| Currency | ATM Balance Enquiry Charges | ATM Withdrawal Charges |
| USD | 0.50 | 2.00 |
| CAD | 0.50 | 2.50 |
| EUR | 0.25 | 1.50 |
| GBP | 0.25 | 1.50 |
| AED | 1.75 | 7.50 |
| SGD | 0.50 | 2.00 |
Documents Required for PNB Multicurrency Travel Card
To issue the PNB Multi-Currency World Travel Card, you need to submit various documents at the authorised branch of foreign exchange transactions. These documents allow the bank to check the validity of your visa, passport, and other travel details when issuing the card. Keep these documents handy when applying for a PNB MCWTC-
- Duly filled application form
- Copy of PAN Card
- Copy of Passport
- Copy of Visa
- Latest photograph of the customer (for walk-in-customer)
- Declaration form cum A2
This was all about the PNB multi-currency world travel card, which is also popularly known as the PNB forex card. Make sure to issue it when embarking on your journey for higher studies abroad
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.
FAQs
Yes. Punjab National Bank offers a forex card for international students and travellers, named PNB Multi-Currency World Travel Card. It offers a secure and convenient way of managing money. It can loaded with multiple currencies like the USD, EUR, GBP, AED, CAD, and SGD.
PNB travel card is truly a travel partner in your journey abroad which can be loaded with multiple currencies in a single card. You don’t have to carry cash as the PNB multi-currency cars simplify payments and make travel easy.
The transaction limit of the PNB multi-currency travel card is set based on the transaction value and frequency value. You can use it 5 times daily, 20 times monthly and 150 times yearly with a transaction value of up to USD 5000 daily, USD 15,000 monthly, and USD 20,000 yearly.
PNB forex card is not free. It comes with service charges like INR 100 + applicable taxes on card issuance or card replacement. Charges are also applicable on cross-currency payments, ATM withdrawals, and balance enquiries.
You need to submit a copy of a valid passport, visa, and PAN card, along with the duly filled application form. Also, you must submit the declaration form cum A2 and the latest-passport size photographs.
