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How forex card works
HDFC Bank offers different types of Forex cards for travelers namely HDFC Bank ForexPlus Card, HDFC Bank Multicurrency Platinum ForexPlus Chip Card, and HDFC Bank ISIC Student ForexPlus Card. These different types of Forex cards provided by HDFC Bank cater to the specific requirements of customers, ensuring a hassle-free and secure travel experience. Offering support for multiple currencies, the Forex card from HDFC is also backed by chip technology which makes the card incredibly secure. Forex Card – Benefits Your Multi-Currency Forex Card will be activated with the required currencies instantly over the counter at the branch. Once active, the card can be used at any international location for making payments at POS terminals or to withdraw cash at ATMs. Usage of the card is not allowed in India, Nepal, Bhutan, Iran, Syria, North Korea, Cuba, Sudan.
What is the HDFC Multi Currency ForexPlus Card?
As we just noted, forex trading is legal in India, but you can only trade currency pairs that include the Indian Rupee. A key reason behind this limitation is because the Indian Rupee is weak against the USD. If traders in India want to buy the USD they must do so from the Central Bank of India. Forex card with an INR Wallet Indus Forex Multi Currency Card is valid for 3 years. Upon card expiry, please cut the Indus Forex Multi Currency Card into several pieces through the magnetic strip. Please visit the nearby Indus Ind Bank branch for new card.
Multicurrency forex card in india
IMPORTANT: State Bank of India never ask for your user id / password / pin no. through phone call / SMSes / e-mails. Any such phone call / SMSes / e-mails asking you to reveal credential or One Time Password through SMS could be attempt to withdraw money from your account.NEVER share these details to anyone. State Bank of India wants you to be secure. If you come across any such instances please inform us through e-mail to the following address- Understanding IBAN Number for International Transactions The top advantages of Forex cards from MakeMyTrip, powered by BookMyForex, include the following:
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