Axis Forex Card is a prepaid foreign currency card that allows the user to load multiple currencies on a single card. It provides the convenience of carrying foreign currency in a card instead of carrying cash while traveling. The card can be used to withdraw cash from ATMs, make purchases at merchant outlets, and to make online transactions.
Many users of Axis Forex Card wonder whether they can transfer money from their card to their bank account. The answer is yes, it is possible to transfer money from an Axis Forex Card to a bank account. However, there are certain conditions and procedures that need to be followed to do so.
Here are the steps to transfer money from Axis Forex Card to a bank account:
Step 1: Login to the Axis Forex Card internet banking portal.
Step 2: Click on the ‘My Account’ tab and select the ‘Transfer Funds’ option.
Step 3: Select the currency and the amount that you want to transfer.
Step 4: Enter the details of the bank account where you want to transfer the money. This includes the account number, IFSC code, and the name of the bank.
Step 5: Confirm the details and click on ‘Submit’.
Once you have submitted the transfer request, the money will be credited to your bank account within 24 hours. However, it is important to note that there are certain charges associated with the transfer of funds from Axis Forex Card to a bank account. These charges vary based on the amount of money being transferred and the currency conversion rates.
To know the exact charges, it is advisable to check with the Axis Bank customer care or visit the nearest Axis Bank branch. It is also important to keep in mind that there may be a minimum and maximum limit on the amount of money that can be transferred from the Forex card to the bank account.
Another important factor to consider is the validity of the Axis Forex Card. The card has an expiry date and cannot be used after that date. Therefore, it is important to transfer the remaining balance on the card to the bank account before the expiry date to avoid any loss of funds.
To check the validity of the Axis Forex Card, users can log in to the Axis Forex Card internet banking portal and check the ‘Card Details’ section. This section provides information about the card’s validity, the available balance, and the transaction history.
In conclusion, transferring money from an Axis Forex Card to a bank account is a straightforward process. However, users need to be aware of the charges, the minimum and maximum limit for transferring funds, and the validity of the card. By keeping these factors in mind and following the correct procedure, users can easily transfer their funds from the Forex card to their bank account.
