HDFC Bank Forex Card and Expired Forex Card with Funds: What to do?
HDFC Bank is one of the leading banks in India that offers various financial products and services to its customers. One of the most popular products offered by HDFC Bank is the Forex Card. HDFC Bank Forex Card is a prepaid card that can be used for various purposes such as travel, shopping, and online transactions. The Forex Card is available in multiple currencies such as USD, EUR, GBP, and JPY. However, there are instances when the Forex Card expires with funds, leaving the cardholder in a state of confusion about what to do next. This article will explain HDFC Bank Forex Card and expired Forex Card with funds and what to do in such a situation.
HDFC Bank Forex Card
HDFC Bank Forex Card is a prepaid card that can be used for various purposes such as travel, shopping, and online transactions. The card is available in multiple currencies such as USD, EUR, GBP, and JPY. The cardholder can load the card with the desired amount of funds depending on their requirements. The Forex Card can be used for cash withdrawals at ATMs and for making payments at merchant establishments. The cardholder can also check the balance and transaction history online.
The Forex Card is a convenient and safe way to carry money while traveling abroad. It eliminates the need to carry cash and reduces the risk of theft or loss. The cardholder can also enjoy attractive exchange rates and discounts on various travel-related services such as hotel bookings and air tickets.
Expired Forex Card with Funds
An expired Forex Card with funds is a situation where the card has reached its expiry date, but there are still funds available on the card. In such a situation, the cardholder is not able to use the card for any transactions, and the funds are inaccessible. This situation can be frustrating for the cardholder, as they are not able to access their funds despite having them on the card.
What to do?
If you have an expired Forex Card with funds, there are a few options available to you. The first option is to renew the card. HDFC Bank Forex Card comes with a validity period of 5 years. The cardholder can renew the card before the expiry date to avoid any inconvenience. The renewal process involves filling up a form and submitting it along with the required documents. The renewed card will have the same balance and currency as the old card.
The second option is to transfer the funds to a new Forex Card. HDFC Bank allows the cardholder to transfer the funds from an expired card to a new card. The cardholder can apply for a new Forex Card and provide the details of the old card. HDFC Bank will transfer the funds from the old card to the new card. This option is useful when the cardholder wants to continue using the Forex Card for their financial transactions.
The third option is to encash the funds. If the cardholder does not want to renew the card or transfer the funds to a new card, they can encash the funds. The cardholder can visit the nearest HDFC Bank branch and submit a request for encashment. The bank will verify the cardholder’s identity and process the request. The funds will be transferred to the cardholder’s bank account.
Conclusion
HDFC Bank Forex Card is a convenient and safe way to carry money while traveling abroad. However, an expired Forex Card with funds can be a frustrating situation for the cardholder. In such a situation, the cardholder can opt for renewal, transfer of funds, or encashment. It is advisable to renew the card before the expiry date to avoid any inconvenience. HDFC Bank offers excellent customer support and assistance to its customers, and the cardholder can contact the bank’s customer care for any queries or assistance.
