Forex cards have become increasingly popular among travelers as they offer a secure and convenient way to carry foreign currency while traveling abroad. Axis Bank, one of the leading banks in India, offers forex cards that are widely used by travelers. Many people who plan to use a forex card for their travels often wonder about the time it takes for the money to deposit in the card. In this article, we will explore the process and time taken for money to deposit in Axis Bank forex cards.
Axis Bank offers forex cards in various currencies such as US Dollars, Euros, British Pounds, Australian Dollars, Canadian Dollars, Swiss Francs, and Singapore Dollars. The bank provides two types of forex cards – Multi-Currency Forex Card and Single Currency Forex Card. The Multi-Currency Forex Card allows the holder to load up to 16 currencies in a single card, whereas the Single Currency Forex Card allows loading of only one currency. Both types of cards can be used for cash withdrawals, online transactions, and point-of-sale transactions.
To load money in an Axis Bank forex card, one can use online banking, mobile banking, or by visiting the nearest Axis Bank branch. The process of loading money is simple and can be completed within a few minutes. Once the money is loaded, the cardholder can start using the card for transactions.
The time taken for money to deposit in an Axis Bank forex card depends on the mode of loading. If the money is loaded through online banking or mobile banking, it usually takes around 4-5 hours for the money to reflect in the card. However, if the money is loaded by visiting the nearest Axis Bank branch, it can take up to 24-48 hours for the money to deposit in the card. This is because the bank needs to verify the transaction and load the money manually.
It is important to note that the time taken for money to deposit in the forex card also depends on the time of the day the transaction is initiated. If the transaction is initiated during non-working hours or on a holiday, it may take longer for the money to deposit in the card.
Axis Bank also offers an emergency reload facility for forex cards, which enables the cardholder to reload the card even if they are abroad. This facility is useful in case of an emergency where the cardholder runs out of money while traveling. The emergency reload facility is available for both Multi-Currency and Single Currency Forex Cards.
In conclusion, the time taken for money to deposit in an Axis Bank forex card depends on the mode of loading and the time of the day the transaction is initiated. If the money is loaded through online banking or mobile banking, it usually takes around 4-5 hours for the money to reflect in the card. However, if the money is loaded by visiting the nearest Axis Bank branch, it can take up to 24-48 hours for the money to deposit in the card. It is always advisable to load money in the forex card well in advance to avoid any inconvenience while traveling abroad.
