Axis Bank is one of the leading private banks in India, offering a range of financial products and services, including foreign exchange services. Axis Bank Forex Card is a popular product among international travelers, as it allows them to carry foreign currency in the form of a prepaid card. The Forex Card can be loaded with multiple currencies and can be used to withdraw cash from ATMs or make payments at POS terminals. One of the most common questions asked by Forex Card users is how long it takes for the money to get deposited in the card. In this article, we will discuss this topic in detail.
Axis Bank Forex Card Deposit Time
The time it takes for the money to get deposited in the Axis Bank Forex Card depends on the mode of payment and the time of day the payment is made. Here are the different modes of payment and the time it takes for the money to get deposited:
1. Online Fund Transfer: If you transfer funds online from your bank account to your Axis Bank Forex Card, the money will be credited to your card within 24 business hours. However, this timeline is subject to the cut-off time of the bank from where you transfer funds. If you transfer funds after the cut-off time, the money will be credited to your card the next business day.
2. Cash Deposit: If you deposit cash at an Axis Bank branch or partner location, the money will be credited to your card within 24 business hours. However, this timeline is subject to the cut-off time of the bank or partner location. If you deposit cash after the cut-off time, the money will be credited to your card the next business day.
3. Cheque Deposit: If you deposit a cheque at an Axis Bank branch, the money will be credited to your card within 3 business days. However, this timeline is subject to the cheque clearing process, which can take up to 3 business days.
4. Credit Card Payment: If you make a payment using your credit card, the money will be credited to your card within 24 business hours. However, this timeline is subject to the cut-off time of the bank from where you make the payment. If you make the payment after the cut-off time, the money will be credited to your card the next business day.
It is important to note that the timings mentioned above are indicative and subject to change based on various factors, including the mode of payment, the bank’s processing time, and the time of day the payment is made. Therefore, it is advisable to check with Axis Bank or the partner location before making a payment to ensure that the money gets credited to your Forex Card on time.
Conclusion
In conclusion, the time it takes for the money to get deposited in the Axis Bank Forex Card depends on the mode of payment and the time of day the payment is made. Online fund transfer and cash deposit are the fastest modes of payment, with the money getting credited to the card within 24 business hours. Cheque deposit takes up to 3 business days, while credit card payment takes up to 24 business hours. It is advisable to check with Axis Bank or the partner location before making a payment to ensure that the money gets credited to your Forex Card on time.
