HDFC Forex cards are a popular choice among travelers as they offer a convenient and secure way to carry foreign currency. These cards can be used to withdraw cash from ATMs, make purchases at merchant establishments, and even make online transactions. However, one of the most common questions that travelers have is how long it will take for the amount to get credited to their HDFC Forex card. In this article, we will delve into the details of the process and the factors that determine the time taken for the amount to get credited.
The time taken for the amount to get credited to an HDFC Forex card depends on a variety of factors, including the mode of payment, the type of transaction, and the currency involved. Let’s take a look at each of these factors in detail.
Mode of Payment:
The mode of payment is one of the most important factors that determine the time taken for the amount to get credited to an HDFC Forex card. There are two modes of payment: wire transfer and online transfer.
Wire Transfer: If you choose to transfer the amount to your HDFC Forex card through wire transfer, it may take anywhere from 3 to 5 business days for the amount to get credited. This is because wire transfer involves a manual process of transferring funds from one bank account to another, and it takes time for the banks to process the transaction.
Online Transfer: On the other hand, if you choose to transfer the amount to your HDFC Forex card through online transfer, the amount will usually get credited within 24 hours. Online transfer is a faster and more convenient mode of payment as it involves transferring funds electronically from one bank account to another.
Type of Transaction:
The type of transaction also plays a crucial role in determining the time taken for the amount to get credited to an HDFC Forex card. There are two types of transactions: cash withdrawal and card swiping.
Cash Withdrawal: If you withdraw cash from an ATM using your HDFC Forex card, the amount will usually get credited to your card immediately. However, some ATMs may take longer to process the transaction, and in such cases, it may take up to 24 hours for the amount to get credited.
Card Swiping: If you make a purchase at a merchant establishment using your HDFC Forex card, the amount will usually get credited to your card within 24 hours. However, in some cases, it may take longer for the merchant to process the transaction, and in such cases, it may take up to 48 hours for the amount to get credited.
Currency Involved:
The currency involved is another important factor that determines the time taken for the amount to get credited to an HDFC Forex card. If the transaction involves a currency other than the base currency of the card, the time taken for the amount to get credited may vary.
For instance, if you have an HDFC Forex card loaded with USD and you make a transaction in EUR, the time taken for the amount to get credited may be longer as the bank needs to convert the amount from EUR to USD before crediting it to your card. In such cases, it may take up to 48 hours for the amount to get credited.
In conclusion, the time taken for the amount to get credited to an HDFC Forex card depends on various factors, including the mode of payment, the type of transaction, and the currency involved. While some transactions may get credited immediately, others may take up to 48 hours. It is always advisable to plan your transactions in advance and keep some buffer time to ensure that you have enough funds on your card for your travel needs.
