A forex card is a prepaid card that allows you to make transactions in foreign currencies while traveling abroad. It is a convenient way to carry money while traveling as you do not have to worry about carrying cash or exchanging currency. In India, forex cards are available from various banks and forex dealers. In this article, we will explain how to get a forex card in India.
Step 1: Select a bank or forex dealer
The first step to getting a forex card in India is to select a bank or forex dealer. There are several banks in India that offer forex cards, such as HDFC Bank, ICICI Bank, Axis Bank, and State Bank of India. You can also get a forex card from forex dealers such as Thomas Cook and Centrum. It is important to compare the features and benefits of different forex cards before selecting one.
Step 2: Check the eligibility criteria
Once you have selected a bank or forex dealer, you need to check the eligibility criteria for getting a forex card. The eligibility criteria may vary from bank to bank and may include factors such as age, income, and credit score. You need to ensure that you meet the eligibility criteria before applying for a forex card.
Step 3: Fill the application form
The next step is to fill the application form for the forex card. You can either fill the form online or visit the bank or forex dealer’s branch to fill the form. You need to provide your personal details such as name, address, and contact information, as well as your passport and visa details.
Step 4: Submit the required documents
After filling the application form, you need to submit the required documents to the bank or forex dealer. The required documents may include your passport, visa, PAN card, and proof of address. You may also need to submit an identity proof such as Aadhaar card or driving license.
Step 5: Make the payment
Once you have submitted the required documents, you need to make the payment for the forex card. The payment can be made through net banking, debit card, or credit card. The amount of payment may vary depending on the forex card and the bank or forex dealer.
Step 6: Activate the card
After making the payment, you need to activate the forex card. The activation process may vary depending on the bank or forex dealer. You may need to call the customer care or visit the bank or forex dealer’s branch to activate the card.
Step 7: Load the card
Once the card is activated, you need to load the card with the desired amount of foreign currency. You can do this through net banking or by visiting the bank or forex dealer’s branch. The amount of foreign currency that can be loaded on the card may vary depending on the forex card and the bank or forex dealer.
Conclusion
Getting a forex card in India is a simple process that involves selecting a bank or forex dealer, checking the eligibility criteria, filling the application form, submitting the required documents, making the payment, activating the card, and loading the card with foreign currency. It is important to compare the features and benefits of different forex cards before selecting one. A forex card is a convenient way to carry money while traveling abroad and can help you save money on currency exchange fees.
