Axis Bank is one of the leading banks in India that offers a range of services, including foreign currency exchange. The Axis Bank Forex card is a popular choice among travelers, as it provides a hassle-free way to carry foreign currency while traveling abroad. However, the daily withdrawal limit on the card can be a limiting factor. In this article, we will discuss how to increase the daily withdrawal limit of Axis Bank Forex card.
Understanding the Daily Withdrawal Limit
The daily withdrawal limit is the maximum amount of cash that can be withdrawn from an ATM using the Axis Bank Forex card in a single day. The limit is set by the bank and is based on various factors, such as the type of card, the account balance, and the cardholder’s credit history.
The daily withdrawal limit for Axis Bank Forex card is set at INR 1,00,000. This limit is sufficient for most travelers, as it allows them to withdraw enough cash to meet their daily expenses. However, in some cases, the limit may not be enough, especially if the traveler is on a long trip or needs to make a large payment.
Increasing the Daily Withdrawal Limit
If you need to increase the daily withdrawal limit of your Axis Bank Forex card, here are the steps you need to follow:
Step 1: Contact the Bank
The first step is to contact the bank and request an increase in the daily withdrawal limit. You can do this by visiting the nearest Axis Bank branch or by calling the customer care number of the bank.
Step 2: Provide the Required Information
The bank will ask for certain information to verify your identity and eligibility for an increase in the daily withdrawal limit. You will need to provide your Forex card details, your name, address, and other relevant information.
Step 3: Submit the Documents
The bank may ask you to submit certain documents to support your request for an increase in the daily withdrawal limit. These documents may include your passport, visa, air ticket, and other relevant documents.
Step 4: Wait for Approval
Once you have submitted the required documents and information, the bank will review your request and determine whether to approve or reject it. If your request is approved, the bank will inform you of the new daily withdrawal limit.
Things to Keep in Mind
Here are some important things to keep in mind when requesting an increase in the daily withdrawal limit of your Axis Bank Forex card:
1. Eligibility Criteria: The bank may have certain eligibility criteria that you must meet to be eligible for an increase in the daily withdrawal limit. For example, you may need to have a certain minimum balance in your account or a good credit history.
2. Processing Time: The processing time for the request may vary depending on the bank’s policies and procedures. It is important to keep this in mind when planning your trip.
3. Additional Charges: The bank may charge an additional fee for an increase in the daily withdrawal limit. You should check with the bank about any additional charges before making the request.
4. Safety Measures: It is important to take safety measures when carrying large amounts of cash. You should keep the cash in a safe place and avoid carrying it all at once.
Conclusion
Increasing the daily withdrawal limit of your Axis Bank Forex card can provide you with more flexibility and convenience while traveling abroad. However, it is important to follow the proper procedures and guidelines set by the bank to ensure that the process is smooth and hassle-free. By keeping the above points in mind, you can easily increase the daily withdrawal limit of your Axis Bank Forex card and enjoy your travels without any worries.
