Axis Bank is one of the leading banks in India that offers a range of financial products and services. The bank provides a seamless and secure way to transfer money from an Axis bank account to a forex card. A forex card is a prepaid travel card that can be loaded with multiple currencies and used for cash withdrawals and transactions abroad. In this article, we will discuss how to transfer money from an Axis bank account to a forex card.
Before we dive into the process, it is important to note that there are two types of forex cards available – single currency forex card and multi-currency forex card. A single currency forex card can only be loaded with one currency, whereas a multi-currency forex card can be loaded with multiple currencies. The process of transferring money from an Axis bank account to these cards is the same.
Step 1: Login to Axis Bank Internet Banking
The first step to transfer money from an Axis bank account to a forex card is to log in to the Axis Bank Internet Banking portal. You can do this by visiting the bank’s website and clicking on the ‘Login’ button on the top right corner of the page. Enter your login credentials, i.e., your user ID and password to access your account.
Step 2: Add the Forex Card as a Beneficiary
Once you have logged in, you need to add the forex card as a beneficiary to your account. To do this, click on the ‘Payments & Transfer’ option from the menu on the left-hand side of the page. Select the ‘Manage Beneficiary’ option and click on ‘Add New Beneficiary.’ Enter the details of the forex card, such as the card number, name, and address. Make sure you double-check the details before submitting the information.
Step 3: Initiate the Transfer
After adding the forex card as a beneficiary, you can initiate the transfer. Click on the ‘Payments & Transfer’ option again and select the ‘Transfer Funds’ option. Choose the forex card from the list of beneficiaries and enter the amount you wish to transfer. You may also select the currency you want to transfer in case of a multi-currency forex card. Review the details and click on ‘Submit.’
Step 4: Confirm the Transfer
Once you submit the transfer request, you will be asked to confirm the details. Verify the information and click on ‘Confirm’ to proceed. You may be asked to enter an OTP (One-Time Password) sent to your registered mobile number to complete the transaction.
Step 5: Receive Confirmation
After the transaction is complete, you will receive a confirmation message on your registered mobile number and email address. The funds should reflect in your forex card account within a few hours or the next working day, depending on the time of the transfer.
In conclusion, transferring money from an Axis bank account to a forex card is a quick and easy process that can be done through the bank’s internet banking portal. By following the steps mentioned above, you can transfer funds to your forex card securely and efficiently. It is important to note that the bank may charge a nominal fee for the transaction, so it is advisable to check the fees and charges before initiating the transfer. Happy travelling!
