- Most recommended form of carrying currency
- Available at better exchange rates
- 80% - 90% of forex in card is economical
- Cards are pin protected
- Fully replaceable if the card is lost or stolen
Carrying foreign currency is most risky so it is recommended to carry only a very small amount of cash currency when traveling abroad. But you need to carry some because your cards may not be accepted at some places like shopping on streets or for street food, etc.
Indians travelling abroad can now carry $3,000 worth foreign exchange in cash. If travellers want to carry more currency, then the balance amount can be taken in the form of Forex Card or Travellers Cheque. You can withdraw foreign currency notes using your Forex Card at ATMs abroad at minimal transaction fees.
International wire transfer or money transfer is the best and most convenient way to transfer money abroad. It is an electronic mode of transferring money from one bank to another where money from the bank is transferred to your beneficiary's bank account using a network such as SWIFT.
The funds are available within one or two days after the transfer is processed and the acknowledgement of wire transfer can be received in the form of SWIFT copy which is provided by the bank after 24 hours.
When you apply for a forex card from a bank, financial institution or travel agency you have to submit the photocopies of the following documents:
Based on the card issuer, type of forex card being applied for and the amount being loaded onto the card there could be other documents that need to be furnished.
Get discounted rates when you transfer money from India for your tution fees and living expenses aboard.
Contact us for further information on how to redeem this offer.