Can I transfer money from my forex card to bank account Axis Bank? (2024)

Can I transfer money from my forex card to bank account Axis Bank?

Yes, you can transfer the residual or non-utilised balance from your Axis Bank Forex Card to your bank account. You can visit any Axis Bank branch after 10 days of your return to India, irrespective of where your card was issued. You need to fill out the refund form with a copy of your passport to initiate the process.

Can I transfer money from my forex card to my bank account?

One of the best features of a Forex Card is the ease with which you can transfer money from your Forex Card to a bank account. Forex Cards usually have a validity of three to five years. You can simply retain leftover funds for your next trip or easily transfer it back to your bank account.

How can I get my money back from Axis Bank forex card?

The Card can be encashed only after your return to India. Furthermore, the last transaction done on the card should be more than 10 days prior to the date of encashment. For refund of the residual or unutilized balances you can approach any of the branch of the Bank irrespective of where the card was issued.

How do I withdraw money from my Axis Bank forex card?

How can I use this Card to withdraw cash? You can use the Forex Card to withdraw cash from any VISA/VISA Plus / Mastercard ATMs overseas. Just insert the card, select Checking/Current Account on the screen, and follow the instructions. Enter your PIN and indicate the amount you want to withdraw in the local currency.

Can forex card be used for online transfer?

You can use your Forex Card to pay for online transactions in stores abroad. The process is similar to using a credit card online, and the advantage is you don't have to pay cross-currency charges.

Is Axis Bank forex card good?

Features and Benefits of Axis Bank Forex Cards

With a 5-year validity period the card is more suitable for people travelling different countries. It also offers exclusive dining benefits, emergency assistance services and special travel offers enabling users to enjoy lot more with just one card.

What is the cash withdrawal charges for Axis Bank forex card?

++ Cash advance are transactions where Forex card is used at branches across International Banks for doing face to face cash disbursem*nts. *Note – Cash Advance fees are reduced to 0.50% of the transaction amount or $75 or equivalent whichever is lower (wef 1st May 2021).

What is the benefits of Axis Bank forex card?

An Axis Bank MULTI-CURRENCY Forex Card is your best friend in such situations. This card allow you to load up to 16 different currencies on 1 card, offering a seamless transaction experience while making it easier to manage your budget when visiting multiple countries.

How long does it take to get a forex card from Axis Bank?

Thank you team Axis for your extraordinary support.“ Vinay appreciated the quick Turnaround: “The process was clear and simple. It only took me 5-6 minutes to apply and my card was delivered in just 4-5 working days.“

Does Axis Bank forex card have lounge access?

The Axis Forex Card benefits include cashback offers, lounge access, and global assistance services. You can also use the Axis travel card for online purchases, and it comes with complimentary insurance coverage. When it comes to security, it offers secure and encrypted transactions.

Can I withdraw dollars from forex card?

You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM. With a forex card in your wallet, you need not carry wads of cash on your sight-seeing trips in a new country.

Can I withdraw money from Axis Bank forex card in India?

Your card is valid worldwide for usage (except India, Nepal and Bhutan). All your transactions (purchase as well as cash withdrawals) overseas must be made in strict accordance with the Exchange Control Regulations of Reserve Bank of India prevailing from time to time.

Can we withdraw money from a forex card in India?

It allows you to withdraw cash from VISA/VISA Plus / Mastercard ATMs worldwide and is occasionally also required at the time of transactions. This PIN can be changed (only) at an Axis Bank ATM in India.

Which bank in India is best for forex card?

The SBI Bank Forex Card is a secure and convenient way to carry currency while traveling abroad. Designed to meet the needs of frequent travelers, it offers various features and benefits that make it an ideal choice for managing foreign currency transactions.

What are the disadvantages of forex cards?

Explore the drawbacks of using forex cards, including hidden fees, limited acceptance, exchange rate fluctuations, and potential loss or theft risks, to make informed decisions for your international travels. Forex cards, a popular choice among international travellers, are lauded for their convenience and security.

Can I use a forex card for online transactions in India?

Can I use my Forex Card in India? No, you cannot use it in India, Nepal or Bhutan. The Forex Card is intended only to be used during your travels abroad. To apply for the HDFC Bank ForexPlus Card, you can click here.

Which forex card is better SBI or Axis Bank?

SBI and AXIS forex card both are good, what differs in both is their benefits. But apart from these 2 banks HDFC forex card is also one of the best options. It has many more benefits as a traveller and also if you a student.

Is forex card cheaper than debit card?

You typically end up paying a markup fee between 2.5% and 3.5% on transactions executed abroad when using your Debit or Credit Card. However, there is no such fee levied on your Forex Card. Hence, this is a cost-effective financial tool for foreign trips, or even a longer stay such as studying abroad.

Is it cheaper to use forex card or credit card?

A credit card often involves an annual fee and may even charge additional fees for international usage. A forex card, although may carry an issuance fee, can be a more cost-effective choice, especially for frequent international travellers who can benefit from reduced transaction fees.

What is the maximum cash withdrawal from Axis Bank?

For example, Axis Bank sets a daily ATM withdrawal limit that ranges from ₹20,000 to ₹50,000, depending on the account type and customer profile. These limits can vary for transactions at different ATM branches, with certain premium accounts offering higher withdrawal capabilities.

Is forex card safe?

While cash is definitely the least safe option, Forex cards are the safest one. Forex cards are not linked to your bank account, unlike Debit cards. You can also choose an expense limit for Forex card but can't do the same for Debit card.

Which forex card has no cross currency charges?

One such platform that is known for its zero forex charges is Fi Money. The Fi-Federal co-branded debit card offers you several features, including zero Forex charges on select plans, the ability to make contactless payments using the 'Tap and Pay' feature, and transaction limits that you can set from the app.

Can I use someone else's forex card?

Forex cards can be used on behalf of others only if you have the beneficiary's written consent. In the case of your father, it is a good idea to get him to sign a Power of Attorney for you to use his forex card in case of emergency. “Events, circ*mstances, and experiences arise and pass away.

Which forex card has zero markup fee?

What is Niyo Global zero forex markup card? The Niyo Global international Debit and Credit Card with zero forex charges are designed to help Indian travellers transact in foreign currency conveniently and securely at no extra charges.

Is forex card useful in USA?

Forex cards offer a safe and secure way of making payments overseas and have security features associated with a credit card. Forex cards are widely accepted, saving you the hassle of finding an ATM or another payment method as soon as you land in the U.S.