Forex

We are associated with many authorized dealers in Pune for distributing forex cards to the travelling Indians (Tourist, Student, Work etc)

The rates are very competitive in terms of card fees. We deal in Multicurrency cards which are very useful for the overseas travellers.

We sale card for

  1. ICICI Bank Ltd
  2. Axis Bank Ltd

We sale cards without any charges with the replacement cards for ICICI Bank Ltd.

We also help client for transferring the fund overseas through wire Transfer with competitive exchange rate through different bank channels.

FOREX CARD

ICICI Bank Travel Card

Introduction

The power-packed ICICI Bank Travel Card is the perfect travel companion for all your international trips. It is a smart, cost effective, convenient and secure alternative to carry foreign currency while travelling abroad. It offers instant loading and activation, enabling you to start using the card immediately after purchase for your international flight and hotel bookings

ICICI Bank Travel Card comes with an absolutely free Replacement Card that can be activated instantly in case of loss/ theft/ damage of the Primary Card. Besides protecting you from currency rate fluctuations, the card offers you great discounts at merchant outlets across the globe for your dining, shopping, stay and other expenses. It also provides many additional benefits including Comprehensive Travel Insurance, emergency travel assistance and zero lost card liability.

Features and Benefits of ICICI Bank Travel Card

  • Buy/Reload/Refund Travel Card online
  • Instant Wallet to Wallet fund transfer
  • Real-time account management
  • Superior security
  • Free Replacement Card in the kit
  • Ease of usage at every corner of world
  • Amazing offers & discounts at merchant outlets
  • Duty-Free shopping at Indian airports
  • Free Comprehensive Travel Insurance
  • Emergency Travel Assistance

Most Important Features of Travel card

Free Replacement Card in the kit

Your ICICI Bank Multicurrency Travel Card kit comes with a free Replacement Card along with the Primary Card. If you happen to lose/ damage the Primary Card, you can easily activate the Replacement Card.

Simply call up ICICI Bank Customer Care or the 24X7 International toll-free numbers to activate and transfer the balance on the Secondary Card. The ATM/ POS PIN is already available in the Travel Card Kit. In case you have forgotten or misplaced your PIN, it can be generated through Self-Care portal or by calling Customer Care.

Wallet to Wallet Transfer on Multicurrency Travel Card

Unsure of the amount to be loaded in each currency wallet while travelling to different countries? No need to worry anymore. Now transfer funds easily and instantly from one currency wallet to another by logging into Self Care Portal.

Duty Free shopping at Indian airports

While returning from an international trip, use the balance currency on your Travel Card at Duty Free stores to grab those last-minute souvenirs for your loved ones. This facility is enabled across all Indian airports.

Multicurrency Travel Card

ICICI Bank Multicurrency Travel Card is an ideal solution for frequent international travellers visiting multiple destinations. You can carry up to 15 currencies on a single card - USD, GBP, EUR, CAD, AUD, SGD, AED, CHF, JPY, SEK, ZAR, SAR, THB, NZD, HKD.

The card is enabled with a smart technology to automatically choose the currency wallet as per the local currency of transaction from the multiple available wallets on the card. Moreover, in case of insufficient balance in the wallet of transaction currency, the amount will be debited from the highest order wallet with sufficient balance.

Axis Bank Travel Card

Features and Benefits

Enjoy a hassle-free journey abroad with our Forex Card

The Forex Card is designed exclusively for customers who travel extensively across the globe. It is a unique product with multiple currencies loaded on the same card, thus eliminating the need to carry multiple cards for different destinations. The card, which is available on the VISA platform, also comes with exclusive dining privileges and the added benefit of Trip Assist - an emergency assistance in case of loss/theft of your card.

The Forex Card comes in a variety of options:

Contactless Forex Card

Powered by Visa’s payWave technology, the Forex Card will allow you to pay by simply ‘waving’ your card. With a secure, contactless CHIP technology, you will spend less time at the cash counter, thereby giving you the freedom to explore the destination to the fullest.

Image Forex Card

You can also design your own Forex Card with a personalised image of your choice or one from the unique designs available in the Image gallery. Capture the destinations you love, or relive memories from your favourite holidays, it’s all up to you!

What makes the Forex Card your perfect travel Partner?

A single card for multiple destinations

Load up to 16 currencies on a single card, and enjoy a hassle-free journey around the globe. Moreover, with just one card, you can use a single ATM PIN to access your account online or withdraw funds. Currencies available: USD( United States Dollars), EUR(Euro), GBP( Great Britian Pounds), SGD( Singapore Dollars), AUD(Australian Dollars), CAD(Canadian Dollars), JPY( Japanese Yen), CHF( Swiss Frank), SEK( Swedish Krona), THB (Thai Baht), AED( UAE Dirham), SAR (Saudi Riyal), HKD( Hongkong Dollars), NZD( Newzealand Dollars), DKK ( Danish Kroner) and ZAR ( South African Rand)..

Stay protected from currency fluctuations

With locked-in exchange rates, you won’t be paying cross-currency charges and will make your payments abroad at the rate you loaded/reloaded your card.

Validity of the Forex Card

The validity of the Forex Card is as mentioned on the card, during which you can reload it and use it for multiple trips.

Emergency assistance with TripAssist

In case of loss/theft of your Forex Card or wallet/baggage, you can get assistance with just one call! With TripAssist, you can:

  • Block the Forex Card
  • Get emergency cash to pay hotel bills and/or for return flights
  • Get assistance on lost passport
  • Get emergency cash delivery

24x7 access to your funds

Swipe your card at over 30 million Visa merchant outlets and 1,000 e-commerce websites, or withdraw funds from 1 million plus VISA ATMs.

Insurance coverage

The insurance that comes with your card covers:

  • Lost/stolen/counterfeit cards up to Rs.1,50,000. ATM Withdrawal in case of lost or stolen card is not covered under the current policy.
  • ATM assault and robbery up to Rs.60,000, including the expenses incurred towards medical treatment (Please note: An FIR is mandatory for ATM assault and robbery claim)

Global Customer Assistance across the globe

Replace a lost card, or get emergency cash delivered while you are travelling overseas. Simply call Visa’s Global Customer Assistance Services to avail these services.

Notification alerts

Register your international mobile number and e-mail address to get instant alerts for every transaction.

Encash your funds once you return

Choose your option refill or refund or transfer to a dollar account. When you return from your trip, you can choose to

  • Get your balance on the card encashed
  • Transfer it to a Resident Foreign Currency Domestic Account
  • Let the balance on your Card(upto $2000 as per RBI Regulation) remain so that you can use it for any future trips
  • Avail of our exclusive offers to shop online at various outlets

Documents required while purchasing/reloading the Multi-Currency Forex Card:

Submit a copy of the following documents along with the application form.

Sr. Document At the time of Purchase At the time of Reload
1. Passport Copy      Mandatory Already Available - Not Required
2. Application Form      Mandatory
  • Incase of reload through Branch, Reload Form is Mandatory
  • Incase of reload through Mobile App & Internet banking Reload form is not required
3. Visa                     Mandatory Same trip not required
4. Airline Ticket     Mandatory Compulsory in case of next trip Same trip not required
5. PAN Card      Mandatory Required if not provided earlier
6. Aadhaar Card      Mandatory Required

WIRE TRANSFER

Features and Benefits

International Fund Transfer

Axis Bank offers International Fund Transfer to any bank account abroad. We have arrangements with major banks across the globe for Fund Transfers through the SWIFT mode, which ensures secure and safe remittance to any place of your choice.

Fund Transfer through Axis Bank Branch

Axis bank extensive branch network in India gives you the reach to most parts of the world. Just walk into any Axis Bank Branch and fill in the requisite documentation and request for your International Fund transfer permitted under the various purposes listed under Master Circular No. 06/2012-13 dt. 02-07-2012 released by RBI. Visit any nearest Axis Bank branch between 9:30 a.m. to 4 p.m.

Now use the easy to fill electronic application form at ease instead of physical Application Form A2, generate the Web reference number, take a print of PDF file and submit the digitally filled form along with underlying documents (KYCs). To use Digital Application Form A2 for outward remittance.

International Fund transfer through branch is available in 16 currencies - United States Dollars (USD), Great Britain Pounds (GBP), EURO (EUR), Australian Dollars (AUD), Canadian dollars (CAD), Hong Kong Dollars (HKD), Swiss Francs (CHF), Singapore Dollars (SGD), Saudi Riyal (SAR), UAE Dirham (AED), Japanese Yen (JPY), Swedish kroner (SEK), New Zealand Dollar (NZD), Danish Kroner (DKK), Thai Baht (THB) & South African Rand (ZAR)

FOREX GUIDELINES

Liberalised Remittance Scheme

The following purposes of remittance have been subsumed under the Liberalised Remittance Scheme for a limit of USD 250,000 per Financial Year.

  • Private visits to any country except Nepal and Bhutan
  • Gifts or Donations
  • Employment abroad
  • Emigration
  • Family Maintenance
  • Travel for business, conference, etc.
  • Medical Expenses
  • Studies abroad
  • Any other current account transaction

Check scheme highlights

  • This scheme is applicable for all Resident Individuals including minors
  • It is mandatory for all Resident Individuals to register their PAN with the bank for successful Outward Remittance transactions
  • Remittances under the scheme can be consolidated in respect of family members subject to individual family members complying with its terms and conditions
  • Remittances under the scheme are allowed only in respect of permissible current or capital account or a combination of both
  • Resident Individuals are free to acquire and hold shares or debt instruments or any other asset including immovable property outside India without prior approval from RBI
  • This limit is also applicable for Current Account transactions available to Resident Individuals
  • Remittances under the scheme can be used for purchasing objects of art subject to the provisions of other applicable laws
  • The scheme can also be used for Remittance as Funds for acquisition of ESOPS
  • A resident individual can also invest in Mutual Funds, Capital Funds, unrated debt securities, promissory notes etc. under this scheme. He can also invest in securities out of the bank account opened abroad under the same
  • This scheme also includes repayment of loans that has been availed abroad while as a non-resident upon return to India under this scheme
  • The scheme can be used for Outward Remittance in the form of a Demand Draft in the resident individual’s own name or in the name of the beneficiary with whom he intends putting through the permissible transactions at the time of private visit abroad, against self-declaration of the remitter in the prescribed format
  • With effect from August 2013, this scheme can be used by Resident individuals to set up Joint Ventures or wholly owned subsidiaries outside India for bonafides business activities subject to applicable laws
  • Individuals can open, maintain and hold foreign currency accounts with a bank outside India for making remittances under the scheme without prior approval from RBI
  • This scheme is not available for capital account remittances to countries identified by Financial Action Task force
  • Investor who has remitted funds under LRS can retain and reinvest the income earned on the investments
  • Resident Individual can also lend to a Non-Resident/Person of Indian Origin/Close Relatives upon filling certain conditions

FAQ

How much foreign exchange can one buy when traveling abroad on private visits to a country outside India?

For private visits abroad, other than to Nepal and Bhutan, any resident can obtain foreign exchange up to an aggregate amount of USD 2,50,000, from an Authorised Dealer or FFMC, in any one financial year, irrespective of the number of visits undertaken during the year. This limit has been subsumed under the Liberalised Remittance Scheme w.e.f. May 26, 2015. If an individual has already remitted any amount under the Liberalised Remittance Scheme in a financial year, then the applicable limit for travelling purpose for such individual would be reduced from USD 250,000 by the amount so remitted.

The resident individuals shall have to fill Form A2 and ‘Application cum declaration for purchase of foreign exchange under LRS of USD 250,000’ while availing foreign exchange for travelling purposes from AD banks and FFMCs.

No foreign exchange is available for visit to Nepal and/or Bhutan for any purpose. A resident Indian is allowed to take INR of denomination of Rs.100 or lesser denomination, to Nepal and Bhutan, without any limits. For denominations of Rs 500 and Rs1,000, the limit is Rs 25,000.

Further, all tour related expenses including cost of rail/road/water transportation charges outside India and remittances relating towards cost of Euro Rail; passes/tickets, etc. for Indian travellers, and overseas hotel/flight charges have been subsumed under the new enhanced limit of USD 250,000. The tour operator can collect this amount either in INR or in FCY.

How much foreign exchange can a person resident in India remit towards maintenance of close relatives abroad?

A person resident in India can remit up-to USD 250,000 per financial year towards maintenance of close relative (‘relative’ as defined in section 6 of the Companies Act, 1956) abroad. This limit has been subsumed under the Liberalised Remittance Scheme w.e.f. May 26, 2015. If an individual remit any amount under the Liberalised Remittance Scheme in a financial year, then the applicable limit for such individual would be reduced from USD 250,000 by the amount so remitted.

How much foreign currency can be carried in cash for travel abroad?

Travellers going to all countries other than (a) and (b) below are allowed to purchase foreign currency notes / coins only up to USD 3000 per visit. Balance amount can be carried in the form of travellers cheque or banker’s draft. Exceptions to this are (a) travellers proceeding to Iraq and Libya who can draw foreign exchange in the form of foreign currency notes and coins not exceeding USD 5000 or its equivalent per visit; (b) travellers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States who can draw entire foreign exchange (up-to USD 250, 000) in the form of foreign currency notes or coins. For travellers proceeding for Haj/ Umrah pilgrimage, full amount of BTQ entitlement

How much foreign exchange is available to a person going abroad on emigration?

A person going abroad on emigration can draw foreign exchange from AD Category I bank and AD Category II up to the amount prescribed by the country of emigration or USD 250,000. This amount is only to meet the incidental expenses in the country of emigration. Further, this remittance is not for undertaking any capital account transactions such as overseas investment in government bonds; land; commercial enterprise; etc. No amount of foreign exchange can be remitted outside India to become eligible or for earning points or credits for immigration.

How much foreign exchange is available for a business trip?

For business trips to foreign countries, resident individuals/ individuals having proprietorship firms can avail of foreign exchange up to USD 2,50,000 in a financial year irrespective of the number of visits undertaken during the year. This limit has been subsumed under the Liberalised Remittance Scheme w.e.f. May 26, 2015.

Visits in connection with attending of an international conference, seminar, specialised training, apprentice training, etc., are treated as business visits. Release of foreign exchange exceeding USD 2,50,000 for business travel abroad, irrespective of the period of stay, by residents require prior permission from the Reserve Bank.

However, if an employee is being deputed by a company and the expenses are borne by the company, then such expenses shall be treated as residual current account transactions and may be permitted by the AD bank, without any limit, subject to verifying the bona-fides of the transaction.

Is there any category of visit which requires prior approval from the Reserve Bank or the Government of India?

Dance troupes, artistes, etc., who wish to undertake cultural tours abroad, should obtain prior approval from the Ministry of Human Resources Development (Department of Education and Culture), Government of India, New Delhi.

How many days in advance one can buy foreign exchange for travel abroad?

Permissible foreign exchange can be drawn 60 days in advance. In case it is not possible to use the foreign exchange within the period of 60 days, it should be immediately surrendered to an authorized person. However, residents are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or TCs for future use or credit to their Resident Foreign Currency (Domestic) [RFC (Domestic)] Accounts.

Is there any time-frame for a traveller who has returned to India to surrender foreign exchange?

On return from a foreign trip, travellers are required to surrender unspent foreign exchange held in the form of currency notes and travellers’ cheques within 180 days of return. However, they are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or TCs for future use or credit to their Resident Foreign Currency (Domestic) [RFC (Domestic)] Accounts.