Best for Multi-Currency Transactions
Forex Markup Fee: 0% on preloaded currencies
Best For: Frequent travelers who want to lock in exchange rates
Key Benefits:
Ideal for: Travelers visiting multiple countries
What happens if I spend in a currency that I haven’t preloaded?
The transaction will be processed by converting the funds from your preloaded currency at prevailing exchange rates, and standard forex charges may apply.
How does the multi-currency feature work?
You can load multiple currencies (such as USD, EUR, GBP, AUD, CAD, etc.) in advance, allowing you to transact in those currencies without additional conversion fees.
If I have unused foreign currency in my Axis Forex Card after my trip, can I transfer it back to my savings account? Are there any charges or conversion losses?
After a visit to India with your Axis Forex Card you can withdraw remaining foreign currency back into your savings account. There are specific rules to consider when transferring unused foreign currency from your Axis Forex Card.
Starting a currency refund requires that you present your identification documents including the PAN card and Forex Card information at an Axis Bank branch together with a refund request. Certain Axis Bank branches enable support-based foreign currency refund requests so it becomes important to contact their customer service team before attempting to submit your request.
The conversion fee stands as a potential expense which Axis Bank adds when you convert your foreign currency funds to Indian rupees. The bank uses its prevailing exchange rate when converting money which might result in small losses from market currency rate movements. Processing fees together with GST can appear when customers make transfers depending on the transaction value.
A Forex Card balance should remain in your possession because regular travelers can use it across multiple journeys and reload it at any time. Saving account owners can seamlessly transfer their funds if they wish to withdraw money from their Forex Card.
The exact fees and rates for Axis Bank’s services can be obtained by consulting their customer support team or visiting any of their branches.
The “Axis Bank Global Advantage Forex Card” from Axis Bank is a great option for overseas travelers because it offers 0% foreign exchange markup fees.
Key advantages:
Principal benefits:
Eligibility & How to Apply?
Open to Indian citizens who are going overseas.
Apply online at the Axis Bank website or in person at a branch.
Passport, Visa, airline ticket, PAN, and KYC documents are required.
my friend studying in the US is really benefitted through the Axis Bank Forex card but it is not ideal for those who prefer postpaid flexibility like a credit card.