Your email address will not be published. Its clear that their previous multi-currency wallet concept seems to be too complicated for a normal person to understand and use, hence comes this new product. I think this is the best forex card that is available online. Axis Bank , for instance, recently opened its online forex booking services for non-Axis bank account holders too. Credit Cards By Bank.
Multicurrency ForexPlus Card Rates & Fees Whether you are a frequent flier with work that takes you places or a first-time traveller all set for your upcoming travel across exciting new countries, a multicurrency forex card makes your travels smooth and hassle-free.
HDFC Bank Regalia ForexPlus Card Benefits
NIFTY 50 11, Drag according to your convenience. The exchange rates vary from bank to bank. Also, in case of forex cards, the fees and charges will vary across service providers.
The holiday season is here and you are probably being bombarded with deep discounts and offers on trip packages and flight tickets. The rupee has been on a falling streak and even small fluctuations can make a huge dent in your vacation budget.
The fall session in colleges will begin soon and parents, who are already grappling with high tuition fees and living expenses, now have to worry about the depreciating currency too. The only way to save your vacation or college budget is to book your rates in advance. Banks and financial institutions know this and have been coming up with innovative solutions to tap the market. Axis Bank , for instance, recently opened its online forex booking services for non-Axis bank account holders too.
For all other banks, you need to have an account and payments can be made online using Net banking. On the other hand, the card reload fee for an Axis Bank card is Rs and cross-currency charge is 3. Online aggregators like Bookmyforex. Not only do they offer product comparison across banks, but also get you a wholesale ex change rate, much lower than what is offered by banks or currency exchange shops. Get the right rate Think of these aggregator sites as the travel portals that get you bulk discounts on flights, hotels and holidays.
They also bring transparency to an otherwise opaque and fragmented currency exchange market with widely varying rates between different vendors and hundreds of small stores. A marketplace for retail forex and overseas remittances has tie-ups with banks and exchange companies to whom they offer very large number of orders. These channel partners in turn quote wholesale volume rates.
Doing this kind of research offline is nearly impossible. A difference of even Rs 1 per dollar can translate into savings of lakhs, especially for larger amounts like tuition fee and living expenses.
If the college fee for a semester is around E8,, it could mean a difference of Rs 18, There are options to set a rate alert to if you think you could get a better rate and even freeze a rate for the transaction. They also offer some unique deals. Also, there is no reloading charge or issuing fee. The transactions are secure as the site connects you directly with the bank. Get the right mix To get the best deal, you need to understand how to use different forex services optimally.
You have currency notes, a forex card and wire transfers and demand drafts to choose from. The generic advice is to carry the minimum requirement in cash, as it is the costliest option. If you are a holidayer, depend mostly on the forex card. Thomas Cook Borderless Multi Currency Prepaid card is marketed as one card supporting 8 different currencies.
This card is globally accepted at It is forex card exclusively designed for the people traveling extensively. Feature and benefit detail of this card is given below.
You need to apply to a specific bank for this card. You need to fill up an application form. Along with form you need to submit following documents —.
On verification of documents, you will be asked to make payment. Once this process is completed you will receive a card from the bank. Some bank may ask additional document along with the application. Raviraj is the man behind moneyexcel. He is graduate in finance, engaged in blogging since 6 years.
He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money.
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The HDFC Bank Mulitcurrency ForexPlus Card is one of the most convenient ways of carrying money when you travel abroad. You can carry as many as 22 currencies on a single multicurrency forex card and easily shuffle funds between currencies as you need them. Documents Required To Apply For HDFC Forex Cards Listed below are required documents to apply for Regalia ForexPlus Card, Multicurrency Platinum ForexPlus Chip Card, ForexPlus Card, ForexPlus Chip Card, and ForexPlus Platinum Card. Travel Card - Get best Forex Card online by choosing from a range of pre-paid travel forex cards at HDFC Bank for your hassle-free transactions from abroad. Forex cards are a comfortable & safe way of carrying currency from country to country. Get detailed information about benefits & features, offers & discount, fees & charges for Forex Cards.