How to withdraw money from forex card in india

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Federal Bank Forex Card. In case of urgency, Forex card can be obtained immediately from our select branches. Other Risk Covers.

Personal Finance News. Mutual Funds. Powered by. Things to know before buying a prepaid forex card for your international holiday. Sunil Dhawan. Font Size Abc Small.

Abc Medium. Abc Large. ThinkStock Photos You can get a prepaid forex card from a bank or an authorised forex dealer also known as money changers. How much foreign currency to carry and how to carry it are two questions you need to answer while planning a trip abroad.

Using just cash is not advisable, especially if your holiday is a long one. Other than hard cash, there are a few other ways you can carry forex -- travellers cheques, plastic money in the form of debit and credit cards , and prepaid travel cards. Each of these comes with its own pros and cons. Using a credit card abroad for foreign currency transactions may be fine but it is expensive. If one uses a credit card abroad, there will be conversion charges, and if used at an ATM, an additional fee is levied. A prepaid forex card is another option you can consider.

What is a prepaid travel card? Click here to know how to save on taxes for the financial year Card will work as presently working.

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You can reload the card by sending a email. You need send a email to Forexcard. There is no change to the current process till 30th September, Sitemap Print Search Apply Now. Frequently asked questions How does the Navigator Forex Card work?

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You can load a Navigator Forex Card with funds at the time of purchase of the card. After loading, you can use the card for cash withdrawal or for shopping at merchant outlets internationally. With each transaction, the remaining value on the card would be decreased. You can continue to use your card as long as there is balance available on the card account. What currencies can be loaded on Navigator Forex Card? What are the minimum and maximum amounts I can load on the Navigator Forex Card? There is no minimum amount cap for loading of the card, you can load as per your requirement.

Can I have more than two cards? No, you can have one Navigator Forex Card at any given point of time.

What are the foreign exchange rates charged at the time of purchase? You are charged with the ongoing foreign exchange rate of that day offered by Deutsche Bank. Similarly, for refunds, the prevailing foreign exchange rate is applied. Is a temporary block facility available on the card? Yes, if you want to block the card temporarily, you can do so yourself by logging your online card access.

You will need to follow the same process to re-activate the card. If I am traveling to two different countries in one trip, can I get two different currencies loaded on the same card? Yes, a Navigator Forex Card can be loaded with multiple currencies. You may also choose to carry a card in only one currency and use it worldwide, irrespective of the currency of the destination country.

However, a cross currency rate will be applicable in cases where the card is used in currencies different from the currency of the card. Can I use the card in India, Nepal or Bhutan? Please click here to know more. What is the current 'Schedule of Charges'? For schedule of charges click here. When can I start using the card? You are advised to commence the usage of the card only after a couple of hours. You are also advised to ensure that you receive the PIN and sign on the signature panel at the back of the card.