How can I get Forex card in India?
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How can I get Forex card in India?
To apply for a Forex card, you need to submit an Application-cum-Declaration form along with a copy of your passport, tickets and visa. You have to remit an amount in Indian Rupees (equivalent to the amount you want in foreign currency) to the bank. Once the transaction is done, your card is activated.
Is PAN card required for Forex card?
To avail ForexCard, existing customers have to mandatorily mention the PAN Card number on the application form with passport copy and non Kotak customer have to provide the KYC and copy of the PAN Card & Passport copy. Forex Card cannot be issued to NRI/NRE/NRO/non KYC compliant customers.
Can I get Forex card without visa?
Forex Card cannot be issued to Non-Residents and non KYC compliant customers. It can be issued to Indian residents & foreign national having saving account with KMBL.
Which Forex card is best in India?
Below are some of the best forex cards in India that you might want to have a look at.
- YES Bank Multi-Currency Travel Card.
- Axis Bank Multi-Currency Forex Card.
- MakeMyTrip HDFC Bank ForexPlus Card.
- ICICI Bank Travel Card.
- HDFC Regalia ForexPlus Card.
Can NRI buy forex in India?
As per the guidelines of the Reserve Bank of India (RBI), NRIs aren’t allowed to do forex trading in India. However, a Resident Indian can trade in the MCX-SX, BSE, NSE currency segment via registered brokers.
What documents do I need for forex card?
Documents required while purchasing/reloading the Multi-Currency Forex Card:
| Sr. | Document | At the time of Purchase |
|---|---|---|
| 1. | Passport Copy | Mandatory |
| 2. | Application Form | Mandatory |
| 3. | Visa | Mandatory |
| 4. | Airline Ticket | Mandatory |
Which forex card is best for Indian students?
Best Forex Cards for Indian Students
- Wise Borderless Card.
- Niyo Global Card.
- Axis Bank forex card.
- HDFC forex cards.
- ICICI forex cards.