Forex Cards

Avoid dynamic currency conversion by paying in the local currency instead of Indian rupees

Private sector lender ICICI Bank on Tuesday launched a pre-paid Sapphiro Forex Card, crafted specifically for students who are going abroad for higher education. The card, powered by Visa, provides exclusive benefits and convenience to students and their parents to manage education-related expenses abroad like admission fees, course-related fees and other day-to-day expenses, including travel, dining and groceries, among others, the bank said in a statement. The card offers the freedom of loading and transacting in 15 currencies without any cross-currency mark-up charge being levied by the bank, allowing students to conveniently travel across the globe even if they load only one currency on the card, it added. The card comes with an array of joining benefits up to Rs 15,000, along with exclusive privileges, it said. It comes with a welcome kit with two cards -- a primary and a replacement card -- that can be activated digitally through iMobile Pay, internet banking or by calling th

When you are travelling abroad you have broadly three easy options for making transactions - Prepaid cards, Debit Cards and Credit Cards.

Das said the Rupay prepaid forex cards will expand the payment options for Indians going abroad

The internationalisation of the domestic currency would make domestic monetary policy more challenging but the option of compromising on growth by playing it safe is clearly not an optimal choice

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Forex card scores over other instruments because it has several benefits

The flurry of state-run bank mergers will see an era come to an end

Besides fees under multiple heads, there can also be restrictions on daily spending and withdrawal