Forex Cards

Travel tip: Use prepaid forex card when abroad, avoid currency fluctuations

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

ICICI Bank launches pre-paid Sapphiro Forex Card for international students

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

Rupay forex card out soon: Should you pick one over a credit/ debit card?

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

Banks to issue Rupay prepaid forex cards for Indians travelling abroad: RBI

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

RBI asks citizens to settle fee, charges on forex prepaid cards in rupee

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

Foreign exchange reserves rise at fastest pace in more than a year

Revaluation amid weaker dollar, spot market purchases lift reserves to $544.72 billion

Forex cards are a cheaper, value-loaded option for international travel

Forex card scores over other instruments because it has several benefits

Bank mergers may bring down the curtains for old-world forex brokerages

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

Are you planning a trip abroad? Compare charges before picking a forex card

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