Uday was travelling to Singapore for about two weeks. His company chose him to attend a business annual conference organised there on behalf of the company. It was a 4-day event but Uday also planned to explore the place a bit so he applied for additional 10 days of leave. He was visiting Singapore for the first time and was pretty excited about it. He prepared a quick checklist of things he planned to do in Singapore. He planned to visit the Marina Bay. He had heard that it was one of the most spectacular places in Singapore. Marina Bay was an excellent place for shopping, food, and enjoying the night life of Singapore. He planned to explore the Universal Studios. As a child, he always wished to visit that place and it was the time to live his childhood dream. Apart from that, Uday also included the Gardens by the Bay, a beautiful futuristic park with massive and spectacular architecture on his list. His trip to Singapore was incomplete without shopping and his sister already handed him a list of things she wanted from there. So, Uday also planned for a shopping spree. His colleagues suggested him to take a multi currency Forex card from the IndusInd Bank as it would be better for him in case the company sent him to multiple countries for other events. Uday had never used a Forex card before. He also didn’t have any idea about multi-currency cards.
What is a Forex Card and how to use multi currency Card?
Forex cards are pre-loaded cards. These cards can be used for making payments when travelling abroad. Forex cards can be loaded with single currency or multiple currencies. Multi-currency cards are suitable for those who frequently travel to various foreign locations. Just like you use your debit or credit card, you can use your Forex card for paying bills at shopping malls, stores, petrol pumps, hotels and restaurant. If you want to reload your multi currency card, you have to inform your bank in advance. You must leave necessary documentation. This is essential for reloading. If you still have an unused balance on your card, you can encash it once you return. If you have lost the card, you must inform the bank about the incident along with your location. They will send you another card. It usually takes 48 hours for the bank to dispatch another card.
How to get Forex Card in India?
For buying a Forex card from IndusInd Bank, you need to submit a Declaration form along with a copy of your visa, tickets, and passport. The bank will charge a minimal fee for issuing Forex cards. This card is convenient to use and it safeguards you from the fluctuating foreign exchange rates. The rates are locked in on the day of transaction. IndusInd Bank let you load your Forex card in multiple foreign currencies. This includes Euro, Saudi Riyal, UAE Dirham, USD, Pound Sterling, Singaporean and Canadian Dollar.
Forex Card India 