International Travel Made Easy with SBI Forex Card
Are you planning an international trip and wondering about the most convenient and cost-effective way to manage your finances abroad? Look no further than the SBI Forex Card, a prepaid travel card that offers a host of benefits and competitive exchange rates. In this comprehensive guide, we delve into the details of SBI Forex Card rates on 31.03.2018, empowering you to make informed decisions and enjoy a hassle-free travel experience.
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What is an SBI Forex Card?
An SBI Forex Card is a prepaid card loaded with foreign currency, eliminating the need to carry cash or traveler’s checks while traveling abroad. It is widely accepted at millions of merchant locations and ATMs worldwide, providing you with easy access to funds in a secure and convenient manner.
Benefits of Using SBI Forex Card
- Competitive Exchange Rates: SBI Forex Card offers competitive exchange rates, ensuring you get the most value for your money.
- Wide Acceptance: The card is accepted at over 24 million Visa/MasterCard merchant locations and ATMs around the globe, providing you with unparalleled flexibility.
- 24/7 Customer Support: SBI provides 24/7 customer support to assist you with any queries or emergencies you may encounter while abroad.
- Security: The card is PIN-protected and comes with chip-and-PIN technology for enhanced security, ensuring the safety of your funds.
- Additional Features: SBI Forex Card offers additional features like mobile app access, online account management, and balance enquiry for your convenience.
SBI Forex Card Rates on 31.03.2018
The SBI Forex Card rates vary based on the currency and the amount being purchased. Here’s a snapshot of the rates on 31.03.2018:
| Currency | Buy Rate | Sell Rate |
|---|---|---|
| US Dollar (USD) | 64.63 | 65.13 |
| Euro (EUR) | 78.83 | 79.33 |
| British Pound (GBP) | 89.13 | 89.63 |
| Singapore Dollar (SGD) | 49.63 | 50.13 |
| Japanese Yen (JPY) | 0.59 | 0.62 |
It’s important to note that these rates are subject to change based on market conditions. You can check the latest rates directly from the SBI website or through the mobile app.
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How to Apply for an SBI Forex Card
Applying for an SBI Forex Card is a straightforward process. Visit the nearest SBI branch with valid identity and address proof. You can also apply online through the SBI website. Once your application is approved, you will receive your card within 2-3 working days.
Card Activation and Loading
Before using the card, you need to activate it by calling the SBI Forex Card customer care number or through the mobile app. You can load the card with foreign currency at any SBI branch or through select Thomas Cook and Axis Bank branches.
Withdrawal and Usage Fees
There are no withdrawal fees for using the SBI Forex Card at ATMs within the same country. However, there may be a service charge for withdrawing cash at ATMs located outside the country. Also, a currency conversion fee of 3.5% (as of 31.03.2018) will be applicable for all foreign currency transactions.
Card Validity and Expiry
The SBI Forex Card is usually valid for 2 years from the date of issue. It is important to ensure that you use the card within its validity period to avoid any inconvenience.
Sbi Forex Card Rates On 31.03.2018
Conclusion
The SBI Forex Card is a convenient and cost-effective solution for managing your finances while traveling abroad. With competitive exchange rates, wide acceptance, and robust security features, it provides you with peace of mind and allows you to make the most of your travel experience. By understanding the SBI Forex Card rates on 31.03.2018 and following the application process outlined above, you can plan your international trip with confidence and enjoy the benefits of this indispensable travel companion.
