Understanding the HDFC Forex Card
The HDFC Forex Card, also known as the InstaForex Card, is an internationally accepted prepaid card that enables seamless currency transactions during overseas travel. It eliminates the hassle of carrying large amounts of cash and protects you from the risks associated with currency exchange at local kiosks. In this comprehensive guide, we will delve into the status of the HDFC Forex Card, its features, benefits, and usage to help you make informed decisions for your travel needs.
Image: www.forex.academy
Benefits of Using the HDFC Forex Card
- Wide Acceptance: The HDFC Forex Card is accepted at millions of ATMs and merchant outlets worldwide, providing you with the convenience of making payments in local currencies.
- Competitive Exchange Rates: HDFC offers competitive foreign exchange rates to ensure you get the best value for your money.
- Security and Fraud Protection: The card comes equipped with EMV chip technology and a PIN, safeguarding your transactions from unauthorized access and fraud.
- Cashless Convenience: The HDFC Forex Card allows you to travel without the need for carrying large amounts of cash, reducing the risk of theft or loss.
- Easy Refill: You can easily reload your HDFC Forex Card online or through HDFC branches, ensuring you never run out of funds while abroad.
Eligibility and Application Process
To obtain an HDFC Forex Card, you must be an Indian resident between 18 and 60 years of age. You will need to provide KYC documents such as your PAN card, address proof, and identity proof to complete the application process. HDFC offers multiple ways to apply for the card, including online, through their mobile banking app, or by visiting a nearby HDFC branch.
Tracking the Status of Your HDFC Forex Card
Once you have applied for an HDFC Forex Card, you can track its status through various channels:
- HDFC NetBanking: Log in to your HDFC NetBanking account and navigate to the ‘Forex Card’ section to view the application status.
- HDFC Mobile Banking: Use the HDFC Mobile Banking app to track the status of your forex card application in real-time.
- Customer Care: You can contact HDFC Customer Care at 1800-22-7264 or visit your nearest HDFC branch for assistance with tracking the status of your card application.
Image: www.youtube.com
Activation and Usage of HDFC Forex Card
Upon successful approval of your HDFC Forex Card application, you will receive the card at your registered address. Before using the card, you must activate it by calling HDFC’s 24/7 customer care number or through HDFC NetBanking. To make transactions using your HDFC Forex Card, follow these steps:
- Insert the card into the merchant’s Point of Sale (POS) machine or ATM.
- Select the local currency for the transaction.
- Enter your PIN and authenticate the transaction.
- The amount will be deducted from your HDFC Forex Card balance in Indian Rupees (INR) at real-time exchange rates.
Fees and Charges
HDFC charges a nominal fee for obtaining and using the HDFC Forex Card. The fees are as follows:
- Card Issuance Fee: A one-time fee of INR 199 (plus GST) is charged for the issuance of an HDFC Forex Card.
- Reloading Fee: A reloading fee of 2.5% of the transaction amount (minimum INR 500) is applicable when you add funds to your card.
- ATM Withdrawal Fee: A fee of INR 200 (plus GST) is charged for each ATM withdrawal outside India.
- Currency Conversion Fee: A foreign currency markup fee of 3.5% is applied to each transaction made using the card.
Status Of Hdfc Forex Card
Conclusion
The HDFC Forex Card is an indispensable travel companion that offers a secure and convenient way to manage currency
