Navigating the world of international finance can be a daunting task, especially when it comes to understanding withdrawal limits. If you’re planning to use an Axis Bank Multi Currency Forex Card, it’s crucial to know the specific withdrawal limits associated with this card.
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In this comprehensive guide, we’ll delve into the withdrawal limits for the Axis Bank Multi Currency Forex Card, providing you with all the essential information you need to plan your financial transactions abroad.
Types of Withdrawal Limits
Daily Limit
The daily withdrawal limit for the Axis Bank Multi Currency Forex Card varies depending on the specific card variant you hold. Typically, the Platinum variant allows for daily withdrawals of up to INR 1 lakh per day, while the Silver variant allows for INR 50,000 per day.
Monthly Limit
In addition to the daily limit, there is also a monthly withdrawal limit associated with the Axis Bank Multi Currency Forex Card. This limit is set at INR 10 lakhs per month across all card variants.
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Per-Transaction Limit
When making withdrawals, you should also be aware of the per-transaction limit. This limit varies from INR 25,000 to INR 50,000, depending on the card variant and the ATM or POS machine being used.
Understanding ATM Withdrawal Fees
It’s important to note that withdrawing cash from ATMs abroad using your Axis Bank Multi Currency Forex Card may incur additional fees. These fees usually range from 2.5% to 3% of the withdrawal amount, with a minimum fee of INR 200. It’s always advisable to check with Axis Bank before making withdrawals to avoid any unexpected charges.
Expert Tips for Maximizing Withdrawals
- Choose the right card variant for your needs. If you anticipate making larger withdrawals, consider opting for the Platinum variant with a higher daily limit.
- Plan your withdrawals strategically to avoid exceeding daily or monthly limits.
- Keep an eye on your balance and track your withdrawals through mobile or online banking to ensure you stay within the limits.
- Utilize alternative withdrawal methods, such as using a debit card or traveler’s checks, to supplement your Forex Card withdrawals and avoid exceeding limits.
Frequently Asked Questions
Q: What happens if I exceed the withdrawal limit?
A: Exceeding the withdrawal limit may result in a decline of your transaction or additional fees. It’s crucial to stay within the specified limits to avoid any potential issues.
Q: Can I request an increase in withdrawal limits?
A: In certain cases, you may be able to request an increase in withdrawal limits by contacting Axis Bank. However, such requests are subject to the bank’s review and approval.
Q: How do I check my available withdrawal balance?
A: You can check your available withdrawal balance through mobile or online banking or by calling Axis Bank’s customer care number.
Axis Bank Multi Currency Forex Card Withdrawal Limit
Conclusion
Understanding the withdrawal limits for the Axis Bank Multi Currency Forex Card is essential to ensure smooth and hassle-free financial transactions abroad. By adhering to these limits and utilizing the tips provided, you can maximize your withdrawals and make informed decisions while traveling.
Are you interested in learning more about the Axis Bank Multi Currency Forex Card and its withdrawal limits? Reach out to us with any questions or concerns, and we’ll be happy to assist you.
