Let us assume that you have made paid a total amount due of previous month credit card statement on the said due date. If you buy anything on 24 th April, the interest-free grace period will begin from 24 th April and it will be last till 2 nd June, i. On the other hand, if a purchase 14 th May, the interest-free grace period, then the interest free period will begin from the date of 14 th May lasting until the due date.
Basically, the grace period varies depending upon the date of purchase. As a credit card user, if you have not paid any payment by the due date, then there is no interest-free period. To use your grace period and avoid any interest charges, make sure your credit card payment is made on time every month. If you are unable to pay your complete credit card statement, try to pay the minimum amount expected. Then, you will have to pay the bill before the cycle ends or else you will have to pay interest as soon as your bill cycle ends.
Things to know before buying a prepaid forex card for your international holiday. Sunil Dhawan. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. ThinkStock Photos You can get a prepaid forex card from a bank or an authorised forex dealer also known as money changers. How much foreign currency to carry and how to carry it are two questions you need to answer while planning a trip abroad.
Using just cash is not advisable, especially if your holiday is a long one. Other than hard cash, there are a few other ways you can carry forex -- travellers cheques, plastic money in the form of debit and credit cards , and prepaid travel cards. Each of these comes with its own pros and cons. Using a credit card abroad for foreign currency transactions may be fine but it is expensive. If one uses a credit card abroad, there will be conversion charges, and if used at an ATM, an additional fee is levied.
A prepaid forex card is another option you can consider. Read the now! Indulge in digital reading experience of ET newspaper exactly as it is. Read Now. Recent hit Taken for a ride: how Ola, Uber promised the moon to drivers and failed to deliver. Subscribe to ETPrime. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.
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You can place a replacement request either through your Relationship Manager or visit your nearest Standard Chartered branch. The charges for reissuance are given in schedule of charges. You can check the balance on all the active currency wallets on Multi-Currency card through the customer portal. Alternately, you can also contact our Phone Banking services to check the balance on your Multi-Currency Card. Your Forex Card should not be used towards temporary charge blocks — e.
These charges are levied by the ATM service provider over and above the charges levied by the Standard Chartered Bank, and Standard Chartered Bank has no control over the charges as these charges are not levied by Standard Chartered Bank. These charges are normally displayed to the customer during the transaction and the customer has the option to either proceed with the transaction or abort if the charges are not acceptable to the customer. If the transaction is done in base currency currency with which the card was loaded , there is no exchange rate applicable.
You can view the transactions using the Customer Portal. You can get the statement using the Customer Portal. This will unblock your User ID as well. Your Multi-Currency Forex Card will be activated with the required currencies instantly over the counter at the branch. Once active, the card can be used at any international location for making payments at POS terminals or to withdraw cash at ATMs.
Account details are communicated to the reader and then processed through the secure Visa acceptance network in the usual way. The transaction amount is deducted from available balance on the Multi-Currency Card. Irrespective of the currency loaded on the card, the cash will be dispensed based on the currencies supported at the ATMs. Back button. Multi-Currency Forex card is the perfect choice for trouble-free Travelling. Apply Now Apply Now. Benefits of Multi-Currency Forex Card. Multi-Currency option.
Set transaction limits on your Standard Chartered forex card instantly by logging into the Forex Card portal. Instant issuance Experience convenience like never before with instant issuance and activation at branch. Convenience Manage your card online with just a few clicks.
Savings guaranteed Save on the cross currency mark up charges applicable on debit and credit card transactions overseas by opting for a Forex card. Backup card Activate your free backup card and retrieve lost funds automatically in case of loss, theft or damage. Documents Copy of valid passport.
FAQs Which are the currencies that can be loaded on the card? There are 20 currencies offered which can be loaded on the card, namely, USD U. Can I make a transaction in any other currency apart from mentioned 20 currencies? Where can I apply for the Forex Card? Whom do I call in case I need any assistance? I want to make an insurance claim. What is the process? Do I need to activate the Forex Card for Ecommerce transactions?
What is IPIN? I do not have a Savings bank account with Standard Chartered Bank. Can I apply for a Forex Card? Why have I received two cards in the Welcome Kit? Can I issue cheques to load the Forex Card? Forex Card can be loaded only by debiting your Standard Chartered savings account. What are the charges attached to the Forex Card? If I am travelling to multiple countries, do I need to carry multiple cards?
What are the authorization scenarios? When you perform a payment transaction, the debit would take place on the priority as per the grid provided below, Scenario 1 — If you have sufficient balance in local currency depending on country of transaction then the transaction will be processed using the local currency balances.
The card will look for balances across all the currencies in following order of priority as decided by the Bank, 1. QAR Scenario 4 — If you transact in currency which is not offered on the card, the transaction will be processed by debiting default currency USD. Can I retain the Forex card once in return to India? How can I cancel the Forex Card? What is the maximum value for which the Forex Card can be used? Following are the steps to perform Ecommerce transaction with VBV participating merchants: Select the goods or services you want from a online store and proceed to the payment page Enter your Standard Chartered Bank Multi-Currency Forex Card number and the online store will connect with Standard Chartered Bank to check whether your Card is secured with Verified by Visa Enter your IPIN used for login to Customer Portal and Standard Chartered Bank will then confirm your identity to the merchant Your payment is authorized and your order is placed.
Can the Forex Card be reloaded over the Internet? What are the steps to reload online? Note: Above online reload request will be processed within 1 working day. I cannot see few currencies while I try to submit reload request via Customer Portal. Why is that so? How do I know if the request has been placed or not? I'm not a traveller, can I still benefit from the Forex Card? The Forex Card is only for travellers, and cannot be issued to non-travellers.
What are the charges towards availing GCAS services? What should I do and whom to contact if my card is lost? What should I do if my Forex Card has expired but there is unutilised balance on the card? What if the balance in the currency of transaction goes down? Who should I contact for my replacement card? Is there a charge for replacement?
How does the Forex Card work in Contactless mode? Look for VISA payWave mark or Contactless logo at the point of purchase To pay, place your card over the reader at close range less than 4 cm from where the Contactless logo appears Once the reader confirms that your transaction is approved, you are ready to go. No signature or PIN required. What if I wave the card twice at the terminal? Will I be charged twice? How will I know if the transaction is successful? How can I check the balance on my Forex Card?
Are there any transactions for which this Card should not be used? How can I view the transactions I did with my Forex Card? How can I get the statement of my Forex Card? Can the Forex Card be temporarily blocked? My customer portal User ID is blocked. How do I unblock? How does Multi-Currency Forex Card work?
Related links. Fees and rates. Complete online access to the card. Most banks provide their multicurrency card with Visa Platinum benefits that include discounts at luxury brands and outlets. While with all the benefits you might think, that the Multicurrency card interest rates and charges are high, you are going done the wrong track.
The card also provides the customer with the facility of cross currency transactions involving wallet to wallet transfer within the currencies available on the card. However, the card also has some limitations. The card is not valid for payments made in India, Nepal or Bhutan and the card comes with a validity period.
The Card will be active for use within one working day of receipt of the clear funds towards amount deposited by the user towards the Card in the Card Account. Email address:. Reply 0. Full-Time Derivative Trader. Trading the markets since If you want to store money on your phone or tablet, you
You can now load nine different currencies in this borderless prepaid card and save yourself the trouble of carrying multiple forex cards or bearer currency. From offering the best deals on hotels and flights, to arranging for foreign exchange , we take care of all your travel needs. Globally accepted: This card is accepted at over 70 million merchant establishments, which means you no longer need to search for an ATM during your international trip.
In case you need cash, you can go to any of our 3 million Visa ATMs worldwide. Safety: Carrying foreign currency can be risky, therefore smart travelers prefer carrying a one currency card. One of the several benefits of this multi-currency prepaid card is the chip and PIN enabled safety feature that protects you from thefts and frauds. In case you lose your multi-currency card , we even offer a free replacement of your card.
Easy Reload: You no longer have to worry about running out of cash during your international trip. Thomas Cook allows you to reload your multi-currency prepaid card with just a few easy steps. Forex card management has never been this easy. Think no more, for your next international trip, partner only with Thomas Cook. Still have concerns? Speak to our forex expert today. Read more. The amount loaded or reloaded on a card can be done as per the foreign Exchange Management Act, and prevailing RBI regulations in force at present.
Our wide range of forex products fulfill the foreign exchange requirements of all kinds of customers including holiday goers, students travelling abroad, frequent business travellers and customers who want to send money aboard to their family or to the near and dear ones. I understand. Unblock your geolocation, so we can assign nearest representative to assist you further.
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This amount is calculated considering one traveller. Usage of the Multi-Currency Forex Card needs to be in accordance with the Exchange Control Regulation of Reserve Bank of India and the applicable laws in force from time to time, in particular and without information, the Foreign Exchange Management Act, Also, note that the card is not to be used for margin payments being made for online forex trading transactions.
To register your E-mail Id you may contact any of our 24 x 7 International Toll free numbers or the India paid number. It is advisable to check the balance on the card at any Axis Bank ATM before your departure from the country. You can also check your balance on our website using the login id and password provided for internet banking. In case you have exhausted the funds on the card, you can reload your card with additional funds. The easiest way to do this is to contact the Axis Bank Branch where you bought it from.
Yes,you can reload your Forex Card via Axis Mobile. You may leave a signed copy of the reload form and authorisation with your family. Your family member can approach Axis Bank Branch with the Reload form. On submission of the documents and receipt of the payment, the card would be reloaded. This is a paid service provided by VISA. In case the customers are travelling in any other part of the world, they may avail of these services by placing a collect call to We offer complimentary insurance cover to safe guard you from any fraudulent usage on your Travel Currency Card:.
Please click here to know What are the documents required for claiming insurance to know more. In case you have a dispute on any specific transaction, you are requested to provide the details of the transaction via email for doing the needful. Our Customer Service executives will immediately block the lost card and prevent it from further use and arrange to send you a replacement card within 2 working days.
It is important to note that a lost card report will be taken only after verification of your mother's maiden name, date of birth, passport no etc.. All customer service channels will be able to assist you with your query only if your card is activated. The Card activation takes one business day provided all documents required for regulatory due diligence received from the customer are successfully verified.
Alternatively you may log in to Internet Banking or Axis Mobile Application to view your card details. The Card can be encashed only after your return to India. Furthermore, the last transaction done on the card should be more than 10 days prior to the date of encashment. For refund of the residual or unutilised balances you can approach any of the branch of the Bank irrespective of where the card was issued.
In case you want to encash the entire unspent amount on the card, you need to visit the nearest Axis Bank Branch. If your card has expired before all funds have been utilised, you can contact any Axis Bank branch for refund of the un-utilised balance, or apply for replacement card to continue to access the remaining funds for payment through the card in future. No, inorder to withdraw USD from the ATM, anyone of the wallets should have an amount equivalent to USD including the amount to cover the withdrawal and cross currency charges.
No, however they may show a message indicating that the transaction will be initiated in USD along with the exchange rate used and a with a choice given to the customer to proceed or cancel. Yes, the aggregate amount of forex that can be loaded through Internet Banking or Axis Mobile app is up to USD 10, or equivalent in other foreign currencies in a financial year.
However You may continue to use other Forex Card services, including viewing the balances, mini-statement and blocking your card, available through the Internet Banking and Axis Mobile App facilities without any interruption even after this amount is exhausted. You may also continue to load your Forex Card up to the amount permitted under the regulations without any restrictions by visiting the nearest Axis Bank branch.
An individual is a tax resident in India in case of either of the below two conditions are satisfied. Where his stay in India in the financial year is or more days or b. Where his stay in India in the financial year is 60 days or more and aggregate stay during the immediately preceding four year exceeds days.
The condition b will not be applicable in case of the following: i In case of an Indian citizen, who leaves India as a member of the crew of an Indian Ship or for the purpose of employment outside India ii In case of an Indian citizen or person of Indian origin, who is residing outside India and comes on a visit to India in any previous year.
At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further. This is to inform you that by clicking on the "Accept" button, you will be accessing a website operated by a third party namely. Such links are provided only for the convenience of the client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.
Any actions taken or obligations created voluntarily by the person s accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Thank you for visiting www. Participation to group insurance is voluntary. Multi-Currency Forex Card A card that offers convenient, hassle-free payments to make foreign travel a memorable experience A card that offers convenient, hassle-free payments to make foreign travel a memorable experience Apply Now For Multi-Currency Forex Card Check Foreign Exchange Rates.
It is a prepaid card which can be loaded with multiple currencies on a single card. Which currencies can be loaded onto the Forex Card? What documents do I need to submit when I purchase the Forex Card? What are the costs involved at the time of purchase? How much foreign currency can I load onto the Forex Card? What is the Contactless Forex Card? What features make the Contactless Forex Card secure? Ultra short range — generally less than 4 cm Unique built in secret key, which is used to generate a unique code for every contactless transaction Every transaction is securely authorised The power and global reach of the VisaNet system to help prevent fraudulent transactions.
What is TCS? I need to know more about it. Deductee can always check details in his Form 26AS. Education loan sanction letter with student name and parent who is the co-borrower Evidence from financial institute that Section 80 E. Bank statement showing the source of funds as unutilized disbursed Education loan by a financial institute Is TCS applicable at account level or PAN level?
TCS will not be reversed once debited. If the PAN updated on the account is of the Minor, the threshold limit of the Minor will be utilized. In case of insufficient balances, transactions will not be processed. Also can I increase or decrease the limits for these channels? Log in to Axis Mobile. When can I start using the card? You are advised to: You can commence the usage of the card once the same is activated.
The card activation takes one business day provided all documents required for regulatory due diligence are successfully verified. What is my PIN? Can my Forex Card be swiped directly at merchant establishments? Is there a transaction fee for using my Forex Card at merchant establishments?
Is there any other way I can keep a track of my balance and the latest transactions? Are there additional charges for the SMS alert facility? What are the exchange rates applicable when I use my Forex Card for transactions? What is Dynamic currency conversion and how to avoid Dynamic currency conversion charges? Can I use the Dynamic Currency Conversion option at the time of making a transaction? Are there any regulatory restrictions on the usage of my card?
How do I register my E-mail ID to receive the transaction alerts?
What is a prepaid travel card? A prepaid card can be loaded with multiple currencies on a single card. However, if you are visiting just one. details, transfer funds, report a lost or stolen bankbook or. ATM card, review foreign exchange transactions, currency exchange rates, etc. IV. Mobile banking. Thinking should i carry cash in SGD or should i carry a forex card. I have used a combination of HDFC Multi-currency forex card (india) and cash.