BPound - 60 Min. Before you start trading, you need to understand how much you can lose, and in no case change this amount. Dec 12, Similarly, if the 'EUR' bar is at level
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A card issuance fee may be charged by the bank at the rates prescribed from time to time. A forex card is a safe option to carry while travelling abroad. It also protects against exchange rate fluctuations during the travel period. It is very easy to obtain a forex card and it can be bought from any authorised dealer or bank. Form A prescribed form must be filled by the traveller. Some banks also provide for online application for forex cards.
Type of cards A multi-currency card allows more than one currency to be loaded. A student card bundles insurance and discounts on educational material.
Choose a card according to your requirements. Information Personal details of the traveller, dates of travel, passport number, PAN , types of foreign currency to be loaded on the card should be filled in.
Amount of forex to be loaded should be mentioned in the form. Fees A card issuance fee may be charged by the bank at the rates prescribed from time to time.
A copy of the air ticket may be required. A cheque or debit instruction for the amount to be loaded with the fees needs to be submitted. It takes about 4 -5 days to process and receive personalised forex cards. Reloading the card The card can be reloaded with additional forex by filling up a reload form and submitting a cheque or a debit instruction for the required amount.
Points to note 1. An existing bank account is not required with the bank to obtain a forex card. Banks provide online access to view statements and reload the forex card online.