ForexPlus Card

Protection against exchange rate fluctuation with the safety of carrying currency on a card when travelling internationally

Benefits

  • Wide acceptability - both Visa and Mastercard options available
  • Protects you against common problems when you travel and accidents
  • Peace of mind through a back-up
  • Top up while you travel

ForexPlus Card

Forex Plus Card

What are the benefits of the HDFC Bank ForexPlus Card?

The HDFC Bank ForexPlus card works just like a Credit Card, but the transaction amount is debited directly from your HDFC Bank ForexPlus card balance. Your HDFC Bank ForexPlus card is accepted at all Merchant Establishments displaying the Visa / MasterCard symbol, worldwide.

Features

You will get some exclusive features and benefits with your HDFC Bank ForexPlus Card

  • Protection against Foreign Exchange fluctuation
    ForexPlus card is availabe in AUD / AED / CAD/ CHF/ Euro / GBP / JPY / SGD / SEK and US Dollars currencies, thus providing protection against exchange rate fluctuation using the value loaded on these cards in future. However, you can withdraw cash or use the card at POS (Point of Sale) in any currency anywhere in the world using the ForexPlus card. For transactions carried out in the card currency i.e. AUD / AED / CAD/ CHF/ Euro / GBP / JPY / SGD / SEK and US Dollars, you don't lose out on foreign exchange due to fluctuating market rates
  • Available in Australian Dollar, AED (Dirhams), Canadian Dollar, Euro, Japanese Yen, Singapore Dollar, Sterling Pound, Swiss Franc, Swedish Krona and US Dollar Currencies.
    Each of these currencies are accepted worldwide and can be changed into the currency of the country that you are in.
  • Safer and more secure
    This card is accepted at all Visa/ Mastercard Merchant outlets and 24 hour VISA/ Mastercard ATMs worldwide. So no more hassle of carrying bulk of cash or travellers' cheques, no more hassle of chasing money changers, paying commissions and tracking expenses. Your Card is protected against misuse at ATMs by means of PIN. In case your card gets lost or stolen, all you have to do is call HDFC Bank PhoneBanking immediately and report the loss of your card and get the card hoslisted. This facility is available 24 hrs on all days. The card can also be hotlisted using our Prepaid card NetBanking facility on www.hdfcbank.com.
  • Insurance Cover
    Enjoy a travel experience free of financial worries with card insurance covers such as
    • Protection upto Rs. 500,000 against misuse of lost / stolen card or due to counterfeiting / skimming
    • Personal Accident Insurance (Death cover only) of Rs.500,000
    • Loss of checked baggage cover upto Rs. 50,000 and
    • Passport reconstruction covers upto Rs. 20,000 (actual cost of passport reconstruction only)
  • Reloadable at all HDFC Bank branches or through PhoneBanking or NetBanking, even when the cardholder is abroad *
    Your HDFC ForexPlus Card is valid upto the last day of the month indicated on your card. Within this period you can use your card as often as you like. In case money loaded on the card gets exhausted, this card offers the facility to reload* even in the middle of your journey.

    *Reload requests can be made by any authorized person on your behalf. Incase the Card is issued by your corporate/employer, reload requests received through them will be acted upon by HDFC Bank.

    *HDFC Bank customers can also place a request to reload the card through HDFC Bank PhoneBanking or HDFC Bank NetBanking.

  • Backup card facility available
    HDFC Bank ForexPlus Card also comes with an option of back up card. Back-up card can be used as a 'Replacement Card' in case you lose your card. Kindly note that this is an optional feature and you need to request for the same at the time of purchasing the card.
  • Ease of tracking
    Get online access to your card account and track your spends, check your balance, Change your IPIN and log an online request for PIN change. What more, we'll also send you a statement of account to your mailing address at the end of every month during which any card transaction takes place.
  • International Toll Free numbers:
    HDFC Bank offers easy access to PhoneBanking services through International toll free numbers across 32 countries as detailed below.
    Australia, Belgium, Canada, Denmark, France, United Kingdom, Germany, Hong Kong, Netherlands, Italy, Japan, South Korea, Malaysia, Norway, New Zealand, Austria, Portugal, South Africa, Spain, Sweden, Switzerland, Thailand - 80080077444, Czech (REP) 800090155, Monaco 80093312, Poland 008001124694, Saudi Arabia 8008142094, UAE 8000185252, USA 18445796441, Bahrain 80004980, Greece 0080016122061284, Singapore 8001013301, Croatia 0800222990 In order to know specific details such as restrictions, coverage etc please click here.

ForexPlus Card Charges

Enclosed below are HDFC Bank ForexPlus Card Charges

Fee headingsCharges for the AUD CardCharges for the CAD CardCharges on the Euro cardCharges on the GBP cardCharges for the JPY Card
Issuance fee 125 INR 125 INR 125 INR 125 INR 125 INR
Reload Fee 75 INR 75 INR 75 INR 75 INR 75 INR
Reissue PIN 1 AUD 1 CAD E 1 per PIN GBP 1 per PIN 125 JPY
ATM Cash withdrawal 2 AUD 2 CAD E 1.50 GBP 1 250 JPY
Balance Enquiry 0.50 AUD 0.50 CAD E 0.50 GBP 0.50 60 JPY
Charge slip Retrieval 3 AUD 3 CAD E 2.50 GBP 1.5 375 JPY
Fee headings Charges on the SGD cardCharges on the USD cardCharges on the CHF cardCharges on the AED cardCharges on the SEK card
Issuance fee 125 INR 125 INR 125 INR 125 INR 125 INR
Reload Fee 75 INR 75 INR 75 INR 75 INR 75 INR
Reissue PIN SGD 1.25 $ 1 per PIN 1.50 CHF 3.50 AED SEK 7
ATM Cash withdrawal SGD 2.70 $2 2.50 CHF 7 AED SEK 15
Balance Enquiry SGD 0.75 $0.50 0.60 CHF 2 AED SEK 3.50
Charge slip Retrieval SGD 4 $3 3.50 CHF 10.5 AED SEK 22.50


Currency conversion service tax towards the sale and purchase of Forex currency:
Currency Conversion tax will be as applicable as per the below mentioned  service tax :

Buy and Sell Forex Currency Service Tax Amount
Up to Rs. 1 lakh

0.14% of the gross value or Rs. 35/- whichever is higher

From Rs. 1 lakh to Rs 10 Lakhs

Rs. 140 plus 0.07% of the amount exceeding Rs. 1 lakh

From Rs. 10 lakhs and above

Rs. 770 plus 0.014% of the amount exceeding Rs. 10 Lakhs, subject to a maximum of Rs. 7000

This above mentioned grid is applicable for load, reload and refund transactions.


Cross Currency Charges:
For transactions where the transaction currency is different than the currency loaded on ForexPlus card, Bank will charge cross currency markup of 3% on those transactions.

Exchange rate used will be the VISA/Mastercard wholesale exchange rate prevailing at the time of the transaction.

Forex conversion fee applicable

*Service Tax applicable on all charges

Eligibility and Documentation of ForexPlus Card

Get details on eligibility criteria & documents required for HDFC Bank ForexPlus Card

Just visit a branch with the following documentation:

  • Completed ForexPlus Application Form
  • Form A2
  • A photocopy of your Passport

Additional document for non customer
- Visa Copy or Ticket Copy

A look at the eligibility towards carrying Forex under FEMA as per the purpose of your travel:

PurposeLimit
Basic Travel Quota (BTQ) - For Holidays, Personal visits etc USD $10,000.00 per financial year
Business Travel USD $25,000.00 per Trip
Immigration - For people who settle abroad in countries like Canada, New Zealand etc. USD $100,000.00 per year
Employment Abroad - For a person who is going to work abroad USD $100,000.00 per year
Medical Treatment - For people who are travelling abroad for treatment USD $100,000.00 per year
Studies Abroad - For students pursuing studies abroad USD $100,000.00 per academic year

Already have a ForexPlus Card?

Get started with your ForexPlus Card

  • Load and reload your card - Every time you load or re-load your card, you will get an email alert on your registered Email ID with tips on 'Dos & Don'ts'. If you want to re-load your card, you need to submit a Re-load Form, A2 Form and Cheque or Debit instruction at any of our branches or simply place a reload request through PhoneBanking or NetBanking.
  • Settle Disputes – If you have any disputes related to your card, you need to submit a dispute letter to the bank stating the nature of your issue.
  • View a User Guide – You will get a physical copy of the User Guide. You can check the User Guide to know more about your card.

What can you do online?

Did you know?

  • You should not swipe your ForexPlus Card at terminals that show the transaction value in INR. Make sure you swipe your card in local currency or Card currency.
  • You can also opt for Email Statement
  • Your card is not valid for Foreign Exchange transactions in India, Nepal & Bhutan
  • When you are prompted at ATM machines or Merchant Outlets you should select the Credit Card option.
  • U.S. Banks are given the right by the local federal laws to levy a surcharge/fee from other bank customers for accessing their ATMs to withdraw money. Accordingly, many ATMs in the US do levy charges for withdrawing from their ATMs, over and above the charges levied by HDFC Bank. Similarly, there are certain ATMs in other countries that may levy a charge for transactions made by other bank customers.
  • HDFC Bank customers can also place a request to reload the card through HDFC Bank PhoneBanking or HDFC Bank NetBanking

You can also benefit from

Fees and Charges

Fee headingsCharges for the AUD CardCharges for the CAD CardCharges on the Euro cardCharges on the GBP cardCharges for the JPY Card
Issuance fee 125 INR 125 INR 125 INR 125 INR 125 INR
Reload Fee 75 INR 75 INR 75 INR 75 INR 75 INR
Reissue PIN 1 AUD 1 CAD E 1 per PIN GBP 1 per PIN 125 JPY
ATM Cash withdrawal 2 AUD 2 CAD E 1.50 GBP 1 250 JPY
Balance Enquiry 0.50 AUD 0.50 CAD E 0.50 GBP 0.50 60 JPY
Charge slip Retrieval 3 AUD 3 CAD E 2.50 GBP 1.5 375 JPY
Fee headings Charges on the SGD cardCharges on the USD cardCharges on the CHF cardCharges on the AED cardCharges on the SEK card
Issuance fee 125 INR 125 INR 125 INR 125 INR 125 INR
Reload Fee 75 INR 75 INR 75 INR 75 INR 75 INR
Reissue PIN SGD 1.25 $ 1 per PIN 1.50 CHF 3.50 AED SEK 7
ATM Cash withdrawal SGD 2.70 $2 2.50 CHF 7 AED SEK 15
Balance Enquiry SGD 0.75 $0.50 0.60 CHF 2 AED SEK 3.50
Charge slip Retrieval SGD 4 $3 3.50 CHF 10.5 AED SEK 22.50

Cross Currency Charges:
For transactions where the transaction currency is different than the currency loaded on ForexPlus card, Bank will charge cross currency markup of 3% on those transactions.

Exchange rate used will be the VISA/Mastercard wholesale exchange rate prevailing at the time of the transaction.

Forex conversion fee applicable

*Service Tax applicable on all charges

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