ForexPlus Chip Card

Protection against exchange rate fluctuation with enhanced protection against skimming & misuse through EMV Chip

Benefits

  • Protection against card skimming and misuse
  • 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

ForexPlus Chip Card

What are the benefits of HDFC Bank Forex Plus Chip Card

Features

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

  • Protection against Foreign Exchange fluctuation
    ForexPlus Chip card is availabe in Euro / GBP & 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. Euro / GBP & US Dollars, you don't lose out on foreign exchange due to fluctuating market rates
  • Available in Euro, Sterling Pound, US Dollar Currencies
    The HDFC Bank ForexPlus Chip card is currently available in 3 currencies, USD, Euro and GBP. Each of these currencies is accepted worldwide and can be changed into the currency of the country that you are in.
  • Safer and more secure
    The card has an embedded chip which stores confidential information in encrypted form, offering a greater level of security against counterfeiting and skimming card frauds as compared to magnetic strip cards. 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. This facility is available 24 hours 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 Chip 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 Phone Banking or HDFC Bank NetBanking.
  • Backup card facility available
    HDFC Bank ForexPlus Chip 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, track your spends, check your balance, change your IPIN and lodge an online request to change your PIN. What’s more, we'll even send a statement of accounts 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 Chip Card Charges

Enclosed below are HDFC Bank ForexPlus Chip Card Charges

Schedule of charges Charge for the Euro Card Charge on the GBP card Charge on the USD card
Issuance fee 175 INR
175 INR
175 INR
Reload Fee 75 INR 75 INR 75 INR
Re-issue card fee 100 INR 100 INR 100 INR
Reissue ATM PIN € 1.00 £1.00 $ 1.00
ATM Cash withdrawal € 1.50 £1.00 $2.00
Balance Enquiry € 0.50 £0.50 $0.50
Charge slip Retrieval € 2.50 £1.50 $ 3.00

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 Chip 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 Chip Card

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

Get started with your ForexPlus Chip Card

Have you got your ForexPlus Chip Card? You will also be able to:

  • Load and Re-load 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.

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Fees and Charges

Schedule of charges Charge for the Euro Card Charge on the GBP card Charge on the USD card
Issuance fee 175 INR
175 INR
175 INR
Reload Fee 75 INR 75 INR 75 INR
Re-issue card fee 100 INR 100 INR 100 INR
Reissue ATM PIN € 1.00 £1.00 $ 1.00
ATM Cash withdrawal € 1.50 £1.00 $2.00
Balance Enquiry € 0.50 £0.50 $0.50
Charge slip Retrieval € 2.50 £1.50 $ 3.00

Cross Currency Charges:
For transactions where the transaction currency is different than the currency loaded on ForexPlus Chip 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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