Card issuance Fee: INR 500 plus applicable GST per card

Reload Fee: INR 75 plus applicable GST per reload transaction currency wise

Transaction Charges : As mentioned below

Sr NoCurrencyATM Cash Withdrawal FeeBalance Enquiry FeeDaily Limit* for ATM Cash Withdrawal
1US Dollar (USD)USD 2.00USD 0.50USD 5000
2Euro (EUR)EUR 1.50EUR 0.50EUR 4700
3Swiss Franc 
(CHF )
CHF 2.50CHF 0.60CHF 5000
4British Pound (GBP)GBP 1.00GBP 0.50GBP 4000
5Canadian Dollar (CAD)CAD 2.00CAD 0.50CAD 6600
6Australian Dollar (AUD )AUD 2.00AUD 0.50AUD 6800
7Japanese Yen (JPY)JPY 250.00JPY 60.00JPY 580000
8Singapore Dollar (SGD)SGD 2.70SGD 0.75SGD 7000
9UAE Dhiram (AED)AED 7.00AED 2.00AED 18000
10Swedish Krona (SEK)SEK 15.00SEK 3.50SEK 45000
11Hong Kong Dollar (HKD)HKD 16.00HKD 4.00HKD 38000
12Thailand Baht (THB)THB 63.00THB 16.00THB 178000
13South African Rand (ZAR)ZAR 22.00ZAR 5.50ZAR 67000
14New Zealand Dollar (NZD)NZD 2.50NZD 0.60NZD 7100
15Omani Riyal (OMR)OMR 0.70OMR 0.25OMR 1900
16Danish Krone  (DKK)DKK 11.00DKK 2.75DKK 35000
17Norwegian Krone  (NOK)NOK 12.50NOK 3.25NOK 42000
18Saudi Riyal (SAR)SAR 7.50SAR 2.00SAR 18600
19Korean Won (KRW)KRW 2400KRW 600KRW 5800000
20Bahrain Dinar (BHD)BHD 0.75BHD 0.20BHD 1800
21Qatari Riyal (QAR)QAR 7.50QAR 1.80QAR 18000
22Kuwait Dinar (KWD)KWD 0.60KWD 0.15KWD 1500

*GST as applicable

**The withdrawal limit may vary in case lower limit has been set by the ATM Acquiring Bank.

Cross currency Conversion Mark-up charges: 

  • For transactions where the transaction currency is different than the currency available on Multicurrency ForexPlus Card, the bank will charge cross currency markup of 2% on such transactions.
  • Exchange rate used will be the VISA/MasterCard wholesale exchange rate prevailing at the time of the transaction. Exchange rate used will be the Mid rate prevailing at the time of the transaction 
  • For cross currency transactions involving wallet to wallet transfers within currencies available on the Multicurrency ForexPlus card, the customer will be charged 2% cross currency mark up.
  • GST will be applicable on Currency Conversion & other fees as per prevailing rate.

Currency Conversion Tax:

  • Applicable on load, reload and refund transactions
Buy and Sell Forex CurrencyService tax amount
Up to Rs 1 lakh0.18% of the gross value or Rs45 - whichever is higher
Rs 1 lakh to Rs 10 lakhsRs 180 + 0.09% of the amount exceeding Rs. 1 lakh
> Rs. 10 lakhsRs. 990 + 0.018% of the amount exceeding Rs. 10 lakhs

Tax Collected at Source (TCS)

  • Tax Collected at Source (TCS) is applicable under the provision of Financial Act, 2020. To know more Click Here.

Limit of Amount that can be loaded on Forex Cards as per Liberated Remittance Scheme

  • Maximum USD $250,000 in a financial year

*Note: Liberalised Remittance Scheme (LRS), is a facility where all resident individuals (as defined under FEMA 1999), including minors, are allowed to freely remit up to USD 250,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.