You should not use your Foreign Travel Card to make a purchase or ATM withdrawal in Indian Rupees as you are prohibited from doing so by law and you should choose to pay in the local currency. Please note that there will be an additional cost if the point of sale transaction or ATM withdrawal is in a currency other than the currencies on the card, or if more than one currency on your card is used to pay for the transaction.
Please refer to the Fees and Limits Table for further information in the fees and limits section of this website or in the Terms and Conditions. Other benefits include:. There are a number of countries where the use of State Bank Foreign Travel Card is currently prohibited. If you attempt to withdraw cash from a cash machine, or use your Card at shops, restaurants, hotels and online in any of these countries, your request will be declined and the reason given as 'Decline, prohibited country'.
We are very aware of the threat and concerns you have regarding such issues, which is why fraud prevention is of paramount importance to us. We know our customers. Every day we monitor transactions on our Cards, to detect unusual behaviour and if we spot something uncharacteristic, we'll contact you to verify your transactions. Never write down a PIN or keep it together with the Card.
Credit Cards
Be very alert when using ATMs, and ensure that:. This can happen at petrol stations, restaurants, bars and at ATMs. Skimmed card information is often sold on to organised crime groups. Make sure that you're using a secure browser. A secure browser such as Microsoft Internet Explorer or Mozilla Firefox will indicate whether the website you are visiting is secure or not.
These browsers scramble your personal data before sending it, so no one else can read it. Ensuring that your computer has up-to-date virus protection and a firewall will help protect you from attacks. What makes forex card the best choice is that it is like a prepaid travel card that you can load with a foreign currency of your choice. Also, you can use a forex card just like a credit or debit card to pay in a local currency abroad.
Forex Prepaid Cards FAQs
To the benefits, also add the fact that it allows you to withdraw cash from bank ATMs. Banks also provide many offers on their forex cards. Thus, you get rewards as well for using it. Banks do offer different types for Forex card as per the requirement by their customers. Subscribe on YouTube. Many cases take months to get resolved," said Menon.
Online banking for credit cards
It gets more complicated in cases of fraud as most banks demand an FIR to be lodged in the country where the fraud has taken place. What usually happens is that by the time you realise that a fraud has happened, you have most likely moved out of that country. It becomes difficult to explain all that to the legal team of the bank. Then it is up to the bank to consider the particular case," Menon said. Using a forex card has its benefits, but if you end up in a dispute, or your card gets compromised, you are in for trouble.
Travel Forex Card - Apply Forex Card Online - Axis Bank
Keep your card-related information secure and be vigilant while swiping the card. Click here to read the Mint ePaper Mint is now on Telegram.
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