ISIC Student ForexPlus Card Fees and Charges

  • Card issuance Fee: ₹300 plus applicable GST per card
  • Reload Fee: ₹75 plus applicable GST per reload transaction currency-wise
  • Reissuance/Replacement Fee: ₹100 plus applicable GST per card
  • Transaction Charges:
Currency ATM Cash Withdrawal Balance Enquiry Daily Limit for ATM Cash Withdrawal
USD $ 2.00 per transaction USD 0.50 per transaction USD 5000
EUR EUR 1.50 per transaction EUR 0.50 per transaction EUR 4700
GBP GBP 1.00 per transaction GBP 0.50 per transaction GBP 4000


*GST as applicable. 

Cross currency Conversion Mark-up charges:

  • For transactions where the transaction currency is different than the currency available on HDFC Bank Student ISIC Forex Card bank will charge cross currency markup of 3% 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.
  • GST will be applicable on Currency Conversion & other fees as per the prevailing rate.

Currency Conversion Tax:

  • Applicable on load, reload and refund transactions
Transaction Amount Service Tax Amount
Up to ₹1 lakh 0.18% of the gross value or ₹45 (whichever is higher)
₹1 lakh – ₹10 lakh ₹180 + 0.09% of the amount exceeding ₹1 lakh
Above ₹10 lakh ₹990 + 0.018% of the amount exceeding ₹10 lakh


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.
  • Click here for the most important Terms & Conditions. 
  • Click here to learn more about the HDFC Bank ISIC Student ForexPlus Card. 
  • Click here to learn more about the HDFC Bank ISIC Student ForexPlus Card.

Disclaimer: Terms and conditions apply. Forex Card approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.

Frequently Asked Questions

The HDFC Bank ISIC Student ForexPlus Card has an issuance fee of ₹300 plus applicable GST per card.

The HDFC Bank ISIC Student ForexPlus Card has a reload fee of ₹75 plus applicable GST per reload transaction.

The HDFC Bank ISIC Student ForexPlus Card has a reload fee of ₹100 plus applicable GST.

The HDFC Bank ISIC Student ForexPlus Card charges $2 for ATM cash withdrawals and $0.50 for balance enquiries when dealing in USD.

The HDFC Bank ISIC Student ForexPlus Card charges €1.50 for ATM cash withdrawals and €0.50 for balance enquiries when dealing in Euro.

The HDFC Bank ISIC Student ForexPlus Card charges £1.00 for ATM cash withdrawals and £0.50 for balance enquiries when dealing in GBP.

The HDFC Bank ISIC Student ForexPlus Card charges a 3% cross-currency markup fee for transactions where the transaction currency is different from the currency available on the card. This fee applies to wallet-to-wallet transfers within the card's currencies.

The HDFC Bank ISIC Student ForexPlus Card charges a currency conversion tax on load, reload, and refund transactions. The tax is 0.18% of the gross value or ₹45 (whichever is higher) for amounts up to ₹1 lakh, ₹180 plus 0.09% for amounts exceeding ₹1 lakh, and ₹990 plus 0.018% for amounts exceeding ₹10 lakh.

The HDFC Bank ISIC Student ForexPlus Card allows a maximum load and reload limit of USD 250,000 or equivalent in any other currency per financial year, as per the Liberalised Remittance Scheme (LRS) guidelines.

TCS applies under the Financial Act 2020 provision. To know more, click here.