How to apply for the HDFC Bank Multicurrency Forex Card?

• You can apply for a Multicurrency Forex Card online, through our
  Website or by visiting an HDFC Bank branch near you.

For HDFC Bank Customers

• Step 1: Enter your Customer ID or RMN and the verification code sent to it.
• Step 2: Fill out the application form, entering details like country of travel, currency type and total currency required.
• Step 3: Find out the total cost, including amount loaded, Forex conversion charges, etc., and complete the payment process.
• Step 4: Provide your address and other necessary information in the Traveller Details section of the form.
• Step 5: Your Forex Card will be delivered to you on the address provided.

For Non-HDFC Bank Customers

• Step 1: Enter your mobile number and the verification code sent to it.
• Step 2: Fill out the application form, entering details like, country of travel, currency type and total currency required.
• Step 3: Find out the total cost, including amount loaded, Forex conversion charges, etc., and complete the payment process.
• Step 4: Provide your address and other necessary information in the Traveller Details section of the form.
• Step 5: Visit the nearest HDFC Bank branch, verify KYC documents, and collect your Forex Card.

Anyone can apply for a ForexPlus Card, no need to be an HDFC Bank customer. 

Following are the mandatory KYC documents required along with a signed copy of the application form:

Already holding an account with us :

• Self-attested copy of valid passport 
• Self-attested copy of PAN ( If PAN not updated in the account)

If you do not hold an account with us :

• Self-attested copy of valid passport 
• Self-attested copy of PAN 
• Copy of your international travel ticket OR visa (anyone).
• Copy of Passbook OR one year Account Statement, used for funding the Forex card. 

Note – Bank reserves the right to review and amend / modify the list of KYC documents requirement as per KYC regulatory guidelines/ internal policies.

Please carry the applicable KYC documents along with self-attested copies at the time of collecting the card from branches or keep them ready in case of home delivery.

Please note the card will be activated only after complete verification of the KYC documents.

• Reload the ForexPlus card using any of the multiple online* and offline
  modes below:
  
  
  • Quick Reload – load the card in 3 simple steps, with just your card number. 
  • HDFC Bank Prepaid Card NetBanking 
  • HDFC Bank NetBanking 
  • HDFC Bank Branches 
  • Online Reloading of card is available for existing HDFC Bank customers only. Funding from NRO accounts / Debit Cards not allowed. 

Card issuance Fee of INR 500 plus applicable GST per card
Reload Fee: ₹75 plus applicable GST per reload transaction currency wise
Transaction Charges : As mentioned below

*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

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.

The HDFC Bank Multicurrency ForexPlus Card can be used for transactions online on all major e-commerce platforms. During payment check-out at e-commerce platforms, the transaction will be authenticated either with OTP or Prepaid Card NetBanking password.

To enable the Online payment (E-commerce) service on the card, follow the mentioned steps:

• Log in to Prepaid Card NetBanking with your User ID.
• Go to “Account Summary” tab and select “Manage My Profile” option.
• Click on “Manage My Limits” tab and then select your “Card”.
• Enable the service & set transaction/daily limit.

All ATM & Point of Sale transactions (POS) are authenticated through PIN, making the card more secure with an embedded CHIP on the card. Transactions initiated on payment machines located outside India may get processed without PIN, depending on the guidelines followed in the respective countries. In such cases, the cardholder needs to sign the transaction slip.

Daily Limit for ATM Cash Withdrawal: Up to USD 5,000* or equivalent in any other currency

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

Click Here to know more on the limits and charges in detail

• Long Term Validity: Your Forex Card is valid for 5 years from the date of card indenting.
• Usage: Use the same Forex Card for multiple trips, and load currencies based on changing destinations.
• Reload limit: Load up to US $250,000 (Or equivalent amounts in up to 22 currencies) in a financial year
• Total Security: Secured encryption features on the card ensure your funds are always protected. 
• Easy Reloading: Reload your card online, any time, from any corner of the world.

• HDFC Bank offers easy access to HDFC Bank PhoneBanking services through International toll-free numbers across 32 countries, click here.

*Charges as applicable.

HDFC Bank Multicurrency ForexPlus Card comes with a built-in PayWave technology to make contactless payments at retail outlets. You can just wave the card at a distance of 4 cm or less from the payment machine and make the payment securely.

To enable Contactless service on the card, follow the below mentioned steps:

• Log in to Prepaid Card NetBanking.
• Go to the “Account Summary” tab and select the “Manage My Profile” option.
• Click on “Manage My Limits” tab and then select your “Card”.
• Enable the service & set transaction/daily limit.

• *The Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.