Indusind Bank Multi-currency Forex Card Review

By | July 5, 2021

Indusind Bank Multi-currency forex card is designed to make your foreign transaction hassle-free. This card is widely accepted in more than 14 countries. It is created to save you from foreign exchange fluctuations.

Now let us see what is new in this.

Indusind forex card review

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Indusind Forex card Fees

Particular Description
Issuance feeRs.300
Reload feeRs.100
Forex fee3.50%

Features & Benefits

  • No currency conversion charges
  • Zero processsing fees
  • Instant transaction alert
  • Can be used online
  • It will charge no extra cost for booking airlies, hotel, flight booking using this card.
  • Get Rs.500 off on sending money abroad through wire transfers.

It can load up to 14 currencies in a single card; the currencies are USD, EUR, GBP, AUD, CAD, AED, CHF, and more.

How It Works

How To Apply?

You can apply for the card in the following manner:

  1. You have to visit the IndusInd Bank website to apply for the card.
  2. Fill up all the information to apply for the card
  3. Submit all the necessary documents required for the credit card

Indusind Forex card Eligibility

Indusind forex card eligibility
  • Applicant must be a resident of India.
  • For corporates who are planning to send their employees abroad
  • Students who are planning to travel abroad

Indusind Forex card Documents Required

  • Copy of first and last page of passport.
  • PAN or Form60 in lieu in case if amount is Rs.50,000 or above.
  • Address Proof
  • Documents related to travel

Our Suggestion

Clearly, this card is made for people who are staying temporarily in other countries. It does not mean that you can not get this card if you live in India. But there is no worth of having this if you live here only.

The best thing about this card is that it charges low cross-currency fees. That is why it is suggested to take a forex card if you’re moving abroad for a long period of time, like 1-3 years.

Strength-Weakness

Strength Weakness
Low issuance feesNo rewards offered
Easy to apply

Bottom Line

It is a good card, but there is not much difference between the multicurrency and Regalia forex cards. They launched this card with the phrase that there are no conversion charges, but they are charging in the form of taxes.

You can go for this card if you travel a lot, but still, it is recommended to keep credit cards when you travel abroad. Credit cards are much safer and easier to use, plus they give a good amount of returns in the form of rewards.

According to us, the bank must put more options to earn a reward, as the offers available now will make us lose more towards taxes. So, it is always advisable to check the recommendations and dividends before applying for the card.


FAQs

Can we use this card in India?

No, you can not use this card in India.

How to apply for Indusind Bank Multicurrency forex card ?

You can apply for the card in the following manner:

  1. You have to visit the IndusInd Bank website to apply for the card.
  2. Fill up all the information to apply for the card
  3. Submit all the necessary documents required for the credit card

Can we reload this card outside India?

No, you can not reload this card outside India. Your friend and family can reload your card from any nearest Indusind bank branch, or it can be done by a card issuing agent as well.

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