What is an Axis Forex Card and Who is Eligible for It?
The Axis Forex Card is a prepaid travel card issued by Axis Bank, one of the leading private sector banks in India. It is designed to provide a convenient and secure way for travelers to carry foreign currency when going abroad. In this article, we will explore what an Axis Forex Card is and who is eligible to apply for it, highlighting its features and benefits to help you make an informed decision for your travel needs.
1. Understanding the Axis Forex Card
The Axis Forex Card is a multi-currency card that allows you to load multiple foreign currencies onto a single card. It offers the convenience of carrying different currencies in one card, eliminating the need to carry cash or multiple currency notes. The card is accepted at millions of Visa merchant outlets worldwide and can be used for various transactions, including shopping, dining, and ATM withdrawals.
2. Eligibility Criteria
Axis Bank has set certain eligibility criteria for individuals interested in applying for an Axis Forex Card. The general eligibility requirements include:
Residential Status:
The applicant must be a resident of India, including Resident Individuals, Resident Senior Citizens, and Resident Minors. Non-resident Indians (NRIs) are not eligible for an Axis Forex Card.
Age Criteria:
The minimum age requirement for the primary cardholder is 18 years, while the maximum age limit is 70 years. The age criteria may vary for add-on cardholders.
Account with Axis Bank:
While an Axis Bank account is not mandatory to apply for an Axis Forex Card, having an account with Axis Bank can simplify the application process.
3. How to Apply for an Axis Forex Card
To apply for an Axis Forex Card, you can follow these simple steps:
Step 1: Visit Axis Bank’s website
Go to Axis Bank’s official website and navigate to the Forex Cards section. Select the Axis Forex Card option.
Step 2: Choose the Card Variant
Axis Bank offers different variants of the Forex Card, such as the Multi-Currency Forex Card and the Single Currency Forex Card. Choose the variant that suits your travel requirements.
Step 3: Fill in the Application Form
Fill in the required details in the application form, including personal information, travel details, and the amount of foreign currency you wish to load onto the card.
Step 4: Submit Documents
Upload the necessary documents as per the bank’s requirements. These may include identity proof, address proof, and passport-sized photographs.
Step 5: Make Payment
Make the payment for the Forex Card, which includes the issuance fee and the amount you wish to load onto the card.
Step 6: Card Delivery
Once your application is processed and approved, the Axis Forex Card will be delivered to your registered address within a specified timeframe.
4. Benefits of Axis Forex Card
The Axis Forex Card offers several benefits to travelers:
Convenience:
The card allows you to carry multiple currencies in one card, reducing the need to carry cash or manage different currency notes.
Security:
The Forex Card is equipped with chip and PIN technology, providing enhanced security against fraud and unauthorized transactions.
Global Acceptance:
The card is accepted at millions of Visa merchant outlets worldwide, offering you the convenience of making payments and withdrawals during your travels.
Online Management:
You can conveniently manage your Forex Card online, track your transactions, reload funds, and check your balance through Axis Bank’s internet banking or mobile app.
Emergency Assistance:
If you lose your Forex Card or need emergency assistance, Axis Bank provides 24×7 customer support to help you block the card, arrange for emergency cash, or provide replacement cards.
Conclusion
The Axis Forex Card is a convenient and secure travel card that allows you to carry multiple foreign currencies in one card. Eligible individuals, including resident individuals, resident senior citizens, and resident minors, can apply for the card. By applying for an Axis Forex Card, you can enjoy the benefits of convenience, security, and global acceptance during your travels, making it an ideal companion for your international trips.
