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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Explore the World with IDFC FIRST Multi-Currency Forex Card!
Enjoy Zero charges on reloading and card issuance
with best-in-class travel insurance coverage!
Explore the World with IDFC FIRST Multi-Currency Forex Card!
Enjoy Zero charges on reloading and card issuance with best-in-class travel insurance coverage!
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Zero Charges on Card Issuance, Load & Reload
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Best-in-class Travel insurance coverage
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Complimentary Replacement Card
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Zero Charges on Card Issuance, Load & Reload
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Best-in-class Travel insurance coverage
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Complimentary Replacement Card
Forex Card - Multi Currency Prepaid Cards
It is a globally accepted card carefully curated to simplify your financial transactions and make international travel hassle-free. Just like your regular Credit/Debit cards, Forex Prepaid Cards can be used to make payments in local currency abroad and even for withdrawing cash from ATMs. It is a pre-loaded card with multi- currency options to make exchanges safe and secure.
Once you are back home, you can encash the unused amount on your Forex Prepaid Card at the existing exchange rates. To avoid misuse of card, you can also get this travel card blocked as soon as you are back from your trip. So, the next time you travel overseas, please remember to swipe this card, anywhere at ease in order to pay for your expenses instead of cash.Read More
Our Forex Multi- Currency Prepaid Card offers 14 different currencies. These currencies are United States Dollar (USD), Euro (EUR), Great Britain Pound (GBP), Singapore Dollar (SGD), Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), Swiss Franc (CHF), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Dubai Dirhams (AED), Norwegian Kroner (NOK), Chinese Yuan (CNY) & South African Rand (ZAR).Read Less
Forex Prepaid Card Features
Card kit comes with a Complimentary Replacement Card along with the Primary Card. So, if you happen to lose or damage the Primary Card, you can easily activate the Replacement Card
Transact in any currency around the world with your Forex Prepaid Card. The amount gets debited either from that currency wallet or any other currency wallet should there be insufficient funds in your requested currency.
Access ATM’s Worldwide with single ATM PIN for all currencies
Accepted at millions of VISA merchant establishments/ ecommerce websites around the world (except India, Nepal & Bhutan)
Use your card Worldwide
Wallet to wallet fund transfer
Transfer funds from one currency wallet to other on the go. Cross currency charges would be levied
Best-in-class Travel Insurance coverage
Free refund/ replacement on return to India
Encash unutilized balance upon your return to India. Keep the balance on your card until you request for refund/ replacement
Emergency Travel Assistance and Cash support
24*7 helpline and assistance service
Forex Calculator
Avail foreign currency exchange rates in 14 currencies to 100+ countries.
Steps for Issuance of Forex Card
- 1Walk-in to the branch
- 2Fill in the Forex Prepaid Card Application form
- 3Submit required documents
- 4In case of Insta card, card will be handed over right away & loading will happen within few hours
- 5In case of personalised card, card will be dispatched to customer within 7 business working days
- 6On receiving the card, customer can unblock it through mobile app & start using
Branch Locator
Watch video instruction
Login to Self-Care Portal
What makes IDFC FIRST Bank Forex Prepaid Card Safe and Secure
1) CHIP & PIN technology
2) The dispatched card comes in blocked status as default, with option to unblock it after due receipt by the customer.
IDFC FIRST Bank Forex Card Insurance Proposal
| Coverages | Amount |
| Skimming / Cloning / Counterfeit / Online Fraud Protection/ Lost card Liability | INR 500,000 |
| ATM Assault & Robbery | INR 100,000 |
| Purchase Protection | INR 150,000 |
| Accidental Death-24 Hrs | USD 36,000 |
| Loss of Checked in Baggage (Per article/per bag-10%/50%) | USD 360 |
| Missed Connection | USD 500 |
| Hijack Daily Allowance (USD 300/500 per day) (Max 10 Days) | USD 5000 |
| Delay of Checked in Baggage- After 12 HRS | USD 500 |
| Emergency Medical Expense- Accident Only | INR 100,000 |
The above rates would be applicable with a condition to have a FIR / Police complaint lodged for each and every claim with a mandatory internal investigation done by the Bank.
Schedule of Charges
| Currency | ATM Withdrawal Charges (First 3 withdrawals p.m free) |
ATM Balance Enquiry Charges (Charge applicable from 1st Transaction) |
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| Fee Component | USD | 1.5 | 0.25 |
| GBP | 1 | 0.25 | |
| EUR | 1 | 0.25 | |
| CAD | 1.5 | 0.25 | |
| AUD | 1.5 | 0.25 | |
| SGD | 2.5 | 0.50 | |
| AED | 6.5 | 1.5 | |
| CHF | 1.5 | 0.25 | |
| JPY | 200 | 50 | |
| ZAR | 20 | 4 | |
| NZD | 2 | 0.50 | |
| HKD | 10 | 3 | |
| NOK | 10 | 3 | |
| CNY | 10 | 3 |
| Currency | Daily ATM Cash Withdrawal Limit | |
| ATM Cash withdrawal Limit | USD | 5,000 |
| GBP | 4,000 | |
| EUR | 4,700 | |
| CAD | 6,600 | |
| AUD | 7,000 | |
| SGD | 7,000 | |
| AED | 18,000 | |
| CHF | 4,500 | |
| JPY | 6,00,000 | |
| ZAR | 70,000 | |
| NZD | 7,900 | |
| HKD | 38,000 | |
| NOK | 50,000 | |
| CNY | 34,000 |
3rd Add on card will be chargeable @ INR 200 + GST.
Cross-Currency Markup Charges @3.5% + GST.
Charge Back Fee is USD 2 Equivalent.
Disclaimer: Cardholder is responsible for the security of the Card, it should not be left unattended at any time. Financial liability charged to the Bank on account of the loss of card abroad shall be borne by the Cardholder in actuals.
International toll free numbers
Access the 24*7 helpline and assistance services at below IDFC FIRST Bank Customer Care Toll Free Numbers.
Calling from INDIA: 1800 10 888
Calling from overseas
USA 18337039805
UK 0 8000 478 414
AUSTRALIA 1800314585
HONG KONG 852 30082199
GERMANY 8001815050
CANADA 18337039811
SINGAPORE 800 101 4006
UAE 8000 187 922
SWITZERLAND 41225449992
SPAIN 34935472751
FREQUENTLY ASKED QUESTIONS
What is a Forex Card?
A Forex Card or a travel card is like any regular bank Credit or Debit card that can be used to for currency exchange, as well as to withdraw cash from ATMs. It simply offers individuals an easier and more secure option of handling your transactions while travelling abroad. This Forex Prepaid Card is a preloaded card and can be loaded with multiple currencies and is accepted globally.
How to apply for a Forex Prepaid Card?
You can apply for a Forex Prepaid Card through IDFC FIRST Bank’s branch or IDFC FIRST Bank Optimus App. It is generally a very quick simple process, which requires only minimal documentation.
How does a Forex Prepaid Card work?
The Forex Prepaid Card works just like a Credit/Debit Card for currency exchange at merchant establishments overseas that have an electronic terminal or at online websites. The only difference is that the amount is directly debited from your Forex Prepaid Card balance. You can also use this card to withdraw cash at all Visa ATMs worldwide.
To keep a track of your balance and transactions, you can activate SMS alerts or notifications from the issuing bank/financial institution.
How can I transfer money from my bank account to Forex Card?
You will need to place a request for loading/ reloading of the new Forex Prepaid Card through branch.
Does a Forex Prepaid Card have a validity period?
Yes, IDFC FIRST Bank’s Forex Multi-Currency Card has a validity of 5 years.
Can I use a Forex Prepaid Card at an ATM?
Yes, you can use your Forex Prepaid Card at any international ATMs easily.
Will I be charged TCS on issuance of Forex Card?
• Tax Collected at Source (TCS) on LRS transactions is a regulatory requirement amended under the section 206C of Finance Act 2020
• All transactions falling under LRS, will attract TCS as below:
Spend Category |
TCS Rate |
Leisure Travel/ Private Visit |
5%** for an annual aggregate remittance upto INR 7 Lakh, |
Education through loan |
Nil upto an annual aggregate remittance of INR 7 Lakh |
Education without loan/ medical |
Nil upto an annual aggregate remittance of INR 7 Lakh |
All other type of transactions |
Nil upto an annual aggregate remittance of INR 7 Lakh |
• *TCS rate would be double if ITR is not filed for last 2 applicable years
• Customers may claim credit for Tax collected by the Bank while filing their income tax returns. Customers to consult their tax advisors/consultant for further information
How much GST will be levied on issuance of Forex Card?
As per rule 32 of Central Goods & Services Tax Rules, 2017 the value of supply of services in relation to purchase or sale of foreign currency is determined as under :
| Amount of currency exchanged | Value of Supply |
| Up to INR 1,00,000 | 1% of gross amount exchanged, subject to minimum amount of INR 250 |
| From INR 1,00,001 to INR 10,00,000 | INR 1,000 plus 0.5% of gross amount of currency exchanged for an amount exceeding one lakh rupees and up to ten lakh rupees and |
| Above INR 10,00,000 | INR 5,500 plus 0.1% of gross amount of currency exchanged for an amount exceeding ten lakh rupees, subject to maximum amount of sixty thousand only. |
GST is payable @ 18% on value of supply determined as per above table.
Where can I see the breakup of Markup and GST applied on cross currency transactions?
You can call our Toll-free number to get the amount breakup.
