Indus Multicurrency Forex Card

IndusInd Bank · prepaid forex card · Open to buy

IndusInd Bank's multi-currency forex card on Visa: 14 currencies, ₹300 to issue and ₹100 to reload or cash out, ATM fees in each currency, a 3.5% cross-currency markup and a quarterly fee after 18 months unused.

Currencies
14 currencies: USD, EUR, GBP, AUD, CAD, AED, CHF, HKD, JPY, NZD, SAR, SGD, ZAR, THB
Cross-currency markup
3.5%
Issuance
₹300 once
Reload
₹100
ATM withdrawal
USD 2, EUR 1.5, GBP 1
Data
From bank documents, checked 6 Nov 2026

Where the sources disagree

  • Issuance fee: The schedule of charges gives ₹300; the IndusForex FAQ says "INR 150 Of card issuance charge" for a new purchase, and the product page offers "Rs.150 off" with a coupon on loads of ₹50,000 or more. We use the schedule.
  • Free ATM withdrawals: The 2019 handbook, still linked as the "FOREX CARD HANDBOOK", promises "2 Free ATM withdrawals" and "Zero currency conversion charges"; the schedule says "No free ATM withdrawal w.e.f 01st Dec 2019" and a 3.5% markup.

Not in these numbers

  • Rates are "basis the live market data feed"; no margin over a market rate is published, so the comparison leaves it out.
  • Insurance (₹2 lakh fraudulent charges, ₹10 lakh air accident, ₹1 lakh purchase protection, checked baggage, passport, ATM assault) appears only in the 2019 and 2022 handbooks; the current product and IndusForex pages do not mention it, so it is not entered as a benefit.
  • Validity is not published for the current card: the 2022 terms gave 36 months; the 2025 terms of the separate Tata Neu IndusInd forex card give 60 months.
  • No declined-transaction or closure fee is published (closure is an encashment at ₹100).

Sources

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