Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Choose your reason below and click on the Report button. This will alert our moderators to take action. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.

ET APPS ET Android App ET iPhone App ET iPad App ET Wealth Android App ET Blackberry App ET Nokia App ET Markets Android App ET Markets iPhone App ET Money Android App. FOLLOW US FACEBOOK TWITTER YOUTUBE LINKEDIN GOOGLE PLUS RSS.

International Debit Cards Benefits | Economy Watch

LATEST NEWS International Yoga Day: Study finds vagus nerve links yoga with happiness Stoke believe Bojan could have future at club after loan French firm Thales and Reliance Defence Ltd seal deal for JV BCCI to invite more applications for coach's post JD-U to back Ram Nath Kovind: MLA Kovind's candidature will be fought politically: Pinarayi Vijayan Amit Shah shed body weight, gained political weight: Home Markets News Industry Small Biz Politics Wealth MF Tech.

Jobs Opinion Blogs NRI Magazines Slideshows ET NOW ET Speed ET Portfolio. Real Estate RERA and You. Calculators IFSC Bank Code New Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Tax Impact Calculator Homeloan Refinance Calculator Retirement Savings Calculator.

NIFTY 50 9, Select Portfolio and Asset Combination for Display on Market Band. Download ET MARKETS APP. Drag according to your convenience.

Experts are Increasingly recommending travellers to go for a prepaid forex card while buying foreign currency Plastic is in and cash is out. This holds true even when you are going on a foreign trip.

Experts are Increasingly recommending travellers to go for a prepaid forex card while buying foreign currency. It is safer and cheaper than buying currency and a good hedge against currency fluctuation. Here are some reasons why you should buy a prepaid forex card to fund your expenses in your foreign holiday: If you are visiting a single country it makes sense to buy a single destination currency.

At every stage, there will be a cross currency exchange cost because the operator will charge a margin to convert the foreign exchange to the local currency.

From a security point of view, card mitigates the risk of losing cash in case of theft or loss of wallet. That ensures your amount remains safe," says Navtej Singh, Head, Direct Payment Products, HDFC Bank. Also certain forex dealers such as Centrum Direct, give a secondary card along with the original forex prepaid card.

So a customer can actually load the forex value on the prepaid card in advance when forex rates are favourable," says Navtej Singh.

Error (Forbidden)

Any debit or credit card issued in India carries currency in INR denomination. Whenever you use such a card outside the country, the transaction takes place in the foreign currency and not in INR. Hence, you have to bear a currency conversion charge known as cross currency mark-up for every transaction. Since the prepaid forex card is loaded with the local currency, you can save on this mark up cost. The difference is usually 50 paise to Rs 2.

Living and entertainment Timescity iDiva Zoom Luxpresso Gaana Happytrips Cricbuzz Get Smartapp Networking itimes MensXP. Hot on the Web UBER OnePlus 5 Top 10 mutual funds GST Sensex Gold rate today Sensex Today.

Prepaid Forex Cards Vs International Debit & Credit Cards – At a Glance! | Buy Forex Online

Services ads2book Gadgetsnow Free Business Listings Simplymarry Astrospeak Timesjobs Magicbricks Zigwheels Timesdeal dineout Filmipop Remit2india Gaana Greetzap Techradar Alivear Google Play Manage Notifications. Digg Google Bookmarks StumbleUpon Reddit Newsvine Live Bookmarks Technorati Yahoo Bookmarks Blogmarks Del.

My Saved Articles Sign in Sign up. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.

Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed.