Planning a trip abroad? Whether you are heading out for studies, business, or vacation, carrying foreign currency safely is a top priority. That’s where a forex card comes in. Preloaded, secure, and easy to use—forex cards are one of the best ways to manage money overseas. But before you can get one, you need to know what documents are required for a forex card.
At Multimoney Forex, we make the process smooth and transparent. In this guide, we break down everything you need to know about the important forex documents, the application process, and why it’s a smart travel choice.
What is a Forex Card and Why Do You Need One?
A forex card is a prepaid travel card that lets you load foreign currency and use it abroad like a debit card. It can be swiped at international merchants, used at ATMs, or even for online purchases in foreign currency. A travel card could be a single currency one or a multi-currency card.
Why is a forex card needed?
Because it’s safer and more cost-effective than carrying cash or using an international debit/credit card. You lock in the exchange rate at the time of loading, so you are protected from currency fluctuations. Forex cards can simplify transactions and can provide better exchange rates compared to cash exchanges. You can explore this useful guide to know the advantages of forex cards in detail.
Documents Required for Forex Card
If you are wondering what documents are required for forex card? here’s the complete list. These may vary slightly depending on your travel purpose, but these are the standard documents:
1. Valid Passport
Your passport is the primary ID proof. A clear copy of the first and last pages is mandatory.
2. PAN Card
As per RBI regulations, a PAN card is required for all foreign exchange transactions.
3. Visa (where applicable)
A valid visa for the country you are traveling to. If you’re applying for a forex card for tourism, education, or business travel, the visa helps verify your travel intent.
4. Confirmed Air Ticket
Most forex providers require a copy of your confirmed flight ticket. This ensures that the card is being issued for genuine travel.
5. Purpose-Specific Documents
– For students: Admission letter from the university/institution.
– For business travel: Invitation letter or company letter stating travel details.
– For personal visits/tourism: Basic documents like passport, visa, and ticket are enough.
Common FAQ’s
1. Can I Get a Forex Card Without a Visa?
Many travelers ask: *Can I get a forex card without a visa?* The answer is: **usually no**. Visa is a standard requirement for issuing a forex card. However, if your visa is under process but your travel date is close, speak to your service provider—they may be able to help based on your situation.
2. How Long Does It Take to Get a Forex Card?
Wondering *how long does it take to get a forex card*? At Multimoney Forex, we issue forex cards within a few hours of receiving your documents. In most cases, you can walk into a branch with your documents and can get your forex card same day, in most cases.
For online orders, the process usually takes 24 to 48 hours, depending on the location and document verification.
3. Where Can I Get a Forex Card?
You can get a forex card from any RBI-authorized dealer like Multimoney Forex. We are an RBI Authorised AD-|| Dealer with 30 branches across India and also offer online booking. Whether you prefer face-to-face assistance or a digital experience, we have got you covered.
4. Why Choose Multimoney Forex for Your Forex Card?
We make foreign exchange easy, transparent, and customer-friendly. Here’s what sets us apart:
– Best exchange rates with no hidden charges
– Fast issuance of forex cards
– RBI-compliant and secure process
– Multi-currency card options for frequent travelers
– 24×7 customer support for travel emergencies
Tips Before You Apply for a Forex Card
– Make sure all your documents are valid and legible.
– Double-check the travel dates and currency needed.
– Keep copies of your documents handy during travel.
– Load the card a few days before departure to avoid last-minute issues.
Final Say
Getting a forex card doesn’t have to be complicated. With Multimoney Forex, you get a fast, reliable, and secure way to carry foreign currency. All you need are the right documents and a few minutes to apply. Whether you’re traveling for education, business, or leisure, a forex card is a must-have in your wallet.
Ready to apply? Visit your nearest Multimoney Forex branch or book online to get your forex card today.