HDFC Forex Card Charges in 2022

HDFC bank offers five types of forex cards for different traveling purposes. 

Five Forex cards are –

  • MakeMyTrip HDFC Bank ForexPlus Card for travel purpose
  • Regalia ForexPlus Card for frequent travelers
  • Multicurrency Platinum ForexPlus Chip Card for business, travel and others
  • ISIC Student ForexPlus Card for Students
  • Hajj Umrah Card for Pilgrims

According to the FEMA guidelines, you can load a maximum limit of USD $250,000 in a financial year. You do not need to be an existing HDFC Bank customer to apply for the HDFC Bank Forex Card.

HDFC Forex Card Charges

#1. MakeMyTrip Hdfc Bank ForexPlus Card

MakeMyTrip HDFC Bank ForexPlus Card

MakeMyTrip HDFC Bank ForexPlus Card is a co-branded travel card with MakeMyTrip. You can load 22 currencies into this card which makes it easier to exchange foreign currency. With this card,  you will also enjoy airport lounge access and free insurance cover. 

Charges of MakeMyTrip HDFC Bank ForexPlus Card

  • Card Issuance Fee – Rs.500 plus GST
  • Annual Fee – No annual charge, you just need to pay reloading fees. 
  • Reload Fee – Rs.75 plus applicable GST 
  • Re-issuance of Card Fee – Rs.100 plus GST, If your card is lost or stolen. 
  • MakeMyTrip HDFC Bank ForexPlus Card Transaction Charges –
Sr NoCurrencyATM Cash
Withdrawal Fee    
Balance Enquiry
Fee 
Daily Limit for ATM Cash Withdrawal
1US Dollar (USD)USD 2.00USD 0.50USD 5000
2Euro (EUR)EUR 1.50EUR 0.50EUR 4700
3Swiss Franc  (CHF )CHF 2.50CHF 0.60CHF 5000
4British Pound (GBP)GBP 1.00GBP 0.50GBP 4000
5Canadian Dollar (CAD)CAD 2.00CAD 0.50CAD 6600
6Australian Dollar (AUD )AUD 2.00AUD 0.50AUD 6800
7Japanese Yen (JPY)JPY 250.00JPY 60.00JPY 580000
8Singapore Dollar (SGD)SGD 2.70SGD 0.75SGD 7000
9UAE Dhiram (AED)AED 7.00AED 2.00AED 18000
10Swedish Krona (SEK)SEK 15.00SEK 3.50SEK 45000
11Hong Kong Dollar (HKD)HKD 16.00HKD 4.00HKD 38000
12Thailand Baht (THB)THB 63.00THB 16.00THB 178000
13South African Rand (ZAR)ZAR 22.00ZAR 5.50ZAR 67000
14New Zealand Dollar (NZD)NZD 2.50NZD 0.60NZD 7100
15Omani Riyal (OMR)OMR 0.70OMR 0.25OMR 1900
16Danish Krone  (DKK)DKK 11.00DKK 2.75DKK 35000
17Norwegian Krone  (NOK)NOK 12.50NOK 3.25NOK 42000
18Saudi Riyal (SAR)SAR 7.50SAR 2.00SAR 18600
19Korean Won (KRW)KRW 2400KRW 600KRW 5800000
20Bahrain Dinar (BHD)BHD 0.75BHD 0.20BHD 1800
21Qatari Riyal (QAR)QAR 7.50QAR 1.80QAR 18000
22Kuwait Dinar (KWD)KWD 0.60KWD 0.15KWD 1500
  • Cross currency charges  – Bank will charge a cross currency markup fee of 2%, in case the transaction currency is different than the currency available on ForexPlus card. 
  • Currency Conversion GST –
Buy and Sell ForexPlus CurrencyGST Currency Conversion Rates
Up to Rs.1 lakh0.18% of the gross value or Rs.45 whichever is higher
Between Rs.1 lakh and Rs.10 lakhRs.180 + 0.09% of the amount exceeding Rs.1 lakh
Above Rs.10 lakhsRs.990 + 0.018% of the amount exceeding Rs.10 lakh with a maximum of Rs.10800

You would also like to know about ICICI forex card rates in 2022.

#2. Regalia ForexPlus Card 

Regalia ForexPlus Card

HDFC Regalia ForexPlus card for those who travel abroad frequently. This card is issued only in US dollars and you can use it in any currency. 

You will not be required to pay any extra charges on cross-currency usage. Plus, you can enjoy up to two complimentary visits to airport lounges every quarter. 

HDFC Regalia ForexPlus card Charges

  • Card Issuance Fee – Rs.1,000
  • Reload Fee – Rs.75 
  • Re-issuance of Card Fee – Rs.100 
  • Transaction charges of HDFC Regalia ForexPlus card –
Sr NoCurrencyATM Cash WithdrawalBalance
Inquiry
Daily Limit for ATM Cash WithdrawalCharge Slip Retrieval
1US Dollar (USD)USD 4.00USD 0.50USD 5000USD 3.00
  • Cross currency charges – No cross currency conversion charges on Regalia ForexPlus cards.
  • Currency conversion tax for load, reload and refund transactions – 
Buy and Sell ForexPlus CurrencyGST Currency Conversion Rates
Up to Rs.1 lakh0.18% of the gross value or Rs.45 whichever is higher
Between Rs.1 lakh and Rs.10 lakhRs.180 + 0.09% of the amount exceeding Rs.1 lakh
Above Rs.10 lakhsRs.990 + 0.018% of the amount exceeding Rs.10 lakh with a maximum of Rs.10800

Also read – Best forex trading app in India

#3. Multicurrency Platinum ForexPlus Chip Card

Multicurrency Platinum ForexPlus Chip Card

Multicurrency Platinum ForexPlus Chip Card is designed for people who are traveling abroad for different purposes like business, medical, and travel. This chip card allows you to load 22 different currencies, providing protection against exchange rate fluctuations. 

Fees and Charges of Multicurrency Platinum ForexPlus Chip Card

  • Card Issuance Fee – Rs.500 
  • Reload Fee – Rs.75 
  • Re-issuance of Card Fee – Rs.100 
  • Multicurrency Platinum ForexPlus Chip Card Transaction Charges –
Sr NoCurrencyATM Cash
Withdrawal Fee    
Balance Enquiry
Fee 
Daily Limit for ATM Cash Withdrawal
1US Dollar (USD)USD 2.00USD 0.50USD 5000
2Euro (EUR)EUR 1.50EUR 0.50EUR 4700
3Swiss Franc  (CHF )CHF 2.50CHF 0.60CHF 5000
4British Pound (GBP)GBP 1.00GBP 0.50GBP 4000
5Canadian Dollar (CAD)CAD 2.00CAD 0.50CAD 6600
6Australian Dollar (AUD )AUD 2.00AUD 0.50AUD 6800
7Japanese Yen (JPY)JPY 250.00JPY 60.00JPY 580000
8Singapore Dollar (SGD)SGD 2.70SGD 0.75SGD 7000
9UAE Dhiram (AED)AED 7.00AED 2.00AED 18000
10Swedish Krona (SEK)SEK 15.00SEK 3.50SEK 45000
11Hong Kong Dollar (HKD)HKD 16.00HKD 4.00HKD 38000
12Thailand Baht (THB)THB 63.00THB 16.00THB 178000
13South African Rand (ZAR)ZAR 22.00ZAR 5.50ZAR 67000
14New Zealand Dollar (NZD)NZD 2.50NZD 0.60NZD 7100
15Omani Riyal (OMR)OMR 0.70OMR 0.25OMR 1900
16Danish Krone  (DKK)DKK 11.00DKK 2.75DKK 35000
17Norwegian Krone  (NOK)NOK 12.50NOK 3.25NOK 42000
18Saudi Riyal (SAR)SAR 7.50SAR 2.00SAR 18600
19Korean Won (KRW)KRW 2400KRW 600KRW 5800000
20Bahrain Dinar (BHD)BHD 0.75BHD 0.20BHD 1800
21Qatari Riyal (QAR)QAR 7.50QAR 1.80QAR 18000
22Kuwait Dinar (KWD)KWD 0.60KWD 0.15KWD 1500
  • Cross currency charges  – Bank will charge a cross currency markup fee of 2%, in case the transaction currency is different than the currency available on ForexPlus card. 
  • Currency Conversion GST –
Buy and Sell ForexPlus CurrencyGST Currency Conversion Rates
Up to Rs.1 lakh0.18% of the gross value or Rs.45 whichever is higher
Between Rs.1 lakh and Rs.10 lakhRs.180 + 0.09% of the amount exceeding Rs.1 lakh
Above Rs.10 lakhsRs.990 + 0.018% of the amount exceeding Rs.10 lakh with a maximum of Rs.10800

Also read – SBI forex card charges in 2022

#4. ISIC Student ForexPlus Card

ISIC Student ForexPlus Card

HDFC ISIC Student ForexPlus Card is a specially made forex card for students who study abroad. This card is available in three currencies including US dollars, GBP, and Euro. You can use this card for cash withdrawals and POS transactions in any country except India, Nepal and Bhutan.

HDFC ISIC Student ForexPlus Card Charges

  • Card Issuance Fee – Rs.300 
  • Reload Fee – Rs.75 
  • Re-issuance of Card Fee – Rs.100 
  • Transaction charges of HDFC ISIC Student ForexPlus Card –
Charge for the USD CardCharge on the EURO cardCharge on the GBP card
ATM Cash WithdrawalUSD 2.00EUR 1.50GBP 1.00
Balance EnquiryUSD 0.50EUR 0.50GBP 0.50
Retrieval of Charge SlipUSD 3.00EUR 2.50GBP 1.50
  • Cross currency charges – 3% cross currency conversion charges on ISIC Student ForexPlus card, in case of different currency. 
  • Currency conversion tax for load, reload and refund transactions –  GST will be applicable on Currency Conversion & other fees as per prevailing rate.
Buy and Sell ForexPlus CurrencyGST Currency Conversion Rates
Up to Rs.1 lakh0.18% of the gross value or Rs. 45 whichever is higher
Between Rs.1 lakh and Rs.10 lakhRs. 180 + 0.09% of the amount exceeding Rs. 1 lakh
Above Rs.10 lakhsRs. 990 + 0.018% of the amount exceeding Rs.10 lakh with a maximum of Rs.10800

Check out – Is forex trading legal in India

#5. Hajj Umrah Card 

Hajj Umrah Card

Hajj Umrah Card is specially designed for the convenience of Hajj & Umrah pilgrims. This card is available only in Saudi Riyal (SAR) and can be used for cash withdrawal and POS transactions in any currency across the world.

Fees & Charges of HDFC Hajj Umrah Forex Card

  • Card Issuance Fee – Rs.200 
  • Reload Fee – Rs.75
  • Re-issuance of Card Fee – Rs.100 
  • Transaction charges of HDFC Hajj Umrah Forex Card –
CurrencyATM Cash Withdrawal FeeBalance Enquiry FeeATM Cash Withdrawal Limit
Saudi Riyal (SAR)SAR 7.50SAR 2.00SAR 18600
  • Cross currency charges – 3% cross currency conversion charges on Hajj & Umrah Forex card, in case of different currency. 
  • Currency conversion tax for load, reload and refund transactions –  
Buy and Sell ForexPlus CurrencyGST Currency Conversion Rates
Up to Rs.1 lakh0.18% of the gross value or Rs.45 whichever is higher
Between Rs.1 lakh and Rs.10 lakhRs.180 + 0.09% of the amount exceeding Rs.1 lakh
Above Rs.10 lakhsRs.990 + 0.018% of the amount exceeding Rs.10 lakh with a maximum of Rs.10800

Also check – Best forex broker in India

Documents Required For HDFC Forex Card

For Existing HDFC Customer 

  • Self-attested copy of passport
  • Self-attested copy of Visa or ticket
  • Address proof (if residential address is different from mentioned address on passport)

Additional Documents Required for Non-HDFC Bank Customers 

  • Copy of the statement that shows the application payment for the ForexPlus card.
  • A cancelled cheque, recent statement or passbook.

Conclusion

That’s all about HDFC forex card charges from my side. If you need any further information regarding HDFC forex cards, do let me know in the comments section.

About Raghav Gupta

I have done B.com and MBA in finance, so have a keen interest in personal finance. You will find the information related to investment, credit card, taxation and banking on my blog.

1 thought on “HDFC Forex Card Charges in 2022”

Leave a Comment