SBI Forex Card Rates in 2022
SBI forex card rates

SBI Forex Card Rates in 2022

SBI bank offers two forex cards for traveling abroad. SBI forex card is accepted all over the world except in India, Nepal, and Bhutan as per FEMA rules.

  • State Bank Foreign Travel Card
  • Multi-Currency State Bank Foreign Travel Card

Both, existing as well as new customers of SBI can avail these cards. 

SBI Forex Card Rates

#1. State Bank Foreign Travel Card

State Bank Foreign Travel Card

State Bank Foreign Travel Card is a single currency card issued on the VISA International platform. You can use this card traveling abroad for different purposes including medical, tourism, business trip, and pilgrimage.

This chip-based card is available in eight foreign currencies including US Dollars (USD), Pound Sterling (GBP), Euro (EUR), Japanese Yen (YEN), Canadian Dollar (CAD), Australian Dollar (AUD), Saudi Riyal (SAR) and Singapore Dollar (SGD).

Charges of SBI Foreign travel card

1. Add-on cards fee – not more than 2

2. Inactivity fee –  No

3. Minimum Amount of Issue/Load – 

CurrencyAmount
USD200
Pounds120
Euros 150
CAD200
AUD200
YEN15800
SAR750
SGD250

4. Maximum Amount of Load – As prescribed by the RBI/FEMA from time to time for the purpose of the visit abroad. Currently, it is equivalent to USD2,50,000 in a financial year for the purpose of overseas visits.

5. Maximum daily transactions Limit – 

ATMUS$ 3000 or equivalent 
POSUS$ 5000 or equivalent 
ECOMUS$ 5000 or equivalent

6. ATM Balance Enquiry – Free at SBI’s ATM in India but chargeable in VISA ATMs abroad. You can also view or download statements for the SBI Foreign travel card free of charge at their onlineSBI portal.

7. Annual expiry fee –  

CurrencyAmount
USD, GBP, Euro, AUD, CAD5
YEN500
SAR20
SGD6

8. Validity of SBI foreign travel card – 5 years

Check out – Best forex cards for students in India

#2. State Bank Multi-Currency Foreign Travel Card

SBI Multi-Currency Foreign Travel Card

SBI Multi Currency forex travel card is accepted in the MasterCard platform. You can load this card in seven foreign currencies – US Dollars(USD), Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Singapore Dollar (SGD) and UAE Dirham (AED).

You can add one card in case of loss/defacement of SBI multi-currency forex card. Also, you get a free online balance enquiry and transactions facility at SBItravelcard.com.

Charges of SBI Multi-Currency Foreign Travel Card

Types of ChargesRates
Initial purchase and load feeRs. 100
Reload feeRs. 50
Additional Card linked to the same fundsRs. 100
Cash out / Refund fee per transactionRs. 100
Annual expiry fee No
USD / GBP / EUR / SGD / AUD / CAD / AED
ATM fee per withdrawalUS$1.75 / £1.25 / €1.50 / SG$2.00 / AU$2.50 / CA$2.50 / AED6.50
ATM Balance enquiry feeFree
Purchase from merchants (e.g. shops and restaurants)Free
Monthly inactivity fee (Debited from your Card if it has not been used for 12 months)USD 1.50
Shortfall feeUSD 15.00
Cash over the counter feeUS$7.50 / £4.00 / €6.00 / SG$10 / AU$9.74 / CA$10.00 / AED30.00
Card Replacement feeFree
Cross Currency fee3% If transaction currency is different than the currency available on forex card

Limits available on the SBI Multi-currency forex card

Total Limits of Multi-currency SBI Forex CardUSD (for Currency equivalent)
Minimum amount you can load on your CardUS$200
Maximum load/reload and maximum balance allowed on your card at any one timeAs prescribed by the RBI/FEMA guidelines from time to time, for the purpose of the visit abroad.
Maximum load over 12 month periodAs prescribed by the RBI/FEMA guidelines from time to time, for the purpose of the visit abroad.
Maximum ATM Cash Withdrawal in any 24 hoursUS$10,000
Maximum spend at merchants in any 24 hoursUS$10,000
Maximum withdraw as cash over the counter at banks in 24 hoursUS$500
Maximum number of Additional Cards linked to the same funds1
Maximum number of active accounts that can be held at any one time1
Maximum PIN tries3 per 24 hours

Also read – HDFC forex card rates in 2022

Documents Required For SBI Foreign Travel Cards

  • Signed application-cum-agreement form, a declaration of transaction under the provisions of FEMA guidelines i.e. USD $250000 per financial transaction. 
  • Self-attested copies of Passport and PAN card
  • Self-attested copy of Visa or ticket
  • Form A-2 (Required amount exceeding USD 25,000 – exceeds LRS)
  • Address proof (If residential address is different from that appearing on the passport).

Also read about SBI card customer care in detail.

Conclusion

In case you have any queries relating to the SBI forex card, please mention the same in the comment section below and share your experience.

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

Leave a Comment

Your email address will not be published.

Scroll to Top