Best Forex Cards In India For International Payments

In this article, TU experts will discuss a variety of Forex card options available in India, outlining their distinct features, fees, benefits, and suitability for different traveler profiles. They'll delve into comparisons between different offerings, focusing on aspects such as currency support, transaction fees, security features, validity periods, customer support availability, and additional perks like travel insurance and reward programs. Furthermore, the discussion will extend to providing valuable tips on selecting the most suitable Forex card based on factors such as currency coverage, fee structure, security measures, validity duration, customer service accessibility, supplementary benefits, and user-friendliness.

Best Forex cards in India

HDFC Bank Forex Card

HDFC Bank ForexPlus cards provide a safe and convenient way to carry foreign currency when you travel abroad, ensuring you don't face any inconvenience while away from home.

How to Get the Card

• Visit the HDFC Bank website or a nearby branch.

• Fill out the application form provided.

• Submit the necessary documents, including ID proof, address proof, etc.

• Load the card with your preferred currencies.

• Receive your personalized Forex Card.

Forex cards offered by HDFC Bank

BookMyForex Card

The BookMyForex YES Bank Card is a popular Forex Card in India. It's a partnership between YES Bank and BookMyForex, offering important services with very few charges.

How to Get the Card

• Go to the BookMyForex website or visit their nearest branch.

• Fill out the application form they provide.

• Give them the documents they ask for, like your ID proof and address proof.

• Load the card with the currencies you want to use.

• And that's it! Your BookMyForex Card is all set for your adventures around the world.

Other Key features of BookMyForex YES Bank Forex Card

Axis Bank Forex Card

The Axis Multi-Currency Forex Card is like having one big wallet that can hold 16 different currencies all at once. It's managed by Axis Bank, and you get a Visa or Mastercard that works with both chip and swipe technology. This means you can use it anywhere in the world.

Each currency you load onto the card is like having its own separate pocket in your wallet. So, if you're traveling to multiple countries, you can load different currencies onto the card and use them as needed.

How to Get the Card

• Visit the Axis Bank website or a nearby branch.

• Fill out the application form provided.

• Submit necessary documents (ID proof, address proof, etc.).

• Load the card with your preferred currencies.

• Your Axis Bank Multi-Currency Forex Card is ready for your global adventures.

This below table provides a clear breakdown of the fees associated with the Axis Bank Multi-Currency Forex Card.

ICICI Bank Forex Card

How to get the card

• Visit the ICICI Bank website and hover over “Cards” in the top menu.

• Click on “Credit Cards” and choose a card based on your income and preferences.

• Click on “Know More” for the card you want and review its features.

• Click on “Apply Now” to submit your application.

• Alternatively, apply through internet banking, iMobile Pay app, or at any Forex branch.

• Submit copies of your PAN card, Aadhar card, Passport (with Visa), and Form A2 along with the application form.

• You can also buy the ICICI Bank Forex Prepaid Card online and receive it within 4-5 working days.

Charges and Fees for ICICI Multi-Currency Travel Card

Overseas ATM Withdrawal Charges

SBI Bank Forex Card

How to get the card

• Visit the SBI website or a nearby branch.

• Fill out the application form.

• Submit necessary documents (ID proof, address proof, etc.).

• Load the card with your preferred currencies.

• Your State Bank Foreign Travel Card is ready for your global adventures!

Fees and charges

Bank of Baroda Forex Card

How to Get the Card

• Visit the Bank of Baroda website or a nearby branch.

• Fill out the application form with your details.

• Submit necessary documents such as ID proof and address proof.

• Load the card with your preferred currencies.

• Your Bank of Baroda TravelEasy Multi Currency Forex Card is now ready for your global adventures!

Fees and charges

Niyo Global Card by Equitas Bank

The Niyo Global Card is like having a special bank account that helps you save money and spend it when you travel to different countries. It's made possible through a partnership with Equitas Small Finance Bank. Here's what makes it special

How to Get the Card

Eligibility: The Niyo Global Card is exclusively available to Indian passport holders with a Niyo Global digital savings account.

Application Process

• Visit the Niyo website or download the Niyo app: Access the Niyo platform through the website or by downloading the mobile app.

• Fill out the application form: Complete the application form provided by Niyo, providing your personal details.

• Submit necessary documents: Submit required documents such as identification proof and address proof along with the application form.

• Choose your card variant: Select your preferred card variant, either virtual or physical, based on your usage preferences.

• Load your preferred currencies: Load the card with your desired foreign currencies to start using it for international transactions.

IndusInd Bank Multi-Currency Card

How to Get the Card

• Visit the IndusInd Bank website or a nearby branch.

• Fill out the application form.

• Submit necessary documents like ID proof and address proof.

• Load the card with your preferred currencies.

Yes Bank Multicurrency Card

How to Get the Card

• Visit the Yes Bank website or a nearby branch.

• Fill out the application form.

• Submit necessary documents (ID proof, address proof, etc.).

• Load the card with your preferred currencies.

• Your Yes Bank Multicurrency Travel Card is ready for your global adventures.

Standard Chartered Forex Card

How to Get the Card

• Visit a Standard Chartered branch.

• Provide necessary documents (eligibility details available on their website).

• Complete the application process.

• Receive your card kit, including the primary and backup cards.

Best Forex brokers

1

9.4/10

Go to broker

Your capital is at risk.

Minimum deposit:

$100

Deposit Bonus:

0%

Regulation:

ASIC, SCB, CySEC, FCA

Review

Eightcap is a leading Forex and CFD broker, offering over 800 trading instruments, including currency pairs, cryptocurrencies (not available with the FCA entity), indices, stocks, and commodities. With tight spreads starting from 0 pips, leverage up to 1:500, and no withdrawal fees, Eightcap provides a competitive trading environment. The broker is regulated by top-tier authorities such as ASIC and FCA, ensuring a secure trading experience.
Comprehensive educational resources, advanced analytics, and innovative functionality such as code-free automated trading and enhanced order execution with FlashTrader distinguish the platform from others.
Though Eightcap does not offer passive income opportunities or joint accounts, it is a popular choice for those seeking a reliable and feature-rich broker. Eightcap offers MetaTrader4 and MetaTrader5 integrated with Flash Trader. In addition, traders can use Acuity's AI-powered economic calendar.

Eightcap’s UK Entity:

Eightcap is an FCA authorised and regulated broker that offers CFD trading on over 600 markets across forex, indices, commodities, and shares. Eightcap’s UK entity is the only dedicated, specialist TradingView broker in the UK, providing a tailored product experience to get the most out of trading via TradingView.

Pros/Cons

•The broker is registered in the Bahamas and Seychelles, and is regulated by the Securities Commission of the Bahamas (SCB, SIA-F220), ASIC (391441), FCA (921296), CySEC (246/14). Also, it partners with many proprietary firms;

•Negative balance protection;

•Traders need to deposit only $100 to open a live account, and the broker imposes few trading limits on its clients;

•Hundreds of the most popular CFDs are available, and the pool is constantly expanding;

•Eightcap provides one of the most profitable trading costs with really tight spreads;

•Almost all options for depositing/withdrawing funds are available and the broker does not charge a withdrawal fee;

•The broker’s clients can work through any of the three top trading platforms, including mobile versions of the MetaTrader solutions;

•The company provides high-quality training, extensive analytics, and its own developments for automated trading.

•No joint accounts, copy trading, or other options for passive income.

Study Review

2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

from $5

Deposit Bonus:

50%

Regulation:

CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius)

Review

XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.

Pros/Cons

•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;

•No “markup” on narrow market spreads (broker's margins over the spread);

•Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;

•No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;

•Around the clock support for 5 days a week in more than 30 languages.

•Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.

Study Review

3

9.1/10

Go to broker

Your capital is at risk.

Minimum deposit:

$10

Deposit Bonus:

60%

Regulation:

FSC

Review

RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.

Pros/Cons

•Availability of favorable trading conditions and a minimum deposit

•Unique investment program CopyFx

•Highest affiliate payments: up to 84% of the fee paid by the referral

•Market launch - STP and ECN

•Instant withdrawal of funds

•Minimum deposit - $10

•A small number of currency pairs - 28, for accounts: Pro, Pro-Cent, ECN

Study Review

Your location is United States

If you would like to learn about the best brokers in your region, please use the “Find my broker” service.

Comparison of the basic parameters of the best Forex cards India in 2025

How to choose a Forex Card

Here are some tips to help you choose a Forex Card:

• Currency Support: Look for a card that supports the currencies of the countries you plan to visit. Having multiple currency options on a single card can save you from the hassle of carrying multiple currencies.

• Fees and Charges: Pay attention to the fees and charges associated with the card, including issuance fees, transaction fees, ATM withdrawal fees, and currency conversion charges. Choose a card with reasonable fees that align with your travel needs.

• Security Features: Opt for a card with robust security features such as chip and PIN technology, encryption, and fraud protection. This ensures the safety of your funds during transactions and minimizes the risk of unauthorized usage.

• Validity Period: Check the validity period of the card. Choose a card that offers a longer validity period, preferably three years or more, to avoid the hassle of frequent renewals or expiration while you're traveling.

• Customer Support: Consider the availability of customer support services. Look for a card issuer that provides 24/7 customer assistance, especially for emergencies like lost or stolen cards, card blocking, or fund retrieval.

• Additional Benefits: Explore the additional benefits offered by the card, such as travel insurance, airport lounge access, reward points, or discounts on travel-related expenses. These perks can enhance your travel experience and provide added value.

• Ease of Use: Lastly, consider the ease of use of the card. Choose a card that offers convenient features like online account management, mobile app accessibility, and easy reloading options, making it hassle-free to manage your finances while traveling.

Rules and Regulation

• Licensing in India

  In India, brokers are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The former supervises foreign currency and the latter controls the stock market. The conditions for obtaining a license are: sufficient capital, a detailed business plan, compliance with rules and regulations, professional qualifications of key employees, and a professional reputation of the applicant.

• Investor protection in India

  To resolve disputes, traders can approach the RBI and SEBI that prevent fraud and dishonest activity in the securities market.

• Taxation in India

  Traders in India are subject to two primary types of taxes: direct and indirect. Direct taxes include a 5%-30% income tax. Capital gains tax is 15% for short-term profits and 10% for long-term ones. Trading income under 2.5 lakhs of Indian rupees is not taxable.

Expert Opinion

Anastasiia Chabaniuk Author, Financial Expert at Traders Union

In 2024, choosing the right Forex card in India involves considering factors like currency support, fees, security, validity, customer support, and perks. It's essential to match the card's features with your travel habits and preferences to maximize benefits and minimize costs. While some cards offer competitive rates and rewards, others prioritize convenience with features like instant issuance and mobile app accessibility. Understanding these helps travelers make informed decisions, ensuring a seamless and cost-effective international travel experience.

Summary

In 2024, the best Forex cards in India cater to various needs, offering features like multi-currency support, competitive rates, and additional benefits such as lounge access and rewards. Top contenders include HDFC Bank, BookMyForex, Axis Bank, ICICI Bank, SBI Bank, Bank of Baroda, Niyo Global Card, IndusInd Bank, Yes Bank, and Standard Chartered. Applicants typically need to submit identification and address proof, with some cards offering instant issuance. Factors like currency coverage, fees, security features, validity period, customer support, and supplementary benefits influence card selection.

FAQs

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Team that worked on the article

Parshwa Turakhiya

Author at Traders Union

Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.

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Dr. BJ Johnson

Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).