Going abroad to study is an experience everyone looks forward to, but it can also be intimidating. Out of the many concerns, the primary one for students is how to deal with the cost aspect, as handling finances may not come easy to them. Having a forex card can thus make their life easier.
Richal Forex ISIC Student ForexPlus Card has been designed keeping in mind the unique needs and requirements of students going to study overseas.
A forex card is a simple prepaid card that comes loaded with cash, along with a complimentary insurance cover, a free international SIM with talk-time, and much more. If you’re a student planning to pursue studies in the US, the UK, or Europe, Richal Forex ISIC Student Forex Plus Card is what you need. You can get it at any branch of Richal Forex across the country.
• Works as an identification card worldwide
• Provides an insurance cover
• Provides special discounts
• Offers free international SIM with talk-time
As mentioned above, Richal Forex ISIC Student ForexPlus Card offers several benefits, which include the following:
When in a foreign country, having an identification card is a must. Richal Forex ISIC Student ForexPlus Card can work as an authentic ID, saving you from the burden of carrying any separate identity proof. ForexPlus Card by Richal Forex is widely accepted as your student identity card across the world. So, the next time someone asks you for ID proof, just flash your student forex card!
With Richal Forex ISIC Student ForexPlus Card you can avail discounts on food, books, leisure activities, shopping, travelling, and accommodation across the bank’s 41,000 trusted partners in over 130 countries around the world. Indulgence goes hand in hand with this card.
The card is typically available in three currencies:
• US Dollar (USD)
• Euro (EUR), and
• Great Britain Pound (GBP).
With this card, you get will an additional insurance cover that helps you enjoy a hassle-free time in a foreign country. The insurance cover provides benefits such as
• Protection against misuse of card due to counterfeiting/skimming – up to Rs 5 lakh
• Air accident insurance, which involves the death of the cardholder – up to Rs 25 lakh
• Loss of personal documents or baggage during transit along with passport reconstruction insurance – up to Rs 50,000
• Loss of checked-in baggage – up to Rs 20,000
Richal Forex ISIC Student Forex Plus Card allows you to load your card with your desired foreign currency at a pre-locked exchange rate. It means that whenever you use the card for making any transactions or for withdrawing cash from ATM, you won’t be affected by international foreign exchange fluctuations.
Students are always on the go. So whether you on the rain, in class, out hiking, your Student Forex Plus Card can be quickly reloaded. All you need is prepaid NetBanking facility, and you can easily add or transfer funds to your Forex card. Alternatively, you can also recharge your card via any of Richal Forex’s branches or through phone banking. Doesn’t get easier than this!
One of the best and most important benefits of having Richal Forex ForexPlus Card is that it comes embedded with a chip that stores all your information in an encrypted form. Such a feature promises security against skimming and counterfeiting card frauds. So, even if your card gets stolen or you accidentally lose it, all you have to do is immediately report the loss and get your card blocked so no one else can perform any further transactions on it.
Forex Card – Smart Usage Techniques
When using the card, keep the following things in mind:
It is best not to use your card at any of the ATMs/POS terminals that have dynamic currency conversion options. There are a handful of banks which activate Dynamic Currency Conversion on their ATMs/POS terminals. This means you’ll be charged an extra amount every time you make a transaction.
Try and avoid using your ISIC Student Forex Plus Card at any of the temporary charge blocks – for instance, hiring a car, paying an advance at a hotel, etc. In case you do make such a transaction and the service provider settles your transaction for an amount that is lower than the actual blocked amount, or you make your final payment via any other payment mode, your balance amount will be credited to your account only after a period of 30 days from the date of transaction.