Kotak Forex Card – Apply Online & Manage International Expenses

The different currencies that can be uploaded on the card are mentioned below:

1. U.S. Dollar (USD)
2. Great Britain Pound (GBP)
3. Singapore Dollar (SGD)
4. Euro (EUR)
5. Hong Kong Dollar (HKD)
6. South African Rand (ZAR)
7. Saudi Riyal (SAR)
8. Canadian Dollar (CAD)
9. Australian Dollar (AUD)
10. Swiss Franc (CHF)
11. Japanese Yen (JPY)
12. Swedish Krona (SEK)
13. United Arab Emirates Dirham (AED)

Features and Benefits

The card comes equipped with an array of features and benefits, some of which are mentioned below:

1. The card can be loaded with up to 13 global currencies, making it convenient for those travelling to multiple countries.
2. Dedicated customer log-in would be accessible, which would provide round-the-clock access to the travel card account.
3. The card comes equipped with a higher level of security as it is a chip-based card.
4. In the event the card is damaged or lost, the cardholder can contact Kotak Mahindra for the issuance of a backup/replacement card. The backup card can be applied for in advance or in the unfortunate event of the card's theft or damage.
5. Purchases made using the card are covered by purchase protection insurance of up to Rs.1 lakh.
6. In the event of the card being lost, the bank offers lost card liability insurance of up to Rs.2 lakh, which would cover any expenses arising out of the card's misuse 30 days prior to the reporting and 7 days after the reporting of the card being lost/misplaced.
7. The card comes with a 5-year validity, making it easier for those who travel infrequently.
8. Air accident insurance of up to Rs.15 lakh is provided free of charge with the card.
9. In the event of checked-in baggage being lost on outbound international flights, the card provides cover of up to Rs.50,000 towards expenses for necessary items such as clothes etc.
10. If the cardholder misplaces travel documents such as passport, the cardholder can avail of complimentary insurance cover of up to Rs.50,000. This amount covers expenses such as applying for new travel documents and associated costs such as visas.
11. Keep track of spending on the card through SMS and email alerts that will be sent each time the card is used.

Kotak Forex Card Fees and Charges

The fees and charges associated with the Kotak Forex Card are provided in the below table:

Eligibility Criteria for Kotak Forex Cards

The eligibility criteria for the Kotak Forex Card are as follows:

1. The applicant should be a resident Indian or a foreign national.
2. The applicant should have the requisite documentation pertaining to his/her travel.

Documents Required for Kotak Forex Cards

The list of documents that must be submitted are mentioned in the table below:

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