Muthoot Fincorp is authorised to issue prepaid travel cards to travellers visiting foreign lands(Only for Resident Indians) for pleasure, higher studies and other reasons prescribed by RBI. We offer the most convenient allows you to lock in the favourable exchange rates and load several currencies simultaneously at a low cost. Attractive pricing, dedicated support and easy terms make our travel cards the best in India.
Features and Benefits of Muthoot Fincorp’s International Prepaid Travel Card
When travelling abroad for leisure or education, a prepaid travel card from Muthoot is a convenient, safe and affordable way of carrying Forex. You can use our Forex travel card for all direct purchases and ATM withdrawals 24/7/365 in the host country’s currency. The travel card comes loaded with one or many currencies, depending on the number of destination countries your are visiting during your trip.
No Need to Track Transactions and Exchange Rates
A credit or debit card attracts service tax each time it is swiped for direct purchases. Plus, credit/debit card transactions ... read more carry exchange rates applicable on the day of transactions and attract conversion rates accordingly. Conversely, our foreign travel card is the most cost-effective option to shop abroad. It’s a prepaid arrangement where the exchange rates are locked in beforehand. You can load the card with multiple currencies, thereby, eliminating the expenses and hassles involved in currency exchange.
Have a Wider Acceptability
An International travel card holds up well against the conventional ways of carrying Forex abroad. ... read more Traveller’s cheques have limited acceptability, as many merchants may not entertain them. Plus, a hefty 3 to 6 percent fee is applicable for cheque encashment at a retailer outlet. Muthoot Fincorp offers the best travel card as they are readily accepted at most outlets and devoid of encashment fees.
Safer & More Convenient
Carrying wads of cash abroad can expose you to inconvenience and risks while travel cards offer complete safety ... read more and ease of spending. Our travel cards are chip and PIN protected and easily replaceable, often without extra charges, in case you misplace or lose them. We also offer you full support in case you lose or damage the card.
Call us at 1800 102 1616 or visit a Muthoot Fincorp near you to consult with our customer care representative.
Steps to get the best travel card in India from Muthoot FIncorp.
- Fill up the application and attach the above-mentioned documents.
- Submit the application and documents at any of our 3600 branches nationwide
- You’ll be offered the applicable exchange rates
- Our staff will load the travel card with the desired currency and the amount
- You’ll receive an SMS confirmation once the card is loaded
- Walk out with ready-to-use travel card
Documents required for international Prepaid Travel Card
We make the process of owning a Forex travel card easy and quick. But, you have to collect the below-mentioned documents and submit them to your nearest Muthoot Fincorp branch to process your purchase:
Muthoot Fincorp is bound by and follows the KYC forms as per the regulator’s guidelines.
Your Passport + Pan Card
Valid Visa and ticket
LRS Application form
KYC documents as per the regulator’s guidelines
No account relationship with Muthoot Fincorp is required for travel card purchases.
Limits of the Cash You Can Carry When Travelling to a Foreign Land
When going to a foreign country for pleasure, there is a limit to the amount of currency that you can carry. This limit is known as the Liberalized Remittance Scheme and it is defined by the RBI.
Amount of currency you can carry For a Pleasure Trip
USD 10000 per traveller. You can carry a maximum of USD 3000 in currecny and the remainder should be carried as travellers cheques or travel cards.
On Sale of Foreign Currency
INR 50,000. If the amount is more than 50,000, then we can accept the amount by way of Crossed Cheque/Demand Draft/Pay Order or by RTGS to our account.
Frequently Asked Questions
A Muthoot Fincorp Forex travel card is a prepaid card that can be used to make payments in a foreign currency of your choice. It functions in the same way as a debit card – you could swipe it on the checkout counters or use it at an ATM to withdraw cash in foreign currency selected. We issue prepaid travel cards to people traveling abroad for pleasure, business, higher studies, medical and other reasons.
Using foreign travel card you would make payments in foreign currency only. You can use it to make purchases online in India only if you need to make a payment in the selected foreign currency. For example, you can use the international travel card to pay for booking your international hotel online from India which accepts a foreign currency. On the other hand, you cannot use to make payments in the local currency.
We offer 2 years validity periods on our prepaid Forex cards. Before the validity comes to an end, you can load the card multiple times, as per the RBI and other regulatory body guidelines. Indian laws prohibit holding monies in foreign currency for individuals and you should encash any unused amount on returning to India even if the travel card has a longer validity.
Muthoot Fincorp offers Renewal Prepaid Cards, which means you do not have to buy a new prepaid Forex travel card if you are travelling within the validity period – all you have to do is load the card as per your requirement and RBI regulations. When the validity ends, and you need to travel internationally, you can Renew new card.
Yes, Muthoot Fincorp offers the flexibility to load multiple foreign currencies in a single Forex card. It allows you to travel conveniently to different countries without worrying about exchange rates. Call our customer care representative at 18001 012 1616 or walk into your nearest Muthoot Fincorp branch to get the card.
Immediately call our customer care representative at 1800 102 1616 if you lose your Forex travel card when travelling abroad. Our representatives will help cancel the card and issue another one. The duplicate or new card is issued immediately and you can continue your trip without hassles.
Why Choose Muthoot Blue for Travel Cards?
Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man with Blue Soch. Hence, our travel cards are designed to help you and your family travel without a worry.
- We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a loan quickly and without any hassle.
- Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
- Our customer-centric approach and innovation over the past +132 years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.