ICICI Bank Student Forex Prepaid Card

In today’s world, Forex Cards have become an essential necessity for global travelers. These cards provide a convenient way to make purchases in foreign countries without any hassle. ICICI Bank, a prominent card issuer, offers a range of exceptional forex cards, and among them is the ICICI Bank Student Forex Prepaid Card, designed specifically to cater to the needs of students traveling abroad for their studies.

This card stands out with its affordability, featuring a modest joining fee of Rs. 499 and a renewal fee of Rs. 199, applicable from the second year onwards. To kickstart your journey with this card, it also extends a warm welcome with benefits valued at Rs. 5,000. These benefits include ISIC membership and a selection of discount vouchers redeemable at various renowned brands.

Key Highlights of ICICI Bank Student Forex Prepaid Card

  1. You are granted a Card Protection Plus insurance with coverage worth Rs.1,600.
  2. Receive an International Student Identity Card (ISIC) membership valued at Rs.590.
  3. Benefit from a 40% reduction in excess baggage fees.

Features and Benefits of ICICI Bank Student Forex Prepaid Card

The ICICI Bank Student Forex Prepaid Card offers several features and benefits:

1. Welcome Benefits:

  • Receive an International Student Identity Card (ISIC) membership valued at Rs.590.
  • Gain access to Card Protection Plus insurance worth Rs.1,600.
  • Enjoy up to Rs.5 lakh coverage for lost card or counterfeit card liability.

2. Voucher Benefits:

  • Receive a Croma voucher upon joining.

3. Travel Benefits:

  • Enjoy a 40% discount on excess baggage.
  • Receive a 20% discount on courier services by DHL.

ICICI Bank Student Forex Prepaid Card Fees and Charges

Explore the fee structure for the ICICI Bank Student Forex Prepaid Card and discover the financial advantages that come with it.

  1. Joining fee: Rs. 499
  2. Renewal fee: Rs. 199
  3. Reloading fee for ICICI Student Forex Prepaid Card: Rs. 100
  4. Inactivity fee (after 180 days of non-use): USD 5
  5. No forex markup fee
  6. Cross-currency markup fee: 3.5% for transactions in a different currency
  7. Cash withdrawal fee: USD 2 (or equivalent)
  8. Maximum daily cash withdrawal limit: Rs. 2,000

Documents Required for ICICI Bank Student Forex Prepaid Card

To apply for the ICICI Bank Student Forex Prepaid Card, you will typically need to provide the following documents:

1. To complete the LRS declaration, you will need:

  • LRS declaration form and Form A2, along with an application form.

2. Include these essential documents:

  • A self-attested copy of your PAN Card.
  • The original Passport of the applicant, accompanied by a self-attested photocopy.
  • The original Aadhar Card of the applicant, along with a self-attested photocopy.
  • A self-attested copy of your Visa.

How To Apply for ICICI Bank Student Forex Prepaid Card?

Follow these steps to apply for the ICICI Bank Student Forex Prepaid Card:

  1. Go to the ICICI website.
  2. Navigate to the ‘Cards’ section.
  3. Choose ‘Forex/Prepaid/fastag Cards.’
  4. Select ‘Forex Prepaid Cards.’
  5. Click on ‘Know More.’
  6. Scroll down the page.
  7. Locate and click ‘Know More’ under the ICICI Student Forex Prepaid Card.
  8. Initiate the application process by clicking ‘Apply Now.’

Frequently Asked Questions (FAQs)

1. How does the ICICI Bank Student Forex Prepaid Card work?

It works like a regular prepaid card, but it is loaded with foreign currency. You can use it for various expenses while studying abroad, such as tuition fees, living expenses, and more.

2. What currencies can I load onto the Student Forex Prepaid Card?

You can load major foreign currencies like US Dollars, Euros, British Pounds, and more, depending on your destination.

3. Where can I use the Student Forex Prepaid Card?

You can use this card at most merchant outlets and ATMs worldwide that accept Visa/Mastercard, making it convenient for your international expenses.

4. What are the benefits of using this card over cash or regular debit/credit cards?

The Student Forex Prepaid Card offers better exchange rates, security, and the convenience of managing your foreign currency. It also helps you control your expenses while abroad.

5. Are there any fees associated with the card?

There may be fees for card issuance, reloads, currency conversion, and ATM withdrawals. Be sure to review the fee structure provided by ICICI Bank.

6. How can I check the balance on my Student Forex Prepaid Card?

You can check your card balance and transaction history online through the ICICI Bank website or mobile app.

7. What should I do if my card is lost or stolen?

Contact ICICI Bank’s customer support immediately to report the loss or theft of your card. They will assist you in blocking the card and arranging for a replacement.

8. Can I reload the card while I am abroad?

Yes, you can reload the card from anywhere in the world, provided you have access to the internet and your ICICI Bank account.

9. Is there a minimum and maximum amount for loading currency onto the card?

Yes, there are minimum and maximum limits for loading currency onto the card, and they may vary based on the type of currency and other factors. Check with ICICI Bank for specific limits.

10. Is there an expiration date for the Student Forex Prepaid Card?

Yes, the card typically has an expiration date. Be sure to check the card’s validity and plan accordingly.