Mid-size private sector lender Dhanlaxmi Bank today launched a foreign currency-denominated prepaid card called Forex Card.
"With the launch of the Forex Card, Dhanlaxmi Bank will offer international travellers not only a seamless payment experience but will also provide them with a complete array of foreign exchange-related products and services," the bank's Foreign Exchange Head, D A Dhananjaya, said in a statement issued here.
International travellers can load the card with US dollar, pound and euro to make purchases at Visa-enabled point-of-sale terminals or withdraw cash, the bank said.
A customer can load a minimum of USD 250 or its equivalent in the other two currencies and a maximum of USD 10,000 in the card in a year.
"The card is available over branch counters and allows customers the flexibility to conduct transactions at merchant establishments or ATMs, without any additional foreign conversion charges," it added.
The bank said customers can change the ATM pin, block or unblock the card, or request for a replacement of lost or stolen card and also avail call center facility.
The bank offers forex services like foreign currency cash services, forex cheque deposits, forex demand drafts and remittances.
The Kerala-based bank has 275 branches and 460 ATMs across 14 states with 1.6 million customers. The bank had a total business of Rs 22,579 crore, as on June 30, with total asset base at Rs 15,036 crore.
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