During Covid Crisis Experience ease and convenience while using a prepaid Forex Card!

There is a saying that plastic is in and cash is out. This stands true even when you are going on an overseas trip. Experts are progressively recommending tourists to opt for a prepaid multi-currency travel card while purchasing foreign currency or to sell Forex online.  It is safer and economical than purchasing currency and a good hedge against currency fluctuations.  Here are some reasons why you should purchase a prepaid Forex card to fund your expenditures on your foreign holiday:

- Forex cards offer better exchange rates if you sell forex online for loading currencies than purchasing foreign currency as cash. For banks, offering Forex cards is the cheaper alternative.

  - Forex cards are loaded with foreign currency at locked-in exchange rates. Thus, they are resistant to the fluctuation of currency value in the Forex market.

  - Forex Multi-Currency Card is more secure than carrying cash as it comes empowered with chip and pin technology for securing the money in them. In a scenario of forex card getting lost or stolen, it can be blocked straight away and the balance in it is frozen. The secondary forex card issued accompanied by the original can then be activated and funds will be transferred to it.

    - Forex cards can be used to carry numerous foreign currencies simultaneously in a single card. They permit you to load up to 16 popular currencies such as Australian Dollars (AUD), Hong Kong Dollars (HKD), Denmark Krone (DKK), Euro (EUR), Japanese Yen (JPY), New Zealand Dollars (NZD), Omani Rial (OMR), Singapore Dollars (SGD), Saudi Arabian Riyals (SAR), Swedish Krona (SEK), Swiss Franc (CHF), Thai Baht (THB), United Arab Emirates Dirhams (AED), United Kingdom Pounds (GBP) and United States Dollars (USD).

    

     - Forex cards are globally recognized and accepted, unlike travelers’ cheque which has become an outdated payment device. Also, Forex cards can be used to withdraw money from an ATM close by when abroad. However, encashing travelers’ cheque is great trouble as you would have to find banks or business institutions ready to accept it. Even taxis in some nations overseas accept Forex card as a payment method. In fact, you can even use this card for online transactions overseas, like ordering items via e-commerce platforms in a foreign country. This is possible since they work on either Visa or MasterCard network just like regular debit and credit cards.

    - Forex cards are tremendously convenient and manageable for overseas trip.

Here is some Covid-19 Advisory by IndusIBank: 
https://oldweb.indusind.com/content/home/COVID-19-advisory.html

Want To Visit The Gold Market In Dubai? Watch Out For Some Useful Tips!

The Dubai gold souk is located in one of the narrow passageways of the old Deira area, a place which any tourist will be able to track down effortlessly. If you are still unsure about how to get there, you could always ask your hotel receptionist to guide you. Your first visit to this market will be an experience to remember. As westerners, we are more or less used to air-conditioned, closed milieu gold shops, well; if that has been your experience with shopping gold formerly, then you will be greeted with quite a surprise.

The gold souk is more or less an open air marketplace, comprising of more than 300 jewellery shops. So, organize your visit to this market accordingly. It would take a while to window shop through all of them. The jewellery on display usually comprises of the usual bangles, amulets, good luck charms, necklaces, pendants and even rings. If you like something that you’d like to buy, you can make the payments using a multi currency travel card. Many banks offer foreign exchange services via this card.

However, this is also the place where you will buy gold in the lump form as well. So, make sure of what you purchase, because like every other market in the world , you will find deceitful dealers here too. There have been cases of fake gold being passed off to the customer that is touted as real, so make sure to look out for the hallmark symbol while you are buying your items. 

The finest time to visit the markets can be the late afternoon, when the sun would not be so punitive on the skin. The leading attraction of the Dubai gold market over any other market is the low price of gold that is charged over there. Equated to markets in other places like Europe, the price is lower here by as much as 60%. Also, you can use your multi-currency card for making payments here and also for foreignexchange services.

To Know More Information : 

https://onlineforexcard.wordpress.com/2018/05/29/travelling-to-dubai-plan-a-budget-friendly-trip-by-buying-a-travel-card/

Why Are Prepaid Travel Cards More Superior To Other Modes Of Foreign Exchange ?

It should be no secret to anybody that when traveling overseas, the currency you use here is not likely to not be accepted there. This is why you need to convert your money to whatever currency they use in the nation you are visiting. There are numerous diverse ways of exchanging currency, but some work out better for your wallet than others. Fees and other charges also affect how much your money finally winds up being worth once it is in another currency. 

The first and first-born option is cash. Most individuals know that carrying cash on your journeys isn't principally secure. Security is the key reason for this. If you lose it or it gets stolen, there is no way you are getting it exchanged. If you do decide to use cash, you will have to take the time to find a bank that will exchange it out for whatsoever the local currency is. A bank fee is also generally included for this type of transaction. While not suggested, the travel currency rate you get with cash depends on whatever the exchange rate is for that day. Traveler's cheques are one of the more established approaches for making sure that you have currency when you are overseas. 

They offer superior security than cash, for if they happen to get stolen or you lose them, you simply call a number and get them replaced. Moreover, the rate at which you get your foreign currency will depend on the market rate when you are buying your cheques. There are also service charges involved, plus you have to pay shipping charges to have them sent to you. Traveler's cheques are ageing rapidly, and now plastic is coming to the forefront. 

You can use your regular credit or debit card, but these days, individuals much rather use a prepaid travel card. Your credit card will likely have an enormous credit limit and there is nothing there to control your spending. With a prepaid multi-currency travel card, you can only spend whatever amount you put on the prepaid travel card to begin with, which will be centered on the current travel currency rate. Debit cards will limit your spending to whatever you have in the bank. But a debit card, if robbed, gives the thief access to your complete bank account, while with a prepaid multi-currency travel card, they can only access the amount you put on the card. 

To Know More : 
https://onlineforexcard.wordpress.com/2018/03/27/prepaid-currency-care-your-savior-while-travelling-abroad/