BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which among the following banks has launched a Multi-currency Forex Card for overseas travellers recently?
A
South Indian Bank
B
ICICI Bank
C
Kotak Mahindra Bank
D
Standard Chartered Bank
Explanation: 

Detailed explanation-1: -World Traveller Forex card by Axis bank: It is considered one of the best forex cards for Indian travellers going on international visits. This card also comes with a free Miles and More membership. This card supports foreign currencies such as US Dollar, Euro, Saudi Riyal, Japanese Yen, Pound Sterling and many more.

Detailed explanation-2: -This card can be loaded in 22 currencies, providing protection against exchange rate fluctuation in future. You can withdraw cash or use the card at Point of Sale (POS) terminal in any currency anywhere in the world using the Multicurrency card.

Detailed explanation-3: -A Standard Chartered Multicurrency Forex Card helps you save on the cross currency mark up charges on debit and credit card transactions overseas. You can load the card with up to 20 currencies and simply swipe it to pay. Instantly available and with an online reload facility, it ensures convenience.

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