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Forex cards are a cheaper, value-loaded option for international travel

Forex card scores over other instruments because it has several benefits

Sarbajeet K Sen  |  New Delhi 

With the winter season coming, a lot of people would be planning an overseas holiday. And a holiday entails expenses. Carrying hard currency is an ideal option, but it may not be a wise decision to carry too much.

According to current rules, foreign exchange (forex) up to $10,000 in any calendar year can be obtained from authorised dealers for visits abroad for tourism. This may be used for more than one visit. However, on a single trip, one is permitted to carry foreign currency notes/coins up to $3,000 individually. Anything above that has to be through instruments such as ...

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First Published: Tue, October 15 2019. 20:02 IST
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