What is SBI Forex Card

If you’re someone who loves exploring foreign countries, the Forex card of State Bank of india (Foreign Travel Card) is your perfect travel companion. It’s a prepaid foreign currency card that makes spending abroad simple, safe, and hassle-free. Equipped with a secure EMV chip, it safely stores your encrypted personal information. Whether you’re shopping in Paris, dining in Tokyo, or sightseeing in New York, this card gives you a reliable and secure way to carry money—valid worldwide (except in India, Nepal, and Bhutan).

SBFTC is available in nine Foreign Currencies viz. US Dollars (USD), Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Japanese Yen (YEN), Saudi Riyal (SAR), Singapore Dollar (SGD) and United Arab Emirates Dirham (AED).

Feature of SBI Forex Card (Foreign Travel Card)

the SBI Forex Card is a smart, secure, and convenient way to carry foreign currency. Here’s why this card should be in your travel wallet:

Globally Accepted: Use it anywhere in the world (except India, Nepal, and Bhutan) – for shopping, dining, hotel bookings, or withdrawing cash from ATMs.

Backed by VISA or MasterCard: Trusted networks make your card usable at millions of locations worldwide.

 For All Kinds of Travellers: Whether you’re a tourist, student, business traveller, medical visitor, or pilgrim – this card fits your needs.

 Flexible Load Options: Load or reload with as little as:

• USD 200
• GBP 120
• Euros 150
• CAD/AUD 200
• YEN 15,800
• SAR/AED 750
• SGD 250

Competitive Exchange Rates: Get more value for your money when you convert your currency.

Generous Spending Limit: Spend up to USD 2,50,000 (or equivalent) per financial year under RBI rules.

Reload Anytime: Top up your card multiple times at any authorized SBI branch.

Secure Usage: Use a 4-digit PIN for ATMs, and PIN/signature for swiping at stores.

Online & ATM Access: Shop online (securely with VBV/CVV2), check your balance, and withdraw cash worldwide.

Stay Informed: Get SMS and email alerts for every transaction* – so you’re always in control.

Online Account Access: Check balance and download statements via:

• VISA: https://oneview.prepaid.sbi
• MasterCard: https://www.sbitravelcard.com

Add-on Cards: Get up to 2 backup cards (VISA) or 1 (MasterCard) – great in case your main card is lost or damaged.

24/7 Support: Round-the-clock customer service for queries and card blocking if lost/misplaced.

So whether you’re backpacking across Europe, studying in Canada, or shopping in Dubai – your SBI Forex Card makes spending abroad easy, secure, and hassle-free.

Who Can Get an SBI Forex Card?

• Indian citizens planning international trips (except to Nepal and Bhutan) can apply for the card to enjoy a hassle-free travel experience abroad.
• Employees traveling overseas for work can get the card through their company, provided all KYC requirements are completed.
• Parents or sponsors of students studying abroad can also get this card in the student’s name, and reload it as needed—within limits set by RBI’s FEMA guidelines.
• Foreign nationals living in India can also apply, as long as they meet all KYC and FEMA rules.

Document Required for Applying SBI Forex Card

• Signed application-cum-agreement form.
• Copy of valid Passport.
• Copy of valid PAN card.
• Document confirming intended foreign travel 
  • VISA
  • Ticket
  •  Proof of admission to a foreign university / institute or any other document
• Proof of residence in case the address is different from that appearing on passport

How to Get an SBI Forex Card (SBFTC)

If you’re eligible, you can apply for an SBI Forex Card in two simple ways:

Option 1: Apply Online
Visit SBI’s Retail Internet Banking portal (RINB) at https://www.onlinesbi.sbi/ and submit your application for the SBI Foreign Travel Card (SBFTC) from the comfort of your home.

Option 2: Apply at an SBI Branch
Visit any authorized SBI branch, fill out the SBFTC application form, and submit it along with the required KYC documents.

You can download SBFTC Application Form Here

FAQs

Q1. Can I use the Add-on cards simultaneously? 

Yes, Add-on cards can be used simultaneously along with the original card.

Q2. Is there any additional charge for cash withdrawal at ATMs? 

Yes. In some countries additional charges are levied on non-domestic Cards. Such charges will be debited from your SBFTC by the Bank in addition to the Bank’s usual charges. 

Q.3 What Happens If You Don’t Have Enough Balance in the Transaction Currency?

If the transaction currency doesn’t have enough balance on your SBI Forex Card, the remaining amount will be automatically deducted from the next available currency on your card.

The deduction will follow this order of priority: USD, GBP, EUR, SGD, AUD, CAD, and AED. The applicable exchange rate and cross-currency fee will apply, as per the Fees and Limits section or the Terms and Conditions.

Disclaimer: The information provided in this blog post about the SBI Forex Card (Foreign Travel Card) is for general awareness and informational purposes only. While we strive to keep the content accurate and up to date, SBI’s policies, charges, and features may change from time to time. Readers are advised to visit the official State Bank of India website or contact the nearest SBI branch for the most current and accurate details before making any financial decisions.

Reference: SBI