Kotak Mahindra
Let Kotak take care of your forex transactions in Germany.
What is the process?
After documentation and validation, transfer the required funds in the delegated bank and use your loaded Kotak’s forex card.
Do I need to have Kotak’s bank account?
No, you can avail Kotak’s forex card even without having a bank account.
What documents should I prepare?
A forex card application form and passport copy are required.
Is there an additional transactional cost?
Yes, it depends on the banks and their laws.
Is it functional in all ATMs?
It is accessible in ATMs displaying the Visa/Plus logo.
Is there any insurance covered?
Yes, insurance related to loss of card, document or baggage, air accident, and purchase protection is covered under Kotak’s Forex card.
Is there a set exchange rate?
No, it can be purchased/reloaded/refunded according to the rates of the day.
Is there a backup provided if my card is lost or stolen?
Yes, you can get another forex card.