Navigating heavy traffic on Indian roads is a challenge none of us are oblivious to. But a two-wheeler can indeed make the ride smoother. With convenient financing options like two-wheeler loans, it is easy for you to purchase your desired vehicle. Yet, many buyers consider paying cash rather than opting for a loan.

Of course, selecting a payment method is a matter of choice and, sometimes, even much discussion and debate. Even if you have enough savings to pay for the vehicle, there are several reasons why loans are a far better way of financing the purchase.

So, if you are in the process of buying your next bike or scooter, keep reading to learn why it makes sense to apply for a two-wheeler loan instead of paying cash.

Boosts Your Purchasing Power

When you opt for a loan instead of self-financing, you can increase your purchasing power. This is because paying for a big-ticket purchase like a two-wheeler means you need to pay a huge amount upfront. Not everyone may have this amount in the bank. Even if you do, it can limit your options as you must stick to your current budget. As a result, you might have to compromise on your choice and settle for a vehicle with less features or other specifications.

On the contrary, if you apply for a two-wheeler loan, you can finance a vehicle that might be slightly out of your price range. This way, you don’t have to compromise on your dreams and can bring home your dream bike!

Keeps Your Savings Intact

This one is a no-brainer! Opting for a two-wheeler loan means you don’t have to break the bank. You can continue saving for your goals and keep your savings intact for financial emergencies. Also, paying a small amount every month is a far more financially prudent move than paying a massive amount in one go.

At IndusInd Bank, you can enjoy flexible repayment tenures and doorstep documentation facility.

Improves Your Credit Score

Your credit score is an essential parameter your lender uses to assess your repayment capacity and creditworthiness. But did you know that taking a two-wheeler loan can help improve your CIBIL score? Why, yes! Borrowing a loan and repaying your dues on time is a sure shot way to boost your credit score and build a positive credit history.

Moreover, paying monthly EMIs can also help inculcate financial discipline and help you maintain financial stability. With IndusInd Bank’s online EMI calculator, you can clearly understand your EMIs before applying for a loan.

Special Offers and Discounts

Many banks offer festive offers and seasonal discounts on their loan products. If you grab a good deal during these events, you can automatically reduce your loan burden. Plus, you may even find offers in collaboration with bike manufacturers.

At IndusInd Bank, we give you attractive interest rates to make borrowing easier and more affordable for you. Look out for our schemes during festivals and other events before you apply for a two-wheeler loan to afford your desired two-wheeler.

The Bottom Line

Lastly, you can get approval for a two-wheeler loan quickly. With IndusInd Bank, you can benefit from competitive interest rates and hassle-free processing. We offer complete transparency throughout the borrowing process along with fast processing times.

We make the borrowing process seamless and incredibly convenient so that you can bring your preferred vehicle home with ease. To learn more about our loan offerings and to apply for a two-wheeler loan, contact us today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Do you want to send money to your friends and family living outside India? The RBI allows Indian nationals to transfer money abroad under the Liberalised Remittance Scheme (LRS). As per LRS guidelines, you can transfer money for education, employment, medical, purchase of property, and business travel. 

This process is also known as an outward remittance. In India, only banks and certain individuals are authorised to do so. At IndusInd Bank, we provide you with fast, safe and convenient options to send money.

You can send money overseas from the comfort of your home by visiting our website or you can walk into any IndusInd Bank’s Forex Enabled Branch near you. Wondering if you should choose IndusInd Bank’s remittance services? Here are some reasons why. 

Widespread Network

Apart from our network of partners in India, we have a robust network of exchange houses across the globe. We are present in multiple countries, such as the USA, Canada, New Zealand, Singapore, Hong Kong, Malaysia, Australia, UAE, Qatar and Oman. 

Major Authorized Dealer Category II entities in India such as FFMCs, co-op banks and regional rural banks prefer IndusInd Bank to send outward remittances. We provide superior technology, unmatched user experience and 24×7 support to our 10 million happy customers.  

Choose From Over 16 Currencies

No matter where your loved ones are residing, IndusInd Bank helps you reach them. We allow international money transfer in the following currencies:

1. United States Dollars (USD)
2. Great Britain Pounds (GBP)
3. Euro (EUR)
4. Australian Dollars (AUD)
5. Canadian dollars (CAD)
6. New Zealand Dollars (NZD)
7. Arab Emirates Dirham (AED)
8. Swiss Franc (CHF)
9. Danish Krone (DKK)
10. Hong Kong Dollar (HKD)
11. Japanese Yen (JPY)
12. Norwegian Krone (NOK)
13. Saudi Riyals (SAR)
14. Swedish Krona (SEK)
15. Singapore Dollars (SGD)
16. South African Rand ZAR

Paperless And Hassle-Free Process

With IndusInd Bank, transferring money abroad is convenient and fast. What’s more, it is 100% paperless. Here are the steps you need to follow to send money abroad: 

• Fill in your desired amount in the online transfer form. IndusInd Bank will automatically fetch the best currency conversion rate for you. 
• Enter your Aadhaar & PAN details or Mobile number & PAN details depending on your eligibility
• Provide correct beneficiary details & purpose of transaction
• Authenticate yourself using your mobile number linked to Aadhaar Card 
• Authorise the money transfer process via debit to your savings account by electronic signature

Quick Wire Transfers

With IndusInd Bank’s remittance services, you can do a wire transfer. A wire transfer is the fastest & safest way to send money abroad digitally. 

By performing a wire transfer, you can transfer foreign currency electronically through a network called Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT. 

A wire transfer is safe and requires only 1-2 days to transfer money to overseas banks accounts. The recipient can withdraw or use the money instantly after they receive it. This is especially helpful if you are transferring college fees or sending money to pay medical bills. 

Not an Existing Customer? No Problem

If you are not an existing customer of IndusInd Bank, you can still transfer money with us. You don’t need to open a bank account with us or go through a cumbersome registration process. 

Just submit a copy of your PAN card, Aadhar card, and your valid passport or any other proof of address and any else document required as per RBI. And your KYC is done! After that, you can use our first-class services to transfer money internationally online. 

Over to You!

When it comes to making sure that your hard-earned money is transferred safely to your loved ones, you can trust us. So, opt for our services, and enjoy a seamless international money transfer experience. 

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

If you travel a lot either because of your passion or your job, you have thought about getting a forex card. Or better yet, you already have one! Not only is it a safe and reliable partner for your overseas trips, but it can also do much more than just taking care of your foreign currency requirements.

When you purchase a forex card at IndusInd Bank,you open a world of possibilities and convenience! Read further to learn how to utilise your forex card to the fullest.

Travel Abroad with Ease

With the Indus Multicurrency Forex Card, you no longer have to carry currency notes in your pocket when you travel around the world. The card is widely accepted across the world and can carry up to 14 international currencies. Since it works like any debit or credit card, you can use it to transact with ease.

Forex cards are also a less expensive way to make payments compared to an international debit or credit card, protecting you from any fluctuations in foreign exchange rates.

Swipe at Merchant Outlets

If you have a forex card, you can shop easily anywhere. These cards are widely accepted at local shops and merchant outlets overseas. Swipe or dip your card at a POS machine and enter your 4-digit ATM PIN. Sign the merchant’s copy of the transaction slip to complete the transaction. Also, make sure to collect your transaction invoice.

Pay for Online Transactions

Did you know you can shop online on international sites using a forex card?All you have to do is select a credit card as the mode of payment on the merchant website. Next, put in your billing address and credit card details. Enter your online password to complete your purchase. It works just like any standard debit or credit card.

Also, you don’t have to worry about any extra charges when you purchase through international websites. We do not levy any charges for online transactions, so that you can shop without limit!

Withdraw Cash from any ATM

A pre-loaded forex card also allows you to handle any cash-related emergencies with ease, as you can use it to withdraw cash at any VISA-enabled international ATM. We charge a minimal ATM withdrawal fee as compared to an international debit or credit card. The withdrawal fee depends on the current exchange rate. Hence, it is a much safer way to carry your money. Lastly, you can cash out the balance amount on your forex card upon your arrival in India.

Some Additional Online Forex Services

Along with being your travel partner & supplier of Forex Card, IndusForex, IndusInd Bank’s online retail forex, is a multi-purpose financial tool that can be used for the following:

• Outward telegraphic transfers
• Forex Card Reload
• Manage your Forex Card
• NR Transactions

Things to remember while using a Forex Card

While a forex card is a safe and hassle-free way to make payments when you are travelling abroad, there are some things you should keep in mind when using your multi-currency forex card-

#1 Keep Track of the Charges

When you pay your bills or make purchases overseas, make sure that you are aware of the extra charges you have to pay. For instance, there might be charges incurred on ATM cash withdrawals. While a single withdrawal per day might be free, your bank can charge you for multiple transactions.

#2 Pay in the Same Currency that you Loaded

If you are using a multi-currency forex card, make sure that you pay a merchant in the same currency as you have loaded. For instance, if your card is loaded with Euros, but you make the payment in Indian Rupees, you will have to incur some cross-currency charges.

To Sum Up

If you are planning another international trip with your family, connect with IndusInd Bank and apply for a forex card to make your travelling experience hassle-free! With IndusInd Bank, you can enjoy the wide benefits of our extensive network worldwide and completely secure transactions!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

A forex card is the most convenient way of carrying money with you on your international trips. It allows you to make digital payments on-the-go without worrying about travelling with wads of cash. Indeed, it is the preferred payment mode for countless travellers today! 

But what if your itinerary takes you across many countries in a single trip? Do you need a new card each time you cross a border? Certainly not! You can opt for a multi-currency forex card instead. 

Multi-currency forex cards are widely accepted all across the globe. They are flexible to use, easy to load, and you can withdraw your remaining balance when you get back to India. Read this article to learn why you should opt for multi-currency cards. 

What is a Multi-currency Forex Card?

Unlike single-currency cards, multi-currency cards can hold more than one currency. You can load them at once with all the currencies of the countries you plan to visit. You can use the same card to make transactions anywhere you want.

You can use IndusInd Bank’s multi-currency card with the following currencies:

1. Australian Dollar (AUD)
2. Canadian Dollar (CAD)
3. EURO (EUR)
4. Great Britain Pound (GBP)
5. Singapore Dollar (SGD)
6. Saudi Arabian Riyal (SAR)
7. UAE Dirham (AED)
8. US Dollar (USD)
9. Hong Kong Dollar (HKD)
10. Japanese Yen (JPY)
11. New Zealand Dollar (NZD)
12. Swiss Franc (CHF)
13. Thai Baht (THB)
14. South African Rand ZAR

Let us now look at the benefits of a multi-currency forex card. 

Easy to Use

Multi-currency cards are simple to use, just like regular debit cards. All you have to do is load the card with your desired amount, which can be up to an equivalent of 2.5 lakh USD, as per RBI guidelines. You can use it at any point of sale (PoS) or ATM or perform online transactions in foreign currency. 

Different currencies in a multi-currency forex cardare reflected in separate currency wallets. If you are short on local currency, you can use the authorization order to debit from a different currency wallet. In simple words, if your balance for a local currency is low, you can use another currency wallet with sufficient funds to pay for that transaction.

Cost-effective

Kiosks at airports and hotels charge high currency exchange rates. So, if you want to cover multiple countries during a single trip, you might end up paying a lot! Instead, choose a multi-currency forex card. It is cost-effective because your foreign exchange rate remains unchanged after loading the card, protecting you from currency fluctuations. 

Multi-purpose

You can make payments through IndusInd Bank’s multi-currency forex card for various purposes. Whether going on a holiday or moving abroad to pursue overseas education, we have got you covered. You can also apply for a card when you go abroad for a medical procedure or get an overseas job. 

Secure

IndusInd Bank’s forex cards are enabled with EMV chips and are secure against card skimming and counterfeit, unlike only magnetic-strip cards. What’s more, we also send you instant SMS & email alerts every time you make a transaction in any location. If you notice any suspicious transactions, you can call our 24X7 customer service helpline, and we will block your card instantly.  

In Conclusion

With IndusInd Bank’s multi-currency card, the world is your oyster. No matter where you go, you will have a hassle-free way to manage your money, make payments, and enjoy your trip. To buy a forex card online, all you have to do is visit our IndusForex website. The process is free paperwork, and you only need to fill an online application and submit details for KYC Checks. And voila! Your card will be delivered to you in just a few days. 

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.