IndusInd Bank’s multi-currency card travelling abroad hassle free for its customers. Whether you are going for a trip abroad, or to attend a business meeting or even to start a new course at a foreign location – the multi-currency card serves multiple purposes to provide a seamless experience to its customers.
One of the most important and basic requirements of studying abroad is foreign currency. IndusInd Banks helps students save money in terms of fluctuating currency exchange rates by providing them with a multi-currency card to meet their special needs. Salient features of this card are:

• One of the safest forms of carrying foreign currency
• 8 of the most widely used currencies can be loaded onto the card
• Embedded encryption enables better security against fraud and counterfeit.
• Available all the time unlike travellers’ cheque or foreign cash.
• With this card, students can avoid paying the processing fees, thus, saving some amount on their person
• With this card, students aren’t susceptible to varying exchange rates as the amount loaded on to the card is done at a fixed rate
• The card can be loaded multiple times.

Studying Abroad with Multi-Currency Card

A lot of Indian students prefer to study abroad to get quality education. Not just for studies, but a lot of students prefer to complete their internships abroad as well. For 3-6 months of internship in the US, Australia, Singapore, etc. carrying a multi-currency card is definitely the best option to carry foreign currency. This would also need that you wouldn’t need to open a bank account to meet your local expenses in a foreign location.
Foreign countries spend a lot of amount on International education scholarship and internship offers to attract the brightest of minds to their country.
Needless to say, Indian students find Australian education, US education among others, comforting and promising due to the multicultural & safe environment, similarities (cricket, weather), and the assistance offered to international students.

Handy financial tools for international students

Studying abroad in a developed country is a fairly expensive. Education loan and personal funds take care of course fees, rent and other academic requirements. However, a reasonable amount of travel money is also required while studying and living abroad. Managing finances while travelling abroad and decoding the complex maze of currency fluctuations & exchange rates could prove to be a tough task for teenagers.
Travelling with cash or standard debit/credit cards can be a risky and expensive decision. While losing cash is one of the most common nightmares, the long list of charges levied on regular cards is equally terrifying. For instance, the cash withdrawal charges, currency exchange fee, interest on ATM withdrawal, overseas purchases fee and other charges has the ability to burn a huge hole in a modest student budget. In addition, the acceptable currency changes with country to country, so does the exchange rates.
Therefore, parents should look into reliable options to ensure that their children get to enjoy hassle-free travel experience in a foreign country. Multi-currency card is one such trustworthy option that would enable young travellers to spend cash in a convenient, safe and secured manner.

Multi-currency card for global student travellers

The Indus Multi Currency Card provides the benefit of carrying 8 currencies in one card, minus the anxiety of losing or misplacing cash. It’s a simple, small and smart card loaded with features. Card-holders can load Australian Dollar, Arab Emirate Dirham, Canadian Dollar, Euro, Great Britain Pound, Singapore Dollar, Saudi Riyal and US Dollar, which offers protection against ever-changing exchange rates. This makes it a convenient and practical travel companion for young travellers who plan to explore the world on a student budget.
Are you concerned about the card’s safety and security standards? Please don’t be, because the embedded chip coupled with instant alerts, secure checkout gateway, online tracking system and immediate hot-listing in case the card is lost or stolen would keep your money safe.
The card can be utilized to make up to 12 transactions per day and the usage is limited to Rs. 5, 00,000. From booking hotels to paying restaurants bills, from purchasing flight tickets to shopping at stores, you can swipe the travel card without attracting any extra charge. You could also make use of the secondary card as a ‘replacement’, if you misplace or lose the primary issued travel card. At the end of your trip, the balance amount can be easily encashed at your convenience.

There was a time when one had to request their relatives and friends living abroad to bring international brands on their next visit to India. Suitcases were packed to the brim with foreign snacks, fashion accessories, toys, gadgets and other goodies. The retail market of every country was limited to its geographical borders and regular buyers had to visit the country to buy goods from across the world.
With the growth of Internet and ecommerce, the borders are gradually diminishing. In the last decade, there has been a drastic change in the way Indians shop, thanks to the online shopping sites. We can’t deny the fact that the domestic ecommerce market in India is booming. On the other hand, facts presented by various surveys and research reports reflect that cross-border ecommerce is today’s reality.

Advent of Cross-border Shopping

A Nielsen Global Survey report published in 2016 revealed an interesting fact. As per the report, nearly 74% of the Indian survey participants had bought things from global ecommerce sites. A similar trend was witnessed in Italy and Germany, though in varying degrees. Sensing a huge potential in India’s ecommerce adoption, many global retail outlets have developed India-focused strategy and started shipping to the country.
The spending capacity of India’s middle-class citizens has consistently gone up. In addition, the number of aspirational buyers residing in tier 2 & 3 cities, remote towns and villages is also growing at a jet speed. It is a common belief that only city dwellers are aware of international fashion brands and new technology. But in the age of Google, Twitter, Instagram, Netflix and YouTube, a person’s geographical location or region has little or no effect on personal taste and aspirations.
As per industry experts, mobile innovations and better payment solutions are fuelling this trend. It is closely followed by logistics and technology. Consumers are turning to mobile devices to shop and retailers are leaving no stone unturned to come up with an effective mobile strategy to cash in on this trend.
Financial institutes too have significantly contributed to the popularity of cross-border ecommerce in India. Lack of convenient, reasonable and secure payment tools hindered the growth of global retail. However, banks have diligently worked towards making international shopping as inclusive as possible for Indian customers.

Hassle-free Shopping with Multi Currency Card

The Indus Multi Currency Card has helped to create a more inclusive shopping experience for Indian buyers as far as buying from the international ecommerce sites is concerned.
The primary purpose of this multicurrency card is to assist Indian travellers in their journey across the world. It is a compact, safe and secure card, which can be loaded with 8 international currencies such as US Dollar, Euro, Australian Dollar, Saudi Riyal and Great Britain Pound. It comes in handy while making overseas transactions without the niggling thoughts about misplacing cash, fraud and erratic currency exchange rates.
However, what separates a ‘great product’ from the others is the number of additional benefits it offers to users besides the key benefits. One such benefit that the Indus Travel Card offers is that it can also be used for purchasing things from international ecommerce sites without inviting any conversion charges.
People who shop from global shopping sites via international credit cards are usually asked to pay foreign currency conversion fee to companies like Visa, Mastercard, foreign transaction charge to banks and cash advance fee. If you shop from international ecommerce sites using Indus’ forex card, then there’s no need to pay the conversion charges. As a result, you save more without compromising on the safety, security, and convenience front. The card can also be used to shop at Delhi Duty Free store.