Schedule of Charges Fees & Limits
Below revised charges and limits will be applicable on Forex Prepaid Card with effect from April 15, 2017. The charges are subject to change at Bank’s discretion and as per FEMA guidelines.
All fees and charges mentioned below are exclusive of taxes.
Goods and Service Tax - 18% with effect from March 1st, 2020.
Joining fee: INR 150/-
Reload fee: INR 100/-
Transaction fee: Point of Sale (POS) / Online – NIL
Cross currency fee: 3.5% + GST (applicable for all transaction types)
Cross currency transaction: A transaction when billing currency is different from the currency on card
There may be costs/charges associated with currency conversion levied by third party on Dynamic Currency Conversion (“DCC”) transaction. DCC is permitted in all acceptance environments where the customer has the opportunity to make a currency choice for their payment e.g. Point of Sale (POS), online and ATM. Please apprise yourself and ascertain such costs/charges before providing confirmation for DCC transaction. ICICI Bank declares that it does not derive any direct or indirect benefit (save and except for charges for currency conversion from billing currency to active wallet currency). As DCC transaction request is initiated by the customer post customer’s confirmation, ICICI Bank disclaims any liability for refund of any DCC transaction related charges.
Here's how you can make a smart choice and avoid the extra charges:
At the payment counter, the executive will offer you two choices to pay:
- To pay in local currency
- To pay in home/billing currency.
To save on your DCC charges, choose ‘To pay in local currency’.
If you choose to withdraw cash from an ATM through your Travel Card, you will come across these options:
- Accept without currency conversion
- Accept with currency conversion.
To save on your DCC charges, choose 'Accept without currency conversion’.
Conversion to home/billing currency
To save on your DCC charges, choose 'No'
While both the means serve your purpose, you might want to avoid the long ATM queues on your trip. So, swipe at the merchant outlets directly and save on the go.