FOREIGN CURRENCY MARKUP
Travel credit cards: 5 smart things to know
A travel credit card is specifically designed to provide benefits that are related to travel expenses.
Credit cards with all-round benefits can help maximise savings: Top cards of HDFC Bank, Axis Bank, SBI Card, IDFC FIRST Bank
Top all-round credit cards: By choosing an all-round credit card, users can enjoy various benefits and maximize their savings on a range of purchases. Here is a look at credit cards with the best all-round benefits chosen basis the overall value offered by a card across multiple categories like shopping, dining, travel, movies and more.
ICICI Bank revises charges of these 17 savings account services effective from May 1; check details
ICICI Bank savings account charges: The fees associated with several savings account services, including cheque books, IMPS, ECS / NACH Debit Returns, stop payment fees, and more, have been revised by ICICI Bank. These changes will come into effect from May 1, 2024.
Axis Bank revises rules for accessing airport lounges and others; these debit cards to be less rewarding
Axis Bank debit card rules: Airport lounge access rules, BookMyShow offer, EDGE rewards, etc on various Axis Bank debit cards like Burgundy, Priority, Delight, Online rewards, etc have been revised. Now a minimum transaction limit needs to be achieved for airport lounge access. Apart from this, the BookMyShow offer on certain Axis Bank debit cards have also been revised.
Axis Bank Credit Card major changes announced: Reward point earnings, lounge access, annual fee waiver rules changed for this credit card
New Axis Bank credit card rules: Let us take a look at the changes that will be made to the Axis Bank Magnus Credit Card.
Major changes in SBI Card: List of SBI credit cards where reward points will not be applicable on rent payments
List of SBI Credit Cards where reward points will not be applicable on Rent Payments and other changes applicable from April 2024.
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New credit card rules 2024: Know changes to credit card rules of SBI Card, ICICI Bank, Axis Bank in 2024
Important credit card rule changes: Let us take a look at the credit card rule changes of ICICI Bank, Axis Bank and SBI Card.
ICICI Bank changes airport lounge access benefits for these 21 credit cards, reward points rules also changed; know more
Cardholders of ICICI Bank will soon notice significant modifications to airport lounge access benefits for these 21 credit cards, and reward points rules of many other cards.
Debit card or credit card: Which one should you use on international trip to save on forex, ATM charges, TCS?
Debit card vs credit card: The first thing to keep in mind is that using a debit card means spending the money in your account. Credit cards, on the other hand, are handy if you face a shortage of funds while travelling abroad. Is it better to use a debit card to avoid overspending or swipe a credit card to stay away from TCS? What are the charges you need to keep in mind while using a debit or credit card abroad? Read on to find out before boarding that flight.
IndusInd Bank unveils 'Indus Solitaire Program' to provide services for diamond industry
IndusInd Bank has launched its 'Indus Solitaire Program', a community banking initiative designed for the diamond industry. The program will be offered through its flagship branches in Mumbai and Surat, providing exclusive benefits and features. The program includes 24x7 locker access, add-on family accounts, zero cross-currency markup fee on foreign exchange, customized diamond industry employee salary accounts amid other services.
20% TCS from October 1, 2023: How a forex card could save you more than a credit card during international trips
TCS on forex payments: From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial year. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Read carefully to find out
Cross Border Remittance: A need for transparency similar to capital markets
In case I am loading a forex travel card or purchasing currency for foreign travel, again my negotiation skills with my bank relationship manager will determine what I pay per dollar
Study abroad: How to minimise charges on foreign money transfers
Since international payments aren't a one-time thing when you study abroad, you'll need a convenient, fast, and cost-effective method to transfer money abroad. Here are some factors to consider when choosing a reliable and affordable way to transfer money for your child's overseas education.
How new interbank forex card from BookMyForex cuts charges to the lowest
Interbank forex rates are the rates at which banks deal with each other for currency exchange and is considered the true foreign exchange rates. This is also very transparent rate which anyone can find and verify online on search engines. While most of the forex card issuer charged a markup over this rate, the new card claims to have zero markup over the interbank rate.
Indians lost Rs 26,300 crore as foreign exchange fees in 2020
The money lost annually by Indians grew to Rs 26,300 crore in 2020, as compared to Rs 18,700 crore in 2016, the study commissioned by Wise, a London stock exchange listed company, and done by Capital Economics in August 2021, said.
Indians paid Rs 263 billion in foreign exchange fees in 2020: Report
The study conducted by Wise, a global technology company, revealed that between 2016 and 2020, the annual amount Indians lost in fees and exchange rate mark-ups increased from Rs 187 billion to Rs 263 billion.
Why your portfolio needs international equity exposure
Some experts recommend the average investor to take portfolio exposure of 5%-10% towards international investments.
RIL plans to raise $2 billion foreign debt for capex
In June last year, the company raised $1.85 billion of long-term foreign loans.
Will this new platform for retail foreign exchange customers benefit you?
Customers can expect their overall foreign exchange transaction costs to come down with this facility- a centralised electronic forex trading platform— FX-Retail.
Currency markets expose a crucial flaw in Trump's China tariffs
The yuan “floats” far less than most major currencies in global FX markets
Currency markets reveal crucial fault in Trump's trade tariffs
Foreign exchange has emerged as a focal point in US-China trade talks.
Things to know before buying a prepaid forex card for your international holiday
If you are planning on going on a holiday abroad this summer, here is what you should know about prepaid or forex cards.
Standard Chartered introduces new Multi currency forex card
Standard Chartered Bank has launched a ‘Multicurrency Forex Card’, designed to offer travelers a secure way to carry money when traveling abroad.
RBI moves to curb ‘short-changing’ of clients, price rigging
The triggers for the code are the recent short-squeeze in the local government securities market.
Prepaid forex cards best bet for foreign trips
For those travelling overseas, prepaid forex cards are emerging as a sound option in terms of rates and a hedge against further depreciation.
Essar Group first Indian corporate to get nod for refinancing expensive rupee loans with cheaper dollar credit
The central bank has approved group flagships Essar Steel and Essar Oil to get external commercial borrowings of $430 million and $1.5 billion, respectively.
Why buy a prepaid Forex Card instead cash for your foreign holiday
Experts are Increasingly recommending travellers to go for a prepaid forex card while buying foreign currency.
Flying abroad? Get the best deals while buying foreign currency
Travellers can purchase foreign exchange even 180 days prior to the travel date provided they can produce the required documents.
Fortis Healthcare hit by governance issues; share down 25% since intra-group deal
At $665 million, the listed Indian entity is paying $115 million, or 20%, more to buy the unlisted overseas healthcare business owned by its promoters.
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