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How to transfer Money from Forex card to bank account?
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There’s usually no fixed lower limit but the balance should exceed any applicable service fee.
The timeline varies by provider but it typically takes 1–2 working days. If you're doing it through a branch then it might take slightly longer due to additional paperwork.
If you don’t have any international travel plans soon then it’s better to refund the full amount and avoid potential inactivity charges.
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
If you've just returned from an international trip or you're wrapping one up, chances are you're looking at your Forex card balance and wondering about your options. Can you withdraw money from your Forex card or transfer whatever’s left to your bank account? Maybe you've got a good chunk of funds left and you don’t want it sitting there.
A lot of people who use prepaid Forex cards face the same question once their travel plans are over. So, if you're in that same boat then this guide will help you understand how the transfer works, what you should keep in mind before doing it and how to go about it easily.
Can you transfer money from Forex card to bank account?
Yes, you can. Forex cards are primarily designed for international use like swiping for payments abroad or withdrawing local currency at ATMs overseas. However, if you have leftover balance once you're back in India then you can request a transfer to your domestic savings bank account.
How to transfer money from Forex card to your bank account
If you’re using a Kotak Forex Card then you have two convenient options:
If you’d rather not go to the branch then this method is perfect. It’s fast, secure and you can do it anytime.
Once it’s processed then the money gets credited in INR, based on the current Forex rate.
If you prefer offline methods or don’t have access to the app then this option works too.
Whether you go digital or offline, Kotak Mahindra Bank ensures that the refund experience is smooth and reliable.
Things to consider before you make the transfer
Before you go ahead and request that refund, there are a few things worth knowing:
The bank will convert your foreign currency balance into INR at the current exchange rate. That means the final credited amount might be slightly higher or lower than what you expect.
Some banks apply a small service charge when processing refunds. The Forex card fees at Kotak Mahindra Bank are transparent. You can them before confirming your request, so there are no surprises later.
Most Forex cards are valid for a couple of years. However, the Kotak Forex Card stands out with a 5-year validity and no dormancy charges. So, if you're planning to travel again soon then you can choose to hold the balance. Avoid delaying the refund unnecessarily if you’re not going to use it.
Getting the hang of transferring funds from your Forex card to your bank account can make things a lot smoother. It really helps sharpen your financial planning especially when you're managing global travel or expenses. By understanding the process thoroughly—right from currency conversion to applicable charges and withdrawal limits—you’ll feel more in control. Always make sure you’re using reliable services and keeping an eye on the fine print. With the right knowledge, managing leftover balances becomes simple, safe and stress free.
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