Why Multicurrency Cards Are the Future of Forex?


At Muthoot FinCorp ONE, we're reshaping the landscape of foreign exchange with our multicurrency cards. Wondering why multicurrency cards are poised to become the trailblazers in the Forex realm? Let's delve deeper into this revolutionary evolution.

Gone are the days of cumbersome processes and limited options when it comes to managing foreign transactions. With Muthoot FinCorp ONE, you can effortlessly access a spectrum of Forex services, from buying, selling, reloading Forex cards to seamlessly sending money abroad. Our multi-currency cards redefine convenience, offering you the choice between cards or cash, empowering you to manage your finances with unprecedented ease.

Unparalleled Benefits Redefining Transactions

Why settle for less when you can experience the best? Our offerings come packed with a plethora of benefits:

  • 100% Secure Transactions: Your security is our priority. Rest assured, your transactions are safeguarded with state-of-the-art security measures.

  • Competitive Exchange Rates: Enjoy the most competitive exchange rates in the market, ensuring you get the best value for your money.

  • 24-Hour Transfers Guaranteed: Need to send money urgently? With our service, transfers are guaranteed within 24 hours* for your peace of mind.

  • Hassle-free Process: Say goodbye to complex procedures. Our streamlined processes ensure a hassle-free experience for all your Forex needs.

  • Accepted Worldwide: Whether you're in bustling cities or remote corners of the globe, our cards are universally accepted, granting you unparalleled accessibility.

  • Withdraw Cash from ATMs Worldwide: Convenience at your fingertips! Access cash from ATMs across the globe without any hassle.

Understanding the RBI Limits and Purposes

Curious about the nitty-gritty details? The Reserve Bank of India (RBI) governs international money transfer limits under the Liberalized Remittance Scheme (LRS). As per RBI guidelines, the limit for international money transfers stands at USD 2,50,000 in one financial year.

Moreover, RBI permits various purposes for purchasing Forex for non-trade accounts, including private visits, business travels, medical treatments abroad, education expenses, and much more. At Muthoot FinCorp ONE, we facilitate these transactions seamlessly, aligning with RBI regulations to ensure a smooth and compliant experience for our customers.

Your Journey with Muthoot FinCorp ONE

Embark on a journey where convenience meets reliability. With Muthoot FinCorp ONE, you can apply for a multi-currency Forex card online and have it delivered to your doorstep. Additionally, our platform enables you to send money abroad, reload your existing card, and conduct hassle-free international transfers, both online and offline.

While most services are available online, for cash collection or foreign currency sale, a visit to your nearest Muthoot FinCorp Forex branch may be necessary. However, our goal remains constant: to make your Forex transactions seamless and stress-free.

The Futurf of Forex is here, and it revolves around multifaceted offerings that prioritize your convenience, security, and accessibility. Join us at Muthoot FinCorp ONE, and experience a new era in managing your international financial transactions. Unlock the world of possibilities with our multicurrency cards, setting the stage for a hassle-free, secure, and efficient Forex journey.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Muthoot FinCorp ONE website today to know more.

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