Forex Services - Traveller Cheques

An instrument which is similar to a bearer cheque. You need not convert the same to cash, but can use it across the counter at shops, hotels and other establishments.

Currency

Your best choice for currency would be that of the destination country. Travelers Cheques are available in US Dollars, Sterling Pounds, Euros. If there are no travelers cheques in your destination currency, US Dollar travelers cheques would be the next best option. Like cash, you can save unused travelers cheques for future use within 180 days from the date of your return. Please treat your travelers cheques like you would your cash.

Encashment

On your return, unused travelers cheques can be converted to cash at the prevailing rates. Incase of lost cheques, please be sure to contact the local issuing office and also the local police within 24 hours and obtain a FIR.

Refund

If your travelers cheques are lost or stolen, the issuer will refund their face value provided :

Before Loss :

• You have signed each cheque at the place marked "Signature of the Holder" in non erasable ink immediately upon receipt, but have not countersigned any of them.

• You have safeguarded each cheque against loss or theft as you would a similar amount of your own cash.

• You have not parted with the cheques voluntarily or as collateral security.

• You notify the issuer within 24 hours of the loss or theft of your cheques, and the local police reporting the circumstances of the loss or theft in such details as may be reasonably required.

• You supply the Purchaser's receipt copy of the sales advice (PAF), as well as acceptable proof of your identity, when making your refund claim.

• You complete the appropriate refund claim documents to reasonable satisfaction and sign them in good faith.

• You agree to co-operate in the investigation of the loss or theft, and in any resulting prosecution.

• However the issuer reserves the right to delay refunds during investigation of the loss or theft and will not be liable for any loss or expense caused by such delay. In addition, your cheques will not be refunded by the issuer if they have been seized or confiscated by the state, government, customs, revenue, police, military or other such officials or personnel. The issuer shall not be obliged to stop payment of your travelers cheques for any reason whatsoever.

ICICI Bank Travel Card

It's not a Credit Card. Empower yourself with a global travel Card.

The ICICI Bank Travel Card has made travel abroad convenient and safe. Available in US Dollars, Australian Dollars, Canadian Dollars, Swiss Francs, Euros and Pound Sterling, the International Traveler is spoilt for choice. Some of the powerful features are Replacement Card (part of kit), SMS alerts for every transaction, online access both to customers and corporate, card useable over the Internet etc. making travel totally hassle-free.

Security Measure

The ICICI Bank Travel Card is protected by a 4-digit secure PIN (Personal Identification Number) which prevents anyone else from using the card, even if it is lost or stolen. ICICI Bank Travel Card can be purchased in any amount ranging between US$500 to US$10,000, subject to individual entitlement as per the prevailing RBI rules and FEMA.

Key Features

• Choice of Currency : Available in US Dollars, Australian Dollars, Canadian Dollars, Swiss Francs, Euros and Pound Sterling

• Replacement Card : To take care of emergencies abroad, a Replacement Card is given free of cost as part of the Travel Card Kit

• Online Access : Both customer and corporate can get online access to card details, including statements and balance

• Convenient, Secure & Worldwide Acceptance : No more hassles of finding Money Changers and encashing travellers cheques! You can also shop at over 13 million merchants who accept VISA Flag.

• SMS Alerts & Worldwide Assistance : SMS Alerts after every transaction, Comprehensive travel and accident insurance and 24 Hour Customer Care Centre

• Internet Transactions : The ICICI Bank Travel Card can be used to transact over the Internet

Encashment

For encashment of balance the customer needs to call ICICI Bank. A demand draft for the amount remaining on the card will be sent to the cardholder at his/her mailing address.

• A cardholder has the option of retaining the balance on the travel card if its is below $2000. This balance can be used for future trips or can be encashed at a later date.

• A cardholder needs to necessarily encash the remaining balance on the card within a period of 90 days if the amount is in excess of $2000.