World / Global Currency Card
Overview
A true companion makes your journey hassle free. Just like IDBI Bank’s World/ Global Currency Card. It allows you to travel abroad without worrying about carrying Cash, Credit Card or Travellers Cheque. It not only makes your journey more enjoyable but safe too. After all, every journey should be a memorable one.
The WCC / GCC are prepaid foreign currency cards that provide you the convenience of making purchases and withdrawing cash while travelling almost anywhere abroad. The WCC is available in eight currencies, i.e., AED, AUD, CAD, EURO, JPY, GBP, SGD, USD. The GCC is available in USD currency.
IDBI Bank World / Global Currency Card Advantages
Does away with the inconvenience of carrying travellers cheques
Is much more safer than carrying foreign currency and
Is more economical than credit cards
IDBI Bank World / Global Currency Card Features and Benefits
IDBI Bank World / Global Currency Card packed with features and special privileges, the Card offers great deals on
- Air Tickets
- Holiday packages
- Also offers a comprehensive insurance package to take care of all your travel needs
And it's very easy to buy. The card can be bought over-the-counter just by providing a copy of your air ticket, valid Visa, valid passport, A2 form (irrespective of amount) and your PAN number.
The WCC / GCC come to you packed with powerful features that you won't get with a travellers cheque or credit card.
More convenient than Travelers Cheques.
Wider acceptances
While Travellers Cheques are accepted only at select locations for purchases or encashment, the WCC / GCC is accepted virtually everywhere across the world at over 29 million merchant establishments that accepts Visa Debit and Credit Cards & MasterCard Debit and Credit Cards. Moreover, WCC / GCC can also be used to withdraw cash in the local currency wherever you are at over 1.8 million Visa/PLUS ATMs & MasterCard/ Maestro/ Cirrus ATMs worldwide.Spend only what you need
With Travellers Cheques the entire amount on each cheque needs to be encashed in full, each time you shop. While, with the WCC / GCC you only spend what you need so you don’t carry any extra cash.Convenient to encash
Travellers Cheques have a cumbersome encashment process; you need to look up local bank opening times, holidays, carry additional identification with you. The WCC / GCC can be encashed easily at ATMs at any time and provides enhanced security through a four digit ATM PIN to authorize ATM transactions.Easy to replace
Travellers Cheques have a cumbersome replacement process if lost. In case, you lose your WCC / GCC, all you need to do is call our Phone Banking numbers and a replacement card will be sent to you within 48 hours.24/7 Customer Service
You can access our Customer Service Centre round the clock, seven days a week. All you need to do is call 0091-22-67719100 and our customer service agents will be glad to assist you.Easy to obtain refund
In case of Travellers Cheques, balance encashment is possible only at Money Changers and at select merchant establishments. With the WCC / GCC, balance encashment is very convenient. All you need to do is visit nearest IDBI Bank branch & fill up a simple refund application form. Branch will issue a Pay Order on submission of your refund request. In case of WCC is purchased through Money Changer, please visit to the FFMC for claiming the refund.Cheaper than Credit Cards
- The annual fee on most international credit cards is much higher than the nominal fee on the WCC/ GCC.
- In case of credit cards, the rate of exchange depends on the rate applicable the day you transact which may be unfavorable. Whereas, with the WCC/GCC, the rate of exchange is fixed the day you purchase the card.
- In case of Credit Cards, if your bill is not paid within the due date then you pay much more in terms of interest payments, which are not applicable to the WCC/GCC.
FEMA Limits
The minimum amount that can be loaded on the WCC card is US $ 100 or Equivalent amount in other currency. The maximum amount would be as per RBI/FEMA guidelines applicable from time to time. Currently it is USD 2, 50,000 in a FY.
How To Apply
Get a World / Global Currency Card in 3 easy steps.
01. Get In Touch
Call on our Phone Banking numbers - Toll Free -
1800-209-4324
1800-22-1070 (24x7
service)
03. Receive a Call Back
Our representative will contact you at the earliest.
FAQs
- Walk into an IDBI Bank branch
- Fill out the application form and submit the necessary documents.
**Copy of Air Ticket, Passport, Visa, A2 Form, PAN Card - Collect your WCC on the spot, instantly over the counter.
Your WCC kit will consist of the following:
- World Currency Card along with welcome letter.
- WCC reference account number and Customer ID
- Usage Guide
- ATM PIN
- Terms and Conditions
The minimum amount that can be loaded on the card is US $ 100 or Equivalent amount in other currency. The maximum amount would be as per RBI/FEMA guidelines applicable from time to time.
Currently it is USD 2, 50,000 in a FY.
These cards are valid for a period of 2 years from the date of production. (Marked on the face of the card). Card is not valid for payments in India, Nepal and Bhutan
User can access the transaction details through installing IDBI M-Passbook application and register with the WCC customer ID and registered mobile number.
Your IDBI Bank WCC is valid for a period of two years. Within this period, you can reload your card as many times as you like. If you are in abroad on a visit, than you may email to the respective branch the scan copy of reload form. As per your authorization, your saving account will be debited accordingly and card will be reloaded. You may also pay through your other bank account (in case of non-IDBI Bank customer).
- POS transaction.
- E-Commerce transaction.
- Contactless ( Paywave) transaction.
- ATM Cash Withdrawal
- If you lose your card please call the IDBI Bank Phone Banking Centre.
- If you are in India please call (1-800-22-6999), if you are abroad please call (+91-22-67719100).
- Please quote your WCC Reference account Number and request for the card to be deactivated.
Contact your IDBI bank Branch and place a request for Card replacement. Soon after the Bank verifies your identity, your card will be sent to the current abroad location with a temporary deactivation.
On receipt of the replacement card you need to contact your Branch and confirm that you have received the card. The Bank will activate your card thereafter.
Once you return in India, you can either choose to have your balance reimbursed or retain the same on your card for any future trips. To withdraw the balance, please visit nearest IDBI Bank branch & fill up a simple refund application form. Branch will issue a Pay Order or credit your account on submission of your refund request. In case of WCC is purchased through Money Changer, please visit to the FFMC for claiming the refund.
As per RBI circular (RBI/2011-12/102) dated 02nd April 2012, on the receipt of Refund request from the Customer, Bank will refund outstanding amount remaining in WCC account immediately subject to retention of:
- The amounts that are authorized and remain unclaimed/ not settled by the acquirers as of the date of redemption till the completion of the respective settlement cycle.
- A balance not exceeding US$ 100, for meeting any pipeline transactions till the completion of the respective settlement cycle.
- Branch to ensure the refund of remaining $100 after 30 days of last transaction in WCC account.
Note: Based on RBI regulations, you can retain your card only if the balance remaining is below US$ 2,000 or equivalent in other currency when you trip abroad. If the balance exceeds US$ 2,000, you will have to surrender your card and take back the remaining amount in full within 180 days from the date of arrival.
| Currency | ATM withdrawal | POS limit | E-Com | |
|---|---|---|---|---|
| USD | 3,000 | 10,000 | 10,000 | |
| GBP | 2,500 | 10,000 | 10,000 | |
| EUR | 2,500 | 10,000 | 10,000 | |
| SGD | 3,000 | 10,000 | 10,000 | |
| AUD | 4,000 | 10,000 | 10,000 | |
| CAD | 4,000 | 10,000 | 10,000 | |
| AED | 10,000 | 10,000 | 10,000 | |
| JPY | 3,00,000 | 90,000 | 90,000 | |
| Daily Cash at POS Limit | INR 2000 | |||
| Daily Contact Less Limit | INR 10,000 | |||
Charges Sheet
| Sr. No. | Particular | US $ | EURO | POUNDS | Canadian $ | Australian $ | Singapore $ | UAE- AED | Japanese Yen |
| 1 | Transactional charges in respective currency | ||||||||
| a) Cash withdrawal | 1.50 | 1.50 | 1.00 | 2.76 | 03.30 | 3.86 | 5.25 | 140 | |
| b) Balance inquiry | 0.55 | 0.44 | 0.33 | 0.66 | 0.77 | 0.88 | 1.93 | 50 | |
| 2 | Initial Card fee | Rs.140/- + Applicable Taxes | |||||||
| 3 | Reload fee | Rs.75/- + Applicable Taxes | |||||||
| 4 | Foreign Exchange rates | As per rate determined by IDBI Bank0 | |||||||
| 5 | Cross Currency Conversion | As per rate determined by Visa/ IDBI Bank. | |||||||