AXIS BANK, India’s third largest private bank today announced the launch of India Travel Card, India’s first and only Indian Currency prepaid travel card for foreign nationals and non-resident Indians travelling to India.

The India Travel Card will initially be available at select Axis Bank branches in Mumbai, Delhi and Chennai as well as at  the large network of money changers. The card will be made available at over 190 well-located Axis Bank branches in the next few months. A customer can exchange foreign currency with the Branch/Money changer and receive a Rupee-denominated prepaid card with the same amount as converted in Indian rupees at the prevailing exchange rate. The card can be use at more than 4.7 lakh Merchant outlets and over 44,000 ATMs.

P Mukherjee, President – Treasury and International Banking, Axis Bank said, “Axis Bank, as a total solutions bank, endeavours to introduce new and innovative products for its customers. We are proud to have introduced this unique payment solution for foreign nationals and NRIs visiting India.”

The India Travel Card comes with a host of advantages for its users like avoiding the need to carry physical currency notes, International Credit and Debit Cards, and Travellers Cheques. While helping the user to avoid issues such as loss of currency, thefts, frequent currency fluctuations, the card also allows the user access to Indian rupees anytime, anywhere without having to find a money changer or a bank branch.

India Travel Card has a limit of Rs. 50,000 that can be used at any point of time. Customer can reload the card at selected Axis Bank branches within 6 months from the date of first credit. The available balances on the India Travel Card is fully refundable into rupees (and thereafter into foreign currency) on departure of the tourist from India. The card includes the facility to change PIN at Axis Bank ATM and viewing statements online.

Axis Bank is the third largest private sector bank in India. Axis Bank offers a vast spectrum of services encompassing Large and Mid-Corporate Banking, SME Banking, Agri-Business Banking, Retail Banking and International Banking.

Axis Bank has a network of over 1200 branches and over 5000 ATMs across the country. The branches, spread across more than 680 cities and towns, enable the Bank to reach out to a large cross-section of customers with an array of products and services catering to both the retail and the corporate segment.