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Forex & prepaid travel card comparison

HDFC Bank Multicurrency ForexPlus Card vs ICICI Bank Multi-Currency Forex Prepaid Card

Compare HDFC Bank Multicurrency ForexPlus Card and ICICI Bank Multi-Currency Forex Prepaid Card using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Forex & prepaid travel card comparison

HDFC Bank Multicurrency ForexPlus Card vs ICICI Bank Multi-Currency Forex Prepaid Card

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
HDFC BankHDFC Bank Multicurrency ForexPlus Card

Multi-country travellers who want one prepaid card with a broad 22-currency wallet set and granular card/reload management rather than repeatedly converting through an ordinary debit or credit card.

Cost / pricing
₹500 + GST issuance. Branch reload is ₹75 + GST per reload transaction/currency; HDFC's current product page states no reload fee through its Prepaid/Forex online portal. ATM fees are currency-specific; USD wallet withdrawal is USD 2. Cross-currency markup is 2%.
Reviewed
September 10, 2026
Evidence
3 bank sources
Open product research
ICICI BankICICI Bank Multi-Currency Forex Prepaid Card

Travellers who want a digitally manageable 15-currency prepaid card and need current cross-currency, wallet-transfer and overseas ATM economics stated separately.

Cost / pricing
Same-currency POS/online transaction fee is NIL. ICICI currently publishes 3.5% + GST cross-currency usage and a 2.5% wallet-to-wallet transfer fee. ATM withdrawal fees are currency-specific, e.g. USD 2 / GBP 1.50 / EUR 1.50. Issuance/joining fee varies by current card variant.
Reviewed
September 10, 2026
Evidence
4 bank sources
Open product research
Compare like with likeThese records share the same product type.
Conditions stay attachedBalance, tenure, channel, relationship and effective-date wording stays visible.
No missing-data inferenceMissing wording never means zero cost or unlimited access.
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littleden.blog · Comparison research sheet

HDFC Bank Multicurrency ForexPlus Card vs ICICI Bank Multi-Currency Forex Prepaid Card

Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/hdfc-multicurrency-forexplus-card-vs-icici-multicurrency-forex-prepaid-card/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

Answer the questions that can actually change the choice.

Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.

01Do the currency wallets and loading route fit your trip?Check wallet coverage and load/reload conditions for the named prepaid card.

HDFC Bank Multicurrency ForexPlus Card

Currencies / wallet format
HDFC currently markets Multicurrency ForexPlus with up to 22 currency wallets, including USD, EUR, CHF, GBP, CAD, AUD, JPY, SGD, AED, SEK, HKD, THB, ZAR, NZD, OMR, DKK, NOK, SAR, KRW, BHD, QAR and KWD.
Load / reload
₹75 + GST per branch reload transaction/currency on the current product page; HDFC states no reload fee when reload is done through the Prepaid/Forex online portal. NetBanking/Prepaid NetBanking/branch routes are supported subject to eligibility.

ICICI Bank Multi-Currency Forex Prepaid Card

Currencies / wallet format
Current ICICI multi-currency proposition supports 15 wallets: USD, EUR, GBP, AUD, CAD, CHF, JPY, AED, HKD, SGD, THB, SAR, SEK, ZAR and NZD.
Load / reload
Account holders can buy/reload through Internet Banking or iMobile; non-account holders have dedicated digital/branch access. Current non-account-holder page states online reload up to ₹1.5 lakh/day including charges and processing within one working day.
02Which conversion rules apply to the payment currency?Distinguish the loaded rate, cross-currency use and wallet conversion without deriving a combined cost.

HDFC Bank Multicurrency ForexPlus Card

Exchange rate
Load/reload/refund use HDFC's applicable forex/card conversion rate and statutory taxes. Same-wallet spending uses the loaded currency; cross-currency transactions use Visa/Mastercard wholesale/network conversion as applicable plus HDFC's stated markup.
Cross-currency
Current Multicurrency ForexPlus markup is 2% when transaction currency differs from the available card currency. The current schedule also applies 2% to wallet-to-wallet transfers between card currencies.
Wallet conversion
Wallet-to-wallet conversion is supported across eligible currencies, with the published 2% cross-currency charge and applicable mid/card rate. Wallet availability and order remain controlled by current card terms.

ICICI Bank Multi-Currency Forex Prepaid Card

Exchange rate
Foreign currency is purchased at ICICI's applicable forex/card rate at load/reload. Holding the matching wallet locks that purchased balance; a transaction in another billing currency invokes cross-currency conversion/fees.
Cross-currency
3.5% + GST for transaction types where billing currency differs from the card currency, per current schedule/FAQ.
Wallet conversion
Current schedule publishes a wallet-to-wallet transfer fee of 2.5% of transfer amount, charged from the destination wallet.
03What fees and closure conditions remain?Check service fees and unused-balance refund or closure treatment.

HDFC Bank Multicurrency ForexPlus Card

Fees
₹500 + GST issuance; ₹75 + GST branch reload; ₹100 + GST back-up card on the current product page. ATM, balance enquiry and cross-currency charges are currency/transaction specific.
Refund / closure
Refund/cash-out converts the remaining foreign-currency balance under HDFC's applicable card/forex rate and tax treatment. Exact cancellation/encashment fee should be checked at request time.

ICICI Bank Multi-Currency Forex Prepaid Card

Fees
Issuance/joining fee depends on selected forex-card variant. POS/online same-wallet fee is NIL; cross-currency, ATM, wallet conversion, replacement and other service fees remain separately published.
Refund / closure
Remaining forex balance can be refunded back to the eligible bank account/current settlement route. Refund/closure conversion and charges are governed by the current schedule and card terms.
Exact terms

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The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.

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Banking product terms side by side for HDFC Bank Multicurrency ForexPlus Card and ICICI Bank Multi-Currency Forex Prepaid Card
Decision factorHDFC Bank Multicurrency ForexPlus CardICICI Bank Multi-Currency Forex Prepaid Card
Issuance / reload / travel-card costs₹500 + GST issuance. Branch reload is ₹75 + GST per reload transaction/currency; HDFC's current product page states no reload fee through its Prepaid/Forex online portal. ATM fees are currency-specific; USD wallet withdrawal is USD 2. Cross-currency markup is 2%.Same-currency POS/online transaction fee is NIL. ICICI currently publishes 3.5% + GST cross-currency usage and a 2.5% wallet-to-wallet transfer fee. ATM withdrawal fees are currency-specific, e.g. USD 2 / GBP 1.50 / EUR 1.50. Issuance/joining fee varies by current card variant.
Loaded currency walletsPrepaid balances held across up to 22 foreign-currency wallets. Load/reload/refund conversion uses HDFC's applicable card/forex rate and taxes; the card is not a savings-account balance.Prepaid foreign-currency wallets—up to 15 on the current multi-currency proposition—rather than a direct savings-account debit. Non-ICICI customers can also obtain/manage a card through the dedicated forex-card journey.
Forex-card capabilities22 currencies in one card, contactless acceptance, online card management, PIN/block controls, multiple reload routes, back-up-card facility and currency-specific ATM limits.15 currency wallets, contactless/online/merchant/ATM use, Internet Banking and iMobile management, online reload, PIN/block controls, transaction statements and insurance benefits on eligible variants.
ATM / load / usage limitsCurrent HDFC schedule publishes currency-specific ATM limits, e.g. USD 5,000/day, EUR 4,700 and GBP 4,000; overall loading remains subject to applicable LRS/FEMA rules.Current ATM schedule publishes currency-specific daily withdrawal ceilings such as USD 2,000, GBP 1,000 and EUR 1,500. Online reload through current digital flows is capped at ₹1.5 lakh/day including charges, while overall forex load remains subject to FEMA limits.
Traveller / KYC eligibilityEligible resident travellers subject to KYC, travel-purpose documents and HDFC's current ForexPlus application requirements. Online reload is available to eligible existing HDFC Bank customers; branch routes remain available.Eligible travellers with required PAN/Aadhaar/passport/KYC/travel-purpose documentation. ICICI allows both account holders and non-account holders through current digital/branch processes.
Prepaid card / funding / regulatory relationshipStandalone prepaid forex-card relationship. An HDFC account can make online reload easier but does not turn the ForexPlus balance into an ordinary deposit-account or debit-card balance.A standalone ICICI Forex Prepaid Card relationship; an ICICI savings account is not mandatory for the non-account-holder route, though digital funding/management methods vary by customer state.
Forex-card detail

Compare wallets, loading and overseas-use economics.

These fields come from each product's type-specific structured research, so service comparisons are not reduced to the same six generic rows.

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Type-specific banking comparison terms for HDFC Bank Multicurrency ForexPlus Card and ICICI Bank Multi-Currency Forex Prepaid Card
Decision factorHDFC Bank Multicurrency ForexPlus CardICICI Bank Multi-Currency Forex Prepaid Card
Currencies / wallet formatHDFC currently markets Multicurrency ForexPlus with up to 22 currency wallets, including USD, EUR, CHF, GBP, CAD, AUD, JPY, SGD, AED, SEK, HKD, THB, ZAR, NZD, OMR, DKK, NOK, SAR, KRW, BHD, QAR and KWD.Current ICICI multi-currency proposition supports 15 wallets: USD, EUR, GBP, AUD, CAD, CHF, JPY, AED, HKD, SGD, THB, SAR, SEK, ZAR and NZD.
Purchase eligibilityIssued under HDFC's ForexPlus/KYC/travel-purpose process. Exact documentation depends on traveller type/purpose. Existing HDFC customers have additional online reload routes; an HDFC deposit account is not required to define the prepaid wallet.Available through Internet Banking/iMobile/branch routes subject to current KYC/travel-purpose requirements. ICICI also maintains a non-savings-account-holder forex-card onboarding route with PAN, Aadhaar and passport requirements.
Load / reload₹75 + GST per branch reload transaction/currency on the current product page; HDFC states no reload fee when reload is done through the Prepaid/Forex online portal. NetBanking/Prepaid NetBanking/branch routes are supported subject to eligibility.Account holders can buy/reload through Internet Banking or iMobile; non-account holders have dedicated digital/branch access. Current non-account-holder page states online reload up to ₹1.5 lakh/day including charges and processing within one working day.
Exchange rateLoad/reload/refund use HDFC's applicable forex/card conversion rate and statutory taxes. Same-wallet spending uses the loaded currency; cross-currency transactions use Visa/Mastercard wholesale/network conversion as applicable plus HDFC's stated markup.Foreign currency is purchased at ICICI's applicable forex/card rate at load/reload. Holding the matching wallet locks that purchased balance; a transaction in another billing currency invokes cross-currency conversion/fees.
ATM cashCurrency-specific. Current schedule includes USD 2, EUR 1.50, GBP 1, JPY 250 and other wallet-specific withdrawal fees; daily ATM ceilings also vary by currency.Currency-specific fees and daily limits. Current schedule includes USD 2 fee / USD 2,000 daily limit; GBP 1.50 / GBP 1,000; EUR 1.50 / EUR 1,500, with separate values for the other supported wallets.
POS / e-commerceInternational merchant/e-commerce use is supported, including contactless where accepted. Same-wallet transactions avoid the cross-currency conversion step; merchant/acquirer DCC should still be declined where inappropriate.Current ICICI FAQ states POS and online transactions in the same currency as the loaded card wallet carry NIL transaction fee. Online usage must be enabled through the supported card-management channel.
Cross-currencyCurrent Multicurrency ForexPlus markup is 2% when transaction currency differs from the available card currency. The current schedule also applies 2% to wallet-to-wallet transfers between card currencies.3.5% + GST for transaction types where billing currency differs from the card currency, per current schedule/FAQ.
Wallet conversionWallet-to-wallet conversion is supported across eligible currencies, with the published 2% cross-currency charge and applicable mid/card rate. Wallet availability and order remain controlled by current card terms.Current schedule publishes a wallet-to-wallet transfer fee of 2.5% of transfer amount, charged from the destination wallet.
Fees₹500 + GST issuance; ₹75 + GST branch reload; ₹100 + GST back-up card on the current product page. ATM, balance enquiry and cross-currency charges are currency/transaction specific.Issuance/joining fee depends on selected forex-card variant. POS/online same-wallet fee is NIL; cross-currency, ATM, wallet conversion, replacement and other service fees remain separately published.
Refund / closureRefund/cash-out converts the remaining foreign-currency balance under HDFC's applicable card/forex rate and tax treatment. Exact cancellation/encashment fee should be checked at request time.Remaining forex balance can be refunded back to the eligible bank account/current settlement route. Refund/closure conversion and charges are governed by the current schedule and card terms.
Replacement / emergencyHDFC advertises back-up-card capability and online block/PIN controls. Replacement/emergency support terms are variant- and location-specific rather than assumed from ordinary debit-card replacement.Current schedule lists international lost-card replacement at USD 20. Digital card controls allow blocking/unblocking and PIN management; overseas support uses ICICI's card/customer-care channels.
Wrong-fit risks

Keep each product’s cautions beside the product.

A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

HDFC Bank

HDFC Bank Multicurrency ForexPlus Card

  • HDFC's 2% cross-currency charge applies when the transaction currency differs from the available card currency and also to wallet-to-wallet transfers; use the matching wallet where practical.
  • ATM cash fees and daily limits differ by wallet currency, and the overseas ATM operator can add its own fee or lower limit.
  • Regalia ForexPlus has different economics and is currently shown as unavailable on HDFC's reviewed page; its zero-cross-currency feature should not be applied to Multicurrency ForexPlus.
ICICI Bank

ICICI Bank Multi-Currency Forex Prepaid Card

  • ICICI's zero/nil POS and online fee applies when transaction currency matches the loaded wallet; cross-currency use is separately charged at 3.5% + GST.
  • Wallet-to-wallet conversion carries a separate 2.5% fee, so it should not be treated as free internal balance movement.
  • Joining/issuance fee is card-variant specific; a zero-joining-fee variant does not establish a universal zero issuance fee for every ICICI forex card.
Research tools

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Independent source state

Verify each product from its own bank evidence.

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First-party source appendix

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HDFC Bank Multicurrency ForexPlus Card

Reviewed September 10, 2026 · 3 attached first-party sources

  1. Issuer product pagehttps://www.hdfc.bank.in/forex-cards/multicurrency-platinum-forexplus-chip-forex-card
  2. Fee / charge schedulehttps://www.hdfc.bank.in/forex-cards/multicurrency-platinum-forexplus-chip-forex-card/fees-and-charges
  3. Terms & conditionshttps://www.hdfc.bank.in/terms-and-conditions

ICICI Bank Multi-Currency Forex Prepaid Card

Reviewed September 10, 2026 · 4 attached first-party sources

  1. Issuer product pagehttps://www.icici.bank.in/personal-banking/cards/forex-cards
  2. Fee / charge schedulehttps://www.icici.bank.in/personal-banking/cards/forex-cards/schedule-of-charges
  3. Issuer product pagehttps://www.icici.bank.in/personal-banking/cards/forex-cards/buy-reload-travel-card
  4. Issuer product pagehttps://www.icici.bank.in/personal-banking/cards/forex-cards/non-icici-account-holders