Compare Tata Neu IndusInd Bank Forex Card and SBI State Bank Foreign Travel Card using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Travellers who want 14 currencies, Tata Neu-based acquisition/management and a clearly published current fee and transaction-limit schedule.
Travellers who want an SBI prepaid travel balance with up to nine Visa currency wallets, branch/Internet-banking issuance support and YONO/OneView card controls rather than spending directly from a domestic bank account.
littleden.blog · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/indusind-tata-neu-forex-card-vs-sbi-state-bank-foreign-travel-card/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
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.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 10, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | Tata Neu IndusInd Bank Forex Card | SBI State Bank Foreign Travel Card |
|---|---|---|
| Issuance / reload / travel-card costs | Current schedule lists ₹299 issuance, ₹99 reload, ₹99 reissue, zero encashment, 3.5% cross-currency markup and ₹250 equivalent quarterly inactivity fee after 18 months of inactivity, plus currency-specific ATM fees. | Current SBI page lists ₹100 + GST issuance, ₹50 + GST per reload, ₹100 + GST refund/cash-out and 3% + GST cross-currency usage. ATM withdrawal is USD 1.75 or equivalent per transaction; foreign ATM-owner charges can still apply. |
| Loaded currency wallets | Up to 14 prepaid currency wallets: USD, EUR, GBP, AUD, SGD, AED, CAD, SAR, HKD, JPY, NZD, ZAR, CHF and THB. | Prepaid foreign-currency balance loaded in INR and converted into the selected card wallet(s). Current Visa multicurrency structure supports up to nine currencies; the card is separate from the customer's ordinary deposit-account balance. |
| Forex-card capabilities | 14 currencies, Visa global acceptance, Tata Neu/IndusFX/online portal servicing, automatic wallet fallback, configurable currency priorities, online transaction tracking and explicit DCC blocking. | Visa multicurrency and single-currency variants, international ATM/POS/e-commerce use, SMS/e-mail alerts, YONO/YONO Lite/Internet Banking/OneView management, PIN/limit controls, blocking and reload capability. |
| ATM / load / usage limits | Current schedule sets USD 300 equivalent per ATM transaction, USD 1,000 equivalent daily ATM and USD 10,000 equivalent daily POS/e-commerce ceilings across the published wallet table. | Current SBI page lists daily card limits of 3 ATM withdrawals / USD 3,000 equivalent, 20 POS transactions / USD 10,000 equivalent and 20 e-commerce transactions / USD 10,000 equivalent, subject to card settings and regulatory/acquirer restrictions. |
| Traveller / KYC eligibility | Available through Tata Neu, IndusInd branches/online portal and authorised channels subject to KYC, passport/travel and FEMA requirements; current terms also describe eligible Indian nationals/NRIs/corporates subject to law. | Indian residents travelling abroad other than Nepal/Bhutan, qualifying corporate employees and students, plus other eligible customers subject to KYC, passport/travel documentation and FEMA purpose rules. |
| Prepaid card / funding / regulatory relationship | IndusInd-issued prepaid forex card co-branded with Tata Neu. Its economics and wallet controls are separate from IndusInd debit-card international usage. | Can be obtained through SBI under the prepaid/forex-card relationship; it is not an SBI debit card and does not draw directly from the linked savings/current-account balance at purchase time. |
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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| Decision factor | Tata Neu IndusInd Bank Forex Card | SBI State Bank Foreign Travel Card |
|---|---|---|
| Currencies / wallet format | Current card supports 14 wallets: USD, EUR, GBP, AUD, SGD, AED, CAD, SAR, HKD, JPY, NZD, ZAR, CHF and THB. | Current SBI page lists Visa Multicurrency SBFTC with 9 wallets: USD, GBP, EUR, JPY, CAD, AUD, SAR, SGD and AED; Visa single-currency is listed in 8 currencies and Mastercard multicurrency in 7. Exact issued variant controls. |
| Purchase eligibility | Can be obtained via Tata Neu, IndusInd branch/online channels or approved distribution routes, subject to KYC/passport/travel/FEMA compliance. | Indian residents travelling abroad (excluding Nepal/Bhutan), eligible corporate travellers and students, subject to passport/PAN/travel proof, KYC and FEMA purpose documentation. Internet-banking application still requires branch processing/issuance. |
| Load / reload | Reloadable through Tata Neu, IndusInd branches or IndusForex portal. Current reload fee is ₹99 plus applicable GST. | Loaded/reloaded in INR and converted to selected foreign-currency wallet(s). SBI publishes branch plus YONO/YONO Lite/Internet Banking reload/management routes. Current reload fee: ₹50 + GST. |
| Exchange rate | Matching loaded-currency transactions use the prepaid wallet amount; non-base/non-wallet currency conversion follows Visa conversion plus the bank's published cross-currency markup. | The load/reload conversion uses SBI's applicable forex/card rate at the time of conversion. Preloading fixes the acquired wallet balance; a later cross-currency transaction can invoke network conversion plus the published cross-currency fee. |
| ATM cash | Currency-specific ATM withdrawal fees apply; current schedule caps each ATM transaction at USD 300 equivalent and daily ATM use at USD 1,000 equivalent. | Current SBI page: USD 1.75 or equivalent per ATM withdrawal; daily ATM card limit USD 3,000 equivalent across up to 3 withdrawals. Overseas ATM owner fees/limits can be additional. |
| POS / e-commerce | Visa merchant and online acceptance with current daily POS/e-commerce limit of USD 10,000 equivalent. Contactless use is supported subject to local rules. | Current page permits international POS and e-commerce. Daily reference limits are USD 10,000 equivalent for POS and USD 10,000 equivalent for e-commerce, each up to 20 transactions, subject to settings/regulatory updates. |
| Cross-currency | 3.5% markup under the current schedule when conversion outside the funded wallet/base currency is required. | SBI currently publishes a 3% of transaction amount + GST cross-currency charge when the transaction cannot be settled directly from the matching currency wallet. |
| Wallet conversion | Automatic wallet fallback is supported based on a defined currency priority; customers can manage currency priorities through supported card channels. | Multicurrency cards can hold several separate currency balances. When a matching wallet is unavailable/insufficient, applicable card/network conversion rules and cross-currency charges govern; wallet priority depends on the issued variant. |
| Fees | ₹299 issuance, ₹99 reload, ₹99 reissue, ₹0 encashment, 3.5% cross-currency, currency-specific ATM/balance enquiry fees and applicable GST. | ₹100 + GST issuance; ₹50 + GST reload; ₹100 + GST refund/cash-out; ₹100 + GST add-on card (up to 2 where allowed). Transaction-specific ATM/cross-currency charges remain separate. |
| Refund / closure | Current schedule lists encashment fee as zero. Remaining foreign exchange is subject to RBI retention/refund rules after return to India. | Current SBI page lists ₹100 + GST refund/cash-out per request. Refund remains subject to applicable conversion, documentation and card terms. |
| Replacement / emergency | Domestic replacement is currently listed as nil in the reviewed schedule, while re-issuance is ₹99; lost/stolen support follows IndusInd/Tata Neu forex-card channels. | Card can be blocked through OneView/YONO-linked controls and SBI's prepaid support. Add-on/replacement treatment depends on exact variant; do not reuse legacy Mastercard replacement terms for Visa without confirmation. |
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Reviewed September 10, 2026 · 3 attached first-party sources
Reviewed September 10, 2026 · 2 attached first-party sources