Atlas Money Changers

Atlas Money Changers is an Authorized Dealer of foreign exchange which enables its clients to a wide range of foreign exchange transactions for overseas business and leisure travel and other related services.

Our range of foreign exchange products includes Foreign Currency Notes and My Global Money Card in a wide range of currencies. The combination of Currency Notes and Pre Paid Cards is a safe and convenient way to carry foreign money overseas.

Atlas Money Changers buys and sells a range of 26 world currencies. When travelling overseas you can pick up the currency of the destination you are travelling to. It is especially needed on arrival in a foreign land, to pay for taxis, tips etc. In most cases we will have your local currency requirement, available over-the-counter at our offices.

Reserve Bank of India regulations allows Resident Indian citizens to take up to US Dollars 3,000 or its equivalent in currency notes per trip, subject to your foreign exchange entitlement. However, for travel to CIS, Russia and Iran, the entire foreign exchange requirement can be taken in the form of currency notes. For travel to Iraq or Libya foreign exchange not exceeding US Dollars 5,000 can be released in currency notes or its equivalent.

Foreign Exchange Entitlement

Purpose Limit
Basic Travel Quota (BTQ) - For Holidays, Personal visits etc USD $10,000.00 per financial year
Business Travel USD $25,000.00 per Trip
Immigration - For people who settle abroad in countries like Canada, New Zealand etc. USD $100,000.00 per year
Employment Abroad - For a person who is going to work abroad USD $100,000.00 per year
Medical Treatment - For people who are travelling abroad for treatment USD $100,000.00 per year
Studies Abroad - For students pursuing studies abroad USD $100,000.00 per academic year

All unspent foreign currency notes, can be En-cashed into Indian Rupees at the nearest Atlas Travels office. Do remember to reconvert unspent notes within 90 days of return to India.

My Global Money Card

The Atlas Money Changers My Global Money Card, a prepaid travel card is the most convenient way to carry spending money overseas. The PIN-protected ATM cards can be used to access cash, round the clock, from any of the over 1 million global VISA ATMs and used to pay for goods and services at over 14 million Merchant Establishments worldwide. The Chip based security makes the My Global Money Card and ideal blend of security and convenience.

The Travel Currency Card is available in US Dollars, GB Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Swedish Kroner, Singapore Dollars and Japanese Yen thus enabling you save on cross currency rates. The maximum load is as per the RBI Regulation for the purpose of travel. The card has a reload facility, which enables customers to load additional funds on the same card. On your return, in case of any unspent money left on your card, come to the nearest Atlas Travels office for a cash-out of your card funds.

The My Global Money card is issued by Axis Bank and in case the card is lost or stolen, the bank provides customer assistance 24 hours a day, 365 days a year for quick replacement. Additionally, you have the choice of taking an additional card to access your funds. Thus, even if one of your cards gets lost, you can still get to your money with the additional card.

Features & Benefits

  • Accepted over 14 million Visa Electron Merchant Establishments worldwide, and 1 million ATMs

  • Saving of time - No need to go to Banks and Money Changers for Encashments

  • 24/7 Availability of funds

  • Statements to track usage - Helps track business / personal expenses separately

  • Light to Carry - Fits in Wallet

  • Reload facility for each trip

  • Effective sales service

  • Replacement of the lost card will be dispatched in 4 working days.

  • This card can be used to make payments online for various Bills / purchase Tickets / do purchases when abroad.

  • Balance Inquiry on iConnect, Axis Bank’s Internet banking

  • Monthly statement sent on email id (on request)

  • 24 Hour Customer Service: Call +91 22 67987700

  • 4 Digit PIN Security for ATM usage

  • Signature Based Security for POS Purchase.

  • Validity 5 years (Date as indicated on Card)

Tariffs

Currency Balance Inquiry Cash Withdrawal
USD 50 Cents $2.00
EUR 50 Cents 1.50 €
GBP 50 Cents £1.25
AUD 65 Cents AUD 2.50
CAD 65 Cents CAD 2.50
SGD SGD 0.95 SGD 3.25
JPY JPY 65.00 JPY 250.00
SEK SEK 3.5 SEK 15
CHF CHF 0.7 CHF 2.5

Documentation

  • Complete a short Application Form
  • Valid Passport (Mandatory) – with a copy
  • Form A2 (compulsory for loads of US $ 5000 & above) – Available with us
  • Valid VISA
  • Confirmed Ticket

FAQ's

  • Can I buy more than one Travel Card?
    - In Same Currency: Each individual will be entitled to purchase one card of each currency. However, an individual cannot hold more than a single card of the same currency at any given point of time.

    - In Multiple Currencies: If you are travelling to more than one country on a single trip and you wish to carry more than one card on different currencies, then Bank can issue more than one card to you , albeit in different currencies, within the overall RBI approved limits for the trip.

  • Will I find VISA ATMs where I am going?
    - There are over 1 Million VISA ATMs worldwide which can be used to withdraw cash at all VISA / MASTER ATMs worldwide. Click to search for Visa ATMs

  • What options should I choose to withdraw cash from the ATM?
    - ATMs screen says “Select Account” and displays 3 options 1) Savings 2) Checking 3) Credit. In most countries, choose the “Checking” option. In some countries you may have to select the “Credit” option

  • Can I use my Travel Card in currencies other than the base currency (currency variant in which the card was purchased)?
    - Yes, Exchange Rates would be applicable as per the fine rates applied by VISA. The rates used by VISA are good and globally accepted by all banks. There is only mark-up of 3% done by VISA on our behalf for currency conversion transactions.

  • How competitive is the foreign exchange rate for withdrawals in the local currency using the Axis Bank Travel Currency Card as compared to encashment of foreign currency notes and traveler cheques at hotels, Moneychangers or travel agents?
    - In comparison, Axis Bank Travel Currency Card exchange rates are definitely more favorable. The customer can be rest assured that the rate will be much finer than what is given to a retail customer by a Money Changer/ Forex bureau. One can do away with exorbitant service charges levied and unfavorable rates offered while encashing notes and traveler cheques overseas.

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