ICICI Bank Launches 'Student Sapphiro Forex Card' for Indian Students Abroad
Tags: Economics/Business
ICICI Bank launched the 'Student Sapphiro Forex Card' on July 2, 2024, designed for Indian students going abroad for higher education.
An Overview of the News
It is a Visa-powered prepaid card aimed at managing various expenses including admission fees, course fees, travel, dining, and groceries.
Applications for the card can be submitted through the official ICICI Bank website or its banking application, iMobile Pay.
Key Features
Currency Support: Operates in 15 currencies without cross-currency mark-up charges
Joining Benefits: Up to Rs 15,000 in benefits, including exclusive privileges
Reload Options: Available via iMobile Pay and internet banking
Benefits
International Lounge Access: Two annual complimentary lounge passes worth USD 99
Free International SIM Card: Enhanced connectivity for students
Vouchers: Includes Rs 1,000 Uber vouchers
International Student Identity Card (ISIC): Membership worth Rs 999, recognized in 130 countries
Card Protection Plus: Insurance coverage up to Rs 5 lakh for lost or counterfeit cards
ATM Fee Waivers: Three monthly waivers on cash withdrawals for 5 years
Cashback: 5% cashback on online grocery shopping and transit bookings
No Extra Charges: No fees on cross-currency transactions
Welcome Kit: Includes primary and replacement cards; replacement card activation available in case of loss or damage
About ICICI Bank:
Managing Director (MD) and CEO: Sandeep Bakhshi
Founded: 1994
HQ: Mumbai, Maharashtra
Tagline: "Hum hai na, Khayal Apka"
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