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Forex & prepaid travel card comparison

YES BANK Multi Currency Travel Card vs Axis Bank Multi-Currency Forex Card

Compare YES BANK Multi Currency Travel Card and Axis Bank Multi-Currency Forex 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

YES BANK Multi Currency Travel Card vs Axis Bank Multi-Currency Forex Card

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

Latest underlying reviewSeptember 10, 2026
YES BANKYES BANK Multi Currency Travel Card

YES BANK customers or travellers who specifically want the bank's multi-currency prepaid card and are willing to confirm the current replacement/new-issuance state at a branch before travel.

Cost / pricing
YES BANK's current migration page points customers to the applicable schedule and replacement process. A separate current BookMyForex co-branded schedule publishes zero standard issuance/reload/refund, 3.5% cross-currency markup and currency-specific ATM fees; those partner-card economics are kept distinct from older legacy MCTC tariffs.
Reviewed
September 10, 2026
Evidence
4 bank sources
Open product research
Axis BankAxis Bank Multi-Currency Forex Card

Multi-country travellers wanting a 16-currency Axis prepaid card with locked load-time currency balances, digital reload/control options and emergency travel support.

Cost / pricing
Current Axis sources consistently show ₹100 + GST reload/renewal and USD 2 overseas ATM cash withdrawal / USD 0.50 balance enquiry, but two current first-party fee artifacts conflict on issuance: ₹300 + GST in the current brochure versus ₹150 + GST in the fee sheet. Cross-currency use is listed at 3.5% in the fee sheet.
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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bankingreference.info · Comparison research sheet

YES BANK Multi Currency Travel Card vs Axis Bank Multi-Currency Forex Card

Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/yes-bank-multicurrency-travel-card-vs-axis-multi-currency-forex-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.

YES BANK Multi Currency Travel Card

Currencies / wallet format
Current YES BANK Visa MCTC material lists up to 14 wallets: USD, GBP, EUR, CAD, AUD, SGD, AED, JPY, SAR, THB, CHF, ZAR, NZD and HKD. Current BookMyForex card material also uses a 14-wallet authorization structure.
Load / reload
Reloadable subject to FEMA limits. Exact fee depends on the live card programme: current BookMyForex standard schedule lists ₹0 reload while older legacy MCTC material lists ₹100; these are deliberately not merged.

Axis Bank Multi-Currency Forex Card

Currencies / wallet format
16 wallets: USD, EUR, GBP, SGD, AUD, CAD, SEK, JPY, CHF, AED, SAR, THB, HKD, NZD, ZAR and DKK.
Load / reload
Initial load is handled through Axis/authorized issuance channels. Axis savings customers can reload via Internet Banking/Axis Mobile; non-account customers can reload through branch/family-authorisation routes. Current reload/renewal fee source: ₹100 + GST.
02Which conversion rules apply to the payment currency?Distinguish the loaded rate, cross-currency use and wallet conversion without deriving a combined cost.

YES BANK Multi Currency Travel Card

Exchange rate
YES BANK states the final applicable card rate is the rate prevailing at transaction/processing and may differ from displayed website rates. Conversion from one wallet/currency to another follows the applicable card/programme rate.
Cross-currency
Current BookMyForex schedule lists 3.5% cross-currency markup. Older legacy MCTC schedule shows 2.75%, so the rate must be tied to the actual issued/replacement card programme.
Wallet conversion
Card uses a defined currency-authorization order when matching wallet funds are insufficient. Cross-currency conversion applies and partial aggregation across multiple insufficient wallets is not allowed.

Axis Bank Multi-Currency Forex Card

Exchange rate
The wallet balance is acquired at Axis's applicable forex/card rate on load/reload, protecting that loaded balance from later INR movement. Non-wallet transaction conversion uses current network/card conversion mechanics plus applicable cross-currency charge.
Cross-currency
Current fee sheet lists 3.50% cross-currency usage. Axis's usage guide applies cross-currency conversion when transaction currency is unavailable/insufficient in the appropriate wallet.
Wallet conversion
Multiple wallets coexist on one card. If the transaction currency wallet is unavailable/insufficient, Axis/network wallet-order conversion can apply; cumulative wallet handling and authorization order follow current card terms.
03What fees and closure conditions remain?Check service fees and unused-balance refund or closure treatment.

YES BANK Multi Currency Travel Card

Fees
Programme-specific. Current BookMyForex standard schedule: ₹0 issuance/reload/refund, 3.5% cross-currency, ₹250 India replacement and ₹3,000 overseas replacement; older legacy YES MCTC has different fees.
Refund / closure
Current migration page provides branch support for card balance/status. BookMyForex standard schedule lists ₹0 refund fee, while legacy MCTC terms historically differed.

Axis Bank Multi-Currency Forex Card

Fees
Current first-party conflict: brochure shows ₹300 + GST issuance; fee sheet shows ₹150 + GST initial sale. Reload/renewal ₹100 + GST appears in reviewed sources. USD 2 ATM withdrawal and 3.5% cross-currency are separately scoped.
Refund / closure
Reviewed fee sheet lists ₹100 + GST encashment charges; residual balance converts at Axis's applicable card rate.
Other maintained comparisons for YES BANK Multi Currency Travel CardOther maintained comparisons for Axis Bank Multi-Currency Forex Card
Exact terms

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Banking product terms side by side for YES BANK Multi Currency Travel Card and Axis Bank Multi-Currency Forex Card
Decision factorYES BANK Multi Currency Travel CardAxis Bank Multi-Currency Forex Card
Issuance / reload / travel-card costsYES BANK's current migration page points customers to the applicable schedule and replacement process. A separate current BookMyForex co-branded schedule publishes zero standard issuance/reload/refund, 3.5% cross-currency markup and currency-specific ATM fees; those partner-card economics are kept distinct from older legacy MCTC tariffs.Current Axis sources consistently show ₹100 + GST reload/renewal and USD 2 overseas ATM cash withdrawal / USD 0.50 balance enquiry, but two current first-party fee artifacts conflict on issuance: ₹300 + GST in the current brochure versus ₹150 + GST in the fee sheet. Cross-currency use is listed at 3.5% in the fee sheet.
Loaded currency walletsMulti-currency prepaid balances. YES BANK's current Visa MCTC material lists up to 14 currency wallets, while migration/replacement status now controls continued usability of older cards.Up to 16 separate foreign-currency wallets on one prepaid card; an Axis savings account is not required to buy the card, although it enables Internet Banking/Axis Mobile reload and balance-management routes.
Forex-card capabilitiesUp to 14 currencies, overseas Visa acceptance, branch issuance/replacement, wallet-priority processing, load/reload, transaction statements/support and replacement-card migration during the current system upgrade.16 currencies, global merchant/ATM use, locked-in load rates, Internet/Mobile balance/reload for Axis customers, temporary block/unblock, transaction alerts, replacement/emergency cash assistance and TripAssist.
ATM / load / usage limitsCurrency-specific ATM/POS ceilings are published in card schedules, but v1.53 keeps BookMyForex-card limits separate from the legacy MCTC schedule and does not merge them into one universal YES BANK limit.Axis's current usage guide publishes wallet-specific ATM/POS ceilings and states card reloads remain subject to FEMA/RBI limits. The exact limit table and customer/card settings control rather than one universal USD amount.
Traveller / KYC eligibilityInternational travellers subject to KYC/passport/travel/FEMA documentation. Current migration page says new customers planning overseas travel can visit YES BANK branches with KYC documents.Can be purchased by eligible travellers without an Axis account at Axis branches/authorized channels, subject to passport, ticket, PAN/Form 60 and other KYC/FEMA documentation.
Prepaid card / funding / regulatory relationshipYES BANK prepaid travel-card relationship currently in a migration/replacement state. BookMyForex co-branded card terms and older YES BANK Visa MCTC terms are related but not interchangeable.Standalone prepaid forex card; Axis savings relationship is optional for purchase but enables digital reload/management. It is not the same product as an Axis international debit card.
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 YES BANK Multi Currency Travel Card and Axis Bank Multi-Currency Forex Card
Decision factorYES BANK Multi Currency Travel CardAxis Bank Multi-Currency Forex Card
Currencies / wallet formatCurrent YES BANK Visa MCTC material lists up to 14 wallets: USD, GBP, EUR, CAD, AUD, SGD, AED, JPY, SAR, THB, CHF, ZAR, NZD and HKD. Current BookMyForex card material also uses a 14-wallet authorization structure.16 wallets: USD, EUR, GBP, SGD, AUD, CAD, SEK, JPY, CHF, AED, SAR, THB, HKD, NZD, ZAR and DKK.
Purchase eligibilityTravel-only prepaid product subject to branch KYC/passport/travel verification. Current migration page states existing holders can request replacement and new travellers can visit branches for a card.No Axis account is required to purchase. Eligible travellers can buy at an Axis branch/authorized outlet subject to passport/travel/PAN or Form 60 and FEMA/KYC documentation.
Load / reloadReloadable subject to FEMA limits. Exact fee depends on the live card programme: current BookMyForex standard schedule lists ₹0 reload while older legacy MCTC material lists ₹100; these are deliberately not merged.Initial load is handled through Axis/authorized issuance channels. Axis savings customers can reload via Internet Banking/Axis Mobile; non-account customers can reload through branch/family-authorisation routes. Current reload/renewal fee source: ₹100 + GST.
Exchange rateYES BANK states the final applicable card rate is the rate prevailing at transaction/processing and may differ from displayed website rates. Conversion from one wallet/currency to another follows the applicable card/programme rate.The wallet balance is acquired at Axis's applicable forex/card rate on load/reload, protecting that loaded balance from later INR movement. Non-wallet transaction conversion uses current network/card conversion mechanics plus applicable cross-currency charge.
ATM cashCurrency-specific ATM fees and limits apply. Current BookMyForex schedule, for example, lists USD 2 ATM withdrawal and USD 1 balance enquiry with USD 1,000 daily ATM ceiling; legacy MCTC schedules differ.Reviewed current product material states nominal USD 2 overseas ATM withdrawal; current fee sheet also lists USD 0.50 balance enquiry. Foreign ATM owner fees/limits can be additional.
POS / e-commerceDesigned for overseas POS/e-commerce/ATM use. BookMyForex FAQs describe wallet-priority authorization and decline where no single wallet has sufficient funds; DCC usage should be avoided.Merchant swipe/POS transactions in the loaded currency are advertised without a separate transaction fee. Online/global merchant use depends on network/card controls and merchant acceptance.
Cross-currencyCurrent BookMyForex schedule lists 3.5% cross-currency markup. Older legacy MCTC schedule shows 2.75%, so the rate must be tied to the actual issued/replacement card programme.Current fee sheet lists 3.50% cross-currency usage. Axis's usage guide applies cross-currency conversion when transaction currency is unavailable/insufficient in the appropriate wallet.
Wallet conversionCard uses a defined currency-authorization order when matching wallet funds are insufficient. Cross-currency conversion applies and partial aggregation across multiple insufficient wallets is not allowed.Multiple wallets coexist on one card. If the transaction currency wallet is unavailable/insufficient, Axis/network wallet-order conversion can apply; cumulative wallet handling and authorization order follow current card terms.
FeesProgramme-specific. Current BookMyForex standard schedule: ₹0 issuance/reload/refund, 3.5% cross-currency, ₹250 India replacement and ₹3,000 overseas replacement; older legacy YES MCTC has different fees.Current first-party conflict: brochure shows ₹300 + GST issuance; fee sheet shows ₹150 + GST initial sale. Reload/renewal ₹100 + GST appears in reviewed sources. USD 2 ATM withdrawal and 3.5% cross-currency are separately scoped.
Refund / closureCurrent migration page provides branch support for card balance/status. BookMyForex standard schedule lists ₹0 refund fee, while legacy MCTC terms historically differed.Reviewed fee sheet lists ₹100 + GST encashment charges; residual balance converts at Axis's applicable card rate.
Replacement / emergencyMigration workflow specifically requires replacement for continued use of affected/legacy cards. Existing balances/details are transferred to the replacement card; replacement pricing depends on programme.TripAssist offers blocking, replacement-card and emergency-cash assistance. Reviewed fee sheet lists USD 3 replacement card fee excluding postage/handling; emergency support terms remain service-specific.
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.

YES BANK

YES BANK Multi Currency Travel Card

  • Legacy Multi Currency Travel Cards are being deactivated as part of a system upgrade; existing users are directed to obtain a replacement card.
  • A February 2026 security incident affected specific BookMyForex prepaid-forex-card BINs; YES BANK restricted transactions from the affected geography and pursued chargebacks.
  • Do not combine the current BookMyForex zero-fee schedule with the older legacy MCTC ₹125/₹100/₹75 fee schedule as if both apply to the same card state.
Axis Bank

Axis Bank Multi-Currency Forex Card

  • Axis currently exposes conflicting first-party issuance fees—₹300 + GST in its brochure versus ₹150 + GST in a fee sheet—so the engine flags issuance price for live confirmation rather than silently choosing one.
  • Cross-currency use is 3.5% in the reviewed fee sheet; transactions in a non-loaded currency or with insufficient matching-wallet balance can also involve network conversion.
  • Overseas ATM operators can add their own fee and limits beyond Axis's USD 2 withdrawal charge.
Research tools

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Independent source state

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MethodologyResearch statusMore banking comparisons

First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

YES BANK Multi Currency Travel Card

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

  1. Issuer product pagehttps://www.yes.bank.in/personal-banking/yes-individual/cards/prepaid-cards/multi-currency-travel-card
  2. Issuer product pagehttps://www.yes.bank.in/personal-banking/yes-individual/cards/mctc-card/visa
  3. Fee / charge schedulehttps://www.yes.bank.in/content/published/api/v1.1/assets/CONT2993B3BE4C4E4FC68A10589862A15F1D/native/ybl_bmf_schedule_of_charges.pdf
  4. Issuer documenthttps://www.yes.bank.in/content/published/api/v1.1/assets/CONTD1324AA984F24AD98FFBBAFAD6F359A0/native/ybl_bookmyforex_faqs.pdf

Axis Bank Multi-Currency Forex Card

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

  1. Issuer product pagehttps://www.axisbank.com/forexcard/index.aspx
  2. Issuer documenthttps://www.axisbank.com/docs/default-source/default-document-library/multi-currency-v6.pdf?sfvrsn=2
  3. Fee / charge schedulehttps://www.axisbank.com/docs/default-source/default-document-library/travel-currency-card-fees-charges.pdf?sfvrsn=0
  4. Issuer documenthttps://www.axisbank.com/docs/default-source/download-document/personal/forex/multicurrencyforexcard_usageguide.pdf