IndusInd Bank has announced a major update to its premium credit card range — offering 0% forex mark-up on international transactions.
This move makes IndusInd one of the few Indian banks to completely waive foreign exchange conversion fees, a feature that will benefit frequent travelers, online shoppers, and international students.
The change applies to select IndusInd Bank credit cards, including IndusInd Bank Legend, Pinnacle, and Celesta, along with a few co-branded travel cards.
Traditionally, Indian banks charge between 1.5% to 3.5% as a forex mark-up fee on international spending.
By eliminating this fee, IndusInd Bank is giving its users a strong incentive to choose its cards for foreign trips, international e-commerce, and study-abroad expenses.
When customers use their credit card outside India — or on international websites — they usually pay an additional mark-up on the exchange rate.
For example, if you spend $100 abroad, most banks will charge you ₹8,400–₹8,500 (including the forex fee).
With IndusInd’s 0% forex mark-up, customers pay only the actual exchange rate, saving anywhere from ₹150–₹300 per $100 spent.
This benefit applies to:
The 0% forex fee benefit is available on the following premium IndusInd Bank cards:
The launch of a 0% forex fee feature reflects IndusInd Bank’s strategy to capture a growing segment of digitally savvy, travel-oriented customers.
In recent years, Indian consumers have increased spending on international travel, study programs, and global e-commerce platforms.
According to RBI data, outward remittances for travel and education grew over 30% year-on-year in 2025, indicating a clear opportunity for banks to simplify cross-border payments.
By offering forex-free transactions, IndusInd Bank aims to:
A senior IndusInd Bank official said:
“We wanted to make international payments seamless and transparent for our customers. The 0% forex feature eliminates hidden charges, making our cards truly global in usage.”
While some banks offer lower forex mark-up rates (like 1.5% or 2%), a complete waiver is still rare in India.
Here’s how IndusInd Bank’s offering stacks up against major competitors:
| Bank | Card | Forex Mark-up | Remarks |
|---|---|---|---|
|
IndusInd Bank |
Pinnacle / Legend |
0% |
Complete waiver |
|
HDFC Bank |
Infinia / Diners Black |
2% |
Premium cards only |
|
Axis Bank |
Atlas / Magnus |
2% |
2X miles on foreign spends |
|
ICICI Bank |
Emeralde / Sapphiro |
3.5% |
No forex waiver |
|
SBI Card |
Elite / Aurum |
1.99% |
Partial waiver on select spends |
|
Standard Chartered |
Ultimate |
3.5% |
Cashback available, not waiver |
IndusInd’s approach stands out as the only 0% forex model across multiple cards — not just its highest-tier variants.
Along with forex-free transactions, IndusInd Bank cards also offer strong travel privileges:
These benefits make IndusInd cards competitive with global banks that cater to frequent travelers and international professionals.
Customers can apply for eligible IndusInd credit cards online through the bank’s website or at select branches.
Eligibility criteria:
Once approved, the forex-free feature is automatically enabled on all international transactions.
If you’re planning to travel or spend internationally, here are ways to maximize value:
Financial experts see IndusInd Bank’s 0% forex fee as a significant move in the Indian credit card market, especially as global travel rebounds post-pandemic.
“Eliminating forex fees gives IndusInd an upper hand among premium card users. It’s transparent, saves money, and encourages cross-border spending,” says Aditya Mehta, Financial Analyst at CardPulse India.
He adds,
“While other banks compete on rewards, IndusInd’s no-markup policy is a tangible, everyday saving that customers can feel instantly.”
The announcement has generated strong interest on social media and travel forums.
Frequent flyers and international students have welcomed the update, highlighting that hidden forex fees were a major deterrent for global spending.
“I used to prefer forex cards for my Europe trips because of the high bank charges. With IndusInd’s 0% forex, I can now use my main credit card freely,” said Aarav Kapoor, a Delhi-based entrepreneur who travels abroad for business.
Industry sources suggest that IndusInd Bank may soon introduce dynamic multi-currency billing and crypto-linked card options for global payments — further positioning itself as a digital-first bank for international consumers.
Additionally, the 0% forex feature may expand to other cards like IndusInd Iconia and Nexxt, offering mid-segment users similar global benefits.
The move aligns with India’s growing fintech ecosystem, where consumers increasingly expect borderless banking experiences without hidden costs.
The IndusInd Bank 0% forex cards are best suited for:
If you fall in one of these categories, the potential annual savings on forex charges can be substantial — often ₹20,000–₹40,000 per year for heavy spenders.
With its new 0% forex mark-up policy, IndusInd Bank is setting a new benchmark for travel and international credit card offerings in India.
The update transforms its premium cards into true global companions — offering savings, transparency, and convenience to users who live, study, or work across borders.
For frequent flyers and global shoppers, this feature makes IndusInd Bank one of the most cost-efficient choices in the Indian credit card space.
In short: Spend globally. Save instantly. No hidden fees — just real value.