ICICI Bank, the country's largest private sector bank, has announced the launch of the 'ICICI Bank Student Travel Card', which enables students going abroad for higher studies to take care of their expenses.
"The card offers both students and parents a convenient, safe and hassle-free way to manage their education-related expenses abroad. While it helps the students pay for expenses such as application fee, university admission and other course-related fees, hostel fee and day-to-day living expenses, their parents can reload the card from India. Also, the card allows withdrawal from ATMs across the globe in local currency," the bank said in a statement.
Additionally, card users get the benefit of free comprehensive travel insurance, lost card liability insurance and a replacement card which can be activated easily by calling an international toll-free number in the event of loss/damage of the primary card.
The unique feature of the card is that it is bundled with membership of the International Student Identity Card (ISIC). ISIC is the only internationally accepted proof of full-time student status and offers 40,000 benefits and discounts at 120,000 merchant outlets across 130 countries.
ICICI Bank Student Travel Card is available in the dollar, pound, euro, Australian dollar and Canadian dollar. It is valid for three years and can be applied for from any foreign exchange-enabled ICICI Bank branch. Anyone, including non-customers, can apply for this card.