India-based ICICI Bank has rolled out a new travel card, designed to allow students going overseas to manage their expenses.
Dubbed as ICICI Bank Student Travel Card, the new card provides a convenient, safe and hassle-free way to manage education related expenses abroad. It assist the students to pay application fee, university admission fee, other course related fee, hostel fee and other day-to-day living expenses.
The credit card can be reloaded by parents from India.
In addition, the students can withdraw money from ATMs across the globe in local currency, using the ICICI Bank Student Travel Card, which is available in five currencies, including USD, EURO, GBP, AUD and CAD.
The bank also offers card users free comprehensive travel insurance, lost card liability insurance and a replacement card which can be activated easily by calling the international toll free numbers at 16 major locations after loss/damage of the primary card.
ICICI Bank executive director Rajiv Sabharwal said: "ICICI Bank is pleased to offer a specialized travel card for students. It provides a unique proposition to students to meet their various payment needs across their entire length of studies abroad.
"Also, this gives parents a convenient and hassle free way of sending money to their children for their expenses."
The card comes bundled with membership of the International Student Identity Card (ISIC), which is the single internationally accepted proof of full-time student status and offers over 40,000 benefits and discounts at over 120,000 merchant outlets across 130 countries.