Foreign/Forex Exchange Services, Forex ... - HDFC Bank

HDFC Bank blocked and disabled my credit card for alleged "forex trading".

A year and a half ago, I got a call from a person from HDFC bank who offered me a free no yearly fee credit card. They said that since you have a salary account with us, you are eligible for this offer.
I was not specifically looking for a credit card, but since they said it was free, I agreed. So after a few calls, they sent a card home. The card had a limit of ₹100,000, but was of Diners, so was not accepted in most of the places. No wonder, I didn't use the card much.
A few days from that, a dude calls me and tells me that out of the ₹100,000 limit you got, ₹15,000 is blocked and unusable. To unblock that amount, you have to purchase a health insurance policy from us for two years, and after two years, you will get back the whole ₹15,000 as reward points which you can withdraw or use. This is where things started to get a bit fishy. When purchasing the card, this wasn't told to me. They also added a card protection plan called OneAssist, worth around ₹2000, which wasn't also told to me in the beginning.
So I asked the guy what will happen if I don't purchase the policy. He told we are going to charge ₹15,000 from you anyway (a big red flag), so it's better that you purchase the policy from us. You are getting it essentially for free, since you will get back the amount after two years.
I didnt have a health insurance policy then, and the rate they were offering was comparable to the rates provided if I buy the policy independently, so I agreed. They started charging every month around ₹650 (₹500 principal + around ₹150 interest + taxes) and this was to go on for 2 years.
But it didn't. Last month, they blocked and closed my credit card. I got no intimation about it from them either via phone or email, and I had to call them and wait for 30 minutes before I could speak to an actual human being and know what happened. The outstanding of the health insurance amount was foreclosed (amounting to around ₹6500 with charges and taxes) and I was liable to pay for it by the end of free credit period.
I was told that my card was disabled because of forex trading on 13th of August. When I asked there is no transaction on that particular date, they told that the system detected it was a illegal transaction, and blocked it right away. I am pretty sure that they were outright lying, I rarely used the Diners credit card for anything, statement after statement, the only charge was that of health insurance emi. I kept it only for emergency purpose, incase I suddenly need cash someday.
I know this was pretty much a scam, just to sell the health insurance policy and that OneAssist thingy that no one will otherwise buy. Question is, is there something I can do about it, legally? When I asked them about proof that some illegal transaction took place, like the online website where that transaction happened, they said they can't disclose it.
How to prevent getting duped by such scammy procedures? And can banks close credit cards right away, without giving any proof to customers? What if the outstanding was a high amount, which I wouldn't be able to pay in a month? Can they foreclose emis at their will, and make their customers go under debt trap?
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What is the exchange rate or forex rates? Exchange rates basically represent the value of one currency in terms of some other currency. So if suppose you want to buy a US Dollar, the amount of rupees that you need to pay to buy a US Dollar would be called as USD to INR exchange rate.Currency exchange rates or Forex Rates also represent the relative economic strength of a country in the ... Selling (O/w Rem) Forex cards (Cash out) & TC Purchase Forex cards (Load / reLoad) & TC sale DD Issuance U.A.E. Dirham AED 18.76 21.88 19.26 20.98 19.3720.87 20.93 - Currency Tenor Cost Australian Dollar AUD 50.11 56.21 50.89 53.8651.2053.57 53.73 USD/INR 6 months 4.51% Canadian Dollar CAD 54.54 60.04 55.35 58.6655.6958.35 58.52 USD/INR 12 months 4.36% Swiss Francs CHF 70.47 78.42 72.26 76.62 ... Neither HDFC Bank Ltd. (including its group companies) nor any employees of HDFC Bank Ltd. (including those of group companies) accept any responsibility for action taken on the basis of this document or liability arising from the use of this communication. (1) FX markets The HDFC Bank view. Main points: The USD is poised to stage a comeback over 2015 as private demand picks up that allows the ... Foreign/Forex Exchange Services: If you need to deal in foreign currency HDFC Bank has a range of products and services that you can choose from like transfer money to India, make payments etc. Keep tabs on exchange rates every now and then to transact smoothly, efficiently and in a timely manner. Foreign/Forex Exchange Services: If you need to deal in foreign currency HDFC Bank has a range of ... Get 20 Paise cheaper exchange rate on loading/reloading of ForexPlus card through online channels: 31st Dec 2020: Click here to view T&C : eligibility criteria. Anyone can apply for a ForexPlus Card. No need to be a HDFC Bank customer. Here are the documents you will need - along with a signed copy of the application form. Passport. Self-attested copy of valid Passport. Address proof. If the ... canara bank forex daily canara bank forex rate here selling rates buying rates currency tt/dds bill t c tt/chq bill t c usd/inr 74.2700 74.4200 74.65 73.5600 73.51 72.85 gbp/inr 96.1875 97.3825 97.65 95.5525 95.49 94.60 eur/inr 87.9850 88.1600 88.40 86.7600 86.70 85.90 jpy/inr 71.1725 71.3150 71.55 70.0175 69.9675 69.30 chf/inr 82.2625 82.4275 82.65 80.8550 80.7975 80.05 sek/inr 8.5525 8.5675 ... HDFC Bank’s exchange rate was collected from HDFC Bank’s website on 11/11/2018. Interbank rates collected from x-rates.com on 11/11/2018. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information. For the today’s rates, visit HDFC Bank’s website, contact HDFC Bank’s customer support or log into your online banking ... Swap cost is considered for arriving at the final interest rate incase of OD against FCNR Deposit. Please note that the above rates are subject to 1. Market fluctuations 2. Intraday fluctuation. The bank reserves the right to make changes in the rate in accordance with the market Title: Card rates base file revised - Copy_12.10.2020.xlsx Author: B5879 Created Date: 11/12/2020 1:32:49 PM

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