# ICICI Bank has launched a USD-denominated debit card in partnership with Visa.

*fintech · news · 2026-05-14 · Times of India*

## Key points

- ICICI Bank has launched a USD-denominated debit card for NRIs in partnership with Visa.
- The card allows direct USD spending, bypassing the typical 3.5% forex markup and GST fees.
- It is linked to a USD Global Savings Account at GIFT City, avoiding INR volatility for users.
- Zero forex markup applies only to USD transactions; other currencies will still incur conversion charges.

**Companies:** Visa, ICICI Bank
**Countries:** India, United States

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/india-business/icici-launches-dollar-denominated-debit-cards-for-non-residents-through-gift-city-account/articleshow/131093187.cms)

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