Punjab National Bank · statement narration
INTL POS CHG
A markup charged on card transactions made in a foreign currency.
In plain English
A markup charged on card transactions made in a foreign currency.
Also printed as FOREX MARKUP, INTL TXN CHG, CROSS CURRENCY CHG.
Hinglish mein
Videshi currency mein card se kiye gaye transaction par lagne wala markup.
What it costs, including GST
Retail Banking Service Charges · Other
3% of the transaction amount
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Punjab National Bank debit cards used at a point of sale or for e-commerce abroad. Applies only where the international facility has been opted for on the PNB debit card. The page states the charge as a share of the transaction; the dataset has no amount type that applies a percentage to a transaction amount, so it is published in the page's own words rather than as a figure computed against the wrong basis. The page notes the acquiring bank also levies its own charge of 2% to 4% on top, varying by country; that is recorded as a condition here because the page states no single figure for it. Charges are exclusive of GST wherever applicable.
Why it happened
You used your card at an overseas merchant or an international website.
How to avoid it
Use a zero-forex-markup card for overseas spending. The markup applies to online purchases from foreign sites too.