Foreign exchange, or forex, is the conversion of home currency into foreign currency. It is also mean changing of one currency to another currency. Since we are in India INR is home currency and any other country currency is foreign currency
As per RBI Guidelines, when you purchase foreign currencies the following documents are required.
As per RBI Guidelines, when you purchase Travel Card the following documents are required.
For Indians
Passport, Aadhar card, Driving License or any other Govt Authorised ID proof
For NRI
Passport and Visa
The legal limit to carry cash currency in from India is 10000 USD or its equivalent in one calendar year.
The legal limit to carry cash currency from India is USD 3000 or its equivalent of any country currency per person per trip.
A Multi-currency Travel Card/Forex card is a prepaid card in which you can load multiple currencies in one single card. The validity period of the card is 3 years (*subject to the card that has been issued). The card is not valid in India, Nepal & Bhutan..
Yes you can load 15 currencies in your Travel card. As of now, we offer 15 foreign currencies to be loaded in a forex card. They are as follows;
One can buy forex upto 50,000 INR through cash payment and amount higher than Rs50000/- will have to be through an by Crossed Cheque, Bank transfer (RTGS/NEFT), Demand Draft.
As per RBI rules, cash transactions are limited upto INR 50,000. Amounts higher than 50,000 need to be paid Cheque, Demand Draft(DD), Bank transfer (RTGS/NEFT).
Yes, you can en-cash the currency purchased through us, the rates are subjected to the market rate on that particular day of exchange.
Yes you can load 15 currencies in your Mutli Currency Travel card.