1. How can Extravelmoney find the best forex rates in Delhi?
Extravelmoney has tie-ups with all the leading RBI licenced money changers and banks in Delhi. Among these banks & money changers, there is reverse bidding happening at the back end. So each exchange house quotes the lowest possible rates to outbid others. Customers will eventually get the best possible rates in their area without needing to bargain.
2. How do I make the payment?
As per RBI rules, cash transactions are limited to INR 50,000. Amounts higher than 50,000 can be paid as NEFT/RTGS transfer to the chosen money changers account. Some money changers provide payment gateway facility also.
3. How much time will it take to deliver the currency?
You will get the currency delivered within two working days of making the payment. Alternatively, you can collect it directly from the store on the same day, provided currency is in stock.
4. How will I get the credit while selling foreign currency in hand?
If you are visiting the branch you can receive up to INR 50,000 in cash. If you are opting for door pick up or if the amount is more than INR 50,000, the money changer will give you a cheque or will transfer the amount directly to your bank account.
5. What’s the maximum amount of foreign currency one can carry from India?
USD 3,000 (or its equivalent in other foreign currencies) can be carried abroad in the form of currency notes and total USD 2,50,000 as Cash + Forex Card and or Traveller’s cheques.
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