Lowest Exchange Rates
Being a Forex marketplace, every exchange house here tries to outbid others. Result, you get the best exchange rate in Bangalore!
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Compare Rates offered by RBI authorized money changers in Bangalore
Choose a money changer & book your order for forex card or currency
Submit the KYC documents & make the payment directly to the money changer
Collect the currency from the store or can request door delivery or pickup
Guidelines for Buying and Selling Foreign Currency in India
1. Only Resident Indians are permitted to purchase foreign currency for foreign travel purposes.
2. Foreign currency can be carried as cash or loaded onto a forex card, with a limit of USD 3000 equivalent in cash and USD 247000 equivalent on a forex card per traveller.
3. It is advisable to carry 30% of your foreign currency needs in cash and 70% on a forex card.
4. Cash payments for foreign currency are allowed only up to INR 49,999; amounts exceeding this require a bank transfer.
5. Payments for forex must come from the traveller’s savings account and not from any third party or from current/NRE/NRO accounts.
6. All forex transactions are subject to GST and TCS (if applicable). Use our GST Calculator & TCS Calculator to find out the exact amounts you need to pay.
7. Check the amount and condition of the currency before leaving the counter or upon delivery.
8. Due to potential availability issues, it is recommended to purchase foreign currency at least 2 weeks before your travel date.
9. Any unspent foreign currency and remaining balance on forex cards can be converted back into INR after your trip at the prevailing exchange rates.
*Aadhar and PAN must be linked
1. What are the documents required for buying foreign currency?
Copies of passport, confirmed air ticket, visa and PAN card are needed for buying foreign currency or forex card.
2. How much foreign currency can I buy?
A resident Indian is allowed a maximum of USD 2,50,000 per person per financial year. Out of this amount, a person going abroad can buy a maximum of 3000 USD or its equivalent in other currencies as cash. The remaining forex limit can be carried in forex card or traveller’s cheques.
3. What is a forex travel card?
A Forex travel card is a prepaid card with the required foreign currency loaded into it. They work just like a bank debit card. The card is issued by a bank or an authorized money changer. You can carry multiple foreign currencies in a single card.
4. 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.
5. 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.
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