Capital India Finance Limited

Capital India Finance Limited (CIFL) is a technology-driven, pan-Indian Non-Banking Financial Company (NBFC) in India, dedicated to providing innovative and accessible financial solutions. Through its brand, RemitX, CIFL holds an Authorised Dealer Category II license from the Reserve Bank of India, enabling it to offer foreign exchange services such as buying and selling currency, travel cards, remittances, and related services. Capital India is fully responsible for executing these transactions in line with RBI, FEMA and AML regulations.

RemitX specialises in cross-border remittance services, facilitating seamless and secure international money transfers. Customers can also access multicurrency prepaid forex cards, providing a convenient and secure way to manage expenses while traveling abroad. Additionally, RemitX offers foreign currency notes, catering to diverse customer needs.

With a focus on customer convenience and reliability, Capital India Finance Limited, through RemitX, aims to simplify international financial transactions. Extravelmoney is delighted to partner with RemitX, bringing these valuable forex services to our customers.

• Provide exchange rates to ExTravelMoney for multiple currencies and remittance purposes.
• Receive the customer lead when their quoted rate is the best in the customer's location.
• Verify the customer's eligibility, collect & confirm the required KYC documents.
• Accept payment from the customer as per the approved estimate.
• Execute the transfer to the beneficiary via its partner AD1 banks.
• Share the SWIFT copy and the GST invoice, along with the required breakups, with the customer.

Expected time for beneficiary credit: International remittances (Wire/TT/SWIFT) are credited within three international working days, subject to AML and compliance clearance at both ends.

• Outward Remittance from India under LRS
• Buy & Sell of Foreign Currency Notes
• Prepaid Forex Travel Card