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Xotic Forex

Head Quarters: Jaipur Tower, MI Road, Jaipur - 302001.

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RBI License Number

: Category-II-No.38/2020

Status of Authorisation:

Authorised Dealer Category II (AD2)

Xotic Forex, a division of Xotic Travel And Forex Pvt Ltd., focuses on providing competitive foreign exchange solutions for over a decade. Xotic Forex holds significant accreditations such as the RBI’s AD II license and IATA certification, which builds the backbone of its trust.

They offer a range of services designed to meet diverse international financial needs. Key services include foreign currency, outward remittance services, and forex cards.

They aim to simplify complex forex transactions, making them accessible to a broad customer base. Their commitment to ethical practices and transparent dealings builds faith in their service. Therefore, Xotic Forex is surely one of our trusted partners in managing international financial transactions. Extravelmoney is happy to be partnered with a customer-oriented forex company that aligns with our vision.

Xotic Forex’s Role in Remittance:

  • 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.

Products in Foreign Exchange:

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