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FAQ's

The three major forms in which one can carry Foreign Currency out of India is Currency Notes (Cash), Prepaid Forex Card and Travellers Cheques (TC). The other mode is by Demand Draft (DD). All these modes are available at ForexBazaar for your ready purchase.

'Maximum limit for foreign currency per traveller for a leisure trip is USD 10,000 in a year as per Indian regulations but only $3000 can be carried as currency notes and the balance has to be carried in the form of Prepaid Forex cards or Foreign Currency Travellers Cheques. For business trips abroad to countries, other than to Nepal and Bhutan, you can avail of foreign exchange up to USD 25,000 per visit. Release of foreign exchange exceeding USD 25,000 for business travel abroad (other than to Nepal and Bhutan), irrespective of the period of stay, requires prior permission from the Reserve Bank.

Yes, children of all ages are entitled for foreign exchange. The limits are same as of adults only for Leisure Trip.

Maximum limit for foreign currency per traveller for business trips abroad to countries, other than to Nepal and Bhutan, you can avail of foreign exchange up to USD 25,000 per visit. Release of foreign exchange exceeding USD 25,000 for business travel abroad (other than to Nepal and Bhutan), irrespective of the period of stay, requires prior permission from the Reserve Bank

Yes they can provided Non Resident Indians are living in India beyond 180 days. Foreign Nationals permanently resident in India are eligible to avail of this quota provided the applicant is not availing of facilities for remittance of his/her salary, savings etc. abroad in terms of the existing FEMA regulations. The same is applicable to Foreign born wife of an Indian national.

For Tourist to buy foreign currency (under BTQ) you need to carry Valid Passport, confirmed Air Tickets or Visa. Foreign Nationals Residing in India are also required to provide in addition Residence Permit. In case of Business travel one should in addition submit Business Letter.

Prepaid Forex cards are a secure, convenient and easy way to carry money and make payments whenever you travel abroad. Once loaded in India, they can be used to pay for your shopping, food and other expenses with one simple swipe across 27 Million merchant establishments globally who accept a Visa card. You can also use it to get ready cash whenever you want from over 1.6 Million Visa ATMs globally.

We offer cards from HDFC Bank and ICICI Bank that can be loaded with Foreign Currency and used during travel abroad.

US Dollar, British Pound, Euro, Japanese Yen, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollar, and UAE Dirham.

Prepaid Forex Cards are reloadable and valid for a period of three years. Within this period you can use this Prepaid Forex Card as many times as you like. On your next trip overseas, you can recharge your Card at ForexBazaar.

Since this is a Foreign Currency card, usage is limited only to foreign countries excluding India, Nepal and Bhutan as per RBI guidelines.

Yes you can retain your Travel card and reload it before your next trip abroad, so that you can use the same card the next time you travel.

The Card can be encashed only after your return to India. Furthermore, the last transaction done on the card should be more than 10 days prior to the date of encashment. For refund of the residual or unutilized balances you can visit ForexBazaar and irrespective of where the card was issued you can encash simply fill and submit the refund form and along with a copy of your passport and claim your refund at the best possible rates.

You can get Foreign Exchange upto 60 days in advance of your personal/business trip. In case, you do not travel during that period, the foreign exchange should be surrendered back to ForexBazaar at the prevailing rate on that day.

Foreign exchange for your personal foreign trip can be purchased from ForexBazaar by making payment in Indian Rupees by cash only up to Rs. 50,000/-. However, if the Rupee equivalent exceeds Rs. 50,000/-, the entire payment should be made by way of a Cheque / Pay Order/ Demand Draft/ Debit Card / Credit Card / Prepaid card only. Please note that providing a PAN Card is mandatory for payments above INR 25,000 and in case of payment by cheques foreign exchange is handed to customers only the payment reflection in our account.

For business trips abroad to countries other than to Nepal and Bhutan, you can avail of foreign exchange up to USD 25,000 per visit. Release of foreign exchange exceeding USD 25,000 for business travel abroad (other than to Nepal and Bhutan), irrespective of the period of stay, requires prior permission from the Reserve Bank.

Visits in connection with business, deputation by company, attending of an international conference, seminar, specialised training, study tour, apprentice training, etc., are treated as business visits

For Selling Foreign Exchange equivalent upto USD 200 documents are not required. For more than USD 200 upto USD 500 any Govt. Photo Id Proofs with address is acceptable. For USD 500 to USD 5000 valid passport is required. For NREs / Foreign Visitors passport and valid visa copy is required. Currency Declaration form is required if the amount in cash exceed USD 5000 and / or when total currency surrender exceeds USD 10000.