Currency Exchange Service FAQs

We and our channel partners make all efforts to deliver authentic currency notes in proper condition. In case you receive any outdated, damaged, or torn currency notes, please do not accept the delivery of such currency notes and inform us immediately. Any claim for return of damaged/withdrawn/fake notes received post delivery/pickup from the branch, will not be entertained.

Yes, same-day deliveries are possible for orders that are confirmed before 1:00 PM on a working day. Orders that are confirmed after 1:00 PM will be delivered on the next working day.

The confirmed order must necessarily be accompanied by all required documents and full payment in the forex issuer's account. Any delays due to unforeseen circumstances are regretted.

For Indian Residents selling:

1. Upto USD 200/eqv. - Any Valid Government photo cum ID proof and valid PAN.

2. Above USD 200/eqv. - Valid Passport and valid PAN are mandatory.

3. Currency Declaration form if the amount in cash exceeds USD 5000 and/or when total currency(including other forex products) surrendered exceeds USD 10000.

4. In the case of Foreign Resident/NRI (spent less than 182 days in India):

5. Valid Passport, Indian Visa (irrespective of amount).

The following documents are required:

1. Valid passport and employment Visa

2. One-way confirmed Air Ticket

3. 1-year bank statement

4. PAN copy for all forex transactions 

The following documents are required:

1. Valid passport and emigration Visa

2. One-way confirmed Air Ticket

3. I-year bank statement

4. PAN copy for all forex transactions 

The following documents are required: 

1. Original and valid passport

2. Valid visa for the country of travel (except where VISA on arrival applies)

3. Confirmed ticket-showing travel within 60 days of taking foreign exchange

4. PAN copy for all forex transactions 

5. Application/self-declaration

 The following documents are required:

1. Confirmed one-way Air ticket

2. Original Passport along with the Student Visa

3. Prospectus/Offer Letter/Admission Letter in original, thereof giving full details of the course of study, tuition fees payable, etc.

4. In case of a person traveling to the USA Form I-20 is required.

5. PAN copy for all forex transactions 

6. The above documents are not required for sending application fees, only a copy of the relevant page of the brochure is needed.

 

The following documents are required:

1. Original and valid passport (both front and back images)

2. Valid visa for the country of travel (except where VISA on arrival applies)

3. Confirmed ticket-showing travel within 60 days of taking foreign exchange

4. PAN 

There is no limit on the amount of foreign exchange that can be brought into India. However, currency notes beyond USD 5000 (equivalent) and up to USD 10000 (total) need to be reported to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.

 

The limit is up to US$ 250,000 per person. If an individual remits any amount under the Liberalized Remittance Scheme in a financial year, then the applicable limit for such individual would be reduced from USD 250,000 by the amount so remitted.

A person going abroad for employment can draw foreign exchange up to USD 2,50,000 per financial year from any Authorized Dealer in India based on self-declaration in Form A2 and ‘Application cum declaration. 

This limit has been subsumed under the RBI's Liberalized Remittance Scheme. If an individual remits any amount under the Liberalized Remittance Scheme in a financial year, then the applicable limit for such individual would be reduced from USD 2,50,000 by the amount so remitted.

 

Yes, as per FEM (CAT) Amendment Rules, 2015, a resident individual can avail foreign exchange facility up to USD 2,50,000 when traveling abroad to accompany as an attendant to a patient going abroad for medical treatment/ check-up.

For overseas medical treatment, the foreign exchange limit is up to US$ 250,000 or equivalent for the patient going abroad for medical treatment or checkup overseas. In addition to the above, an amount up to USD 250,000 per financial year is allowed for the person accompanying as an attendant to a patient going abroad for medical treatment/check-up.

The limit is up to US$ 2,50,000 per annum (If not consumed any part of it for any other purpose stated under LRS) towards tuition fees, maintenance expenses, books, etc.

The foreign exchange entitlement (limit) for business travel is up to US$ 25,000 per visit, irrespective of the period of stay and the number of times in a financial year. Within the above entitlements up to US$ 3,000 in Currency notes per visit are allowed. The rest must be carried in any other form.

All types of travel and remittances abroad are now under RBI’s guidelines covering the Liberalized Remittance Scheme (except travel under Business Visits). If an individual has already remitted any amount under the Liberalized Remittance Scheme in a financial year, then the applicable limit for traveling purposes for such an individual would be reduced from USD 250,000 by the amount so remitted/utilized. No release of foreign exchange is admissible for any kind of travel to Nepal and Bhutan.

 

Yes, the date of travel must not be later than 60 days from the date of purchase of foreign exchange. Exceptions: Airlines staff travel against staff ticket may be exempted from this rule

 

* Non Resident Indians living in India beyond 180 days are eligible to purchase forex under the said scheme

Foreign nationals who are permanently residing in India are eligible to avail of this quota, provided that they are not using the existing FEMA regulations to remit their salaries and savings abroad.

* Similarly, the foreign-born wife of an Indian national is eligible for it.

Yes, children of all ages are allowed the same entitlements (limits) as adults, however, Minors/children below the age of 14 cannot carry Forex cards/Travelers’ cheques.

Travelers are allowed to purchase foreign currency notes/coins only up to US$ 3000 individually. Balance amount can be taken in the form of a Traveler’s Cheque, banker's draft or Prepaid Travel Cards. Exceptions to this rule are the following: 

(a) travelers proceeding to Iraq and Libya can draw foreign exchange in the form of foreign currency notes and coins not exceeding US$ 5000 or its equivalent 

(b) travelers proceeding to the Islamic Republic of Iran, the Russian Federation, and other Republics of the Commonwealth of Independent States who can draw entire foreign exchange in the form of foreign currency notes or coins. For travelers proceeding for Haj/ Umrah pilgrimage, the full amount of BTQ entitlement (USD 250, 000) in cash or up to the cash limit as specified by the Haj Committee of India, may be released by the ADs and FFMCs.

Not exceeding US Dollars 2,50,000 (If not consumed any part of it for any other purpose stated as per RBI's guidelines covering LRS) in a financial year; can be utilized in one or more visits abroad for personal/leisure purposes. This scheme used to be called Basic Travel Quota (BTQ) 

This limit has been subsumed under the new Liberalized Remittance Scheme (LRS). If an individual has already remitted any amount under the Liberalized Remittance Scheme in a financial year, then the applicable limit for traveling purposes for such an individual would be reduced from USD 250,000 by the amount so remitted.

Yes, you can add multiple currencies & products you wish to purchase in one order. You just need to add the currency/product to the order cart and proceed.

The rates published on www.BookMyForex.com, www.tripmoney.com, or www.makemytrip.com portal are updated on a real-time basis as they are connected to a live market data feed.

 

BookMyForex.com has tied up with several Banks & RBI-authorized Money Changers to create a network of over 5000+ locations across 650 cities in India. There is a high likelihood that one of our partners may be located in your neighborhood.  To see the entire list of cities that we're present in, check out this link: https://www.bookmyforex.com/currency-exchange

To buy forex, an NRI needs a Valid Passport, OCI card, and Air Ticket showing international travel

An NRI, defined as someone present in India for less than 182 days in the preceding financial year, can sell forex/currency notes via BookMyForex, equivalent to 3000 USD during their visit to India and is entitled to receive an encashment receipt. Later, they can buy forex equivalent to the amount mentioned on the encashment receipt when they return to their country. 

Please note that orders to buy forex by NRIs cannot be accepted online through our website. If you are a foreigner with a valid encashment receipt and wish to buy forex, kindly submit an order request to [email protected].

To sell forex through BookMyForex, a foreigner needs a Valid Passport and a Valid Visa.

To buy forex through BookMyForex, a foreigner needs a Valid Passport, Visa, Air Ticket showing international travel, and an Encashment certificate.

A non-Indian resident or a foreigner can sell forex/currency notes via BookMyForex, equivalent to 3000 USD during their visit to India and is entitled to receive an encashment receipt. Later, they can buy forex equivalent to the amount mentioned on the encashment receipt when they return to their home country. 

Please note that orders to buy forex by foreigners cannot be accepted online through our website. If you are a foreigner with a valid encashment receipt and wish to buy forex, kindly submit an order request to [email protected].

Certainly, you can purchase as many currencies as available on the website, depending on your destination country.

Yes, there is a minimum order value requirement for placing currency notes orders. The order value must be at least INR 15000. 

BookMyForex offers a wide range of all major as well as exotic currencies, depending on the customer's location. You can find the complete list of available currencies in our comprehensive rate card.

At BookMyForex, we strive to provide our customers with live and the most transparent rates in the market. You can be assured of getting the best currency conversion rates with zero to wafer-thin markups.

Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

** Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

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