Limit Rate Orders – Terms and Conditions
- Limit Rate Orders are executed only when the current exchange rate for the selected currency matches the desired rate set in the order.
- For a Limit Rate Order to be executed, the current rate for the selected currency must be at or below the desired rate for at least 3 minutes.
- Limit Rate Orders are executed at the desired rate set in the order, even if the current rate is lower than the desired rate at the time of execution.
- Limit Rate Orders are valid only when a single currency is selected in the order.
- The execution rate for limit rate may vary slightly from the desired rate due to constant currency rate fluctuations.
- Limit Rate Orders are valid only if the total order amount is Rs. 100,000 or less.
- In the event a Limit Rate Order is cancelled post order execution, BookMyForex's standard cancellation policy, as outlined in Cancellation & Refund Policy, shall apply.
- Limit Rate Orders expire 10 days after being placed if the desired rate does not match the current rate of the selected currency. Any amount paid will be fully refunded within 7 working days from the expiration of the order.
