As a Reserve bank of India Authorized Full-fledged Money changer iForex India can release Foreign Exchange for the following purposes:
BTQ / BUSINESS TRAVEL : Maximum limit per traveler is USD 2,50,000 per annum as per RBI Guidelines. Out of which USD 3,000 can be carried in currency notes and balance has to be carried in the convenient form of prepaid Forex card / Traveller’s cheque ( Maximum $-25000 as per USA regulations ).
- Foreign Exchange can be availed against payments by Cash, Cheque or Pay Order/ Demand Draft. A maximum of Rs. 50,000/- (as per Indian Tax Laws) will be accepted in cash and any amount above Rs. 49,999/-, against a Pay Order or Cheque after clearance of the same. You need to carry the required Documentary Proof for issuance of Foreign Exchange.
- Please contact iForex India branch for documentation.