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About Forex

Currency notes

Currency notes are regular paper cash. Since carrying large amounts of cash is unsafe, travellers carry smaller amounts of currency notes for unplanned expenses. Popular currency notes include AED, AUD, CAD, CHF, CNY, DKK, EURO, GBP, HKD, JPY, MYR, NOK, NZD, SAR, SEK, SGD, THB, USD & ZAR

What is the maximum limit for carrying foreign currency and for foreign currency notes?

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 per trip as currency notes as per Indian regulations and the balance has to be carried in the convenient form of Prepaid Forex cards or Foreign Currency Travellers Cheques. 

For a business trip, Indian nationals and Foreign nationals resident in India can carry upto a maximum of USD 25,000 of foreign currency but only USD 3,000 can be carried as currency notes per trip and balance in the convenient form of Prepaid Forex Cards and Foreign Currency Travellers Cheques.

What are the various documents that are needed to buy Foreign Currency Notes?

Valid passport, your confirmed tickets or Visa, Basic Travel Quota (BTQ) Form and Residence Permit in case of Foreign Nationals and a LERMS letter (For business travel) and purchase your foreign currency notes. 

Prepaid Cards

Prepaid Travel Forex cards (also known as prepaid cards, prepaid travel cards and forex cards) are a safe and convenient alternative to cash while travelling overseas. Simply visit any VISA accepting ATM and withdraw cash conveniently. Forex cards are capable of holding multiple currencies (upto 20) in one card.

Traveller Cheques

A customer can exchange a traveler's check anywhere for cash when overseas. . Traveler's cheques are replaceable if lost and stolen and never expire. Buyforex provides AMEX travelers cheques of 6 currencies namely AUD, CAD, EURO, GBP, JPY & USD as of now.

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