Frequently Asked Questions - FAQ
Personal Visit – BTQ (incl in LRS)
Business Visit – BT (Incl in LRS)
Overseas Education (Incl in LRS)
Employment / Immigration (Incl. in LRS)
Medical Treatment (Incl in LRS)
Under LRS Scheme:
GIFT / Donation
Close Relative Maintenance
NRI / PIO Repatriation
USD 250000 / per Cal year
USD 250000 / per trip
USD 250000 per year
USD 250000 per year
USD 1 Million
Copy of Passport, Visa & Ticket along with Application form signed
For Each trip a request letter from company with FEMA declaration.
For One time registration from company is Copy of Pan Card, Telephone Bill, Authorisation Letter for Employee dealings, copy of MOA/AOA/ROC or partnership deed or any registration certificate for Prop.
Copy of Passport, Visa, offer letter from university & Ticket along with Application form signed.
Copy of Passport, Visa, offer letter from company & Ticket along with Application form signed
Copy of Passport, Visa, Ticket, supporting documents for medical treatment along with Application form signed
Copy of ID cum Address proof along with the application form duly filled and signed.
Copy of Passport, Bank Statement, along with application form duly signed and filled.
Selling your Foreign Exchange:
You can easily sell your foreign exchange to encash it to Indian rupees with us at the best currency exchange rate in Chennai and the customer needs to give copy of ID cum Address proof for documentation and if the forex amount encash is exceeding of USD 5000/- then the customer needs to submit the custom declaration form (CDF).
And payout in Indian Rupees cash is restricted upto USD 1000/- or equalling forex amount and any excess amount of this will be paid out by way of crossed cheque in the customer favour further in the case of Foreign Nationals & NRIs it will be extended upto USD 3000/-.
Buying Foreign Exchange + Outward Remittances:
You can easily Buy foreign exchange against Indian rupees with us at the best Foreign currency exchange rate in Chennai for the purpose of personal tour, business tour, training and conference visit, film shooting, overseas studies, medical treatment, Employment and Immigration, GIFT or donation, Family maintenance etc (some of category will be executed through authorised dealer channel).
And the payment in Indian Rupees cash is restricted upto Rs.50000/- per trip and any excess amount of this will be paid out by way of crossed cheque / RTGS / NEFT in our favour.
Details of purpose, foreign exchange limit allowed and documentation are mentioned below: (Currency Notes are allowed to draw upto USD 3000/- or its equivalent only and balance limit can be drawn like Prepaid forex card, Travelers Cheques, Bank Draft, Wire Transfer etc.)
Purpose of Visit Forex Limit Allowed Documentation required
Inward Remittances ( Money Gram & Western Union Money Transfer in chennai) :
You can easily withdraw your money in INR by filling simple to Receive Form along with your valid ID cum Address Proof in Original for verifcation across our counter in just few mintues.
And payout in western union money transfer in chennai by Indian Rupees cash is restricted upto INR 50000/- and any excess amount of this will be paid out by way of crossed cheque in the customer favour further in the case of Foreign Nationals & PIOs it will be extended upto USD 3000/-.
more Details on FAQ
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