Foreign Currency Exchange FAQs

The maximum amount that is mandated to be carried for a foreign trip is $25000 irrespective of the nature of the trip. Out of those $25000 the maximum amount of hard cash should be $3000 the rest in the form of forex cards, Remittances, or secured checks. No unfamiliar trade is accessible for a visit to Nepal or potentially Bhutan for any reason.
For sums up to Rs 50000 any mode of payment is OK like Cash or electronic transfers (like Net banking, IMPS, RTGS, NEFT, UPI etc) or account payee cheques (subject to realisation) etc. But if the amount exceeds Rs 50000 then the customer is obliged to pay it either in electronic forms like (like Net banking, IMPS, RTGS, NEFT, UPI etc.) or account payee cheques (subject to realization) or Demand draft/Payorder (Subject to the banks authorization of its clearance)
Any person traveling abroad can draw foreign currency subject to the conditions under AD category 1 and AD category 2 put in place by the displacing country or a maximum amount of $250000. This sum is just to meet the incidental expenses in the nation of resettlement or emigration. This amount is fixed by the country to which the person is emigrating. The sum ought to be utilized for overseas interest in government bonds or enterprises. This amount can’t be remitted outside India to get qualified for getting points.
For transmitting cash abroad, there is a limitation of $2,50,000 per annum with no restriction on number of exchanges. For purchasing or selling cash, the client can do N number of exchange transactions in a month as long as it stays under the limitation of $3000 (buying cash—for resident indians) and $5000 (Selling cash - for resident Indians) individually. For NRIs and Foreigners, the limitation pertaining to buying and selling of cash as mentioned above does not apply.
PAN card is mandatory for transactions above Rs. 50000. For forex sell transactions above USD 5,000 or it’s equivalent in others currencies, foreigners/NRIs have to produce the currency declaration form (CDF) form which can be obtained from Airport Customs Authorities.
The customer has to upload the scan copy of following documents—Passport (Front and back page), Visa (Not applicable if VISA is on arrival) E-Ticket. Delivery Address Proof. (For primary traveler) Admission confirmation letter. (If travelling on student visa) Please note: Per regulatory norms, it is mandatory to show original documents for verification at the time of delivery. So please keep them handy.
If the forex dealer gets the exchange request and corresponding payment in domestic currency through specified mode before 12 noon of the day then the exchanged currency would be delivered to the customer on the same day itself. But due to any reason or force majeure the exchange request doesn’t get fulfilled on the same day then the customer is duly intimated about the delay, the reasons henceforth and accordingly the exchange transaction takes place on the following day or the next working day.

Currency Exchange

Online service offering has attained immense popularity. In fact, it has made a number of conventional practices almost obsolete. Presently, foreign exchange rates are available for consumers 24 x7.

Internet is widely accessible these days. This has helped people to access detailed information on Foreign Exchange. The rates tend to fluctuate depending on a number of market factors. As experienced experts in this field, we understand that there is no better and effective platform other than online especially to stay updated about current forex rates.

People always updated with the changes and innovations in the industry. Online transactions are increasing especially for buying and selling their services. The Foreign Exchange industry is no different. It is doing well online.

Number of travellers across and outside the country has increased significantly. People are travelling for work and leisure. Foreign currencies are more preferred.

At VG Forex, we cater to travellers under all categories through our user friendly and completely secure online Money Exchange portal. We promise to offer 100% transparency in dealings.

Step for money exchange

  • Step One

    Call us

  • Step Two

    Provide Details

  • Step Three

    Choose currency you want exchange.

  • Step Four

    Fix time for delivery at your doorstep

We Offer Foreign Exchange at Best Rates

As foreign exchange experts, we are experienced in the industry. We have been handling Money Exchange since many years. Our friendly and dedicated staff is at your disposal and helps you make the best choice for your travel related foreign currency needs. As a well-known global entity, we are well versed with the forex market and can offer competitive rates for all foreign currencies.

Don’t worry! We also assure that you will get what you see on our website and better than that of our competitor’s.

Why Choose us for Foreign Currency Exchange ?

We provide the foreign currency exchange at best rates far better than those offered by the banks and or at the airport, or by other dealers.

Here you will get a live market rate which is extremely competitive.

The exact rate of money exchange will be shown on the site of VG Forex

Get the service of next day or same-day delivery at your door which is free of cost especially if your order is above Rs 50,000.

We have ability to complete all your orders on time from hundreds of locations in India.

If you want to get the best customer service then visit VG Forex where you will get thousands of satisfied customers who have experienced our services.

All the transactions are 100% secure and safe and maintain the level of your privacy.

We do not charge any additional commission other than the exchange rates offered by us.

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