Have a Question?

FAQ

We are here to help you 7 days a week and respond within 24 hours. Plus, you can find most answers to your questions right on this page.

Original and valid passport
Valid visa for the country of travel (except where VISA on arrival applies)
Confirmed ticket-showing travel within 60 days of taking foreign exchange
PAN (Form 60/61 in case PAN missing)
Aadhar Card

Apart from this KYC of sponsoring company would be required as per RBI guidelines for Business Travel

For Indian Residents:

  • Upto USD 200 or eqv. – Any Valid Governement photo cum ID proof and valid PAN.

  • Above USD 200 or eqv. – Valid Passport & Valid PAN are mandatory.

  • Currency Declaration form if the amount in cash exceed USD 5000 and / or when total currency(including other forex products) surrender exceeds USD 10000.

In case of Foreign Resident/NRI (spent less than 182 days in India):

    • Valid Passport, Indian Visa (irrespective of amount).

 
  • Upto Rs. 50,000 (per traveler), you can pay in Cash or in any of the following payment modes 
  • If the total amount due exceeds Rs. 50,000 you are only allowed to pay using one of the following payment modes: 
  • RTGS or NEFT (Subject to clearance)
  • Online Payment
  • Cheque (Subject to clearance)

Travelers are allowed to purchase foreign currency notes only up to USD 3000 or equivalent. Balance amount can be taken in the form of Prepaid Travel Cards.

Exceptions to this rule are the following: 
(a) travelers proceeding to Iraq and Libya can draw foreign exchange in the form of foreign currency notes and coins not exceeding US$ 5000 or its equivalent 
(b) travelers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States who can draw entire foreign exchange in the form of foreign currency notes or coins. For travelers proceeding for Haj/ Umrah pilgrimage, full amount of BTQ entitlement (USD 250, 000) in cash or up to the cash limit as specified by the Haj Committee of India, may be released by the ADs and FFMCs.

For Private or Business visits abroad, any resident can obtain foreign exchange up to USD 2,50,000 or equivalent in one financial year, irrespective of the number of visits undertaken during the year. No foreign exchange is available for visit to Nepal and/or Bhutan for any purpose.

At Padmavati Forex, we take pride in providing our community with the best foreign currency exchange rates.We actively monitor the international market and adjust our real-time foreign currency exchange rates to offer the most competitive prices. Nevertheless, clients are encouraged to contact us if they receive a better rate from another institution and we will do our best to verify and match the better rate.

We believe that the market is too fluid to post our rates. By requiring our customers to call we hope to eliminate any confusion regarding what rates are actually being offered. Having said that, all quotes given over the phone, once agreed upon, are guaranteed for the rest of that day.

We deal in over 40 foreign currencies including the major ones such as the US dollar, British Pound, Euro, Japanese Yen and more.

Open chat