Foreign Exchange


www.trusttravellive.com has a division of foreign exchange which boasts of some great deals and excellent prices It has when it comes to exchanging currency. We have on offer the most competitive rates with regards to either buying or selling Foreign Exchange. Licensed by the Reserve Bank of India, www.trusttravellive.com arranges common Foreign Exchange services for travelers and non- travelers interested in exchanging money. Please refer the Guidelines as per RBI below.

Guidelines of RBI when purchasing Foreign Exchange, the documents needed for the same and the quantum that can be purchased

BTQ (Basic Travel Quota) Passenger Travelling on leisure/ one way/migrant/medical/

The Documents required are:

  • Passport

  • Ticket & Pancard of the passenger

  • Any Utility Bill

  • Btq form duly signed by the passenger.


Quantum of Exchange

  • USD 10,000 per financial year (April to March ) quivalent in any other currency

  • Out of USD 10,000 a passenger can carry In currency USD 3,000 and USD 7,000 in Travellers Cheque /Travel Card


Business Exchange


If the Co is a public ltd or a Pvt Ltd Co. The Documents Required are :

  • Certificate of incorporation under the companies act,1956.

  • MOA

  • Pan Card of the Co.

  • The above mentioned documents are required once when a business relation is started

  • Business Letter to be printed on the Co. letter head in the format prescribed by RBI

  • Passport and Ticket copy of the executive who is travelling.



If the Co. is a Partnership Co.The Documents Required are:

  • Partnership deed

  • Pan Card of the Co. .

  • The above mentioned documents are required once when a business relation is started

  • Business Letter to be Printed on the Co. letter head in the format prescribed by RBI

  • Passport and Ticket copy of the executive who is travelling



If it is Proprietory Concern

  • The registration of the concern with any Government body.

  • Pan Card of the proprietor

  • The above mentioned documents are required once when a business relation is started

  • Business letter to be printed on the proprietors letter head.



The Quantum of exchange for a business Transaction

  • USD-25000/- per trip or equivalent in any other currency .

  • USD -3000/- in currency and the bal in Travellers Cheque or Travel Card



Encashment of Foreign currencies

Documents required for encashment of foreign currency are :

  • Passport/Pan Card /Driving

Any Encashment above $ 5000/- a CDF (Customs Declaration Form) has to be presented.


In order to know more about your forex need ,please drop your enquiry and our representative will get back to you.
 
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