The forex card typically gets delivered in a day or two.
It takes around 3 to 6 hours to activate the forex card. Once it is activated, you will receive a confirmation email.
The funding of the card typically takes 3 to 6 working hours; as soon as it gets paid, you will receive an email on your registered email ID (terms and conditions applied).
Normally, it takes 4 working days to finish the card unloading procedure once you submit your request.
No
Almost all major currencies are available with us for exchange. However, it may depend on the location of the customer. You can refer to our Forex rate card to view the list of currencies.
Is there a minimum order amount for ordering currency notes?
Yes, if required, you can exchange as many currencies as you want.
This is crucial to justify purchasing the Forex within 60 days from the travel date.
Buying: If the foreigner has a valid encashment receipt, they can place the order.
Selling: The Forex must be a minimum of 3000 USD to receive the encashment receipt.
Here's the list of documents foreigners are required to buy Forex:
Valid passport
Visa
Air ticket
Encashment certificate
Here's the of documents foreigners need to sell Forex: Valid passport visa.
Yes, they can sell Forex worth 3000 USD on a visit to india. On their return to their country, they can buy Forex for the amount mentioned in the encashment receipt.
Once your order is confirmed, you will receive a confirmation email at your registered email address. You can access your order details and documentation.
₹0 to ₹25000 - ₹250 (Service Charge)
₹25001 to ₹1,00,000 - ₹150 (Service Charge)
₹1,00,000 to above - No service charge
Generally, we guarantee same-day delivery. But at worst, we deliver your order within 1-2 days.
All the transactions are secure on our platform with the highest level of encryption. Also, our payment gateway is safe, guaranteeing no credentials leakage.
Pay on delivery means you don't need to pay us anything until you receive your forex order. To do this, select "no obligation order" while placing the order.
Yes, Prune is an authentic website that updates the rates in real time, taking information from the market data feed.
You can freeze your order for up to 3 days when you think the rates are favourable.
No obligation order means you do not have to pay anything to book the order. Its concept is similar to cash on delivery orders, where the entire amount is paid on delivery.
The maximum amount of foreign currency should not exceed USD 250000 in a financial year.
Only purchases of US$ 3000 or less in individual foreign currency notes or coins are permitted for travellers. The remaining balance can be paid via a traveler's check, bank draft, or prepaid travel cards.
Children above the age of 14 are entitled to the same rights of currency exchange as adults.
Yes, the departure date must occur no later than 60 days after the date of the foreign exchange transaction.
Suppose someone sent money under the Liberalized Remittance Scheme within a fiscal year. In that case, the relevant maximum for travel expenses for that person will be decreased from USD 250,000 by the amount that person has already sent or used.
Regardless of the duration of stay, or the number of times within a financial year, the permitted amount is up to US$ 250,000 annually. The specified rights permit up to US$ 3,000 in currency notes per visit.
A person who spent more than 118.2 days living in India during the previous fiscal year. (This is not applicable in certain unique circumstances.)
The following are considered as close relatives:
Members of HUF (Hindu Undivided family)
Husband & Wife
Father (including stepfather)
Mother (including stepmother)
Son and his wife (including stepson)
Daughter and her husband (including stepdaughter)
Brother and sister (including stepbrother and step-sister)
Forex orders not receiving the full payment or the refundable rate guarantee deposit may be canceled without incurring fees. If a refundable rate guarantee deposit has been made in support of a foreign exchange order, canceling the order would result in the loss of the deposit.
Here's the list:
Foreign travel for the following cases can be considered as business travel:
It is USD 2,50,000 per annum for tuition fees, books, and maintenance.
For patients traveling overseas for medical care or checkups, up to US$ 250,000 in its equivalent is available.
Traveling for work can withdraw foreign currency from any Indian Authorized Dealer up to USD 2,50,000 per fiscal year.
Under the Liberalized Remittance System (LRS), gifts and donations are permitted up to USD 2,50,000 every fiscal year.
There is no cap on the quantity of foreign currency imported into India. However, currency notes greater than the equivalent of USD 5000 and up to USD 10,000 must be declared to customs using a currency declaration form (CDF).
All residents, including children, can freely transmit up to USD 200,000 every financial year (April to March) for any permitted current account transaction, capital account transaction, or a combination of both under the Liberalized Remittance Program.
The Ministry of Human Resources Development (Department of Education and Culture), Government of India, New Delhi, must first get permission for dance ensembles, artists, etc., to travel overseas on cultural exchange programs.
You'll need these things:
For private limited companies:
The validity of Prepaid Cards is five years after the date of purchase.
A set price Buy and remit orders need a 2% down payment to lock in the rate. The final step will need you to pay through our secure payment channel with a credit/debit card or a net banking account.
According to Government of India regulations, any currency exchange that involves a sale, encashment, or remittance would be subject to GST/SGST on the gross amount of the currency exchanged following the following slabs:
You can be assessed an extra cost when using your card at ATMs abroad; the fee varies depending on the ATM you use.
We provide two multi-currency forex cards: the ICICI Bank Card and the BookMyForex Card. VISA powers our currency cards. Not all cards are always and everywhere available.
Supply and demand in the local market greatly influence prices for some goods, including currency notes and traveller's checks. Demand and supply in the local market are irrelevant for other products because they do not have a physical presence, such as demand drafts, wire transfers, or currency cards.
Your remittances or demand deposits (DD) can be booked in cash with same-day use. SPOT was used on the third working day after the booking date, while TOM was used the next business day.
Prune does not charge anything besides a 225 rupee + GST bank fee.
Call the bank's customer service helpline immediately if your card is lost or stolen. You can find the same number on the back of your card, in your forex card handbook, and on the banks' websites. You can also email the bank to report a card as lost or stolen.
You'll find the emergency customer service number on the reverse of your currency card. The numbers can also be found on the website of the card issuing bank as well as in the handbook for your forex card, which you received together with your card.
Your Prune forex card is covered by insurance.
The fee for sending money by wire transfer is 225 INR (excluding GST).
You can remotely reload your Forex card with more money by placing an online reload order on our website.
When you return to India, you can cash in the remaining money on your card. The last transaction made using the card must, however, have occurred more than ten days before the date of encashment.
The terms and conditions of the bank issuing the card determine the daily withdrawal and online purchase limits for forex cards.
We try our best, along with our channel partners, to offer genuine cash notes in good condition. If you ever get any old, damaged, or torn currency notes, please refuse delivery and let us know immediately.