Foreign Exchange

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Sell Forex Online

Foreign exchange is must whether you are going for a business or leisure trip. Travellers usually bring extra foreign currency, so that there is no shortage of it abroad. When you return from your trip, you want to sell your remaing foreign exchange and release your money. It can be difficult to sell foreign exchange. The best solution would be to sell forex online.

How to sell foreign currency in India?

Selling foreign currency was a hassling process, but Prune has solved the selling of foreign currency problems through online. Why not sell foreign currency online if the world is digitizing? Due to Prune's online forex buying and selling services, all of your problems about forex selling are now past. Now, from the comfort of your home, you can buy or sell foreign exchange with only a few clicks. To sell forex online, you have to visit the Prune website or download the Prune app from the play store, enter your currency details, and sell it at the best forex rates. Whether you have foreign currency, forex card or traveller’s cheques, we facilitate the sale of all. We send our executives to collect the foreign money at your door to make sure the entire process is hassle-free.

Why Prune?

At Prune, you can sell foreign currency at best rates and buy it at competitive prices. We work hard to provide great deals and services. We take care of all of your trip needs, including travel experience, travel insurance, and foreign currency exchange. Our professionals completely comprehend your needs and provide tailored solutions to guarantee a seamless and enjoyable vacation.

How much foreign money can I keep in India?

Residents of India who have returned from a trip abroad or who have received payment or a gift in foreign currency in India from a foreigner are allowed to keep up to US$ $2,000 in foreign currency notes or traveller's cheques for as long as they want.

If the sum is more than US$ 2000 equivalent, the extra foreign exchange must be returned to their bank or an RBI-approved money changer within 90 days for currency notes and 180 days for traveller's cheques.

What are the individual foreign exchange limitations in India?

The following are the foreign exchange limits in India for resident Indians:

When travelling abroad

  1. A resident Indian can carry up to US$3,000 in foreign currency notes and up to US$2,50,000 in forex cards or traveler's checks.
  2. A resident Indian can carry up to Rs 25,000 out of the country.

Money Transfers to Other Countries

A resident Indian can transfer money overseas up to US dollar 2,50,000 equivalent every year under the "Liberalized Remittance Scheme (LRS)" of the "Foreign Exchange Management Act (FEMA)." The objective of a money transfer to another country under the "LRS" must be approved by the RBI.

When coming to India from another country

  1. A resident Indian can bring foreign currency into India in cash USD 5,000 equivalent, or if the value of foreign currency brought into India in cash + traveller's cheques exceeds USD 10,000 equivalent, it must be declared to Customs Authorities at the airport in the Currency Declaration Form (CDF).
  2. A resident Indian can carry bring Rs 25,000 into India without having to declare it. If you have more than Rs 25,000 in cash, you must report the amount to customs.

What documents do I need to exchange currency in India?

The following documents are necessary for money exchange in India:

  1. Passport (Mandatory for transactions above Rs.25,000)
  2. Voter ID
  3. Aadhar Card
  4. PAN Card

Note: Any one of the above documents is enough

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