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Foreign Exchange

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Enjoy the Ease of Selling Forex Online with Prune/ Sell Forex Online: Fast, Secure, and Hassle-Free!

Do you have leftover currency from your international trip and have no idea how to sell it? You’ve come to the right platform. We offer a seamless and secure forex selling experience that you can enjoy from the comfort of your home.

Understanding the Process of Selling Forex

When individuals travel to a foreign country, they often acquire local currency for their expenses. However, upon returning to their home country, they may find themselves with leftover foreign currency. In such cases, the unspent currency needs to be converted back into their domestic currency. This process is called “selling forex”. And that’s where we step in. At Prune, we offer competitive exchange rates, fast and secure transactions, and multiple payment options to make selling forex as easy and convenient as possible.

Foreign Currency Retention Limits in India

The Foreign Exchange Management Act, 1999 (FEMA) and the Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 (the Regulations) govern the possession and retention of foreign currency in India. The Regulations provide for the following limits on the possession and retention of foreign currency by a resident of India:.

  • Foreign currency notes, bank notes and foreign currency travellers' cheques: Not exceeding US$ 2000 or its equivalent in aggregate.
  • Foreign currency coins: No limit.

This limit applies to all people resident in India, including citizens, non-citizens, and minors. The limit applies to the aggregate amount of foreign currency notes, bank notes and foreign currency travellers' cheques that a person may possess and retain at any given time.

Why Sell Forex Sell Forexwith Prune?

Selling forex with Prune offers numerous benefits that make the process easy and convenient:

Prune offers competitive exchange rates, ensuring that you get the best value for your money
Our currency converter ensures that you get the best forex rates, maximising the value of your money
You can sell forex from the comfort of your home through our website or app.
Our executives collect foreign currency at your doorstep, making the entire process hassle-free and secure.
Online forex sellers like Prune offer a secure and hassle-free transaction process, ensuring that your money is safe.
Selling forex with Prune is simple, requiring only a few clicks.

Documents Required for Currency Exchange in India

To exchange currency in India, you typically need to provide the following documents:

A government-issued photo ID such as a PAN card, Aadhaar card, or driving license. For transactions above Rs. 25,000, a Passport is required.
A document that verifies your residential address, such as a utility bill, bank statement, or passport.
If exchanging currency for travel purposes, provide a copy of your ticket and visa.
If exchanging a large amount of currency, provide evidence of the source of the funds.

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