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iforexIndia
Chapter IICurrency Exchange
Monday, 25 May 2026 · 16:00 IST

Foreign currency, delivered with precision.

Live interbank rates, RBI-authorised pricing, and same-day cash to your door in seven metros. No queues, no rate ambiguity, no fine print.

ReferenceECB live set

Sourced from the European Central Bank reference set and refreshed hourly.

Spread0.75% only

Half the markup of high-street banks. Shown on every quote, never hidden.

Lock-in72 hours

Confirm online and freeze the rate while we verify documents.

Delivery65+ cities

Currency or card to your door across India, same-day in the metros.

▢ Quote72-hour lock
Live Quote
You pay1 USD = ₹96.0973
₹96,097.34

Indicative rate. Locked at order confirmation.

Continue to booking

Indicative rate, refreshed hourly from the ECB reference set. Final rate is locked when you confirm your order — typically within seconds of clicking through.

§ I · Today’s book

The full book, refreshed hourly.

As at25 May 2026 · 16:00 ISTECB reference · 0.75% spread
Currency
You sell at
(we buy from you)
You buy at
(we sell to you)
Δ 24h
Reserve currenciesThe four most-held foreign reserves, plus the franc.01
USDUS
US Dollar
94.6796.100.00%
EUREU
Euro
110.16111.830.00%
GBPGB
British Pound
127.56129.490.00%
JPYJP
Japanese Yen (100) †
59.5760.470.00%
CHFCH
Swiss Franc
121.00122.830.00%
Commonwealth & AmericasSettled via direct correspondent accounts.02
AUDAU
Australian Dollar
67.7968.820.00%
CADCA
Canadian Dollar
68.5569.580.00%
Asia–PacificHub currencies for regional business travel.03
SGDSG
Singapore Dollar
74.1275.240.00%
Middle EastGCC pegs to the US dollar — quoted directly in INR.04
AEDAE
UAE Dirham
25.7826.170.00%
SARSA
Saudi Riyal
25.2425.630.00%

Japanese yen quoted per 100 units, as is convention on the interbank market.

Rates are indicative. Your final rate is locked at order confirmation, typically within seconds of submission. View full archive →

§ II · Two journeys

Two journeys, handled differently.

Buying forex before you leave and selling it on your return are governed by different RBI procedures. We run both, end to end.

Outbound
4 steps

Buying foreign currency before you travel.

You'll receive foreign cash, a multi-currency card, or a combination of both. Order today, hold the rate, take delivery up to 72 hours later.

  1. 01

    Quote

    Pick a currency and amount. The live rate plus our 0.75% spread is shown immediately — no hidden FX margin.

  2. 02

    Documents

    Upload PAN, passport, and travel itinerary. We use the RBI's Form A2 declaration on your behalf.

  3. 03

    Pay

    Settle in INR via UPI, NEFT, or RTGS to our scheduled-bank settlement account.

  4. 04

    Receive

    Currency notes or your loaded forex card delivered to your address, same-day in metros.

Inbound
4 steps

Selling foreign currency back to INR.

Have leftover notes from a trip or surplus card balance? Encashment at interbank-grade rates, with funds credited to any Indian bank account.

  1. 01

    Quote

    Tell us what you have — notes, card balance, or both. We show the rate at which we will buy it from you.

  2. 02

    Schedule

    Pick a doorstep collection slot or visit our Brigade Road branch. No appointment needed in Bangalore.

  3. 03

    Verify

    Hand over the currency along with PAN. Our agent verifies the notes on-site using BSP scanners.

  4. 04

    Credit

    INR credited to your Indian bank account within four working hours by NEFT or IMPS.

§ III · Documents

What you’ll need to bring.

India’s forex rules mean some paperwork — but not as much as the queue at your bank suggests. Here’s the full list.

Always required

For every transaction.

  • PAN card

    Mandatory under RBI rules for any forex transaction. Must be in your own name.

  • Indian passport

    Original or clear photocopy. Required for any currency-note transaction above ₹2,000.

  • Form A2

    A short purpose declaration prescribed by the RBI. We prepare it for you — you only sign.

Conditional

Depending on your purpose.

  • Travel itinerary

    Confirmed return ticket and visa (where applicable). Required for tourist forex.

  • Education proof

    Admission letter, I-20 or CAS, and fee structure. Unlocks the 0.5% TCS rate under LRS.

  • Medical estimate

    Letter or invoice from the foreign hospital. Often pairs with a covering doctor's note.

  • Business KYC

    GST registration and authorised signatory ID for corporate accounts and bulk orders.

  • Form 15CA/CB

    Required for remittances above $25,000 in certain non-travel categories. We coordinate with your CA.

All documents are reviewed in-houseby an RBI-trained KYC officer. We don’t outsource verification. If something is missing, we’ll tell you within an hour — not at delivery.

§ IV · RBI framework

The rules, plainly stated.

India’s outward-remittance rules are not as terrifying as they sound. Three numbers and one form cover ninety-five percent of cases.

A note: these are general rules as we understand them today. They change with the Union Budget — verify your case with a CA before remitting large sums.

  1. 01Annual LRS ceiling
    250K USD

    Every resident Indian individual may remit up to $250,000 in a financial year under the Liberalised Remittance Scheme — for travel, education, gifts, investments, and most other permitted purposes combined.

  2. 02Up to ₹7 lakh / FY
    0%

    No Tax Collected at Source on the first ₹7,00,000 you remit each financial year, for any permitted purpose. Resets every 1 April.

  3. 03Most purposes · above ₹7L
    5%

    Tour packages, travel, gifts to NRIs, and similar purposes attract 5% TCS once your annual total crosses ₹7,00,000. Reduced to 0.5% for education funded by an education loan.

  4. 04Investments · above ₹7L
    20%

    Remittances for overseas investment or property purchase attract 20% TCS once above ₹7,00,000. TCS is fully credited against your income-tax liability — claim it back when you file.

§ V · Coverage

Where we deliver.

Direct doorstep delivery in 21 cities. Anywhere else in India, we ship by trusted courier — typically 3 to 5 working days.

Tier I · Same-day07
  • BangaloreHQ · open Sat
  • Mumbaicash within 4 hours
  • Delhi NCRGurugram, Noida incl.
  • ChennaiSame-day
  • HyderabadSame-day
  • PuneSame-day
  • KolkataSame-day
Tier II · Within 24–48 hours14
  • Ahmedabad
  • Chandigarh
  • Coimbatore
  • Indore
  • Jaipur
  • Kochi
  • Lucknow
  • Mangalore
  • Mysuru
  • Nagpur
  • Surat
  • Thiruvananthapuram
  • Vadodara
  • Visakhapatnam
21
Cities covered directly
65+
Through courier rails
4 hrs
Bangalore SLA
§ VI · Common questions

Eight things people actually ask.

Compiled from our phone log. If you’ve got a ninth, our advisors are on the line Monday through Saturday.

+91 80 4148 0020

— End of chapter II —

Order today. Receive tomorrow.

One quote, one signature, one knock at the door. We’ve built this so you don’t think about forex past the moment you order it.