Question 1

Can FRR forex help us get a FOREX card?

Accepted Answer

Yes, the cards are available off the shelf at our branches. 
All you need to do is provide the relevant documentation and fill in a simple application form. You can walk out with the card in your hand, loaded with the required amount of foreign currency.

Question 2

What documents are required to avail foreign exchange?

Accepted Answer

• Front and last page of passport 
 • Pan Card
 • Visa copy
 • Airline ticket copy.
 • Forex card application form (will be provided by us).

Question 3

Which currencies can be loaded onto the Forex Card?

Accepted Answer

Prepaid Foreign Currency Card can be loaded with: US Dollars (USD), Australian Dollar (AUD), Canadian Dollar (CAD), Singapore Dollar (SGD), New Zealand Dollar (NZD), Hong Kong Dollar (HKD), Euro (EUR), British Pounds (GBP), Swiss Francs (CHF), Swedish Kroner (SEK), UAE Dirham (AED), South African Rand (ZAR), Saudi Arabian Rial (SAR), Thai Baht (THB) and Japanese Yen (JPY).

Question 4

How much foreign exchange can a Resident Indian avail per Financial Year?

Accepted Answer

As per the RBI’s guidelines, Under the Liberalized Remittance Scheme (LRS), all resident individuals, including minors, are allowed to avail of up to USD 2,50,000 per financial year (April – March) for the purpose of travel or any capital and current account outwards remittance.

Question 5

How much foreign exchange can be availed for business travel per Financial Year?

Accepted Answer

Authorized dealers can release foreign exchange for an individual traveler up to US$25,000 for a business trip to any country other than Nepal and Bhutan.

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