USD 30+ Million
Rs. 15+ crores
WHY CHOOSE FRR FOREX?
Competitive Exchange Rates
When you go to the bank as an individual your bargaining power is less than FRR Forex who as a corporation transacts in bulk. This allows us to provide customers with extremely competitive rates.
One - Time Documentation
One-time documentation means that once you transact with us there is no need to re-submit documents for future transactions through us.
Seamless Online Process
Our entire process is online and seamless including the video KYC, and does not require you to physically visit any place including the bank
We also provide Student Insurance, Currency Hedging opportunities and Student focused partnerships to ensure that FRR is your one-stop shop for all needs financially when the student is abroad
Once you transact with us, there’ll be no need to re-submit your documents for future transactions through us.
Submit once, relax perpetually.
We make sure you don’t have to step out for anything, not even to the bank!
We’re here to provide you with a complete online process which even includes a video KYC!
What documents are required to avail foreign exchange?Front and last page of passport Pan Card Visa copy Airline ticket copy. Forex card application form (will be provided by us).
Can FRR forex help us get a FOREX card?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.
How much foreign exchange can a Resident Indian avail per Financial Year?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.
Which currencies can be loaded onto the Forex Card?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).
How much foreign exchange can be availed for business travel per Financial Year?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.