Is there a limit to how much foreign exchange an individual can buy?
Yes, you can buy forex up to a limit of USD 250,000 or its equivalent currency in a calendar year. Of this, USD 3000 per trip can be availed in USD Cash or its equivalent, and the rest in the form of the Multi-Currency Travel Card.
What documents are required to purchase foreign exchange?
You have to do a one-time registration with submission of “Know Your Customer” (KYC) documents. Please Contact Us or Call us on 1800 103 3006 (Toll free) to know more about registration.
What forex products are available with BFC Forex?
BFC Forex offers currency notes in 30 destination currencies and a Multi-Currency Travel Card which can be loaded with 10 currencies.
What is the transaction process?
After completion of the one-time “Know Your Customer” (KYC) submission, you can share your forex requirements by mail to a BFC Relationship manager who will assist you. Once your order is successful, a BFC customer relationship executive will pick up or deliver your forex at a time which suits you.
What value added services I can expect?
As a valued BFC Corporate customer, you can look forward to comprehensive foreign exchange service with flexible operating office hours and the delivery or pick up of forex at your door step.
Do you offer forex delivery?
Yes, following your written request to BFC Forex, we will deliver your forex to your door.
How can I make payment towards a forex transaction?
As a corporate you can transfer funds from your bank account to the BFC Forex bank account by RTGS/NEFT/DEMAND.
What are the supporting documents required for a forex transaction?
BFC Forex adheres to all rules and regulations set by the Reserve Bank of India. Valid passport and Visa along with forex application letter are required from corporate office to perform all forex transactions.
What is the forex rate, tax & charges?
As a valued corporate customer, we will offer a fixed margin on current market rate as per agreed terms mutually accepted by both sides. Apart from the rate, a GST (Goods and services tax) will also be applicable as per Government of India. Please contact your nearest branch or firstname.lastname@example.org for more details.
We’d love to hear from you, so feel free to get in touch with any feedback or a query and someone from our team will get back to you.
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