KAPNOX, Foreign Exchange & Money Changers, Reserve Bank of India Guidelines for Liesure Travellers

Welcome,

Guest User

HOME

NEWS

Why Forex?

Currency Rates

Travel Cards

FX FAQ's

Travel GuideLines

RBI-AML Guidelines

Members Area

Members Login

Why to Join

Free Registration

Membership Info

Our Services

About Us

PERSONAL VISIT

As per the Reserve Bank of India statutes the leisure traveller can avail of foreign currency notes, travellers cheques and prepaid travel currency cards up to US$ 10,000/- or its equivalent, during a single calendar year. Since KAPNOX FOREX stocks notes, travellers cheques and prepaid travel currency cards in various currencies and in various denominations, the leisure traveller can avail of his/her choice of multiple currencies to make travel easier and even more leisurely.

Reserve Bank of India Statutes

Eligibility
- Resident Indians
- Foreign Nationals permanently resident in India

Quantum of exchange
Up to a maximum of USD 10,000 or its equivalent in a Financial Year.
Currency component maximum of USD 3000 (May 04 Notif (ication) equivalent per visit.

Documents
Resident Indian
- Basic Travel Quota form – available with Kapnox Forex.
- Valid original Indian Passport
- Copy of Air Ticket
Foreign Nationals
- In addition to above documents:
- Declaration for not availing facilities by way of remittance in Foreign Currency & in terms of FEMA regulations.
- Copy of residential permit.

.

The following form may be forwarded to us along with your passport and ticket


Form for Indian Nationals.		Form for Foreign Nationals resident in India.

The Manager

Date:

Kapnox Forex Pvt. Ltd.

Dear Sir,
I am a resident of India and proceeding abroad and I wish to purchase foreign exchange under " BASIC TRAVEL QUOTA".

Personal Details
1. Full Name :
2. Address :
3. Date of Birth :
4. Nationality :
5. Passport No. :
6. Date & Place of issue :
Travel Details
7. Airline / Ticket No. :
8. Date of Departure :
9. Countries to be Visited :
Foreign Exchange Requirement :
10. Cash :
11. Travellers cheques :
( preferred denomination )

I declare that the exchange applied for hereinabove together with the exchange already availed of under "Basic Travel Quota" during the current calendar year, does not exceed USA $ 5,000/- or its equivalent.

I further declare that this transaction will not involve and is not designed for the purpose of any contravention or evasion of the provisions of FEMA or of any rule, regulation, notif (ication, direction or order made thereunder.

I declare that I am a permanently resident in India and I am not availing of any facility for remittance abroad from my income/savings.

Yours faithfully,

_____________

if you are on Twitter You can Follow us to Get Daily Updates and Reports
Follow @KapnoxForex

(C)Copyright KAPNOX FOREX Pvt. Ltd., Design & Concept By : Key Brain Technologies.