India's biggest forex marketplace!
An Indian Resident refers to Indian citizens living and staying in India.
Also, as per the Foreign Exchange Management Act (FEMA), a person resident in India is defined as having stayed in India for more than 182 days in the previous year.
This is not applicable to a person who has left India for;
The foreign exchange limit for a Resident India is USD 2,50,000 equivalent.
Liberalized Remittance Scheme is a facility provided by the RBI for all resident Indians including minors, to buy and/or remit foreign exchange up to USD 2,50,000 or its equivalent in any currency per financial year (April - March).
In India, you’d have to pay GST for forex transactions.
Take a look at the below table to find out how much tax you are liable to pay according to the amount of money involved in the transaction;
|Money Transfer Slab||Minimum Tax – Maximum Tax|
|Slab 1 [Up to Rs 1 lakh]||Rs. 45 – Rs. 180|
|Slab 2 [Rs 1 lakh to Rs. 10 lakh]||Rs. 180 – Rs. 990|
|Slab 3 [Above Rs. 10 lakh]||Rs. 990 – Rs. 60,000|
Yes, the exchange houses/forex stores listed in ExTravelMoney.com are trustworthy.
There are in total 3 categories of financial institutions which have been authorized by RBI to carry out forex transactions ;
Yes, ExTravelMoney is reliable.
ExTravelMoney.com is a genuine website registered in accordance with the rules and laws laid out in Companies Act 2013.
We have been in operation for more than 5 years now having served around 1,00,000+ customers with cost effective outward remittance and currency exchange.
This is our This is our CIN number - U72200KL2014PTC037740
You can enter the same in the link below to verify our authenticity.
Check Company - Ministry of Corporate Affairs
Our partnered Banks and Money Changers
Trustpilot Reviews by customers who have used ExTravelMoney.com to book forex.
We only have tie-ups with RBI authorized banks and money changers. ExTravelMoney and its partnered forex houses ensure that all transactions are RBI compliant and follow proper documentation.
A customer’s information is stored securely with us. This is required to ensure compliance with RBI regulations. We do not pass your data to third parties unless it is absolutely necessary to your use of ExTravelMoney.com such as sharing your information with the concerned bank or money changer for processing your transaction.
You may occasionally receive emails from us about our new offers, products or important features we are releasing which may be of benefit to you. However, please be rest assured that your information will not be passed on to third parties for marketing purposes.
There are many advantages for ExTravelMoney over Banks and other foreign exchange houses:
Our exchange rates are updated every 2 minutes
The exchange rate of currencies is dependent upon your location and the forex store. Each individual forex store in ExTravelMoney has their own exchange rates.
The link below will provide you with the current rate. Click on it to know more.
Booking Fee is a mandatory charge. It is ExTravelMoney’s service charge for providing a platform where customers can compare and book foreign exchange services online. It’s what keeps our website up and running and is our bread and butter.
Rate Lock Deposit is an additional feature that we provide to customers. When a customer pays Rate Lock Deposit to lock the exchange rate, the forex order will become valid for them for up to 2 working days. This is regardless of the fluctuations in the forex market. That Exchange Rate is guaranteed to them.
When customers complete that transaction via ExTravelMoney within the “Rate Lock Period”, this Deposit will be fully refunded to them.
The various payment modes available for customers in ExTravelMoney.com are;
There are no hidden charges from our side.
The only extra charge the customer needs to pay will be GST and the transaction charge.
The transaction charge will vary according to the money charger. It can be either nil or anywhere between Rs 0 to Rs 150
You can contact our customer support team through the channels below to cancel your forex order;
Customer complaints can be raised through our Email: firstname.lastname@example.org.
You can also reach out to us through;
Communicate directly with our customer support agents through the channels mentioned above.
Your request has been sent. Our representative will call you shortly.
Customer Support Hours:
Mon-Fri : 9:30 am to 6:00 pm
Sat: 9:30 am to 2:00 pm
Please check back later
We regret to inform you that, due to the ongoing Coronavirus epidemic, most of our partnering money-changing stores in India have suspended their business operations indefinitely.
We will keep you updated, once they become fully operational and safe to transact.