FAQ

Yes, it is mandatory for the resident individual to provide his/her Permanent Account Number (PAN) for all foreign exchange transactions.

In the event of cancellation of the journey, the foreign exchange drawn for this specific travel must be surrendered within 60 days from the date of its purchase

No, third party payment is not allowed as per RBI guidelines.

Non-Resident Indians living in India beyond 180 days are eligible to purchase forex. Foreign Nationals permanently residing in India are eligible to avail foreign exchange provided the applicant is not availing of facilities for remittance of his/her salary, savings etc. abroad in terms of the existing FEMA regulations. Similarly, Foreign born wife of an Indian national.

There is no restriction on residents holding foreign coins.

You will need your passport, PAN, a valid visa, current address proof and a confirmed return air ticket.

While surrendering currency the customer’s identification document and proof of address is required. If the amount exceeds USD 5,000 in the form of currency notes or exceeds USD 10,000 in total, a Currency Declaration form (CDF) will also be required.

In case the guest has made a payment by cash the currency is issued to them immediately. If the payment has been made via cheque, the guest will receive the Forex once the cheque clears. On the other hand, if the guest has used NEFT or some other form of online transfer to make the payment, the currency will be handed to the client by the next day or once the payment has been received by P K SOLANKI FOREX PVT. LTD.

You will need your passport, PAN, a valid visa, current address proof and a confirmed return air ticket.

Yes, it is advisable to carry a small value of your Foreign Exchange in the form of currency notes, so you have cash on hand for immediate expenses like hiring a cab, buying food, obtaining a trolley etc.

Travelers going to all countries other than (a) (b) and (c) below are allowed to purchase foreign currency notes / coins only up to USD 3000 or equivalent per visit. Balance amount can be carried in the form of store value cards.
Exceptions to this are:
a.  Travelers proceeding to Iraq and Libya can draw foreign exchange in the form of foreign currency notes and coins not exceeding USD 5000 or its equivalent per visit
b.  Travelers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States can draw entire foreign exchange (up-to USD 2,50,000 or equivalent) in the form of foreign currency notes or coins;
c.  For travelers proceeding for Haj/ Umar pilgrimage, full amount of entitlement (USD 250,000 or equivalent) in cash or up to the cash limit as specified by the Haj Committee of India, may be carried.

A resident Indian can take Indian rupee outside India (other than to Nepal, Bhutan, Pakistan, and Bangladesh) as currency notes up to an amount not exceeding Rs. 25,000 per person.
Indian residents who travel to Pakistan and/or Bangladesh on a temporary visit may bring into India currency notes up to an amount not exceeding Rs. 10,000 per person.

P K SOLANKI FOREX PVT. LTD. team of industry experts holds extreme expertise and years of experience in dealing with currency exchange. Expert cashiers and backed with currency detecting machines helps in quickly identifying torn, soiled, or fake notes and hence when you purchase currency from P K SOLANKI FOREX PVT. LTD., be rest assured that your notes are genuine and will help you enjoy a good trip abroad.

A person coming into India from abroad can bring with him foreign exchange without any limit. However, if the aggregate value of the foreign exchange in the form of currency notes, bank notes or traveler’s cheques brought in exceeds USD 10,000 or its equivalent and/or the value of foreign currency notes alone exceeds USD 5,000 or its equivalent, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.

YouA foreign exchange purchase can be made from an authorized person in cash for below Rs. 50,000/-. Nevertheless, if the amount of foreign exchange sold exceeds Rs 50,000/-, the entire payment must be made by a crossed cheque, RTGS/NEFT drawn on the applicant's bank account.

P K SOLANKI FOREX PVT. LTD. team of industry experts holds extreme expertise and years of experience in dealing with currency exchange. Expert cashiers and backed with currency detecting machines helps in quickly identifying torn, soiled, or fake notes and hence when you purchase currency from P K SOLANKI FOREX PVT. LTD., be rest assured that your notes are genuine and will help you enjoy a good trip abroad.

The amount of currency notes may be purchased by a traveler proceeding to Iraq and Libya, up to not exceeding USD 5,000 or its equivalent in a year (total USD 2,50,000 or its equivalent). For traveler’s going to Iran, the Russian Federation and other Republics of Commonwealth of Independent States, the entire exchange (USD 2,50,000 or its equivalent) can be released in the form of currency notes. Travelers travelling by land to Pakistan, Bangladesh or Myanmar are eligible to taker currency up to USD 2,50,000 or its equivalent each financial year. In case traveler has exhausted the limit of USD 2,50,000 or equivalent in one financial year, the traveler can approach nearest office of Reserve Bank of India and obtain approval to carry foreign exchange over and above the limit.

Multicurrency Forex Card is designed exclusively for customers who travel extensively across the globe. It is a unique product with multiple currencies loaded on the same card for convenience, thus avoiding the need to carry multiple cards for different destinations. When you're traveling, it's easy to access local currency at an ATM. Simply look for the Visa/Mastercard symbol on the ATM. These are a part of global ATM network which allows you to get cash at over 2 million ATM's in more than 200 countries and territories the world over. Before you travel, it is a good idea to check with your card-issuing bank about the overseas ATM transaction fees.

A Prepaid Travel Card comes with a lot of other benefits:

• Access to over 34 million merchant establishments and to 2.1 million ATM's
• Free Replacement Card.
• Global Emergency Toll Free Assistance in over 80 countries
• Online access and controls on your card
• Online usage
• High level of Safety and security
• Encashment option available once you return from your trip

Prepaid forex cards are generally more cost-effective than debit cards. Whenever possible, it is advisable to compare various bank charges via retail outlets and ATMs.

For your foreign travel needs, prepaid cards are generally available in all major currencies, and they can be loaded into one card.

A prepaid forex card can be reloaded and is valid for a period of at least three (3) years. There is no limit to the number of times you can use the Prepaid Forex Card within this period. Whenever you travel overseas, you can reload your Card through P K SOLANKI FOREX PVT. LTD.

• Duly filled and signed Card Application/Reload Form
• Copy of self-attested Passport (carry your original Passport for verification)
• Copy of self-attested return Air Ticket and Visa (carry originals for verification)
• PAN Number must be mandatorily mentioned on the Application Form with a self-attested copy of the same
• If the address mentioned on the application form differs from the address mentioned on the Passport, then an additional address proof will be needed to submit

P K SOLANKI FOREX PVT. LTD. team of industry experts holds extreme expertise and years of experience in dealing with currency exchange. Expert cashiers and backed with currency detecting machines helps in quickly identifying torn, soiled, or fake notes and hence when you purchase currency from P K SOLANKI FOREX PVT. LTD., be rest assured that your notes are genuine and will help you enjoy a good trip abroad.

No. You cannot use the cards in India.

P K SOLANKI FOREX PVT. LTD. allows you to retain your forex card and reload it before your next trip abroad so that you can use it when you're back home.