Travelling abroad from Ranchi necessitates the need for foreign currency exchange from Ranchi. However, foreign exchange market is prone to frequent fluctuations, and exchanging currency without prior knowledge about the market can cause you big losses. So, if you are planning to exchange currency from Ranchi and doesn’t know much about the market, don’t worry, here is all the details you need to swap the currency without any hassles and confusions.
Foreign currency exchange from Ranchi and its limits:
As per the guidance set by RBI, a person can carry foreign currency of $3,000 or equivalent per visit in the form of notes and coins. The total limit for an individual, under Liberalised Remittance Scheme is $2,50,000 per financial year.You are permitted to carry above USD 3000 if you are travelling to:
- Islamic Republican of Iran.
- Russian Federation
- Republics of Commonwealth of Independent States.
The payments for foreign currency exchange from Ranchi can be made by cash up to a limit of Rs 50,000 or by way of a crossed cheque or demand draft.
Documents required for foreign currency exchange from Ranchi:
The following are the basic KYC Documents required for foreign currency exchange from Ranchi:FOR CURRENCY SALE:
- Aadhar/ Driving License/ Voter’s ID/ Passport.
- Passport is mandatory for NRI/ Foreigner.
- PAN Card.
- Ticket/ Visa
Points to be considered in foreign currency exchange from Ranchi:
- Always approach an Authorized service provider with a license from RBI for currency exchange.
- Make a study on current foreign currency exchange rates thru online modes.
- Be familiar with normal swapping charges.
- Avoid currency exchange dealers you see in airports, train stations, and other touristy areas, which often are too expensive.
While you make foreign currency exchange from Ranchi, when did the necessity for CDF emerges?
A CDF is required when the foreign exchange in the form of currency notes and traveler’s cheques brought in by an individual at any one time exceeds US$ 10,000 or its equivalent or the aggregate value of foreign currency notes brought in by such person at any one time exceeds US$ 5,000 or its equivalent.
Where to contact for foreign currency exchange from Ranchi?
If you are looking to exchange currency from Ranchi, please feel free to get in touch with us by visiting our website https://www.unimoni.in/ and put a query or chat with us at the toll-free number 1800 102 0555 or WhatsApp us at +91 9946086666 or mail us at email@example.com.You can also visit any nearby branches of Unimoni in Ranchi to avail the finest services in currency exchange and purchases.