Multimoney - Forex

Product & Services

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Outward Remittance

Multimoney Forex offers a Remittance service that allows you to transfer to any corner of the globe (excluding UN-sanctioned countries). Choose from the various major currencies and enjoy competitive exchange rates that assure you both speed of wire transfer and security of foreign currency demand drafts.

Multimoney Forex makes international money transfers convenient, reliable, and secure. Therefore, Multimoney Forex is your leading partner in global financial connectivity.

Foreign Currency

Multimoney Forex ensures that travelling abroad is not stressful when it comes to currency exchange. Exchange foreign currency anytime, anywhere in India through our user-friendly online platform or visit a branch for more personalised service. What differentiates us from our competitors is our ability to deliver services anywhere, anytime within India, thus providing unparalleled convenience.

We prioritise your safety with 100% secure KYC documents, with restricted access and no-third party sharing. Get competitive rates for currencies and expert guidance from our experienced advisors. Choose Multimoney Forex for a hassle-free foreign exchange experience.

Forex Cards

Ditch the cash and currency exchange hassle! Multimoney Forex Cards offer a secure and convenient solution for your travels. Purchase your card online from the comfort of your home and get it delivered straight to your doorstep. Our experienced advisors are there to guide you through choosing and using the card.

Load it with popular currencies like USD, EUR, AUD, CAD, SGD, CHF, SEK, JPY, AED, SAR and GBP for flexible spending abroad, and enjoy the peace of mind of 100% secure KYC document storage with restricted access and zero third-party sharing. Travel smarter and safer – choose Multimoney Forex for stress-free international experience.

Travel Insurance

About Multi Money Forex

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Customer Testimonials

Real experiences, real stories! Discover how Multimoney Forex simplifies exchange, travel, and remittance for our satisfied customers.

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Lorem ipsum dolor sit amet consect etur adipiscing elised fauce tincidunt leo at interdum morbi tincidunt sed enim vel integer posuere.

John Smith

Lorem ipsum dolor sit amet consect etur adipiscing elit morbi bibendum sodales nulla, vel aliquet nisl ultricies vitae morbi non elementum ereased integer pulvinar sem et diam.

Lorem ipsum dolor sit amet consect etur adipiscing elised fauce tincidunt leo at interdum morbi tincidunt sed enim vel integer posuere.

John Smith

Lorem ipsum dolor sit amet consect etur adipiscing elit morbi bibendum sodales nulla, vel aliquet nisl ultricies vitae morbi non elementum ereased integer pulvinar sem et diam.

Lorem ipsum dolor sit amet consect etur adipiscing elised fauce tincidunt leo at interdum morbi tincidunt sed enim vel integer posuere.

John Smith

Insights

Leverage our expertise to master global finance. Gain insights, make informed decisions, and achieve success.

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

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Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor .

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor .

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor .

FAQ

The best place to exchange currency is with Multimoney Forex. With over 30 branches across India, we offer secure and competitive money exchange services for more than 40 currencies. Our exceptional service, competitive rates, and the convenience of being a licensed dealer ensure you get the best value for your money. Whether you need foreign exchange, international travel cards, or wire transfers, MultiMoney Forex is your trusted partner for all your currency exchange needs.

Banks typically charge a combination of fees and markups on the exchange rate when you exchange currency, and the exact amount can vary depending on the bank and the type of service used. Common charges include an exchange rate markup, which can range from 1% to 5% above the interbank rate, and service fees, which can be a flat fee or a percentage of the transaction amount, usually ranging from $5 to $20 or more. Additionally, if you withdraw foreign currency from an ATM abroad, there may be extra fees from both the local bank and your home bank.

Yes, you can use a travel card in an ATM. Travel cards, including those from Multimoney Forex, are designed to be used like debit or credit cards, allowing you to withdraw local currency from ATMs worldwide. However, be aware that some ATMs may charge a withdrawal fee, and there may also be a small fee from the card issuer. Despite these potential charges, Forex cards from Multimoney Forex often offer competitive exchange rates and added security, making them a convenient option for accessing cash while traveling.

Using a travel card abroad is often the best option due to its convenience and security. Forex cards, such as those offered by Multimoney Forex, provide competitive exchange rates and help you avoid the high fees often associated with using credit or debit cards internationally. Additionally, travel cards can be easily reloaded and offer protection against fraud, making them a safer alternative to carrying large amounts of cash. With the ability to withdraw local currency from ATMs and make purchases directly, travel cards provide a hassle-free and economical way to manage your finances while travelling abroad.

To avoid foreign transaction fees, consider using a travel card or credit card that does not charge these fees. These cards are specifically designed for international use and provide competitive exchange rates without additional charges. Additionally, avoid using ATMs that charge high withdrawal fees and opt for withdrawing large amounts of cash less frequently to minimize fees. Always check with your card issuer about any potential fees before traveling, and plan to use cards that offer fee-free international transactions to save money while abroad.

As per the previous guidelines, Indian residents were allowed to carry up to USD 3,000 or its equivalent in other foreign currencies in cash for a leisure trip. However, this limit could vary based on factors such as the destination country and the purpose of travel.

Typically, travelers to India, whether residents or non-residents, are required to declare to custom authority any amount exceeding USD 5,000 (or its equivalent in other currencies) in cash, or USD 10,000 (or its equivalent) in cash and traveler's cheques combined, on their arrival in India.

An Indian resident is allowed to draw Permissible Foreign Exchange up to 180 days in advance.

If the amount of foreign exchange you want to withdraw is Rs. 50,000 or less in one go, you can pay Indian Rupees in cash, except for corporate payments. However, if the foreign exchange value is more than Rs. 50,000, whether from a single or multiple past transactions, you should use a bank account for the payment.

A traveler returning from a trip can hold onto any unused foreign exchange for up to 180 days. If they plan another journey within this period, they are allowed to use the same funds for the upcoming trip, provided it is scheduled within 180 days from their last return from abroad.

If you plan to go on cultural trips abroad, like being part of a dance group or as an artist, you need permission beforehand from the Ministry of Human Resource Development (Department of Education and Culture) in the Government of India, based in New Delhi.

Yes, if you are selling foreign exchange to someone in India, they must provide their PAN (Permanent Account Number) details. This rule is mentioned in A.P. (DIR series) Circular No. 32, dated June 19, 2018.

CURRENCY	BUY RATES			SELL RATES
	Remittances	Cash	Forex Card	Cash	Forex Card
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Remittance

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SELECT PRODUCT & CURRENCY

ENTER YOUR DETAILS

MAKE PARTIAL OR FULL PAYMENT

TRACK YOUR ORDER

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John Smith

John Smith

John Smith

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Address

Call Us

Email Id

Remittance

{{RT.CurrencyName}}

SELECT PRODUCT & CURRENCY

ENTER YOUR DETAILS

MAKE PARTIAL OR FULL PAYMENT

TRACK YOUR ORDER

Convenience

Experience

Compliance / Safety

John Smith

John Smith

John Smith

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Oct 22, 2022 | Finance

Investment Update, Fourth Quarter 2022

Where is the best place to exchange currency?

How much do banks charge for currency exchange?

Can I use a Forex card in an ATM?

Is it best to use a Forex card abroad?

How do you avoid foreign transaction fees?

How much foreign currency in cash form per visit can be carried for travel abroad by a resident of India?

How much foreign currency can be brought-in while coming to India?

How many days in advance can foreign exchange be drawn for travel abroad?

Can one pay the full value of foreign exchange drawn in INR cash?

Within how many days should a returning traveler to India surrender the unused foreign exchange to an authorized person?

What are the categories of visits abroad requiring special permission from the Govt. of India?

Is it mandatory to obtain a PAN from IT for remitting foreign exchange under LRS?

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