A Guide to Hassle-Free Forex Remittances

We understand the intricate nature of international transactions and strive to simplify the process for you. Whether you need to send money overseas, purchase Forex for travel, education, medical expenses, or any other purpose allowed by the Reserve Bank of India (RBI), our seamless services ensure a smooth experience, making your transactions hassle-free.

At Muthoot FinCorp ONE, we offer a range of services aimed at making your Forex transactions convenient and secure. From buying, selling, and reloading Forex cards to sending money abroad without the complexities of trading, we ensure 100% secure transactions with competitive exchange rates. Our services operate 24 hours a day, guaranteeing timely transfers and hassle-free processes.

Limits and Convenience

Under the Liberalized Remittance Scheme (LRS) set by the RBI, the limit for international money transfers stands at USD 2,50,000 in one financial year. This scheme allows various purposes for which you can purchase Forex for non-trade accounts. Whether it's for private visits, business travel, education abroad, medical treatment, or even film shoots, Muthoot FinCorp ONE assists you in fulfilling these requirements seamlessly.

Ease of Access

The convenience doesn't end with the transfer limits. One of the best parts about Muthoot FinCorp ONE is the accessibility it offers. Gone are the days of standing in long queues. You now have the option to apply for a multi-currency Forex card online and get it delivered to your doorstep. Additionally, you can send money abroad (remittance) and reload your existing card, both online and offline. However, if you require cash or wish to sell foreign currency, a visit to your nearest Muthoot FinCorp Forex branch might be necessary.

RBI Approved Purposes

The RBI has outlined numerous purposes for which you can purchase Forex for non-trade accounts. These include fees for participation in global conferences, medical treatment overseas, fees for examinations held in India and abroad, employment and processing fees for overseas job applications, emigration consultancy fees, visa fees, and much more. Muthoot FinCorp ONE facilitates these transactions, ensuring a smooth process for each purpose approved by the RBI.

With Muthoot FinCorp ONE, you can securely and reliably obtain Forex at competitive exchange rates. Whether you need cash from the branch or a multi-currency card delivered to your doorstep, our services cater to your needs. Reloading your card hassle-free and conducting international money transfers anytime, anywhere has never been easier.

In conclusion, navigating through the complexities of Forex remittances is no longer a daunting task with Muthoot FinCorp ONE by your side. Experience hassle-free transactions, competitive rates, and a secure process for all your international money transfer needs. Say goodbye to worries and complexities – Muthoot FinCorp ONE simplifies your Forex transactions for a seamless experience.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging Forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the [Muthoot FinCorp ONE] website today to know more.

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