Multimoney Forex

Product & Services

Discover our comprehensive services designed for seamless, hassle-free international transactions and forex requirements, ensuring convenience and security for all your global finance needs.

Outward Remittance

We offer a seamless global remittance service that enables you to transfer money to any corner of the globe very easily through our comprehensive digital channels. Choose the currency you need at the most competitive exchange rates with guaranteed fast and seamless transfers to your chosen destination, while being fully compliant with the RBI regulations.

We are your best partner in global financial transactions, making international money transfers convenient, reliable and secure.

Foreign Currency

We offer comprehensive & reliable currency exchange solutions to meet all your travel & financial needs. We can provide access to 40 currencies, some of which are often rare to get even in larger banks.

We provide unparalleled convenience with our ability to deliver any currency at any time at your doorstep. Book currency online or visit our branch for personalized assistance. Get best rates for currencies & expert guidance from our advisors.

Forex Cards

Our Cards offer a secure & convenient solution for your international travels. Simply book your card online & we'll deliver it right to your doorstep. Our expert advisors are available to assist you in selecting & using the card.

Load your card with multiple currencies for flexible spending abroad. You can reload your card easily anytime from anywhere during your travel. Travel smarter & safe with our Forex Cards for seamless international spending.

Travel Insurance

Ensure a safe journey with Multimoney's Travel Protect Program in partnership with ICICI Lombard, offering exceptional coverage for global travelers for work, education or leisure.

Our plans provide comprehensive protection against a range of unexpected events that could spoil your travel. We provide global benefits that include hospitalization, baggage loss, trip cancellations & medical evacuations. You can now travel confidently, knowing you are covered in every step of the way.

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 60 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 60 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.

Customer Testimonials

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

Outstanding customer experience, no hassle and thoughtful customer approach made the process of currency exchange very smooth.

Kamal Jakkilinki

I always prefer Multimoney's currency exchange services; you get best exchange rates compared to the market. Excellent service 👌 go for it.

Santosh Kumar Telu

I paid my college fee and GIC payments through Multimoney Forex. I received very prompt and excellent services. I strongly recommend to opt their services for better rates and smooth process.

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	Remittances	Cash	Forex Card	Cash	Forex Card
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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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