mytravel@muthoot.com | Contact Number : +91 9567021555 +91 9567021666
Ph : +91 9567021555 +91 9567021666
forex

   Muthoot Fincorp Ltd., Started its Forex business as a Full Fledged Money Changer (FFMC) under the FFMC License bearing No. FE.CHN.FFMC.44/2007 issued on 4th January 2007 by Reserve Bank of India. On July,2010 Muthoot Fincorp got the AD-11 license with 454 branches.


Under this license MFL undertakes the following Forex activities.


1.  Buying Foreign Currencies and Travellers’ Cheques.

2.  Selling Foreign Currencies and Travellers’ Cheques.

3.  Travel Card

4.  Outward Remittances.

5.  FCNR Demand draft


Buying Foreign Currency Banknotes

   We are dealing in 25 Major currencies which we are buying from customer on the buying Rate as shown in the forex Software. A part from this we are offering Special rates to our privileged customers based on current Market rates.


Selling Foreign Currencies and Travel Card

   Retail Sales can be done on the following Purpose in Which Maximum Currency Limit is USD 3000 and Balance in Travel Card.


PURPOSE LIMIT REMARKS
1. Private Visits Abroad LRS limit-250000 (including all Forex transaction in a Financial year) *Up to $ 3000/- in Banknotes, Balance in Travel Card.
2. Studies/Education outside India LRS limit-250000 (including all Forex transaction in a calendar year) *Up to $ 3000/- in Banknotes, Balance in Travel Card.
3. Going Abroad on Employment LRS limit-250000 (including all Forex transaction in a calendar year) *Up to $ 3000/- in Banknotes, Balance in Travel Card.
4. Going Abroad on Emigration LRS limit-250000 (including all Forex transaction in a calendar year) *Up to $ 3000/- in Banknotes, Balance in Travel Card.

Benefits To Customers

1.  Competitive Rates to customers.

2.  25 destination currencies available.

3.  Large network and easy availability.

4.  Providing services in Sundays Branches.

5.  Hassle free documentation.

6.  Personalized services.

7.  Expert’s opinion on market trends.


Travel Card

   Apart from Currencies and Remittances, Resident Indian can also avail Travel card for travelling abroad. All the documents, Limit and Payment type will remain the same as of Currency Sale.


FOR RESIDENT INDIANS & NRI’s Only
All Transactions By A/c Payee cheque(subject to clearance) or RTGS,NEFT

Benefits To Customers

1.  Competitive Rates to customers.

2.  8 currencies available in 1 card.

3.  Risk free.

4.  Check balance Online.

5.  Hassle free documentation.

6.  Reload Currency.

7.  Reload any amount from our branches


Outward Remittances

   We can send Money to abroad through Swift transfer for the following purpose as per RBI guideline.


Remittances can be done for the following as per RBI norms


○  Film Shooting

○  Remittance by Tour Operators/Travel Agents to their overseas agents/ principals/hotels

○  Remittance under educational tie ups with Universities abroad

○  Remittance for participation in International events / competitions(Towards training, sponsorship and prize money.

○  Remittance towards fees for examinations held in India & abroad & additional score sheets for GRE, TOEFL etc

○  Visa Fees

○  Skills/ credential assessment fees for intending migrants.

○  Processing fees for registration of documents as required by the Portuguese / other Governments, registration/ subscription/ Membership fees to International Organizations.Crew Wages.

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