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Maharaja Forex Pvt. Ltd., Chennai

FOREIGN CURRENCY EXCHANGE

foreign exchange, money exchanger, western union money transfer, foreign currency exchange Maharaja Forex Pvt. Ltd., Chennai

Foreign Currency Exchange Chennai

The foreign currency exchange services in Chennai follow the foreign exchange norms of the Indian republic.

The companies providing foreign currency exchange services in Chennai offer customized FOREX (short form for Foreign Exchange) products to different FOREX customers. The companies providing foreign currency exchange services in Chennai are banks (both government and private) and private foreign exchange dealers.

The empirical description of foreign currency exchange services in Chennai are:

  • FOREX products for exporters: The foreign currency exchange services in Chennai provide pre-shipment credit for exporters in Rupee currency. The pre-shipment Credit in Foreign Currency (PCFC) is given at internationally competitive rates. Export bill discounting is also done.


  • FOREX products for importers: Letter of Credits are issued. Buyers are given a line of credit.


  • Forward Contracts: The foreign currency exchange services in Chennai offer foreign currency traveler cheques. They also offer Bid Bonds and execution and transmission of payment order through SWIFT

The liberalization of the Indian economy has brought profound changes in the foreign currency exchange services in Chennai . Foreign exchange is now freely available. The norms of foreign currency exchange services in Chennai are as follows:

  • Business visit abroad: For a visit to another country for business purposes, a maximum limit of USD 25000 is imposed.


  • Private travel: The limit is USD 10000 per calendar year.


  • Participation in international conferences and seminar: The maximum limit is USD 25000 irrespective of the duration of the program.


  • Medical treatment: The limit for medical expenses is USD 100000. This amount can be increased if required.