RBI-licensed money changer 2 km away on Poonamallee High Road. Wholesale-linked rates, SWIFT initiated the same working day (funds credited in 1 to 2 business days) for university tuition, walk-in cash and forex cards in under 30 minutes.
Rates, confirmed live on WhatsApp, for Mogappair customers
A quote is confirmed on WhatsApp and held for 60 minutes. Lock the final rate on WhatsApp before you leave home.
| Currency | Availability |
|---|---|
| USD - US Dollar | Same-day |
| EUR - Euro | Same-day |
| GBP - Pound Sterling | Same-day |
| AED - UAE Dirham | Same-day |
| SAR - Saudi Riyal | Same-day |
| SGD - Singapore Dollar | Same-day |
| AUD - Australian Dollar | Same-day |
| CAD - Canadian Dollar | Same-day |
Get today's rate on WhatsApp instantly
Send 'Mogappair rate' to +91 93811 11767. We reply during branch hours.
Why Mogappair families choose Scope Forex
Many families in Mogappair send students abroad for higher studies. Our branch on Poonamallee High Road is an RBI-licensed Full Fledged Money Changer serving Mogappair East and Mogappair West. The drive is two kilometres, about five minutes door to door.
Demand peaks twice a year. The August Fall intake brings tuition remittances, SEVIS fee payments, and pre-departure forex purchases between June and early August. The January Spring intake repeats the same pattern between October and December. Outside these windows, our regular Mogappair customers include working professionals, families taking annual overseas vacations, and NRIs with homes in the area.
What we handle for Mogappair customers
- ✓Buy and sell over 40 foreign currencies, including USD, EUR, GBP, CAD, AUD, AED, SAR, and SGD held in walk-in stock
- ✓University tuition remittance under the Liberalised Remittance Scheme, with Form A2, the I-20 or admission letter verified, and the SWIFT instruction dispatched the same working day, with funds typically crediting in 1 to 2 business days
- ✓Multi-currency prepaid forex card issued in about 30 minutes after KYC, with the day's rate locked across every loaded currency
- ✓Western Union and MoneyGram inward remittance, with payout in Indian Rupees typically completed in under 10 minutes
- ✓Combined cash and card splits for Schengen, USA, UK, Australia, and Gulf travel, all in one visit
Mogappair vs your bank: the actual numbers
On a typical 15 lakh rupee semester tuition payment to a US university, here is what changes when you route through us instead of a retail bank in Mogappair.
| Route | How the price is set | Processing time |
|---|---|---|
| Retail bank | Bank treasury pricing, with the FX margin and charges built into the final figure | 2 to 4 working days |
| Scope Forex (RBI FFMC) | Wholesale-linked rate and charges quoted upfront, confirmed on WhatsApp | Same banking day |
Multiplied across four to six semesters of a degree, whatever difference you find between two quotes repeats with every remittance, which is why it is worth running the comparison once before the first payment. Education tuition paid through a specified-institution loan attracts zero TCS regardless of amount; self-funded education tuition is exempt up to Rs. 10 lakh per financial year, with 2 percent TCS on the portion above that threshold for education from own funds, and NIL for loan-funded education (claimable when filing your ITR).
Want a personalised quote and TCS estimate?
WhatsApp your university name, tuition amount, and intended remittance date. We will reply with a written quote and a slot proposal.
What to bring for university tuition or SEVIS payment
Walk in with these documents and we complete the full LRS workflow at the counter in a single visit, no resubmissions and no documentation rejection.
Student passport, original plus a clear photocopy of the data page
I-20 (USA), CAS letter (UK), CoE (Australia), Letter of Acceptance (Canada), or admission letter with fee invoice for other destinations
Parent or sponsor PAN card
Source-of-funds proof: recent salary slips, FD liquidation receipt, mutual fund redemption statement, gift declaration, or sanction letter for an education loan
University SWIFT wire instructions or fee-portal payment page
Form A2 will be filled at our counter, no need to bring a pre-filled copy
Driving from Mogappair: the route in four steps
Head out of Mogappair toward Poonamallee High Road.
Join Poonamallee High Road and continue toward Nerkundram.
Continue along Poonamallee High Road into the Nerkundram stretch.
Branch is on the southern side of the road. Look for the Titan World showroom; we are directly opposite Canara Bank.
Free parking: ground-floor parking at the entrance, recommended for high-value cash trips so you step from car to counter without street exposure.
Ola or Uber: set the drop pin to 'Titan World, Poonamallee High Road, Nerkundram'. The driver does not need the door number.
Two-wheeler: dedicated bike parking adjacent to car parking; useful during peak-hour traffic.
Also serving West Chennai
Visit Scope Forex Pvt Ltd
Address: Door No. 91, Near Titan World, Opposite Canara Bank, Poonamallee High Road, Nerkundram, Chennai 600107
Hours: Mon to Sat 10:00 AM to 7:30 PM | Sun 10:00 AM to 1:30 PM
Licence: RBI-authorised Full Fledged Money Changer (FFMC)
Map: Search 'Scope Forex Pvt Ltd' on Google Maps