RBI-licensed money changer 5 km east on the same Poonamallee High Road you commute on every day. One road, no detours, wholesale-linked rates locked at the counter.
Today's rates for Poonamallee customers
Lock the rate on WhatsApp before you leave home, then drive straight in.
| Currency | Save vs Bank |
|---|---|
| USD - US Dollar | Up to 2.5% |
| EUR - Euro | Up to 2.8% |
| GBP - Pound Sterling | Up to 2.7% |
| AED - UAE Dirham | Up to 2.2% |
| SAR - Saudi Riyal | Up to 2.4% |
| SGD - Singapore Dollar | Up to 2.5% |
| AUD - Australian Dollar | Up to 2.6% |
| CAD - Canadian Dollar | Up to 2.6% |
Sending tuition fees before a deadline?
WhatsApp 'Poonamallee tuition' to +91 93811 11767. We will pre-prepare your A2 paperwork while you drive in.
Why Poonamallee residents drive five kilometres for forex
Poonamallee is a historic suburban township at the western edge of Chennai's metropolitan limit, along the Chennai-Bangalore arterial corridor (NH48, formerly NH4). Once a quiet outer suburb, Poonamallee has matured over the past decade into a major residential and commercial node, with extensive new apartment development, the long-established Poonamallee bus terminus area, the broader Avadi-Poonamallee belt's institutional and educational footprint, and a steady commercial spine running along Trunk Road and Bangalore High Road.
Poonamallee residents are an interesting mix of long-settled Tamil families, government-service households linked to the cantonment areas of Avadi, and a fast-growing population of IT and corporate professionals who moved here for affordability while continuing to commute east into the city. Two demand patterns dominate forex: outbound business and leisure travel by professionals and dual-income families, and overseas education remittances for children studying in the United States, Canada, Australia, and the United Kingdom. Many Poonamallee residents also travel periodically to the Gulf and Singapore for work and family visits.
What we handle for Poonamallee customers
- ✓LRS outward remittance for university tuition, with same-day SWIFT dispatch
- ✓Multi-currency forex cards locking the day's rate across all loaded currencies
- ✓Cash and card splits for Schengen, USA, UK, Australia, and Gulf travel
- ✓Western Union and MoneyGram inward remittance pickup for cantonment-linked families with overseas relatives
- ✓Sale of unspent foreign currency from recent trips at the day's buying rate
One road. No detours. Rate locked at the counter.
Poonamallee residents who want competitive wholesale-linked rates and full LRS handling have historically driven into Anna Nagar or central Chennai. We offer a much shorter, more direct alternative: a five-kilometre eastbound drive along Poonamallee High Road, the very corridor most Poonamallee residents already use for their daily commute.
| Route | Markup over interbank | Approx. cost on Rs. 12 lakh tuition | Processing time |
|---|---|---|---|
| Retail bank | 1.5% to 3.0% plus GST | Rs. 18,000 to Rs. 36,000 markup | 2 to 4 working days |
| Scope Forex (RBI FFMC) | Wholesale spread | Typically Rs. 12,000 to Rs. 25,000 cheaper | Same banking day |
If you commute on Poonamallee High Road for work, swing in on the way; the office is on the southern side of the road on your eastbound route. Park, transact, drive on. No special trip required.
What to bring for an outward tuition remittance
Student passport, original plus a clear photocopy
Admission letter or fee invoice: I-20 (USA), CAS (UK), CoE (Australia), Letter of Acceptance (Canada)
Parent or sponsor PAN card
Source-of-funds proof: salary slips, FD liquidation, mutual fund redemption, gift declaration, or education-loan sanction letter
University SWIFT wire instructions
Form A2 will be filled at our counter
Driving from Poonamallee: the simplest route in our entire catchment
Exit Poonamallee onto Poonamallee High Road heading east toward the city.
Stay on this single road for approximately five kilometres.
You will pass through the Kattupakkam and Iyyappanthangal area, then the Maduravoyal flyover area.
Shortly after the Maduravoyal junction you arrive at the Nerkundram stretch. Branch is on the southern side, opposite Canara Bank, near Titan World.
Drive time: 12 to 22 minutes off-peak; longer during morning peak hours.
Parking: free ground-floor parking at the entrance.
Cab pin: 'Scope Forex on Poonamallee High Road, near Titan World, opposite Canara Bank'. Most drivers familiar with the corridor need no further direction.
Also serving West Chennai
Visit Scope Forex Pvt Ltd
Address: Door No. 91, Shop No. 14 & 14A, Poonamallee High Road, Nerkundram, Chennai 600107
Landmark: Near Titan World showroom, opposite Canara Bank
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