Money Exchange in Velachery

Your passport, always, it is required for any foreign-currency transaction. PAN for the larger amounts, and an employer letter for business travel forex where it applies. Confirm the rate on WhatsApp, it holds for 60 minutes. Count it once with us and once yourself, a small habit that saves trouble.

Yes, we do buy-back. WhatsApp us the currency and rough amount, we confirm the number, valid 60 minutes, and bring your passport. We keep more than 40 currencies, so most of what you carry back from a trip, we can look at.

Yes. Each working professional can independently transact with us on their own passport and BTQ-approval letter from their respective employer. Walk in with your individual documentation; we issue separate cash plus multi-currency forex card components for each spouse, with independent BTQ-grade documentation suitable for each employer's finance-team reimbursement. Each transaction lands on the respective individual's PAN and LRS counter, with separate Form A2 declarations.

Yes. Each adult resident has an independent annual LRS limit of USD 250,000 and an independent Rs. 10 lakh TCS-exempt threshold. Where more than one parent remits, each person's remittance is documented separately against their own PAN, LRS limit, and source-of-funds, and we compute any applicable TCS correctly at the counter. Walk in with each remitter's PAN, your son's documentation, the university wire instructions, and individual source-of-funds documents.

Scope Forex on Poonamallee High Road in Nerkundram is an RBI-licensed FFMC serving Velachery equipped for same-day multi-currency forex card issuance. Walk in with your passport, your visa for the destination if already issued, air ticket for amounts above Rs 50,000, and BTQ-approval letter from your employer; the issuance is typically completed in a single visit lasting under 30 minutes.

For joint leisure travel, the simplest setup is one card per traveller, each loaded for that traveller's typical spend. Joint cards do exist for some products, but the per-traveller card is more common because (a) it preserves the per-PAN LRS counter cleanly, (b) it eliminates ambiguity on cash limits per traveller, and (c) lost-card situations don't paralyse both spouses. We will explain the trade-offs at the counter.

TCS thresholds and rates apply per PAN independently. If you cross Rs. 10 lakh on your PAN and your spouse crosses Rs. 10 lakh on theirs, each of you faces TCS on the excess (2 percent for education from own funds or medical, 20 percent for travel and other purposes). Both TCS amounts are individually claimable as tax credits on each individual's ITR. We document each transaction with the correct purpose code and TCS computation.

Forex card top-ups for our existing cardholders typically complete in 10 to 15 minutes once you arrive at the counter. The drive from Velachery is 45 to 75 minutes depending on traffic, so a weekend round trip works if planned during off-peak windows. Saturdays are popular among Velachery customers because Inner Ring Road traffic is lighter on weekends. WhatsApp the requirement before you leave home; we will keep your inventory ready.

Yes. The SEVIS I-901 fee is currently USD 350 for F-1 visa applicants, paid online at fmjfee.com using a forex card. We issue a USD-loaded multi-currency forex card with at least USD 360 (allowing a small payment-processing buffer) for SEVIS, plus the application-fee budget for the universities your daughter is applying to. Walk in with her passport and admission documentation; the typical first-time bundle is completed in 60 to 90 minutes including documentation.

Forex card top-ups by anyone other than the cardholder are restricted by KYC norms. The cleanest workflow is to plan the initial loading conservatively and visit the branch for a top-up before departure or during a brief trip back to India. For genuine emergencies during a project, WhatsApp us with the situation and we will explain what is feasible without compromising RBI compliance.