At SOTC, we offer our customers multiple options when it comes to buying foreign exchange. Our wide range of forex products caters to the foreign exchange requirements for every customer, including leisure travellers and business travellers.
What is Foreign Exchange?
In simple terms, foreign exchange is the conversion of a particular’s country’s currency into another.
Which foreign currencies are available with SOTC?
SOTC offers you to buy and sell various currencies in the world including Dollar, Thai Baht, UAE Dirham, US Dollar, Pound, Euro, Swiss Franc and more.
Can I buy forex online from SOTC for my trip?
Yes, you can buy forex online from SOTC. All you have to do is enter the currency details and the make the payment to buy forex.
How do I Keep track of the foreign exchange rates?
You can easily keep track of the foreign exchange rates on SOTC website.
What documents do I have to submit to buy forex for a trip from SOTC?
• Valid Passport
• Basic Travel Quota Form (BTQF)
• Airline Ticket or Visa
• Pan Card
In which form can I buy the foreign exchange?
You can buy foreign exchange in any form, whether, cash or currency and even traveler’s cheques.
Can I buy Foreign Exchange at the airport?
If you are willing to pay around 8 to 9 perfect higher rates, including commissions and service charges, and then you can buy foreign exchange at the airport.
How many days in advance can I make a purchase of foreign exchange?
According to RBI, you can buy foreign exchange or forex up to a maximum of 60 days before you travel.
Can I keep the unspent foreign exchange with me upon my return to India?
You can keep the foreign exchange worth up to USD 2000 in the form of a traveler’s cheque or foreign currency notes for future use. However, anything more than this should be given within 180 days of your return to India.