Reddy Forex Private Limited. We specialize in providing the Money Exchange Services are Fast.

Shop No 105,Challa Mall,17,Thyagaraya Road, TNagar Chennai,Tamil Nadu 600017.(Opposite Globus)

+91 99414 56261 +91 95516 99221

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Frequently Asked Question

Reddy Forex pvt ltd., is one of the leading money changer in Chennai. Our company was approved by RBI to carry out Foreign Exchange transactions. We value our clients as business partners. We are dedicated to providing the highest quality of service to them.

We at Reddy Forex make every effort for customer satisfaction at all levels. Our team consists of experienced members to provide execellent service and solution for your foreign exchange needs.

We are dealing with all kind of Foreign Exchange products like Currencies, Traveller’s Cheque, Travel Money Card, Wire Transfer (TT), DD,etc.Our motto is to provide competitive rates and service to all our customers.

What is Forex?

Foreign exchange, or forex, is the conversion of home currency into foreign currency. It is also mean changing of one currency to another currency. Since we are in India INR is home currency and any other country currency is foreign currency.

What is the legal limit of currency can one person Carry from India?

The legal limit to carry cash currency in from India is 2,50,000/- USD or its equivalent in one calendar year. The legal limit to carry cash currency from India is USD 3000 or its equivalent of any country currency per person per trip.

What is Multicurrency Travel card / Forex card?

A Multi-currency Travel Card/Forex card is a prepaid card in which you can load multiple currencies in one single card. The validity period of the card is 3 years (*subject to the card that has been issued). The card is not valid in India, Nepal & Bhutan..

How much foreign currency Can be bought by using cash payment?

One can buy forex upto 49,999/- INR through cash payment and amount higher than Rs 50000/- will have to be through an by Crossed Cheque, Bank transfer (RTGS/NEFT), Demand Draft.

What are the Mode of payments?

As per RBI rules, cash transactions are limited upto INR 49,999/- Amounts higher than 50,000 need to be paid Cheque, Demand Draft(DD), Bank transfer (RTGS/NEFT).

Can we en-cash the excess currency on the Mutli Currency Travel card (MCTC)?

Yes, you can en-cash the currency purchased through us, the rates are subjected to the market rate on that particular day of exchange.

Can I load Multiple Currencies in a Travel Card?

Yes you can load 15 currencies in your Mutli Currency Travel card.

FAQ