We can receive cash up to Rs: 49,999/- from the traveler per passport.
Above Rs 50,000/- transaction payment mode should be CHEQUE, NEFT, RTGS, OR IMPS.
Payment should be received from a traveler or traveler blood relationship.
Oasis Forex Pvt. Ltd. is one of the leading foreign exchange dealers in Chennai. We are authorized by the Reserve Bank of India as FFMC (Full Fledged Money Changer). We offer the best rates for all currencies and Forex card remittance in Chennai. We provide services at your doorstep without any service charges.
We aim to provide our clients with outstanding personalized service and value for their money, from the smallest cash transaction to large corporate transfers.
Our standards and values are core to our professional and dedicated team. We recognize that immediate access to a friendly, competent service partner who understands your foreign currency needs and objectives is a unique point of difference. The requirements of our clients always come first. We, at OASIS Foreign Exchange, have been providing our clients with impeccable services and discount rates by leveraging our high volume of trading within the market.
Individual customers (Indian residents) buying Forex for a Private trip
Passport/PAN/Aadhar/visa/ticket with return
Our Company Oasis Forex Private Limited is partnered with Various Authorized Dealers II and banks for sending Money abroad under Liberalized Remittance Scheme. Banks may now allow remittances up to USD 250,000 per financial year, under the Scheme, for any permitted current or capital account transaction or a combination of both. All Resident individuals are eligible to avail of the facility under the scheme. RBI has also brought the following purposes mentioned in Schedule III under the umbrella of LRS:
Want to Sell Foreign Currency left with You? Back home after your foreign trip and have foreign currency left with you? Now you can exchange it to Indian rupee through Oasis Forex.
OASIS Forex offers a wide range of services including currency exchange, prepaid forex cards, outward money transfer, and forex card remittance. We cater to individual customers for personal travel needs as well as provide services for corporate clients. We offer competitive exchange rates and ensure a hassle-free experience with services such as home delivery at no extra charge.
As per regulations, individuals can buy foreign exchange up to USD 250,000 annually for purposes such as private travel. For currency cash, the limit is USD 3000, with the remainder available in the form of a prepaid forex card. Cash transactions are limited to INR 49,999 per transaction, and amounts above this must be paid via cheque, NEFT, RTGS, or IMPS.
Yes, OASIS Forex allows customers to sell their leftover foreign currency. For Indian residents, the maximum limit for encashment is USD 3000 (equivalent INR 49,999 in cash), and for NRIs or foreign nationals, it is USD 3000 in cash. Larger amounts must be paid via cheque. A Currency Declaration Form (CDF) is required for transactions exceeding USD 5000 in currency or USD 10,000 in total foreign exchange.
Prepaid forex cards, powered by Visa/Mastercard, are a secure and convenient option for travelers. They are safer than carrying cash and allow easy withdrawals from ATMs worldwide. These cards are accepted at most global merchants, can be reloaded, and come with customizable spending limits. They also offer competitive exchange rates compared to currency notes.
OASIS Forex offers outward money transfer services under the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India. You can send up to USD 250,000 per financial year for purposes such as private visits, studies abroad, gifts, emigration, or maintenance of close relatives abroad. All transactions are processed with the assistance of authorized dealers and banks for a seamless experience.