Knowledge Center

Stay informed with the latest forex regulations, travel guides, and expert insights

Your Guide to Foreign Exchange

Everything you need to know about forex, regulations, and travel requirements

Welcome to the Best Deal Forex Knowledge Center - your comprehensive resource for understanding foreign exchange regulations, travel requirements, and industry best practices.

As an RBI-authorised Full-Fledged Money Changer, we believe in keeping our customers informed about the latest regulatory updates, market trends, and practical guides to make their international transactions seamless and compliant.

Whether you're a first-time traveler, a student planning to study abroad, or a business professional dealing with international payments, our knowledge base provides valuable insights to help you make informed decisions.

Stay updated with regulatory changes, understand your rights and obligations, and discover tips to get the best value from your forex transactions.

Available Information

Essential knowledge for individuals and businesses

For Individuals - Leisure Travel

Buying Forex for Tourism & Private Travel (Indian Residents / Foreigners Permanently Residing in India)

✅ Permissible Limits

  • Under the Liberalised Remittance Scheme (LRS): Foreign exchange up to US$ 250,000 per financial year is permissible for multiple purposes, including tourism or private travel (except to Nepal and Bhutan).
  • Cash Payment: Customers can pay in Indian Rupees (INR) up to ₹50,000 per transaction when purchasing forex.
  • Currency Notes/Coins: Travellers may purchase and carry up to US$ 3,000 (or equivalent) in currency notes/coins. Any amount above this limit must be carried in the form of a Prepaid Forex Card.

📄 Required Documents

  • Valid Passport
  • PAN Card
  • Address Proof (Telephone Bill, Bank Statement, Electricity Bill, Ration Card, Letter from Employer)
  • Confirmed Air Ticket
  • Valid Visa (if applicable)
  • Form A2 (to be signed by the applicant)

For Business Customers

✅ Eligible Business Travel

  • International conferences
  • Training programs
  • Study tours
  • Official business visits

📈 Permissible Limits

  • Up to US$ 250,000 per financial year (including all availments under LRS)
  • Foreign currency notes/coins up to US$ 3,000 (or equivalent)
  • Balance amount in Prepaid Forex Card

📄 Required Documents

  • Valid Passport of the traveller
  • Memorandum of Association (MOA) of the company
  • Company PAN Card
  • Company Registration Documents
  • Authorization Letter from MD/CFO with details of authorised signatories
  • Foreign Currency Request Letter signed by an authorised person from the company

Forms Download

Download essential forms and documents for forex transactions

Individual Forms

📄 Form A2 (LRS FFMC) 📝 Self Declaration Form 🔄 TCIL Reload & Refund

Business Forms

🏛️ Company Authority Letter 🤝 Partnership Authority Letter 📨 LERMS Letter Format

Official Documents

🏆 BDFX License (Original) ✈️ Thomas Cook Application

📞 Need Assistance with Forms?

Our team is here to help you fill out these forms correctly and guide you through the documentation process.

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Knowledge Resources

Access RBI regulations, frequently asked questions, and expert guidance

RBI Circulars & Guidelines

Access the latest Reserve Bank of India circulars, master directions, and regulatory updates affecting foreign exchange transactions.

Frequently Asked Questions

Find answers to common questions about forex transactions, FEMA regulations, and compliance requirements.

Need Personalized Assistance?

Our expert team is ready to answer your specific questions and provide personalized guidance for your forex requirements.

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+91 9676321959 / +91 9346758273

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Quick Reference

Essential information at a glance

LRS Limit

USD 250,000

Per financial year under Liberalised Remittance Scheme

Cash Limit

USD 3,000

Maximum foreign currency notes/coins you can carry

Cash Payment

₹50,000

Maximum INR cash payment per forex transaction