We have pleasure to inform all that our bank had received permission from Reserve Bank of India to undertake Foreign Exchange Business and activities permitted by Reserve Bank of India as applicable to Authorized Dealers under Category –II.

We can undertake purchase / sale of foreign exchange for certain non-trade account transactions such as:-

  • Private Visits
  • Remittance by tour operators / travel agents to overseas agent / principals / hotels
  • Business Travels
  • Fee for participation in global conferences and specialized training i.e. remittance for participation in international events / competitions (towards traininig, sponsorship and prize money)
  • Flim Shooting
  • Medical Treatment Abroad
  • Disbursement of crew wages
  • Overseas Education
  • Remittance under educational tie up arrangements with Universities abroad
  • Remittance towards fees for examinations held in India and abroad and additional score sheets for GRE, TOEFL etc.,
  • Employment and processing, assessment fees for overseas job applications
  • Emigration and emigration consultation fees
  • Skills and credential assessment fees for intending migrants
  • Visa Fees
  • Processing fees for registration of documents as required by the Portugal / other Governments
  • Registration / Subscription / Membership fees to international Organizations

The above services are being offered with low commission rates

AML & KYC norms are applicable to the sale and purchase of foreign currency.