PAN card made mandatory for Travel Card issuance (other than

Posted Date:-21-Mar-2017

Please note effective immediately PAN Card has been made mandatory for issuing Forex Cards to all Customers except where the card funding is being done under Business Purpose Code and funded by Corporate with relevant documentation in place.

 

Necessary controls have been put in place in Prepaid Cards System to ensure adherence to above requirement such that users will not be allowed to submit a card issuance without entering PAN Card. 
 

Reason for you to buy a Forex card

Posted Date:-22-Feb-2017


Zero Margin Offer

With Doorstepforex.com's 'ZERO MARGIN OFFER' Forex Card can be loaded at Inter-bank rates/Mid Market rates.

Convenient & Economical

Multiple currencies can be loaded on one single card. Saves Cross Currency Conversion Charges as the currency for the destination country can be used to pay when travelling to different countries.

Easy Reloading

Reload as and when you need more money. Just Place the reload order on our site, make the payment and the card gets reloaded in 4 working hours.

Availability

Off the shelf, gets delivered in 6 working hours after the order is received. The customer care is available 24 hrs for any support.

Zero Lost Card Liability

Zero Lost Card Liability upto Rs. 3 Lacs or the balance in the card, whichever is lower.

Fast & Safe

Forex card is extremely safe to use for online shopping. Also, Check your forex card balance online from anywhere and at anytime

No Extra Charge

Zero charge for using the card at Shopping outlets, restaurants or any other Merchants; Chip and Pin Based security also ensures complete security of the transaction.

Free Withdrawals

3 Free ATM Withdrawals only on purchasing the card through Doorstepforex.com

Easy refund

Easy and free conversion of any unspent forex left in the card back into Indian Rupees

Card Back Up

Backup or replacement card provided with the Primary card for any unforeseen circumstance such as theft or loss of card.

 

What is the Liberalised Remittance Scheme (LRS) of USD 2,50,000 ?

Posted Date:-20-Feb-2017

Ans. Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. Further, resident individuals can avail of foreign exchange facility for the purposes mentioned in Para 1 of Schedule III of FEM (CAT) Amendment Rules 2015, dated May 26, 2015, within the limit of USD 2,50,000 only.

The Scheme was introduced on February 4, 2004, with a limit of USD 25,000. The LRS limit has been revised in stages consistent with prevailing macro and micro economic conditions.

In case of remitter being a minor, the LRS declaration form must be countersigned by the minor’s natural guardian. The Scheme is not available to corporates, partnership firms, HUF, Trusts etc.

As per the RBI regulations the limit of availing the foreign exchange is 25000$ per trip for business traveller.

Posted Date:-15-Jul-2015

 

 

As per the RBI regulations the limit of availing the foreign exchange is 10000$ p.a. for leisure traveller.

Posted Date:-14-Jul-2015

Providing fifteen currencies in card

Posted Date:-25-Jun-2015