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Dawn Investments Limited, started its journey as Non Banking Finance Company(non depository) in the year of 1943, and it is the oldest NBFC in kolkata. The company had decided to get into the field of foreign exchange business and accordingly, got the license of Full Fledged Money Changer in the year of 2019, from Reserve Bank Of India.
The company is doing the all forex exercise satisfactorily with a well experienced Team, following the rules and regulation under the "Anti Money Laundering guidelines" of Govt. Of India.
Exchange Partner
Exchange Partner
Exchange Partner
Exchange Partner
We, Dawn Investments Limited are dealing with all major currencies like USD, GBP, EUR, AUD, JPY, THB, SGD, AED, SAR, CAD etc.
With the advent of internet and further updates in webspace, many old practices are becoming obsolete. Foreign currency exchange as a business cannot stay away from these market trends.
These days whether you are off to holidays or off to a business trip, one of the most essential parts of your trip is managing foreign exchange.
In case anyone plans to visit multiple countries, then it only makes sense to opt for a forex travel card as it eliminates the hassle of carrying separate foreign currency of each country.
Online money transfers are on the rise today. Owing to globalization and digitization, people are getting global exposure along with various opportunities to study and work abroad. What’s constant is the requirement of foreign exchange. However, the ways you can obtain foreign currency has progressed and has become simpler than ever before.
If you want to send money abroad or remit money to India, then you have arrived at the right destination.
Fill In your Travel Itinerary on our website along with the details on the kind of Insurance you’re looking to purchase for your trip like Loss of Baggage, Loss of Travel Documents, Flight Cancellations etcetera and here you will get connected to the desired option from our partners.
Under the LRS scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2, 50,000 per financial year for any permissible current or capital account transaction or a combination of both. Individuals can avail of foreign exchange facility for the above purposes within the limit of USD 2, 50,000 only.
Download PDF hereAccording to the official order, FEMA would “consolidate and amend the law relating to foreign exchange (forex) with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
Download PDF hereForeign exchange can be purchased from any authorised person, such as an AD Category-I bank and AD Category II. Full-Fledged Money Changers (FFMCs) are also permitted to release exchange for business and private visits.
Travellers going to all countries other than (a) and (b) below are allowed to purchase foreign currency notes / coins only up to USD 3000 per visit. Balance amount can be carried in the form of store value cards, travellers cheque or banker’s draft. Exceptions to this are (a) travellers proceeding to Iraq and Libya who can draw foreign exchange in the form of foreign currency notes and coins not exceeding USD 5000 or its equivalent per visit; (b) travellers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States who can draw entire foreign exchange (up-to USD 250,000) in the form of foreign currency notes or coins.
For travellers proceeding for Haj/ Umrah pilgrimage, full amount of entitlement (USD 250,000) in cash or up to the cash limit as specified by the Haj Committee of India, may be released by the ADs and FFMCs.
A resident of India, who has gone out of India on a temporary visit may bring into India at the time of his return from any place outside India (other than Nepal and Bhutan), currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000. A person may bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India notes, in denomination not exceeding Rs.100. Any person resident outside India, not being a citizen of Pakistan and Bangladesh and also not a traveller coming from and going to Pakistan and Bangladesh, and visiting India may bring into India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 while entering only through an airport.
A person coming into India from abroad can bring with him foreign exchange without any limit. However, if the aggregate value of the foreign exchange in the form of currency notes, bank notes or travellers cheques brought in exceeds USD 10,000 or its equivalent and/or the value of foreign currency alone exceeds USD 5,000 or its equivalent, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.
Foreign exchange for travel abroad can be purchased from an authorized person against rupee payment in cash below Rs.50,000/-. However, if the sale of foreign exchange is for the amount equivalent to Rs 50,000/- and above, the entire payment should be made by way of a crossed cheque/ banker’s cheque/ pay order/ demand draft/ debit card / credit card / prepaid card only.
On return from a foreign trip, travellers are required to surrender unspent foreign exchange held in the form of currency notes and travellers cheques within 180 days of return. However, they are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or TCs for future use or credit to their Resident Foreign Currency (Domestic) [RFC (Domestic)] Accounts.
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