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Forex Hub

Forex cards, rates & RBI updates — in one place

Everything money-related for your trip: forex card comparison, live rates, currency trends, and the RBI/LRS rules that affect how much you can send abroad. Planning the trip itself? Head to Travel.

Quick Access

ATM Locators

VISA

Visa Global ATM Locator

Search ATMs worldwide that accept Visa cards, wherever you're headed.

Open Visa ATM Locator →
MC

Mastercard ATM Locator

Find the nearest ATM that accepts Mastercard/Cirrus/Maestro cards abroad.

Open Mastercard ATM Locator →
New to International Travel?

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Forex Cards

Compare 12 forex cards before you load one

Currency Trends

How your currency is moving

Rates shown are indicative mid-market rates for reference. Your bank or forex dealer's buy/sell rate will include a margin — check Live Exchange Rates or the Forex Calculator for a closer estimate.
Foreign Currency Buying Guide

Country-wise currency reference

1. Decide the mix

Split your budget across a forex card (bulk of spend), some local cash (first 24–48 hrs), and a backup credit card.

2. Compare dealer rates

Bank branches, authorised forex dealers, and airport counters all quote different rates — airport counters are usually the most expensive.

3. Complete KYC

PAN card and passport are typically required for forex purchases above the RBI-specified threshold.

CountryCurrencyCodeSymbolCard AcceptanceUPIATM
Country-wise Payment Methods

How people actually pay, by country

CountryPopular MethodsCard UsageMobile WalletsUPICash UsageContactless
Comparison

Cash vs Forex Card vs Credit Card

FactorCashForex CardCredit Card
Exchange RateSet at purchase — can drift from market rateLocked in at load time — protects against later swingsReal-time card network rate, plus markup
Markup ChargesOften highest, especially at airport countersLow — a small dealer margin at loadingTypically 3–3.5% cross-currency markup
ATM ChargesN/AFree or low up to a monthly limit, then a flat feeCash advance fee + interest from day one
SecurityNo recourse if lost or stolenPIN-protected, app lock/freeze, zero-liability on reportPIN/OTP protected, strong fraud protection
Ease of UseUniversally usable, no tech neededWorks like a debit card, widely acceptedVery easy, accepted almost everywhere cards are taken
AcceptanceUniversal, but not always ideal to carry large sumsWide, occasional gaps in very small/rural merchantsVery wide, strongest of the three
Reload OptionN/A — buy againReload online/app in minutesN/A — it's a credit line
RewardsNoneRare — occasional card-specific perksOften strong — points, miles, lounge access
Best ForSmall daily spends, tips, marketsBulk of your travel budgetBig-ticket purchases, hotel deposits, emergencies
RBI & LRS Updates

GST, TCS, LRS & compliance — what actually applies

1. GST on Forex Transactions in India

Forex conversion services attract GST on the "value of supply" — calculated on a slab basis for currency exchange (a small percentage of transaction value, banded by amount), not on the full transacted sum. Airlines, banks and forex dealers pass this through in their quoted rates.

2. Latest TCS Rules for Forex Transactions

Tax Collected at Source applies on LRS remittances and overseas tour packages. Rates and thresholds are set by the Finance Ministry and revised periodically — always confirm the current slab with your bank's authorised dealer desk before remitting.

3. Purpose-wise TCS Rates

TCS differs by remittance purpose: education funded by a specified financial institution's loan typically gets the most favourable (often nil-up-to-threshold) treatment; medical treatment has its own threshold and rate; general LRS remittances (investments, gifting, overseas travel/tour packages) are taxed on a different slab. The exact numbers change with each Finance Act — treat any number you see online (including here) as indicative until confirmed with your bank.

4. RBI Liberalised Remittance Scheme (LRS)

LRS lets resident individuals remit up to USD 250,000 per financial year abroad for permitted current and capital account transactions.

RBI Press Releases →

5. LRS Purpose Categories

Common permitted purposes: overseas education, employment abroad, emigration, medical treatment, business trips, gifts/donations, maintenance of close relatives abroad, and investment in shares/property/deposits overseas.

6. LRS Limits

USD 250,000 per resident individual per financial year, cumulative across all permitted purposes and all authorised dealer banks combined — not per transaction or per bank.

7. Compliance Requirements

Form A2 declaration, purpose-code selection, PAN mandatory, and supporting documents specific to the purpose (admission letter for education, medical estimate for treatment, etc.). Banks conduct their own KYC/due-diligence checks per RBI's Master Direction on LRS.

Quick access

This is general information, not tax or legal advice. GST/TCS rates, LRS limits and RBI compliance rules are revised periodically by the government — confirm current figures with your bank or a qualified advisor before remitting.
Forex News

Latest updates

RBI Notifications

Circulars on LRS, TCS and forex regulation are published on RBI's official site — check before large remittances.

View RBI notifications →

Exchange Rate News

Track live INR movement against major currencies.

View live rates →

Forex Market Insights

This section can be wired to a live financial news/RSS feed once the site is deployed, for daily market commentary.

Forex FAQs

Common questions

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