About Us

Welcome to Synergy forex

Synergy Forex is RBI authorized Full Fledged Money Changer established in 2013 with the aim to provide best services to its valuable customers in their foreign exchange needs. The services include Foreign Exchange, Outward remittances, travel insurance and car rental. Synergy Forex is been appreciated and acknowledged by its customers for maintaining best service standards and assured quality. Started with 2 branches in Delhi and NCR, Synergy is now planning to expand its wings in all major cities in the country.

We have hired a team of experienced and well trained professionals who are focused for optimum quality service. Our team of quality controllers maintains the best standards of compliance as described by the regulator.

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RBI Guidelines

Individual Customer (Buy)

Foreign exchange up to US$ 250,000 is permissible in a financial year for multiple purposes including tourism or private travel to any country other than Nepal and Bhutan on the basis of self-certification under LRS. The availability of limit is considered by combining availment of foreign exchange under different purposes.

For purchasing, currency cash is acceptable only upto Rs. 50,000 per transaction. All purchases within 30 days shall be treated as single transaction.

Travelers are allowed to purchase foreign currency notes/coins only up to US$ 3000. Balance amount can be taken in the form of Prepaid Forex card.

Documents to be submitted : Passport, Address proof, Copy of Ticket, Visa if applicable, Self declaration cum undertaking form.

Business Customer (Buy)

Visits for international conference, trainings, study tour, etc. are treated as business visits.

Business customers can purchase US$250,000 for a year combined with other availment under LRS to any country other than Nepal and Bhutan.

Travellers are allowed to purchase foreign currency notes/coins only up to US$ 3000. Balance amount can be taken in the form of Prepaid Forex card.

Documents to be submitted : Passport, Memorandum of Association (MOA), Company Pan Card, Company Registration documents, Letter from MD/CFO giving details of authorized signatories., Foreign Currency request letter signed by authorized person from the company

Individual Customer (Sell)

To Resident customers, payment in cash in Indian Rupees may be made to the extent only US$ 1000 or its equivalent per transaction. Rest of the payment will be made by way of 'Account Payee' cheque /demand draft only.

All purchases within 30 days are treated as single transaction for the above purpose.

To Non-Resident Indians and foreigners, payment in cash can be acceded to the extent of only US$ 5000 INR equivalent (per month).

Documents to be submitted : Currency Declaration Form has to be submitted for currency above USD 5,000/- or Currency and Tc together USD 10,000, Photo Id such as: Passport (with Visa for NRIs)/ Voters ID/ Election card/ driving license/ Pan card (along with address proof like utility bills) etc., Address proof such as: Telephone bill, bank account statement, letter from recognized public authority, electricity bill, ration card, Letter from employer

Company Profile

SYNERGY FOREX PRIVATE LIMITED was incorporated under the provisions of companies Act 1956 on dated 25th Sep 2013 with a objective of running Money Changing business. We are authorised by RBI as full fledge money changer with unified licence .

Directors

Mrs Reema Duggal

An entrepreneur having a MBA degree with a business experience of more than 11 years

Mrs Shweta Duggal

A graduate in B.Pharmacy with a business experience of more than 6 years

Mr Rajesh Chandok

A post graduate in commerce with a MBA degree in Customer Relationship Management, having a vast experience of 20 years in Money Changing and Money Transfer Activities along with a deep knowledge of all the policies and procedure relating to Money Changing Business and his sense of business acumen.

We are at Synergy forex also have its travel vertical under the Name of Travel Pind.

Company Vision

Synergy is a professionally managed company providing services. The company has at all times been a firm believer of strong moral and ethics, leading to the long journey of unparalleled stature. Dedicated to delight & cherish the relation of its customer, Synergy believes in going out of the way to serve its valued customer. Synergy has young, energetic and courteous staff at service, available to serve you with best of services, making Synergy a reason to smile for its customers.

Mission

Profitable growth through superior customer service, innovation, quality and commitment in diversified financial services

Vision

To be recognized as the most reputed and customer friendly FX and financial service provider

Our Service

We offer various services in the field of foreign exchange and remittance

Outward Remittance

Synergy Forex offers a host of Outward Remittance facilities to enable you to remit money abroad in a quick and secure way. Our extensive network gives you a reach to most parts of the world. Now you can send money abroad for multiple reasons like education, medical purpose, family maintenance, emigration and visa fees.

The products available for Outward Money Transfers are:

Wire Transfer:

Synergy Forex offers Outward Remittance through Wire Transfer, a highly secure and efficient method to remit money abroad. We have arrangements with over 200 major banks across the globe for Wire Transfers through the SWIFT mode, which ensures secure and safe remittance to any place of your choice. Synergy Forex offers Wire Transfers in 14 currencies - United States Dollars (USD), Great Britain Pounds (GBP), EURO (EUR), Australian Dollars (AUD), Canadian dollars (CAD), Hong Kong Dollars (HKD), Swiss Francs (CHF), Singapore Dollars (SGD), Saudi Riyal (SAR), UAE Dirham (AED), Japanese Yen (JPY), Swedish kroner (SEK), New Zealand Dollar (NZD), Danish Kroner (DKK)

Foreign Currency Demand Drafts:

Synergy Forex also provides you the facility of Demand Draft in foreign currencies for making payments abroad for various purposes including university fees, medical fees, migrating to other countries etc. You can send the Demand Draft to the beneficiary, who receives payment from drawee bank on presenting the draft.

Synergy Forex offers Foreign Currency Demand Drafts in 9 currencies - United States Dollars (USD), Great Britain Pounds (GBP), EURO (EUR), Australian Dollars (AUD), Canadian dollars (CAD), Hong Kong Dollars (HKD), Swiss Francs (CHF), Singapore Dollars (SGD), Saudi Riyal (SAR)

Advantages:

Faster and hassle free remittance solutions

Wide distribution network of Synergy Forex Bank Branches in India

Arrangements with Correspondent Banks across the globe

Competitive foreign exchange rates & charges

Facilities for non-Synergy Forex Bank customers also

Money Transfer

Indians living abroad may send money to their family members living in India through International Money Transfer Services. For this purpose, Western Union Money Transfer Services Inc, USA is the world leader in providing fastest, safest and reliable money transfer services. Western Union has been in existence since 1871 and is a fortune 500 multinational company with corpus of over USD 5 Billion, presence in more than 200 countries with more than 4,00,000 locations in its fold.

Safe:

A person in India can receive money in just minutes after his sender has sent money from Abroad. Each transaction is electronically remitted through Western Union central server and is generated through a software which is absolutely safe and easy to use. Robust security features are inbuilt. The documentation and payment process has been designed in a way to ensure that the payment is made only to the actual receiver. For this purpose all the locations of Paul Merchants Ltd. have been geared with all state of the art infra structure to provide timely and safe services to the customer.

Easy:

For receiving money in India a customer has to fil up a very simple form which is called To Receive Money (TRM) Form. This form contains basic information relating to the transaction like MTCN no., name of the receiver, name of the sender, amount, country etc. which any person having elementary education can also fill up. Otherwise, our Front Office Executive can also help the customer to fill up the TRM. Further, to receive money , a person do not need to open a bank account if his transaction is less than Rs. 50,000/-. Payment in those cases is made in cash. The Receiver will be required to present a proper photo identification for any transaction and will be paid immediately. This way Paul Merchants and Western Union are much more convenient than any Bank.

Legal:

Money Transfer services in India are being provided by Weizmann Forex Ltd in association with Western Union as per the license issued by Reserve Bank of India. The conditions prescribed by RBI in this regard are strictly adhered to by the Company and its entire network all Anti Money Laundering laws, KYC norms and other regulations are duly complied with.

Nepal Money Transfer, Money Gram, Domestic Money Transfer

Foreign Exchange

With simplified foreign exchange services, you have the power to travel anywhere in the world with little to worry about currency availability. Synergy Forex brings you hassle-free currency exchange services that are provided at competitive rates. Since we deal in all of the major currencies like the Euro, US Dollar, British Pound and Japanese Yen, our exchange services are useful for a wide array of avid travellers.

Travel currency cards are also easily available with us which adds value in terms of its benefits like easy to carry, risk free, withdrawal can be done at all ATMs worldwide and can be swapped at all visa / master card counters worldwide. We deal wit travel card issued by all major banks of the country.

Our Location

Gurgaon

Mr. Rajesh Chandok

Business Head

Shop No 112, AKD Tower, Near Huda Office, Sector 14, Gurgaon (HR) 122001

Mobile : 9811809119, 9313343445

PH. : 0124.4292189(D), 0124.2303445 Email Id : rajesh.chandok@synergyforex.co.in

Gurgaon

Mr. Mohd. Taj

Branch Incharge

Shop no 112, AKD Tower, Near Huda Office, Sector 14 Gurgaon, Haryana-122001

Ph. : 0124-2303445, 0124-2303745 | Mobile : 8588975024

Email Id : gurgaon@thesynergyforex.com

Delhi Bhikaji

Mr. Arvind Mittal

Head Operations - India

Su 20 Bhikaji Cama Bhawan, Bhikaji Cama Place New Delhi - 110066

Ph. : 011. 26170703,43686173 | Mobile : 8588875028

Delhi Bhikaji

Mr. Vikas Kapoor

Branch Manager

Su 20 Bhikaji Cama Bhawan, Bhikaji Cama Place New Delhi - 110066

Ph. : 011. 26170703,43686173 | Mobile : 8588875030

Email Id : vikas@thesynergyforex.com

Secunderabad

Mr. Vikram Koppula

Branch Manager

Shop No. G-45, Navakethan Building, S.D. Road, Secunderabad.

Ph. : 040-27808877

Email Id : hyd@thesynergyforex.com

Amritsar Urban

Dharminder

Branch Manager

Shop No. 315, situated Ghanpati Towers, Amritsar Urban, Circle No. 110,

R.B. Duni Chand Road, Jamun Wali Road, Amritsar-143001.

Mobile. : 9815252906

Email Id : dharminder@thesynergyforex.com

Query Form

  • Best rates for outward Remittance
  • Round-the-clock customer support (Mon-Fri) 10 AM To 6 PM & Sat 10 AM To 3 PM
  • Flexible delivery options
  • Best rates for foreign exchange
  • Inward remittance service
  • Travel Solution - Travel Pind