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 $ 3000 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