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Forex, explained simply

Short, practical articles from our compliance team — updated when the rules change.

Rules & taxPaid TCS on forex? Here is how you get it backTCS collected on your foreign travel or remittance is not lost. How to check it in your tax statement and claim it in your income-tax return.Forex cardsLost your forex card abroad? Do these four things in the first hourBlock the card, get emergency cash, arrange a replacement and protect your balance — a calm checklist for a lost or stolen forex card.Rules & taxWhat is Form A2 and why do you sign it for every forex purchase?Form A2 is the LRS declaration you sign when you buy forex or send money abroad. What it says, who signs it, and what happens if details are wrong.Travel moneyGoing to Dubai? How to split your money between cash and a forex cardHow much dirham cash to carry, where a forex card works best in the UAE, and the limits that apply when you buy forex in India.Travel moneyHow much foreign currency can I carry abroad from India?Cash limits per trip, the LRS yearly limit, forex cards, and when you need a currency declaration — explained simply.Rules & taxTCS on foreign travel and money sent abroad (from April 2026)When TCS applies on forex and remittances, the current rates by purpose, and how to get it back.Travel moneyForex card or cash — which should you take?When a prepaid forex card beats currency notes, when cash is better, and a simple way to split your travel money.BusinessBusiness travel forex for companies — how it worksHow companies buy forex for employees and directors travelling on business: documents, payment, TCS and GST.StudentsSending money abroad for education: a step-by-step guidePaying tuition, deposits and living costs abroad — documents, TCS, bank charges and how to make sure the full fee arrives.Rules & taxDocuments you need to buy forex in IndiaThe KYC and travel documents for currency notes, forex cards and transfers — for holidays, business trips and students.Rules & taxLRS limit explained: how much money you can take or send abroad in a yearThe USD 2,50,000 Liberalised Remittance Scheme limit — what counts towards it, what is not allowed, and how TCS fits in.Travel moneyHow to reload your forex card from IndiaReloading for the same trip, a new trip, students abroad and one-time-load cases — what documents are needed and when a reload is not allowed.Travel moneySelling leftover foreign currency and encashing your forex cardHow to sell unused notes after a trip, encash a forex card balance, the documents needed and when the Currency Declaration Form is required.Sending moneyCheck the SWIFT code and IBAN before you send money abroadHow SWIFT codes, IBANs and local bank codes work in the USA, UK, Canada, Australia and Europe — and how to avoid a returned transfer.Travel moneyTravel checklist for going abroadTick-off list for documents, money, phone, health and your return.Travel moneyFull forex rate cardToday's rates for notes, cards and transfers in every currency.

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