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If you find yourself with leftover or excess foreign currency after your travels, it's a smart move to sell it back to a forex service provider. It's important to note that exchange rates can fluctuate frequently due to various factors, resulting in different rates offered by service providers. Opt for Santamonica to exchange your foreign currency without hassle, ensuring you secure the best rates and maximize your returns. At Santamonica, your peace of mind is our priority. You can trust that you'll receive top value and avoid any unnecessary losses. Our services are not only convenient but also the most reliable and secure way to sell foreign currency and convert it to your home currency.
Santamonica Financial Services Ltd takes pride in being the first company in India to obtain the AD II licence from the Reserve Bank of India for foreign exchange transactions. With over 25 years of extensive industry knowledge, we guarantee a swift and effortless foreign currency exchange experience. When converting your foreign currency into Indian Rupees, trust Santamonica to offer you the best rates available on any given day.
Sell CurrencyTo comply with RBI guidelines, all foreign exchange transactions require mandatory supporting documents. Resident Indians can sell foreign currency at Santamonica by presenting one of the following:
For NRIs, the necessary documents include:
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The cash limit for purchasing currency is USD 1,000 or equivalent for Resident Indians and USD 3,000 or equivalent for NRIs and Foreigners.
The RBI permits the import of any amount of foreign currency when entering India. However, if the combined value of currency notes exceeds USD 10,000 or the foreign currency alone surpasses USD 5,000, it must be declared to Customs Authorities at the Airport using the Currency Declaration Form (CDF). At Santamonica, you can exchange any amount of foreign currency, but for amounts exceeding $5,000, a CDF declaration will be necessary.
With extensive experience and a wide network of branches throughout India, Santamonica has established itself as a leader in the foreign exchange market. Key features of our service include:
Santamonica is recognized as one of India's top non-banking financial companies (NBFC), providing a range of foreign currency services at highly competitive rates. Unlike traditional banks, Santamonica offers a convenient solution for NRIs and international tourists visiting India, with no requirement for bank accounts with us. This makes Santamonica an ideal and practical choice for NRIs or foreigners in India for a short stay.
Sell Currency