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Laws
/ Forms
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Pearl Financial Services is a Full-fledged Money Changer
licensed by The Reserve Bank Of India
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FOREX transactions are governed
by FEMA (1999), any contravention or non-observance thereof is subject
to the penalties prescribed under the Act. |
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r o c e d u r e : Choose the scheme under which
you want to apply for FOREX. The [.order.] link
takes you to the contact form and a printable order
form. Using the contact form you send us some necessary
information based on which we get back to you within
24 hrs. |
| Scheme's
Governing Foreign Exchange Transactions : |
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A ] BTQ
- Basic Travel Quota |
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E
l i g i b i l i t y :
Resident Indian Citizen undertaking one or more leisure
/ tourist visits to any country abroad (except Nepal
and Bhutan) in any calender year.
Foreign nationals, resident in India, not availing
of facilities for remittance of his salary, savings
etc. abroad in terms of the existing Exchange Control
regulations.
M o d e O f E x c h a n g e : Currency
Notes / Travel Cheques / Pearl Visa Travel Money Card
Q u a n t u m O f E x c h a n g e
: Up to US$ 5000 or its equivalent per person in a
calender year.
Currency Notes limit upto US$500. For over and above
amount, FOREX as Travel Cheques / Pearl VTM Card.
Currency Notes may be sold to
travellers up to their full foreign exchange entitlement
for visits to Iraq, Libya, Islamic Republic Of Iran,
Russian Federation and other Republics Of Commenwealth
Of Independent States and not merely for visit to
these countries for transit purpose.
D o c u m e n t
s R e q u i r e d :
# Valid Passport and Photocopy of the pages of the
passport where personal particulars like Name, Address,
Date Of Birth, Signature, Photograph and Number, Date,
Place Of Issue and Validity Period Of Passport
# Visa and its Photocopy
# FOREX Endorsement and its Photocopy
# Outward ticket for a journey not beyond 60 days
of issue of FOREX.
In addition, all travellers
continue to qualify for BQ / GA / AA of US$ 50 per
International trip. Use [. order .] [C] to apply for
BQ.
*All
payments above Rs.50, 000/- will be accepted only
by a pay-order / demand draft favouring Pearl
Financial Services Pvt. Ltd.
accompanied by a debit advice from the issuing bank.
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B ] BT - Business Trip
/ LERMS - Liberalized Exchange Rate Management System
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E
l i g i b i l i t y :
Business Visits sponsored by firms/companies/organisations/
in India, journalist deputed on short-term assignments abroad
by newspapers/journals and self-employed professionals like
Solicitors, Chartered Accountants undertaking visits abroad
in connection with their profession. Exchange may also be
released to foreign nationals if the visit is sponsored by
the company/firm/organisation in India where they are employed
on regular basis. Travel abroad by members of delegations
sponsored by Trade Bodies like Chambers of Commerce, ASSOCHAM,
FICCI, FIEO, etc.
M o d e O f E x c h a n g e : Currency
Notes / Travel Cheques / Pearl Visa Travel Money Card
Q u a n t u m O f E x c h a n g e : Up
to US$ 25000 or its equivalent per trip.
Currency Notes limit upto US$500. For over and above amount,
FOREX as Travel Cheques / Pearl VTM Card.
D o c u m e n t s R e q u i r e d :
# Letter (in duplicate) from the sponsoring firm/company/organisation
[ from the applicant in case of self-employed professionals].
LERMS form on the company letterhead.
# Valid Passport and Photocopy of the pages of the passport
where personal particulars like Name, Address, Date Of Birth,
Signature, Photograph and Number, Date, Place Of Issue and
Validity Period Of Passport
# Visa and its Photocopy
# FOREX Endorsement and its Photocopy
# Outward ticket for a journey not beyond 60 days of issue
of FOREX.
In addition, all travellers continue
to qualify for BQ / GA / AA of US$ 50 per International trip.
Use [. order .] [ C ] to apply for BQ.
*All
payments above Rs.50, 000/- will be accepted only by a pay-order
/ demand draft favouring Pearl Financial Services Pvt. Ltd.
accompanied by a debit advice from the issuing bank. |
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C ] Basic Quota / General
Authority / Airport Allowance |
E
l i g i b i l i t y : All Travellers
for International Trips.
M o d e O f E x c h a n g e : Currency
Notes
Q u a n t u m O f E x c h a n g e : Up
to US$ 50 or its equivalent per trip.
D o c u m e n t s R e q u i r e d :
# Valid Passport and Photocopy of the pages of the passport
where personal particulars like Name, Address, Date Of Birth,
Signature, Photograph and Number, Date, Place Of Issue and
Validity Period Of Passport
# Visa and its Photocopy
# FOREX Endorsement and its Photocopy
# Outward ticket for a journey not beyond 60 days of issue
of FOREX.
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