Kotak Foreign Currency Cash Services
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Apply from Kotak Mobile Banking App and get it delivered at your doorstep.
Get cash delivered in 15 global currencies for your travel.
Skip Branch visit. No physical documentation other than PAN and Passport.
| A range of 15 global currencies are available | |||
|---|---|---|---|
UAE Dhiram (AED) |
Australian Dollar (AUD) |
Canadian Dollar (CAD) |
Swiss Francs (CHF) |
Japanese Yen (JPY) |
South African Rand (ZAR) |
United States Dollar (USD) |
New Zealand Dollar (NZD) |
Danish Krone (DKK) |
Euro (EUR) |
Great Britain Pound (GBP) |
Hong Kong Dollar (HKD) |
Saudi Riyal (SAR) |
Swedish Kroner (SEK) |
Singapore Dollar (SGD) |
|
Carry foreign currency cash up to USD 3,000 or equivalent when travelling for pleasure. The balance amount can be taken in the form of a Forex Card.
Apply for Foreign currency through Kotak Mobile Banking App and get it delivered to your doorstep
Get started in 4 easy steps
Login to Mobile Banking – click on Forex Cash
Select currency, enter amount and other details.
Confirm A2 and LRS declaration
Submit the request
.
A fee of 100 INR (excluding GST) will be charged for delivering currency at your home.
All foreign exchange transactions are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges mentioned above.
Presently, the applicable rate of GST are as under :-
| Value of purchase or sale of Foreign Currency | Value on which GST rate will be applicable* |
|---|---|
| Up to 1,00,000 | 1% of the gross amount of currency exchanges or minimum of Rs.250/- |
| Above Rs.1,00,000/- to Rs.10,00,000/- | 1000 + 0.50% of the gross amount of currency exchanged less 1,00,000. |
| Above Rs.10,00,000/- | Rs.5500/- + 0.10% of the gross amount of currency exchanges less 10,00,000 subject to maximum of Rs.60,000/- |
| *GST at 18% will be applicable on the charges as determined as per above slabs." | |
| "Foreign Currency Conversion Charge will be applicable on purchase of foreign currency as mentioned above: | |
Note : All taxes, fees and charges, as mentioned above, are non-refundable (unless otherwise stated)
.
In line with RBI regulations, maximum foreign currency cash of USD 3000 per financial year can be availed under this facility for travel.
Currency notes in 15 currencies are available in a variety of denominations.
Valid Passport and PAN card are required for buying foreign currency.
Permissible foreign exchange can be drawn 60 days in advance. In case it is not possible to use the foreign exchange within the period of 60 days, it should be immediately surrendered.
