{"id":16617,"date":"2025-03-04T17:46:08","date_gmt":"2025-03-04T12:16:08","guid":{"rendered":"https:\/\/blog.thomascook.in\/?p=16617"},"modified":"2026-03-13T15:57:37","modified_gmt":"2026-03-13T10:27:37","slug":"everything-about-foreign-currency-exchange","status":"publish","type":"post","link":"https:\/\/www.thomascook.in\/blog\/forex\/everything-about-foreign-currency-exchange\/","title":{"rendered":"Everything You Need to Know About Foreign Currency Exchange"},"content":{"rendered":"
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Are you an Indian planning a trip abroad in the coming vacations? Do you want to send your daughter abroad for further education? Do you need to travel out of India for a business trip? If you answered positively, then you should learn all about foreign currency exchange to ensure smooth financial transactions during your stay out of India.<\/p>\n

1. What Are Foreign Exchange Limits for Individuals When Traveling From India?<\/h2>\n

Currently, under the Liberalised Remittance Scheme (LRS), any resident of India including minors are allowed to remit up to USD 2,50,000 i.e. Rs 2.5 lakh US Dollars in a financial year. At an exchange rate of Rs 73 per dollar, the amount would be Rs. 1,82,50,000.\u00a0 For minors, their guardians can sign LRS declaration form on their behalf. This does not apply to corporates, HUF, partnership firms, Trusts, and other organizations.<\/p>\n

1. For Employment Purpose<\/h3>\n
\"Abroad

Abroad Employment<\/p><\/div>\n

A person travelling abroad from India for employment purpose can draw up to USD 2,50,000 from any authorised dealer. You can make use of Thomas Cook currency exchange to draw foreign exchange as per your requirements.<\/p>\n

2. For Business Trip<\/h3>\n
\"Business

Business Trip<\/p><\/div>\n

If you are going abroad from India for attending a specialised training, international conference, apprentice training, seminar, or any other business trip, you can get foreign exchange up to USD 2,50,000 for any number of visits per year.\u00a0you can get foreign exchange up to USD 2,50,000 for any number of visits per year.<\/p>\n

Suggested Read:\u00a0Things To Remember When Withdrawing From An ATM Abroad With Local Bank<\/a><\/strong><\/p><\/blockquote>\n

3. For Studying Abroad<\/h3>\n
\"Studying

Abroad Studies<\/p><\/div>\n

The maximum money you can transfer from\u00a0India<\/strong><\/em> for students studying<\/strong><\/em>\u00a0abroad\/going to study abroad is US$ 2,50,000 without any estimate from the foreign University. Currency exchange services by Thomas Cook can ease your process of transferring money abroad for paying college\/university fees.<\/p>\n

4. Medical Treatment<\/h3>\n
\"Medical

Medical Treatment<\/p><\/div>\n

If you are going abroad for medical treatment, you can get foreign currency exchange up to USD 2,50,000 without any estimate from a doctor or hospital in India or abroad.<\/p>\n

5. Gift\/Donation<\/h3>\n
\"Gift\/Donation,

Gift or Donation<\/p><\/div>\n

You can gift or donate up to USD 2,50,000 each financial year as gift or donation to a person or organization abroad.<\/p>\n

6. For Private Visits<\/h3>\n