Forex | blinkit

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You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.

Disclaimer Note for TCS
(i) Tax Collection at Source (TCS) at the rate of 0% or 2% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.10,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
(ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.

Disclaimer Note for non-refund of TCS
In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the 2025 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.

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Forex Rate Updated

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Updated Rate	1 USD = 82.9500 INR 1 USD = 83.9500 INR
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