How to apply

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How to Apply

Apply for Foreign currency through Kotak Mobile Banking App and get it delivered to your doorstep

Get started in 4 easy steps

Step 1

Step 2

Select currency, enter amount and other details.

Step 3

Confirm A2 and LRS declaration

Step 4

Submit the request

Fees and Charges

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)

Frequently Asked Questions

How much currency can be availed for the purpose of travel?

In line with RBI regulations, maximum foreign currency cash of USD 3000 per financial year can be availed under this facility for travel.

How many types of currency notes are available?

Currency notes in 15 currencies are available in a variety of denominations.

What are the documents required for buying foreign currency?

Valid Passport and PAN card are required for buying foreign currency.

How many days in advance can a person buy foreign exchange for travel abroad?

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.

However, after returning from a trip abroad, residents are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or Forex Card for for his subsequent visit abroad. Unspent foreign exchange acquired from an authorised person for travel abroad orcan be credited to their Resident Foreign Currency (Domestic) [RFC (Domestic)] Accounts.

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