Overseas Remittance

Overseas Remittance

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Xe Forex Bureau India Private Limited(XFBIPL) was conferred with ADII category status by the Reserve Bank of India in July 2008 and has since become a leading player in the Outward Remittance business space. Apart from catering to various segments like remittances pertaining to overseas tour operators, film shooting, immigration etc., we have garnered a sizeable market share of forex business relating to students travelling abroad for studying in foreign universities/institutes. XFBIPL through its dedicated team of sales force has tied up with educational and immigration consultants. To augment this business and capture higher market share, XFBIPL has entered into an arrangement with an Authorised Dealer for issuance of foreign currency demand drafts.

XFBIPL branches stock Foreign Currency Demand Drafts (FCDD) denominated in major foreign currencies viz; USD, GBP, EUR, AUD, CAD, SGD, etc. Customers can walk into XFBIPL offices and purchase drafts in various currencies.

Cash To Master Business

XFBIPL is authorised to issue foreign exchange to the captains of ships anchored on Indian shores. The remittance is done by the Principal of the shipping company abroad to their agent towards disbursement of crew wages. XFBIPL provide these services at all major ports in India like Mumbai, Chennai, Kolkata, Vizag, Paradip, Kandla, Porbandar, Bhavnagar, Tuticorin, etc.

XFBIPL Issue/Remits Foreign Exchange in following situation

  • BTQ
  • Remittance by tour operators/ travel agents to overseas agents/ principals/ hotels
  • LERMS
  • Participation in global conferences and specialised training
  • Participation in international events/ competitions (remittance towards training, sponsorship and prize money)
  • Film shooting
  • Medical treatment abroad
  • Disbursement of crew wages
  • Overseas education
  • Remittance through arrangements with overseas universities
  • Remittance towards examination fees held in India or overseas and additional score sheets for GRE, TOEFL, etc.
  • Employment and processing/ assessment fees for overseas job applications
  • Emigration and emigration consultancy fees
  • Skills/ credential assessment fees for prospective migrants
  • Visa Fee
  • Processing fees for registration of documents required by governments
  • Registration/ subscription/ membership fees to international organisations