Efficient and Convenient

Foreign Currency
Exchange Company

Competitive, Best Rate, Ontime Delivery

Contact Us

BuySell Forex

About Us

Looking for a Reliable Foreign Currency
Exchanger in Chennai?

We, Sri Deivam Forex Pvt. Ltd., established in 2008 and authorized by the Reserve Bank of India, are dedicated to meeting the foreign exchange needs of our customers in T.Nagar, Chennai. Our aim in starting this business is to cater to the foreign money exchange needs in Chennai for the general public, foreign tourists, returning NRIs, leading corporates and MNCs, hotels, banks, and large tour operators and travel agents. Our comprehensive range of Forex services includes Foreign Currency Exchange, Prepaid Forex Cards, Western Union Money Transfer, MoneyGram Money Transfer and Send Money Remittance from Abroad to India. We pride ourselves on offering the best exchange rates and prompt service.

  • We open on

    All days

  • Timing

    10.00AM to 08.00PM

  • Call us for your Enquiry

    044 - 4260 4000, 99400 88000

  • Mail us for your Enquiry

    srideivam@gmail.com

Our Process

Select Product & Currency

Select the product, currency and amount

Enter Your Details

Enter your personal details

Get Your Order

Get your order at your doorstep delivery around 5km

Give Documents

Give the necessary documents for buy or sell

  • Passport Photo Page
  • Passport Address Page
  • Ticket Copy Onward/ Return
  • PAN Card Copy
  • Aadhaar Card Copy
  • Visa Copy

Our Services

Foreign Currency

Currency notes are the most preferred form of foreign exchange for travelers worldwide as they can be used immediately upon arrival at your destination. We offer destination currencies to save on conversion costs, dealing with major currencies for all countries. Customers can buy or sell currency notes with us at the best exchange rates in Chennai. For details on formalities and limitations, please refer to our FAQ section.

Forex Cards

The prepaid forex card, powered by Visa and MasterCard, is the most convenient form of foreign exchange today. Available in single or multiple currencies, it can be used for ATM withdrawals, card swipes at merchant terminals, online transactions, and can be reloaded easily. This card offers greater control through net banking and banking apps. We partner with Thomas Cook to issue the Borderless Forex Card, available in various major currencies. Buy prepaid forex cards from us at the best exchange rates in Chennai. Details are in the FAQ section.

Remittances

At Sri Deivam Forex Money Exchange, we are authorized sub-agents for Western Union and MoneyGram Money Transfer in Chennai. Customers can withdraw money easily by filling out a simple receive form and providing original ID and address proof. Each customer can receive up to 30 transactions per year for family maintenance and personal use only. Up to ₹49,999 can be taken in cash, and amounts above this are provided via account payee cheque. For foreign nationals, the cash payout limit is extended to USD 3000. Currently, from India sending money through this channel is not permitted by the Reserve bank of India. More details are in the FAQ section.

Enquire Now

Enquire for Foreign Money Exchange, Western Union Money Transfer Service, Inward & Outward Remittance

Please provide your details below for your forex needs, and we will contact you with our best offers and services

Our Partners

Frequently Asked Questions

Selling Foreign Exchange

You can conveniently convert your foreign exchange into Indian rupees with us at the best currency exchange rates in Chennai. Customers are required to provide a copy of their ID and address proof for documentation. For transactions exceeding USD 5000, a Custom Declaration Form (CDF) is mandatory. Cash payouts in Indian Rupees are limited to USD 1000 or the equivalent forex amount. Amounts exceeding this limit will be disbursed via crossed cheque in the customer's name. For Foreign Nationals & NRIs, this limit extends to USD 3000.

Buying Foreign Exchange + Outward Remittances:

Purchase foreign exchange with Indian rupees at the best rates in Chennai for personal tours, business trips, training, conferences, film shoots, overseas studies, medical treatments, employment, immigration, gifts, donations, and family maintenance (some categories require an authorized dealer channel). Cash payments in Indian Rupees are limited to Rs. 50,000 per trip. Amounts exceeding this limit will be disbursed via crossed cheque, RTGS, or NEFT. Details regarding permissible purposes, foreign exchange limits, and required documentation are outlined below: (Currency notes can be withdrawn up to USD 3000 or its equivalent, while the remaining limit can be accessed via prepaid forex cards, traveler's cheques, bank drafts, wire transfers, etc.)


Purpose of Visit Forex Limit Allowed Documentation required
Personal Visit - BTQ (incl in LRS) USD 250000/per Cal year Copy of Passport, Visa, Adhaar Card, Pan Card & Ticket along with Application form signed
Business Visit - BT (Incl in LRS)
Business Promotion Training Programme Conference Visit 		USD 250000/per trip For Each trip a request letter from company with FEMA declaration. For One time registration from company is Copy of Pan Card, Telephone Bill, Authorisation Letter for Employee dealings, copy of MOA/AOA/ROC or partnership deed or any registration certificate for Prop.
Overseas Education (Incl in LRS) USD 250000 per year Copy of Passport, Visa, offer letter from university & Ticket along with Application form signed.
Employment / Immigration (Incl. in LRS) USD 250000 Copy of Passport, Visa, offer letter from company & Ticket along with Application form signed
Medical Treatment (Incl in LRS) USD 250000 Copy of Passport, Visa, Ticket, supporting documents for medical treatment along with Application form signed
Under LRS Scheme: GIFT / Donation Close Relative Maintenance USD 250000 per year Copy of ID cum Address proof along with the application form duly filled and signed.
NRI/PIO Repatriation USD 1 Million Copy of Passport, Bank Statement, along with application form duly signed and filled.

Guidelines on Travel Related Matters

How much foreign money exchange can be brought in while visiting India?

A person coming into India from abroad can bring with him foreign exchange without any limit. However, if the aggregate value of the foreign exchange in the form of currency notes, bank notes or travellers cheques brought in exceeds USD 10,000 or its equivalent and/or the value of foreign currency alone exceeds USD 5,000 or its equivalent, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.

What is formalities (KYC) to convert Foreign currency to Indian Rupees in Money Exchange in chennai?

An Indian National can exchange forex to INR by submitting the ID cum Address proof such as Passport, Driving Licence, Voter ID, Citizen Card etc as KYC documents of him/her and foreign exchange converted in INR will be paid by Cash upto USD 1000 or its equivalent and where ever the amount exceeds it will be paid through an account payee/demand draft or direct wire transfer to his/her bank account.
Foreign Nationals / NRIs / PIOs can exchange forex to INR by submitting the ID Cum Address proof such as Passport & Indian Visa, Citizen card, PIO card etc as KYC documents of him/her and foreign exchange converted in INR will be paid by Cash upto USD 3000 or its equivalent and where ever the amount exceeds it will be paid through an account payee/demand draft or direct wire transfer to his/her bank account.

How much foreign exchange can one buy / draw when travelling overseas on private visits?

For private visits abroad, other than to Nepal and Bhutan, viz., for tourism purposes, etc., any resident can obtain foreign exchange up to an aggregate amount of USD 10,000, from an Authorised Dealer, in any one financial year, on self-declaration basis, irrespective of the number of visits undertaken during the year. This limit of USD 10,000 or its equivalent per financial year for private visits can also be availed of by a person who is availing of foreign exchange for travel abroad for any purposes, such as, for employment or immigration or studies. No foreign exchange is available for visit to Nepal and/or Bhutan for any purpose. A resident Indian is allowed to take INR of denomination of Rs.100 or lesser denomination to Nepal and Bhutan without limit

How much foreign exchange is allowed for a business trip visit?

For business trips abroad to countries, other than to Nepal and Bhutan, a person can avail of foreign exchange up to USD 25,000 per visit. Visits in connection with attending of an international conference, seminar, specialised training, study tour, apprentice training, etc., are treated as business visits. Release of foreign exchange exceeding USD 25,000 for business travel abroad (other than to Nepal and Bhutan), irrespective of the period of stay, requires prior permission from the Reserve Bank. No release of foreign exchange is admissible for any kind of travel to Nepal and Bhutan or for any transaction with persons resident in Nepal. Investments in Bhutan are permitted in Indian Rupees as well as in freely convertible currencies. If investment is made in freely convertible currency/ies, sale/winding up proceeds are required to be repatriated to India in freely convertible currencies.

How much foreign currency notes can be taken while buying foreign exchange for travel abroad?

Travellers going to all countries other than (a) and (b) below are allowed to purchase foreign currency only up to USD 3000. Balance amount can be carried in the form of travellers cheque or banker’s draft. Exceptions to this are (a) travellers proceeding countries like Iraq and Libya who can draw foreign exchange in the form of foreign currency not exceeding USD 5000 or its equivalent; (b) travellers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States who can draw entire foreign exchange in the form of foreign currency notes.

Store Locator

Contact Us

  • location_on

    Sri Deivam Forex Pvt. Ltd
    The Chennai Silks
    (Inside the Building)
    #55, Usman Road,T.Nagar,
    Chennai, Tamil Nadu 600017

  • call

    81900 99000
    99400 88000

  • location_on


    61, Pondy Bazzar,
    T.Nagar,
    Chennai, Tamil Nadu 600017

  • call

    044 2435 5548