High growth Indian economy coupled with globalisation has resulted in thousands of Indians going abroad for travel, studies and business. Simultaneously, there is a huge inflow of foreign tourists visiting India on vocation and business. This has resulted in the need for a reliable and quality service provider for purchase and sale of Foreign Exchange.
Each one of them requires reliable, affordable and convenient Forex services. At many places, there is no Bank or other facilities to avail foreign exchange. India Post, with a network of more than 155,000 post offices, is best poised to offer Forex services in an efficient and economical manner. Now India Post, in association with HDFC Bank, provides Forex services through select Post Offices across India. HDFC Bank is one of the leading providers of Forex services and through this association, India Post brings to the customers a range of Forex services in a professional and efficient manner.
Goals and Objectives:
To make Forex services available across India as a ‘reliable and affordable product’ for the customers at a competitive price, through the vast distribution network of India Post.
To provide convenience to the customers by making Forex services available at a large number of locations covering urban as well as rural areas, where banks and exchange companies do not offer foreign exchange service or do not have the presence.
Contact Us
For business, visit your Post office or contact the Chief PMG/ PMG in your Postal Circle.
For further details and corporate business, write to General Manager - Business Development, Department of Posts, Ministry of Communications & IT, Dak Bhavan, New Delhi 110 001. Tel : 011 23096075.
Given below is the range of Forex services Following offered from Post office counters. Forex services are subject to regulations of Reserve Bank of India.
Service | Scope |
---|
Foreign currency notes (FCN) | Buying and selling |
Travellers Cheques (TC) | Buying and selling |
Store Value card (SVC) | Selling |
Arrangement for Demand Drafts (DD) | Selling |
Arrangement for Telegraphic/ wire transfers (TT/ WT) | Selling |
1. Foreign Currency Notes
India Post offers banknotes of following currencies
List of Currencies
Currency | Code | Currency | Code |
---|
US Dollars | USD | New Zealand Dollar | NZD |
Sterling Pound | GBP | Norwegian Kroner | NOK |
Euro | EUR | Oman Rial | OMR |
Australian Dollar | AUD | Qatar Rial | QTR |
Bahrain Dinar | BHD | South African Rand | 5.15 |
Canadian Dollar | CAD | Saudi Rial | SAR |
Danish Kroners | DKK | Singapore Dollar | SGD |
Hong Kong Dollar | HKD | Swedish Kroner | SEK |
Japanese Yen | JPY | Swiss Francs | CHF |
Kuwait Dinar | KWD | Thai Bhat | THB |
Malaysian Ringtt | MYR | U.A.E. Dirhams | AED |
2. Travellers Cheques:
Following American Express Travellers Cheques are offered by India Post
Currency | Code |
---|
US Dollar | USD |
Sterling Pound | GBP |
Euro | EUR |
Australian Dollar | AUD |
Canadian Dollar | CAD |
Japanese Yen | JPY |
3. Travel Card: Forex Plus Card
India Post offers HDFC Bank Ltd. Store Value Card
Currency | Code |
---|
US Dollar | USD |
Sterling Pound | GBP |
Euro | EUR |
Australian Dollar | AUD |
Canadian Dollar | CAD |
Japanese Yen | JPY |
Swiss Francs | CHF |
4. Foreign Currency Demand Draft
India Post also offers its customers draft issuances in following currencies. All Draft issuances cases are referred to HDFC Bank Ltd.
Currency | Code |
---|
US Dollar | USD |
Sterling Pound | GBP |
Euro | EUR |
Australian Dollar | AUD |
Canadian Dollar | CAD |
Japanese Yen | JPY |
Swiss Francs | CHF |
Danish Kroners | DKK |
Hong Kong Dollar | HKD |
UAE Dirham | AED |
Singapore Dollar | SGD |
5. Foreign currency Wire Transfer
India post also offers its clients Wire Transfer facility in the following currencies. All Wire Transfer cases are forwarded to HDFC Bank Ltd.
Currency | Code |
---|
US Dollar | USD |
Sterling Pound | GBP |
Euro | EUR |
Australian Dollar | AUD |
Canadian Dollar | CAD |
Japanese Yen | JPY |
Swiss Francs | CHF |
Danish Kroners | DKK |
Hong Kong Dollar | HKD |
UAE Dirham | AED |
Singapore Dollar | SGD |
Oman Rial | OMR |
Saudi Rial | SAR |