Welcome to Remitout Service Pvt. Ltd

FAQ

How Much Foreign Exchange Can I Buy When Traveling Abroad On Private Visits?

For private visits abroad, any resident can obtain foreign exchange up to USD 2,50,000 or equivalent in one financial year, irrespective of the number of visits undertaken during the year.

No foreign exchange is available for visit to Nepal and/or Bhutan for any purpose.

How Much Foreign Exchange Can I Avail For A Business Trip?

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.

How Much Foreign Exchange Is Available For Studies Abroad?

USD 2,50,000 or equivalent per academic year can be availed. In case the estimate received from institution abroad is higher

The same needs to be supplemented with requisite documents while procuring.

What Is The Foreign Exchange (Limit) In Cases Of Overseas Medical Treatment?

Up to USD 2,50,000 or its equivalent for the patient going abroad for medical treatment or checkup.

Upto USD 2,50,000 for accompanying as attendant to a patient going abroad for medical treatment/checkup.

Personal Visit entitlement of USD 2,50,000 per annum can be availed over and above the specified amount under this scheme.

How Much Foreign Exchange Can Be Availed If I Am Going Abroad For Employment?

A person going abroad for employment can purchase foreign exchange up to USD 2,50,000.

What Is The Definition Of An Indian Resident?

"Person resident in India" is defined in Section 2(v) of FEMA, 1999 as : A person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include:

A person who has gone out of India or who stays outside India, in either case

For taking up employment outside India

For carrying on outside India a business or vocation

For any other purpose,in such circumstances as would indicate his intention to stay outside India for an uncertain period

A person who has come to or stays in India, in either case, except:

For taking up employment in India

For carrying on in India a business or vocation in India

For any other purpose, in such circumstances as would indicate his intention to stay in India for an uncertain period

Any person or body corporate registered or incorporated in India

An office, branch or agency in India owned or controlled by a person resident outside India

An office, branch or agency outside India owned or controlled by a person resident in India

I Am Travelling Abroad. Can My Spouse Make The Payment Through His/Her Account?

Yes, the same is allowed. Any close relative (family member) or Spouse can make the payment for your Purchase.

What Documents Do I Need For Personal / Leisure Travel?

Original and valid passport

Valid visa for the country of travel (except where VISA on arrival applies) (in case of visa on arrival, an undertaking form will be provided by us)

Confirmed ticket-showing travel within 60 days of taking foreign exchange.

What Documents Do I Need For Business Travel?

Original and valid passport

Valid visa for the country of travel (except where VISA on arrival applies)

Confirmed ticket-showing travel within 60 days of taking foreign exchange

PAN copy for all forex transactions in cases where total amounts exceed US Dollars 25000. Form 60 / 61 in case PAN not available

What Documents Do I Need For Overseas Studies / Education Abroad?

Confirmed one-way Air ticket

Original Passport along with the Student Visa.

Prospectus/Offer Letter/Admission Letter in original, thereof giving full details of the course of study, tuition fees payable etc.

In case of person traveling to USA Form I-20 is required.

PAN copy for all forex transactions in cases where total amounts exceed US Dollars 25000. Form 60 / 61 in case PAN not available

Pan card is mandatory for transaction above Rs. 25,000 if payment mode is cash.Above documents not required for application fees, only need copy of related page of Application Form etc.

What Documents Do I Need For Travel On Account Of Medical Treatment Abroad?

Original and valid passport

Valid visa for the country of travel (except where VISA on arrival applies)

Confirmed ticket-showing travel within 60 days of taking foreign exchange

PAN copy for all forex transactions in cases where total amounts exceed US Dollars 25000. Form 60 / 61 in case PAN not available

Pan card is mandatory for transaction above Rs. 25,000 if payment mode is cash.Application / self declaration

What Documents Do I Need For Travel On Account Of Emigration?

Valid passport and emigration Visa

One way confirmed Air Ticket

PAN copy for all forex transactions in cases where total amounts exceed US Dollars 25000. Form 60 / 61 in case PAN not available

Pan card is mandatory for transaction above Rs. 25,000 if payment mode is cash.

What Documents Do I Need For Travel On Account Of Employment Abroad?

Valid passport and employment Visa

One way confirmed Air Ticket

PAN copy for all forex transactions in cases where total amounts exceed US Dollars 25000. Form 60 / 61 in case PAN not available

Pan card is mandatory for transaction above Rs. 25,000 if payment mode is cash

Is It Safe To Use My Credit/Debit Card On Remitout.Com For Booking/Completing A Transaction?

Once you complete your order on Remitout.com, we will send you a confirmation mail to the email address you enter during your order informing that your order is confirmed. In this mail, you will be provided with a "Unique Order Reference Number" along with your order details when you complete the order. We also make it a point to call each of our customer right after the order is booked to answer any queries she may have.

How Do I Know That My Order Is Confirmed?

Your online transaction on Remitout.com is processed over a secure HTTPS connection and guarded with the highest levels of encryption available. All credit card and debit card payments on Remitout.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ netbanking information is never stored on our servers.

What Is Partial Payment?

Partial Payment means that you have the option to pay only the booking amount (a small part payment) to block your rates for one business day.

Are Rates Published On Remitout.Com Updated?

The rates published on Remitout..com portal are updated on real time basis as they are connected to a live market data feed.

"What Is The Definition Of "Close Relative"?

Father

Mother (including step Mother)

Son (including step Son)

Daughter In Law

Daughter (including step daughter)

Grand Father

Grand Mother

Grand Son

Grandson’s/Daughter’s Spouse

Son In Law

Brother (including step brother)

Sister

Sister's husband

What Is Your Cancellation Policy ?

The following cancellation policy applies to our transactions: Partial Payment orders, if not utilised within one working day, will automatically be cancelled and the entire advance payment made to Remitout.com (2 percent) will be forfeited. Explicit cancellation will also result in forfeiture of the advance payment made.

Are There Any Charges Apart From The Charges Displayed On Website For Wire Transfer?

There are no other charges levied from Remitout.com apart from those displayed on website. However it is advisable that you check with the respective beneficiary bank if there is any charge levied from their end.