Forex Purchase Requirements (Using Passport)

• Mandatory for International Travel:

  • To buy forex (foreign currency), you usually need to show your passport, visa, and flight tickets as proof of travel.

  • Banks and authorized forex dealers require these documents to comply with Foreign Exchange Management Act (FEMA) regulations (in India) or similar laws in other countries.

• How Much Forex Can You Buy?

  • India:

    • Up to $250,000 per financial year under the Liberalized Remittance Scheme (LRS) for travel, education, medical treatment, etc.

    • For travel, you can typically buy up to $10,000–$25,000 per trip, depending on the country.

  • Other Countries:

    • Check local forex regulations (e.g., in the USA, UK, UAE, etc.).