Best Forex & Money Exchange in Chennai, RBI Licensed. Best Rates.

For currency exchange up to ₹50,000, you need a valid government-issued photo ID (Aadhaar, Voter ID, or Passport). For amounts above ₹50,000, a PAN Card is mandatory as per RBI guidelines. For outward remittances or forex cards, you will also need your Passport, visa, and confirmed flight ticket.

As per RBI rules under FEMA, Indian travellers can carry up to USD 3,000 (or equivalent) in cash per trip. You can carry additional funds on a prepaid forex card, which is safer and accepted worldwide. For certain countries like Nepal and Bhutan, the limit is INR 25,000 in Indian currency notes.

It is almost always better to exchange currency in India before you travel. Rates at foreign airports and tourist areas are significantly worse, sometimes 10 to 15% less favourable. At Scope Forex in Chennai, you get competitive rates, genuine notes, and no hidden charges. Exchange before departure for the best deal.

A prepaid forex card is safer than carrying cash. If lost or stolen, it can be blocked instantly. Forex cards also avoid dynamic currency conversion fees at foreign POS terminals. However, cash is handy for small local purchases, street markets, and tips where cards are not accepted. We recommend carrying 70% on a forex card and 30% in cash.

We exchange 40+ global currencies including USD, EUR, GBP, AED, SAR, SGD, AUD, CAD, JPY, CHF, THB, MYR, KWD, OMR, QAR, BHD, NZD, HKD, and many more. We also handle exotic currencies like Mauritian Rupee, Maldivian Rufiyaa, Vietnamese Dong, and Kenyan Shilling. Call us to confirm availability for specific currencies.

Yes, RBI-licensed money changers are completely legal and regulated by the Reserve Bank of India. Scope Forex holds a Full Fledged Money Changer (FFMC) licence from the RBI, which means we are authorised to deal in all categories of forex transactions. Always ensure the money changer you use has a valid RBI FFMC licence displayed at the branch.

We are open Monday to Saturday: 10:00 AM – 7:30 PM, and Sunday: 10:00 AM – 1:30 PM. Our branch is at Door No. 91, Shop No. 14 & 14A, Balamurali Theatre Complex, Nerkundram, Poonamallee High Road, Chennai 600107. You can also WhatsApp us on +91 93811 11767 to check today's rates before visiting.

Yes. We buy back unused foreign currency notes at competitive rates. Walk in with your leftover currency and a valid photo ID — no minimum amount, no hidden deductions. We pay you in Indian Rupees on the spot. Buyback is available for all major currencies including USD, EUR, GBP, AED, SAR, SGD, AUD, and more.

Under RBI's Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year for permitted purposes such as education, travel, family maintenance, and medical treatment. Scope Forex processes outward remittances under LRS with all required documentation including Form A2, passport, and PAN Card.

You can pay by cash for amounts up to ₹49,999. For amounts above ₹50,000, payment must be made by account transfer only — NEFT, RTGS, or UPI. A combination of cash and bank transfer is not permitted for a single transaction, as per RBI guidelines. For outward remittances, only NEFT or RTGS from your savings account is accepted.

Scope Forex specialises exclusively in forex, which means we maintain tighter margins than banks who treat forex as a secondary service. Airport counters typically charge 5 to 8 percent above the interbank rate — often the worst rates available. At Scope Forex, you get rates that are consistently more favourable than both, with no service charges or hidden fees. WhatsApp us to compare before you decide.