Forex Services

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.

Products & Services:

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. Travelers Cheques:

Following American Express Travelers 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

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.