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Foreign Exchange Money Exchange Cambio Bureau De Change
[object Object],[object Object],[object Object],[object Object],[object Object]
What is Foreign Exchange…?
Exchange Rate ..? The rate at which one currency may be converted into another currency.
Factors Affecting Exchange Rates… ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object]
Authorized Money Changers  - AMC previously known as Full-Fledged Money Changers ,[object Object],[object Object],[object Object]
Bringing In   &  Taking Out Of Foreign Exchange ,[object Object],[object Object]
Transactions that we can do… ,[object Object],[object Object],[object Object],[object Object],[object Object]
Purchases ,[object Object],[object Object],[object Object]
Purchase from Public-Resident Indians ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TRANSATION WITHOUT  CDF ,[object Object],[object Object],[object Object]
Purchase from NRI’s & Foreigners ,[object Object],[object Object],[object Object],[object Object]
Sales to Public ,[object Object],[object Object]
Need Money ? Foreign Exchange  - Sales  Physical Form Currency Notes Travelers Cheques Foreign Currency Card Remittance FCDD SWIFT
Eligibility for Forex sale in Physical form  Resident Indian Citizens going abroad.   Minimum Basic Documents (a) Application in the prescribed Form (b)Passport (c)Air Ticket (d)Visa Foreign Exchange  - Sales
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Foreign Exchange  - Sales
Foreign Exchange  - Sales  -Purpose ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reconversion ,[object Object]
Documents   Required  ..? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Icici TRAVEL CARD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bulk Purchase & Sales ,[object Object],[object Object],[object Object],[object Object]
Travellers Cheques ,[object Object],[object Object],[object Object],[object Object]
TC ENCASHMENTS CUSTOMER APPROACHES THE AGENT FOR ENCASHMENT AGENT ACCEPTS TC  FIXES A RATE CUSTOMER SIGNS THE TC’S IN PRESENCE OF THE  OFFICER SIGNATURE MATCH, AUTHENTICITY OF TC CURRENCY DENOMINATION  CUSTOMER IDENTIFICATION  WITH PASSPORT TOTAL VALUE OF EXCHANGE RATES APPLIED ENCASHMENT AMOUNT RBI  GUIDE LINES DOCUMENTATION OF  ID ,TAKE PHOTOCOPIES AUTHORIZATION  FROM ISSUER
Precautions to be taken while encashing Travellers Cheques ..! ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Standard security features : Bank notes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
? FRAUDS ,[object Object],[object Object]
Safe Guard against Frauds ,[object Object],[object Object],[object Object],[object Object],[object Object]
Ways of Detections ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reports to be filed..? ,[object Object],[object Object],[object Object]
FLM REPORTS FLM 1 FLM 2 FLM 3   FLM 4 FLM 5 FLM 6 FLM 7 FLM 8 ET Summary DAILY CN SUMMARY-DAILY REPORT. DAILY ET SUMMARY-DAILY REPORT. PURCHASE FROM PUBLIC-DLY/MLY REPORT. PURCHASE FROM FFMC/AD-DLY/MLY REPORT. SALE TO PUBLIC-DLY/MLY REPORT. SALE TO FFMC/AD-DLY/MLY REPORT . TC SURRENDER TO FFMC/AD-DLY/MLY REPORT . STATEMENTOF PURCHASE & SALE-DLY/MLY REPORT . PURCHASE & SALE OF TC FOR THE MONTH .
General Alertness … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
More clarification…?
Foreign Application

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Forex Presentation New

  • 1. Foreign Exchange Money Exchange Cambio Bureau De Change
  • 2.
  • 3. What is Foreign Exchange…?
  • 4. Exchange Rate ..? The rate at which one currency may be converted into another currency.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16. Need Money ? Foreign Exchange - Sales Physical Form Currency Notes Travelers Cheques Foreign Currency Card Remittance FCDD SWIFT
  • 17. Eligibility for Forex sale in Physical form Resident Indian Citizens going abroad. Minimum Basic Documents (a) Application in the prescribed Form (b)Passport (c)Air Ticket (d)Visa Foreign Exchange - Sales
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25. TC ENCASHMENTS CUSTOMER APPROACHES THE AGENT FOR ENCASHMENT AGENT ACCEPTS TC FIXES A RATE CUSTOMER SIGNS THE TC’S IN PRESENCE OF THE OFFICER SIGNATURE MATCH, AUTHENTICITY OF TC CURRENCY DENOMINATION CUSTOMER IDENTIFICATION WITH PASSPORT TOTAL VALUE OF EXCHANGE RATES APPLIED ENCASHMENT AMOUNT RBI GUIDE LINES DOCUMENTATION OF ID ,TAKE PHOTOCOPIES AUTHORIZATION FROM ISSUER
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33. FLM REPORTS FLM 1 FLM 2 FLM 3 FLM 4 FLM 5 FLM 6 FLM 7 FLM 8 ET Summary DAILY CN SUMMARY-DAILY REPORT. DAILY ET SUMMARY-DAILY REPORT. PURCHASE FROM PUBLIC-DLY/MLY REPORT. PURCHASE FROM FFMC/AD-DLY/MLY REPORT. SALE TO PUBLIC-DLY/MLY REPORT. SALE TO FFMC/AD-DLY/MLY REPORT . TC SURRENDER TO FFMC/AD-DLY/MLY REPORT . STATEMENTOF PURCHASE & SALE-DLY/MLY REPORT . PURCHASE & SALE OF TC FOR THE MONTH .
  • 34.