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India Post 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.

India Post 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.

1. Foreign Currency Notes

India Post offers banknotes of following currencies

2. Travelers Cheques:

Following American Express Travelers Cheques are offered by India Post

3. Travel Card: Forex Plus Card

India Post offers HDFC Bank Ltd. Store Value Card

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.

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.