US Dollar
Euro
British Pound
UAE Dirham
Australian Dollar
Singapore Dollar
LIVE RATES
RBI-authorised AD-II
15 years in business
3 lakh+ customers
8 branches, 16 cities
40+ currencies
4.9/5 on Google
Our Rate Promise
The rate you see is the rate you get
Matrix sells foreign currency at the live interbank rate — the rate at which authorised dealers themselves transact. There is no spread, no markup, and no margin built into the exchange rate you are quoted.
When you buy USD 1,000 from Matrix, the INR you pay is calculated against the live interbank rate at the moment your order is locked. The rate updates in real time inside the form above.
The only additional charge is the GST applicable on the service component, disclosed upfront. No conversion fees. No service charges. No delivery fee within our 16 cities.
| Where you buy | Markup | Loss on ₹1L |
|---|---|---|
| Most banks | 3–5% | ₹3,000–₹5,000 |
| Other online providers | 2–3% | ₹2,000–₹3,000 |
| Matrix Forex | 0% | ₹0 |
How It Works
Buy foreign currency in 4 simple steps
1
Fill the form
Enter currency, amount, city, and phone in the hero form. Live rate displays as you type.
2
Get a callback
A Matrix advisor confirms the live rate, takes your delivery details, and explains the documents to keep ready.
3
Pay your way
Pay online by UPI, NEFT, or card. Pay-on-delivery is available in all cities we serve.
4
Receive at your door
Same-day door delivery in 16 cities. KYC verified at your doorstep — PAN, passport, visa or ticket.
Prefer in-person? Visit any of our 8 branches. Same rate, same service.
Why Matrix Forex
Why customers buy from Matrix Forex
Three things define how Matrix sells foreign currency: the rate, the network, and the people behind your order.
Live interbank rates, with no markup
Matrix is RBI-authorised AD-II under FEMA 1999. We transact at the live interbank rate and pass it on without a spread.
8 branches and 16 city door delivery
Foreign currency delivered the same day to your door across 16 cities, fulfilled from our 8 branches in Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Kanpur and Tiruppur.
An advisor handles your order — not a queue
Every order is handled by a named Matrix advisor. The same person calls you back, locks your rate, and is reachable for the next order.
RBI Authorised Dealer Cat-II under FEMA 1999
Licence No. NDL-ADII-0023-2023. All transactions backed by full FEMA documentation and TCS / GST receipts.
LRS, TCS & Documents
How much foreign currency can you buy in a year?
Under the RBI's Liberalised Remittance Scheme (LRS), every Indian resident can purchase or remit up to USD 250,000 per financial year for permitted purposes — travel, education, medical treatment, family support, gifts, and investments combined.
Cash carried abroad in foreign currency notes has a sub-limit of USD 3,000 per trip. The balance is carried via forex card, traveller's cheque, or wire transfer. Travel to Iran, Russia, and CIS countries permits a higher cash limit.
Tax Collected at Source (TCS)
TCS applies on LRS transactions exceeding ₹10 lakh per person per financial year. Below the threshold, no TCS is collected.
- Education funded through a Section 80E loan: 0% TCS, regardless of amount
- Self-funded education and medical treatment abroad: 2% on amount above ₹10 lakh
- Other LRS purposes (travel, gifts, family support, investments): 20% on amount above ₹10 lakh
- Overseas tour packages: 2% up to ₹10 lakh, 20% above
TCS is not a final tax — it is reflected in your Form 26AS and adjusted against your final income tax liability when you file your annual return.
Documents required
Verified at your doorstep or branch. Originals are checked; only required photocopies retained.
PAN card
Passport
Visa or international ticket
LRS Form A2 (we share)
Common use cases
- Holiday travel — tips, taxis, local markets, small establishments
- Business travel — multi-country itineraries and last-minute trips
- Students — starter cash for first few days abroad
- Limited-card destinations — Vietnam, Cambodia, Sri Lanka, parts of South-East Asia & Africa
Got Questions?
Frequently Asked Questions
Is buying foreign currency online from Matrix safe?
Yes. Matrix Forex Services Pvt Ltd is licensed by the RBI as Authorised Dealer Category-II under FEMA 1999 (Licence No. NDL-ADII-0023-2023). 15 years in business; 3 lakh+ customers across 8 branches.
How fast is delivery?
Same-day door delivery is available across 16 cities, fulfilled from our 8 branches. Your Matrix Forex advisor confirms the exact slot during the callback.
How much foreign currency can I buy in a year?
Under RBI's LRS, every Indian resident can purchase or remit up to USD 250,000 per financial year combined across travel, education, medical, family support, gifts and investments. Cash carry sub-limit is USD 3,000 per trip.
Can I pay on delivery?
Yes. Pay-on-delivery is available across all the cities we serve. Standard online options are UPI, net banking and NEFT.
Forex card or cash — which should I carry?
Most travellers use a forex card for everyday spending and supplement with USD 200–500 equivalent in cash for tips, taxis and small establishments. Your advisor can recommend the right split for your destination.
What documents are required?
PAN card, passport, and a valid visa or confirmed international ticket. Form A2 LRS declaration is shared by your advisor before delivery. Documents are verified by the delivery executive at your doorstep.
Are there any hidden charges?
No markup on the exchange rate; the rate displayed in the form is the rate at which your order is locked. GST is applicable on the service component as required by law and is disclosed upfront. TCS applies only above ₹10 lakh per FY.
Can NRIs buy foreign currency from Matrix?
LRS is applicable only to Indian residents. NRIs have separate FEMA provisions including remittances from NRO and NRE accounts. Our team can guide you through the appropriate process.
What is the cash carry limit when travelling abroad?
Indian residents may carry foreign currency notes equivalent to USD 3,000 per trip. Higher limits apply for travel to Iran, Russia and CIS countries. The balance can be carried via forex card, traveller's cheque or wire transfer.
How is Matrix different from other online forex providers?
Matrix is RBI-authorised AD Category-II, transacting directly with customers rather than routing through partners. We sell at the live interbank rate without markup. Every order is handled by a named Matrix Forex advisor.
What is the Liberalised Remittance Scheme (LRS)?
The Liberalised Remittance Scheme is the RBI framework that lets a resident individual remit up to USD 250,000 per financial year for permitted purposes — travel, education, medical treatment, gifts, investment and maintenance of relatives abroad. Currency you buy for travel, and forex card loads, count towards the same annual LRS limit.
What is TCS on foreign remittance, and when does it apply?
Tax Collected at Source applies above ₹10 lakh per person per financial year on LRS remittances, with the rate depending on purpose — education funded by a loan from a financial institution is treated more favourably than a general overseas tour package. TCS is not an extra cost: it is credited against your income tax liability and can be claimed in your return.
Can I avoid TCS on foreign remittance?
It is not something to avoid so much as to plan. TCS only bites above the ₹10 lakh annual threshold, the applicable rate depends on the declared purpose, and whatever is collected is adjustable against your tax liability when you file. Declaring the correct purpose code and keeping the collection certificate is what matters; under-declaring the purpose is not a legitimate route.
How much foreign currency can I carry from India?
Up to the USD 3,000 equivalent may be carried as foreign currency notes per trip; the balance of your entitlement can go on a forex card or as travellers cheques, within the overall LRS limit. There are separate, higher cash allowances for a few destinations, and you may carry up to ₹25,000 in Indian currency notes out of India.
How do I buy USD in India online?
Choose the currency and amount, lock the live rate, complete digital KYC with PAN and Aadhaar, and pick door delivery or branch collection. For amounts above the USD 3,000 equivalent you add passport and travel documents. Buying US dollars online this way is settled at the interbank rate with zero markup, rather than the marked-up rate a counter quotes.
Is the airport currency exchange rate worse?
Consistently, yes. Airport counters price for captive demand and typically sit 3–5% off the interbank rate, sometimes more, and often add a per-transaction fee on top. Buying foreign currency in India before you fly, at the live rate and delivered to your door, is close to always cheaper than exchanging currency at either departure or arrival.
Is it liberalised or liberalized remittance scheme, and what is the LRS limit?
Both spellings refer to the same thing — the Reserve Bank of India writes it Liberalised Remittance Scheme, and the liberalized remittance scheme spelling is just the American variant of the same RBI rule. Under LRS a resident individual may remit up to USD 250,000 per financial year across all permitted purposes combined: travel, education, medical treatment, gifts, maintenance of relatives abroad and overseas investment.
Is there TDS on foreign remittance, or is it TCS?
For a resident individual remitting under LRS it is TCS — Tax Collected at Source — not TDS. People search for TDS on foreign remittance because the two are easily confused, but TDS under section 195 applies when you pay a non-resident income that is taxable in India, which is a different situation. On your travel money or tuition transfer, what appears is TCS above the annual threshold, and it is creditable against your income tax.
Where can I exchange currency in India?
Legally, only through an RBI-authorised entity: an Authorised Dealer bank, an AD Category-II dealer such as Matrix Forex, or a licensed Full Fledged Money Changer. Anyone else offering to exchange foreign currency — including the informal market — is not authorised, and the transaction is not legal for you either. Matrix Forex holds RBI AD Category-II Licence No. NDL-ADII-0023-2023 and delivers to your door across 16 cities.
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