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Matrix Forex Services Pvt Ltd is licensed by the Reserve Bank of India as an Authorised Dealer Category-II under the Foreign Exchange Management Act, 1999. This authorisation permits us to deal in foreign currency notes, forex cards, and outward remittances under the Liberalised Remittance Scheme (LRS). Unlike unlicensed money changers, every transaction at Matrix Forex is documented, reported, and compliant with RBI's master directions.
Banking & Remittance Partners
Matrix Forex Services Pvt. Ltd. is an RBI-authorised Authorised Dealer Category-II (Licence No. NDL-ADII-0023-2023). Remittances within our Category-II authorisation are handled by Matrix Forex directly. Where an outward remittance requires an Authorised Dealer Category-I bank, it is carried out with the partner set out below, which states the partner's role and which entity executes and is responsible for the transaction. All transactions are handled under FEMA 1999 and, where applicable, the Liberalised Remittance Scheme.
What Matrix Forex does: For these transactions Matrix Forex sources the customer and refers the outward remittance requirement to RBL Bank for processing and execution.
What RBL Bank does: RBL Bank Limited is the Authorised Dealer (Category-I) that executes the transaction. RBL Bank is fully responsible for the transaction. It completes the documentation, carries out the KYC and AML checks, executes the remittance to the beneficiary through the SWIFT network, and shares the SWIFT copy and GST invoice with the customer.
Products: Outward remittance under the Liberalised Remittance Scheme (LRS).
Credit timeline: Remittances are generally credited to the beneficiary within 48 working hours of successful processing, subject to KYC and AML compliance by RBL Bank.
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Regulatory Documents
Key RBI Master Directions, circulars, and notifications relevant to foreign exchange transactions. Click any document to view or download.