LIVE RATES
Sell Foreign Currency Online

Sell Foreign Currency
at the Best Buy-Back Rates

Sell USD, EUR, GBP, AED and 30+ more currencies back to Matrix at live interbank-linked buy-back rates. Free pickup in 20+ cities. INR credited within 24 hours.

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RBI-authorised AD-II Best buy-back rates in India 2.5 lakh+ customers Same-day pickup in 16 cities 40+ currencies accepted 4.9/5 on Google + Trustpilot
Buy-Back Promise

The best buy-back rates in India

Your rate is locked the moment your order is placed. The figure shown to you is the figure your INR is calculated against — no revisions at the doorstep, no surprises at the branch.

Matrix buys foreign currency notes at live interbank-linked buy-back rates across all 40+ currencies. We deduct no commissions, no service fees, and no per-note discounting penalties. The INR credited to your bank is exactly what was quoted.

Pickup is free across 16 cities. Walk-in encashment available at any of our 8 branches.

Your INR is credited
In 24 hours
Direct bank transfer after notes verification at pickup or branch. No cheques, no waiting in queues.
USD · EUR · GBP · AED · AUD · CAD · SGD · THB · CHF · JPY · SAR · HKD & 30+ more
How It Works

Sell foreign currency in 3 simple steps

1
Place your order
Tell us the currency, amount, and your city in the form above. The buy-back rate is locked instantly.
2
Schedule the pickup
Choose doorstep pickup or walk into any branch. Pickup is free in our 20+ city network.
3
Get paid in 24 hours
Notes are verified, then INR is credited to your bank account within 24 hours of verification.
Why Sell to Matrix

Best buy-back rates — guaranteed transparent

Best buy-back rates in India
We benchmark our buy-back rates against the live interbank rate so you get the best return on every note.
Free doorstep pickup or branch walk-in
Choose between same-day doorstep pickup in 16 cities, or walk into any of our 9 RBI-authorised branches.
24-hour bank credit
INR is credited to your bank account within 24 hours of notes verification — no cheques, no waiting.
All major currencies accepted
Sell USD, EUR, GBP, AED, AUD, CAD, SGD, THB, JPY, CHF, SAR, HKD, and 30+ more currencies.
Limits, Tax & Documents

How much foreign currency can you keep after a trip?

Under the RBI's FEM (Possession and Retention of Foreign Currency) Regulations 2015, an Indian resident returning from abroad may retain up to USD 2,000 — or equivalent — in foreign currency notes and traveller's cheques, indefinitely. Foreign coins may be held without limit.

Anything above USD 2,000 must be deposited in a Resident Foreign Currency Account (RFC) or sold to an authorised dealer like Matrix Forex within 180 days of your return.

Tax on selling foreign currency

No TCS is collected when you sell foreign currency back. Section 206C(1G) of the Income Tax Act applies only to forex purchases and outward remittances under LRS — not to encashment.

The INR you receive is treated as ordinary capital — no separate tax on the encashment itself. You simply declare the foreign-source income (if any) on your annual return.

Documents required

Verified at pickup or in-branch. Originals are checked; only required photocopies retained.

Passport (above ₹25,000)
PAN card
Travel proof (visa / ticket stub)
Encashment Form (we share)

Who sells to Matrix

  • Returning leisure travellers — leftover holiday cash from a single trip
  • Frequent business travellers — accumulated currency from multiple destinations
  • Returning students — closing out an account before moving back to India
  • NRIs visiting India — converting brought-in cash to INR for local use
Currencies & Countries

Go Global with Matrix Forex

Send money, convert currency, or buy travel cash for almost any destination — with one transparent rate.

Thailand flagThailand THB United States flagUnited States USD Vietnam flagVietnam VND Singapore flagSingapore SGD Eurozone flagEurozone EUR United Kingdom flagUnited Kingdom GBP Switzerland flagSwitzerland CHF UAE flagUAE AED Australia flagAustralia AUD Canada flagCanada CAD Indonesia flagIndonesia IDR Japan flagJapan JPY Saudi Arabia flagSaudi Arabia SAR Qatar flagQatar QAR South Africa flagSouth Africa ZAR Sri Lanka flagSri Lanka LKR Mauritius flagMauritius MUR Malaysia flagMalaysia MYR Hong Kong flagHong Kong HKD New Zealand flagNew Zealand NZD Sweden flagSweden SEK Norway flagNorway NOK Denmark flagDenmark DKK Czech Republic flagCzech Republic CZK South Korea flagSouth Korea KRW China flagChina CNY Russia flagRussia RUB Bangladesh flagBangladesh BDT
United States flag Send to United States USD United Kingdom flag Send to United Kingdom GBP UAE flag Send to UAE AED Australia flag Send to Australia AUD Canada flag Send to Canada CAD Singapore flag Send to Singapore SGD Switzerland flag Send to Switzerland CHF Germany flag Send to Germany EUR France flag Send to France EUR Ireland flag Send to Ireland EUR New Zealand flag Send to New Zealand NZD Saudi Arabia flag Send to Saudi Arabia SAR Hong Kong flag Send to Hong Kong HKD Japan flag Send to Japan JPY Sweden flag Send to Sweden SEK Norway flag Send to Norway NOK Denmark flag Send to Denmark DKK South Africa flag Send to South Africa ZAR Mauritius flag Send to Mauritius MUR Malaysia flag Send to Malaysia MYR Thailand flag Send to Thailand THB Vietnam flag Send to Vietnam VND
★ 4.9/5 from 2.5 Lakh+ customers

Trusted by Global Indians

Real stories from travellers, students, and families.

Got Questions?

Frequently Asked Questions

How much foreign currency can I keep after returning to India?
Up to USD 2,000 (or equivalent) in foreign currency notes and traveller's cheques, indefinitely. Foreign coins have no limit. Anything above the USD 2,000 cap must be sold to an authorised dealer within 180 days of return.
Is selling foreign currency in India legal?
Yes, when sold to an RBI-authorised entity — AD Category I (banks), Category II (Matrix Forex), or a Full-Fledged Money Changer. Sales to unauthorised dealers are prohibited under FEMA Section 10.
Does TCS apply when I sell foreign currency to Matrix?
No. Section 206C(1G) of the Income Tax Act applies to forex purchases and outward remittances under LRS — not to selling foreign currency back to an authorised dealer. GST applies on the service margin and is disclosed upfront.
What documents do I need to sell foreign currency?
Passport, PAN (mandatory above ₹50,000), and one address proof. CDF only if you carried into India more than USD 5,000 in notes or USD 10,000 in total. NRIs additionally need a valid visa or OCI card.
Can I sell foreign currency without a PAN card?
Yes, for transactions up to ₹50,000. PAN becomes mandatory for any forex transaction at or above ₹50,000.
How fast will I receive my INR?
IMPS or NEFT credit, typically same working day after pickup or branch visit and document verification.
What is the minimum amount I can sell?
No minimum. Any amount of unspent foreign currency notes.
What happens if I don't surrender the excess within 180 days?
Holding foreign currency above the USD 2,000 cap beyond 180 days is a contravention of FEMA. RBI compounding is available in genuine cases; encashing within the window is simpler.
Can NRIs sell foreign currency to Matrix Forex?
Yes, subject to FEMA provisions for non-resident sellers and standard documentation including a valid visa or OCI card.
Can I sell my forex card balance to Matrix Forex?
If your card was issued by Matrix Forex, yes. If issued by another bank, the refund is handled by the issuer; we can help you understand their process.
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