LIVE RATES
RBI-authorised AD-II Best buy-back rates in India 3 lakh+ customers Same-day pickup in 16 cities 40+ currencies accepted 4.9/5 on Google
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
THB
United States
USD
Vietnam
VND
Singapore
SGD
Eurozone
EUR
United Kingdom
GBP
Switzerland
CHF
UAE
AED
Australia
AUD
Canada
CAD
Indonesia
IDR
Japan
JPY
Saudi Arabia
SAR
Qatar
QAR
South Africa
ZAR
Sri Lanka
LKR
Mauritius
MUR
Malaysia
MYR
Hong Kong
HKD
New Zealand
NZD
Sweden
SEK
Norway
NOK
Denmark
DKK
Czech Republic
CZK
South Korea
KRW
China
CNY
Russia
RUB
Bangladesh
BDT
Send to United States
USD
Send to United Kingdom
GBP
Send to UAE
AED
Send to Australia
AUD
Send to Canada
CAD
Send to Singapore
SGD
Send to Switzerland
CHF
Send to Germany
EUR
Send to France
EUR
Send to Ireland
EUR
Send to New Zealand
NZD
Send to Saudi Arabia
SAR
Send to Hong Kong
HKD
Send to Japan
JPY
Send to Sweden
SEK
Send to Norway
NOK
Send to Denmark
DKK
Send to South Africa
ZAR
Send to Mauritius
MUR
Send to Malaysia
MYR
Send to Thailand
THB
Send to Vietnam
VND
4.9/5 from 3 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.
How do I sell forex or sell leftover foreign currency?
Bring back unspent currency notes and Matrix Forex buys them at the live interbank rate with zero markup, at any branch or by arranging a pickup in a delivery city. You need the currency, your PAN and the encashment or purchase record. Residents are expected to surrender unused foreign exchange within 180 days of return under FEMA, so selling currency back promptly is also the compliant route.
Is it safe to sell forex to a money exchanger?
Only if they are RBI-authorised. An authorised dealer must verify KYC, issue a receipt and report the transaction; an unlicensed changer offering an unusually good rate for cash is doing none of that, and the transaction is not legal for you either. Matrix Forex is an RBI Authorised Dealer Category-II (Licence No. NDL-ADII-0023-2023), and every sale comes with a receipt.
Can I sell currency online?
You start online — lock the live rate and book the transaction — and the physical notes are handed over either at a branch or to the delivery agent, because currency notes have to change hands somewhere. Payment is credited to your bank account once the notes are verified.
Ready to Get India's Best Forex Rates?
Stop overpaying. Matrix Forex — transparent, RBI-authorised, doorstep delivery nationwide.