LIVE RATES

Sell Foreign Currency Online

Sell Foreign Currency
at the Best Buy-Back Rates

Sell USD, EUR, GBP, AED and 40 currencies in total back to Matrix at live buy-back rates. Free pickup in 16 cities. INR credited within 24 hours.

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LIVE RATES

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You buy

Total cost

INR ₹0.00

1 — = ₹--

Free doorstep delivery, or collect from your branch

We’ve got it

Our team will call you shortly to confirm your order and arrange delivery.

How do you want it?

Cash Only — Best rate Forex Card — Card + Cash — avg

RBI-authorised · Pay only on delivery · No spam

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 across 40 currencies, subject to current availability, at live buy-back rates. 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 RBI-authorised 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 · NZD & 16 more

Foreign Currency Buy-Back Rates

Check the value before you sell

The 12 currencies with a dedicated rate page. Values come live from MatrixRates.getSellRate(), never hardcoded.

Currency

You sell

Buy-back rate

Action

🇺🇸

US DollarUSD

1 USD

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Sell USD →

🇪🇺

EuroEUR

1 EUR

—

Sell EUR →

🇬🇧

British PoundGBP

1 GBP

—

Sell GBP →

🇦🇪

UAE DirhamAED

1 AED

—

Sell AED →

🇦🇺

Australian DollarAUD

1 AUD

—

Sell AUD →

🇨🇦

Canadian DollarCAD

1 CAD

—

Sell CAD →

🇸🇬

Singapore DollarSGD

1 SGD

—

Sell SGD →

🇹🇭

Thai BahtTHB

1 THB

—

Sell THB →

🇨🇭

Swiss FrancCHF

1 CHF

—

Sell CHF →

🇯🇵

Japanese YenJPY

1 JPY

—

Sell JPY →

🇸🇦

Saudi RiyalSAR

1 SAR

—

Sell SAR →

🇳🇿

NZ DollarNZD

1 NZD

—

Sell NZD →

16 more quoted live in the converter. Explore all currencies →

A close-up of a hand holding a stack of international banknotes, including a 100 US dollar bill, 50 Euro bill, and a British Pound note, positioned over a modern glass-front counter with green marble accents.

Direct Answer

How do you sell foreign currency in India?

Matrix Forex is an RBI Authorised Dealer Category-II. To sell foreign currency, select the currency and amount to see the buy-back rate, choose doorstep pickup or a branch visit, then complete note and KYC verification. INR is credited to your bank account within 24 hours of successful verification, or at the time of delivery once the foreign currency notes have been checked and verified.

How It Works

Sell foreign currency in 3 simple steps

Place your order

Tell us the currency, amount, and your city in the form above. The buy-back rate is locked instantly.

Schedule the pickup

Choose doorstep pickup or walk into any branch. Pickup is free across our 16-city network.

Get paid in 24 hours

Notes are verified, then INR is credited to your bank account within 24 hours, or during doorstep fulfilment where applicable.

Sell By Currency

What are you selling?

Why Sell to Matrix

Best buy-back rates, transparent by design

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 8 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, NZD and more.

Forex Buy-Back Rate Explained

Why is the sell rate different from the market rate?

Market reference

The broader foreign-exchange market rate is a reference point, not automatically your transaction rate.

Matrix buy-back rate

Matrix buys foreign currency notes at live buy-back rates, with no commissions and no per-note discounting.

Locked at order

Your rate locks the moment your order is placed. The figure shown is the figure your INR is calculated against.

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

Currency Note Verification

Will every note be accepted?

Supported currency

The currency must be part of Matrix's current transaction set for encashment.

Note series

Withdrawn, obsolete or discontinued note series may require different handling, or may not be accepted.

Note condition

Damaged, heavily marked or non-standard notes may need review before final settlement.

Final verification

Transaction terms become final once notes and documents are verified.

Currencies & Countries

Go Global with Matrix Forex

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

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 South Africa ZAR

Send to Mauritius MUR

Send to Malaysia MYR

Send to Thailand THB

Send to Vietnam VND

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. Trust Matrix Forex transparent, RBI-authorised, doorstep delivery and nationwide services.

Sell Forex Now Check Live Rates

Sell Foreign Currencyat the Best Buy-Back Rates

The best buy-back rates in India

Check the value before you sell

How do you sell foreign currency in India?

Sell foreign currency in 3 simple steps

What are you selling?

Best buy-back rates, transparent by design

Why is the sell rate different from the market rate?

How much foreign currency can you keep after a trip?

Tax on selling foreign currency

Documents required

Who sells to Matrix

Will every note be accepted?

Go Global with Matrix Forex

Frequently Asked Questions

Sell Foreign Currency
at the Best Buy-Back Rates