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✈️ LRS Compliant & Safe

Send Money Abroad:
Fast, Compliant & Worry-Free

Whether you're supporting a student abroad, paying medical expenses, or helping family overseas, Matrix Forex makes every transfer simple, transparent, and fully RBI-compliant under the LRS.

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Live interbank rate · no markup Funds reach in < 24 hours* RBI-authorised AD-II · SWIFT

*Funds are processed and settled within 24 hours. Beneficiary credit times may vary by destination and intermediary banks.

Why Matrix Forex For Remittance

Live interbank rate. No markup.

Most banks add a markup of 1.5% to 3% on top of the interbank rate, and they don't show it as a line item. It's built into the rate you see. Matrix Forex sells at the interbank rate directly.

On a ₹10 lakh tuition payment, that difference alone is usually ₹15,000 – ₹30,000 in your pocket.

Matrix Forex is licensed by the RBI as an Authorised Dealer Category-II (Licence No. NDL-ADII-0023-2023). Every remittance is processed under the Liberalised Remittance Scheme and FEMA, 1999. Funds move through the regulated SWIFT network via our partner banks.

Save on a ₹10 lakh transfer
Most banks (1.5–3% markup)−₹15,000–₹30,000
Online-only providers (~1%)−₹10,000
Matrix Forex₹0 markup
Why People Send Money Abroad

All LRS purposes supported

Under LRS, a resident individual can remit up to USD 250,000 per financial year across any of the permitted purposes below.

Tuition fees and university deposits

Fee payment to a foreign university, accommodation deposits, and confirmation deposits for admission. If your university uses a payment portal, we can remit directly to that portal.

Living expenses for students abroad

Monthly maintenance to a son or daughter studying abroad: rent, groceries, daily costs. Booked under 'studies abroad' purpose code.

Medical treatment abroad

Hospital bills, surgery costs, doctor's estimates, and accompanying-attendant expenses. Foreign hospital estimate documentation needed.

Family maintenance & gifts

Sending money to a close relative living abroad — parent, child, spouse, sibling. Includes gifts under the LRS limit.

Hotel & accommodation paid direct

Paying a foreign hotel, an Airbnb host, or a rental directly from India counts as outward remittance under LRS.

Investments & immovable property

Investments in foreign securities, real estate purchase abroad, or contributions to overseas funds, all within LRS purposes.

LRS, TCS & Eligibility

What you need to know before you transfer

How much can I send in a financial year?

Up to USD 250,000 per resident individual per financial year. This is a combined cap across all LRS purposes — tuition, family support, hotel bookings, and any forex card you load all count toward the same USD 250,000.

Who is eligible?

Any resident Indian individual, including minors (signed by guardian). Companies, partnerships, and trusts have separate FEMA frameworks and use a different remittance window — see Corporate Forex.

Will TCS be deducted from my transfer?

TCS applies above the ₹10 lakh per-FY threshold. The earlier ₹7 lakh threshold is obsolete — it was raised to ₹10 lakh effective FY 2024-25 and continues at ₹10 lakh under Finance Act 2026.

TCS rates by purpose · 2026
Education via Section 80E loan
0% TCS
No threshold
Education — self-funded
2%
Above ₹10L
Medical treatment abroad
2%
Above ₹10L
Overseas tour package
2% flat / 2% flat / Any amount
Family / gifts / hotel / other
20%
Above ₹10L

TCS is collected by the AD bank at transfer. It is not a final tax — it appears in your Form 26AS and is adjusted against your final income tax liability when you file your annual return.

How To Transfer

Send money abroad in 4 simple steps

1
Get a live quote
Use the calculator on this page or fill the hero form. The live interbank rate locks the moment you book. We can hold the rate while you complete documentation.
2
Share beneficiary details
Beneficiary name, bank account number, SWIFT/BIC code, bank address, and — for some destinations — IBAN or routing/sort codes. We tell you what's needed for your corridor.
3
Upload documents
PAN, passport, and purpose-specific documents (e.g. tuition invoice, medical estimate). Upload via WhatsApp or email — no branch visit needed.
4
Sign A2 & send
Sign Form A2 digitally. We process the transfer through SWIFT via our partner banks. Funds typically reach the beneficiary in < 24 hours.*
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Why Choose Matrix

Why Choose Matrix Forex for International Transfers?

A regulated Indian partner for fast, transparent, and stress-free outward remittances.

Zero Markup
The rate you see is the live interbank rate. We apply zero spread, with no hidden margin inside the rate.
RBI Cat-II Authorised
Licence No. NDL-ADII-0023-2023. Unlike aggregators, we hold our own RBI Category II licence and transact directly.
Doorstep Delivery
Foreign currency delivered the same day across 16 cities. Order before the 2 PM cut-off. Verified, counted, sealed.
Direct Branch Access
When you call, you reach our branch team directly, not a call-centre queue. Every branch has a named manager.
40+ Currencies
From USD and EUR to Vietnamese Dong and Mauritian Rupee, we support 40+ currencies covering every major destination.
100% Digital Journey
Order online, complete KYC digitally, pay via UPI and track your order, all from your phone.
Start Your Transfer →
Matrix Forex
2.5 Lakh +
Happy Customers
₹4500Cr+
Forex Processed
40+
Currencies
8
Branches
4.9★
Google Rating

Send Money Abroad, Fast & Safe

SWIFT-powered transfers to 150+ countries · RBI-compliant

Before You Send

Important Things to Know Before Sending Money Overseas

Before you send money abroad with Matrix Forex, it helps to keep a few key rules and requirements in mind.

🏦 Bank Details (SWIFT / IBAN)

Ensure you have the exact SWIFT/BIC code and IBAN/Account Number. One wrong digit can delay funds transferred abroad.

📋 Purpose Codes

Select the correct purpose code (e.g., Education, Family Maintenance) to prevent rejection by intermediary banks.

⚖️ LRS Limits & TCS

Remittances fall under the LRS limit of USD 2,50,000/year. Tax Collected at Source (TCS) may apply above ₹10 lakh.

📄 KYC Documents

Keep your PAN Card and valid Passport handy. Supporting documents (invoice/university letter) may be needed.

★ 4.9/5 from 2.5 Lakh+ customers

Trusted by Global Indians

Real stories from travellers, students, and families.

★★★★★

Matrix Forex offers reliable and transparent currency exchange with competitive rates. The process is smooth and customer support is responsive.

H
★★★★★

Well structured and smooth process. They gave me the best price in the market. Definitely suggest Matrix for travel needs.

S
★★★★★

Very fast and efficient unlike other platforms who put you in a lot of hassle. Matrix is my preferred forex platform.

A
★★★★★

Excellent service. The staff was friendly and helpful. I got my card activated instantly.

P
★★★★★

Best currency exchange in town. Wanted INR to Malaysian Ringgit — delivered same day. Best service and pricing in Bangalore.

M
★★★★★

Got my USD delivered to Koramangala in 4 hours at better rates than the local forex shop. Won't go anywhere else.

A
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
Remittance FAQs

Questions About Sending Money Abroad

How much money can I send abroad from India?
Up to USD 250,000 per financial year per resident individual under the Liberalised Remittance Scheme, combined across all permitted purposes (tuition, family support, hotel, investment, etc.).
How long does an outward remittance take?
Funds typically reach the beneficiary in less than 24 hours via the SWIFT network. We can hold the rate while you complete documentation.
What documents are needed to send money abroad?
PAN, passport, and purpose-specific documents (e.g. tuition invoice, medical estimate). For tuition, the university's invoice or admission letter. Form A2 is signed digitally.
Will TCS be deducted from my transfer?
TCS applies above ₹10 lakh per FY. Education via Section 80E loan: 0%. Self-funded education and medical: 2% above ₹10L. Other LRS purposes: 20% above ₹10L. Overseas tour packages: 2% flat.
Can I send money to my child studying abroad?
Yes. We process tuition fee payments, accommodation deposits and monthly maintenance under 'studies abroad' purpose code. Direct payment to university portals also supported.
Is there a markup or fees on the exchange rate?
Zero Markup, Matrix Forex transacts at the live interbank rate, with no spread and no built-in margin. Costs disclosed upfront before you confirm.
Which countries can I send money to?
Worldwide via SWIFT: US, UK, Canada, Australia, EU countries, Singapore, UAE, and dozens more. We tell you exactly what beneficiary details are needed for each corridor.
Is online remittance safe?
Yes. Matrix Forex is RBI-authorised AD-II (Licence No. NDL-ADII-0023-2023). All remittances are processed under FEMA 1999 with bank-grade encryption.
Send Money Abroad Today, Fast & Compliant
Live interbank rates, zero hidden charges. An RBI-authorised Category-II dealer.
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