What is forex cash?

Created by Dada Khalandar khalandar S, Modified on Thu, 27 Mar at 4:03 PM by Dada Khalandar khalandar S

The Forex Cash feature Niyo provides through its digital app is designed for the convenience of Indians traveling abroad for various purposes. This service allows customers to order foreign currency and have it delivered directly to their doorstep while enjoying zero forex markup on their purchases.

Customers can order foreign cash starting from a minimum of 100 USD, with a maximum limit of 2800 USD. It’s important to note that foreign currency purchases through Niyo Global are subject to the Liberalised Remittance Scheme (LRS), which imposes an annual limit of $250,000. Users must ensure compliance with this regulation when ordering foreign cash.