ForexPoint Financial Services Pvt.Ltd is here to assist you with all your foreign exchange needs.Whether you are planning international travel,business transactions or require currency exchange,our team is ready to provide fast,secure and RBI-authorized services.
We are committed to delivering seamless support with transparent processes,competitive rates and personalized assistance.Reach out to us for quick guidance,reliable forex solutions and a hassle-free experience.
Effective date: 3 January 2025
Forexpoint Financial Services Private Limited is committed to full compliance with applicable laws,regulatory guidelines and ethical standards governing foreign exchange operations in India.
The Company operates as a Full-Fledged Money Changer (FFMC) under authorization from the Reserve Bank of India (RBI) in accordance with:
• Foreign Exchange Management Act, 1999 (FEMA)
• RBI Master Direction – Money Changing Activities (as updated)
• Prevention of Money Laundering Act, 2002 (PMLA)
• RBI KYC Master Direction (as amended)
Forexpoint Financial Services Private Limited is authorized by the Reserve Bank of India to undertake money changing activities.
• License Number: KOL-FFMC-0937-2024
The license is prominently displayed at all business locations as required.
The Company undertakes the following permitted activities:
• Purchase of foreign currency notes, coins
• Sale of foreign exchange for private and business travel (within RBI limits)
• Encashment services for inbound travelers
All transactions are conducted strictly within RBI-prescribed limits and documentation requirements.
Forexpoint maintains a robust Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) framework in line with:
• Prevention of Money Laundering Act, 2002
• RBI KYC Master Direction
• Customer Identification Program (CIP)
• Risk-based Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD) for high-risk customers
• Screening against sanctions / watchlists
• Ongoing transaction monitoring
Suspicious transactions are reported to the Financial Intelligence Unit - India in accordance with regulatory requirements.
The Company complies with all statutory record-keeping and reporting obligations:
• Maintenance of transaction records as per regulatory timelines
• Filing of STRs and CTRs with Financial Intelligence Unit - India
• Preservation of KYC and transaction data for the prescribed period
• Forexpoint has implemented a strong internal control framework, including:
• Appointment of a Principal Officer (AML Compliance)
• Concurrent and periodic internal audits
• Staff training on AML/KYC and regulatory compliance
• Board-level oversight of compliance risks
We are committed to fair and transparent dealings:
• Clearly displayed exchange rates and service charges
• Issuance of proper receipts for all transactions
• Compliance with RBI documentation requirements
• No engagement in unauthorized forex transactions
Customer information is handled with strict confidentiality and in accordance with applicable data protection laws:
• Used only for legitimate and regulatory purposes
• Protected against unauthorized access
• Shared only with regulators or law enforcement when required
Customers may contact us for any complaints or queries:
• Email: saikat@forexpoint.co.in
• Phone: 8298364722
The Company does not engage in:
• Transactions exceeding RBI-prescribed limits
• Anonymous or fictitious accounts
• Any activity that violates FEMA, PMLA, or RBI guidelines
Foreign exchange transactions are subject to regulatory restrictions under FEMA and guidelines issued by the Reserve Bank of India. Customers are responsible for ensuring compliance with applicable laws.
