Forex

Shatakshi Group is keen to offer foreign exchange related services viz-a-viz money changing (purchase & sale of forex products), private overseas remittance (international money transfer). All of our transactions tend to be fulfilled either through our branches or through our own locations of our partnering exchange companies and banks.
Our customers can buy sell currency notes, pre-paid forex cards, traveller cheques / send a remittance using either wire transfers or demand drafts. Orders can even be door delivered provided the location servicing your order accepts door delivery requests. All orders are processed at Shatakshi Group rates, which are better than most banks' and money changer's rates and at extremely competitive.

Shatakshi Group deals in the following currencies at present:

  • US Dollar (USD)
  • Euro (EUR)
  • British Pounds (GBP)
  • Japanese Yen (JPY)
  • Swiss Franc (CHF)
  • Hong Kong Dollar (HKD)
  • Australian Dollars (AUD)
  • New Zealand Dollars (NZD)
  • Canadian Dollars (CAD)
  • UAE Dirham (AED)
  • Saudi Riyal (SAR)
  • Singapore Dollar (SGD)
  • Swedish Krona (SEK)
  • Thai Bahts(THB)


Prepaid travel foreign currency cards

Prepaid travel cards are Master/ VISA cards similar to credit and debit cards, but with definitely certain additional advantages. You can withdraw cash and at most businesses throughout the world using our prepaid cards at ATMs worldwide. You can upload these provided cards with the desired amount of currency at a fixed rate. Some of the major benefits of cards are as follows:

{a}-Safest and recommended form of carrying currency nowadays. These travel cards are pin protected, have substantially configurable spending limits and can be fully replaced in case stolen or lost.

{b}-Most of the time, available at better rates than traveller cheques and currency notes (cash).

{c}-Better than debit cards/ credit cards - With Prepaid Travel card you can avoid paying the 2% - 5% transaction fees (Visa/ MasterCard, issuing bank fees) that is charged when you use your international credit/debit card.

{d}-Convenient - It can be re-loaded at any time. 24x7 customer care service.

{e}-Travel cards (MasterCard or Visa) are readily accepted at most foreign establishments (hotels, stores etc.) without any additional charge.

{f}-Freedom to withdraw required cash from ATMs abroad at free of charge

{g}-It does come with free insurance cover.

Traveller's Cheques (TC's)

Traveler's cheques are pre-printed fixed amount cheques that need to be signed twice, once upon delivery and once at the time of use, to encash. Traveler's cheques have become obsolete and is being replaced with prepaid travel cards. But still safer than the currency notes, traveler's cheques are also not accepted to many foreign establishments. Therefore, it is always recommended to have a prepaid travel cards instead of traveller's cheques.

Wire Transfer (TT)

Wire Transfers are also a popular method of remitting money overseas. By this method, funds can be transferred electronically to a foreign bank account. This transfers are processed using the SWIFT protocol and demands the customer to submit the beneficiary's personal details and bank details.