Challenges in Forex Transactions in India

Challenges in Forex Transactions in India

  1. Limited Availability of Forex Dealers – Finding authorized forex dealers in India can be difficult in some regions.
  2. High Forex Conversion Charges – Many currency exchange providers in India charge excessive fees.
  3. Strict Forex Documentation – Stringent KYC forex requirements delay transactions.
  4. Limited Acceptance of International Cards – Some foreign exchange POS systems in India do not support all cards.
  5. Risk of Forex Scams – Dealing with unauthorized forex agents increases risks.
February 27, 2025 — Amit Tiwari
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