Transcorp Money Home  Email  Sitemap
Transcorp FAQ's Money Transfer
Transcorp Forex
Arrow Money Changing Home Arrow Product Range Arrow Forex Risk Management Arrow Guidelines Arrow Buying & Selling Currency Arrow Locations Arrow FAQs
Money Changing Ritco Tours & Travels Ritco Tours & Travels

Join Transcorp
 

Follow Transcorp on Twitter  


Participation in International Conferences/SeminarsAr

|| General FAQ's || Private Visits || Business Visits ||
|| Participation in International Conferences/seminars || Training / Study Tour ||
|| Studies Abroad || Medical Treatment || Employment/ Emigration abroad ||
|| Other Purpose ||
  • What is the procedure for availing exchange facility for participation in international conferences/ seminars ?
    Applicant should submit to an authorised dealer a letter in duplicate from the sponsoring institution (from the applicant in cases of self- employed professionals). The application should indicate the name, address, nationality and passport number, duration of visit, foreign exchange required and a certificate from the employer that the expenses are being borne by them. A brochure giving full particulars of the conference/seminar should also be submitted along with the application.

  • What is the quantum of exchange released for this purpose ?
    Registration Fee : Actuals as per the brochure Maintenance

    Chief/ senior executives like chairman, managing/ executive director, etc.:

    up to U.S. $500 per day for the duration of the conference/ seminar plus two days.

    Others :
    Up to U.S. $350 per day for the duration of the conference/ seminar plus two days.

    NOTES :
    (a) If the exchange asked for does not exceed U.S. $5000, it will be released by authorised dealers regardless of the duration of the visit and the per diem rate of exchange.
    (b) If participation in the conference/ seminar is proposed to be combined with a business visit, exchange will be released only for the actual number of days of conference/ seminar.
    (c) If the registration fee is inclusive of maintenance expenses, U.S. $500 only will be released towards incidental expenses.
    (d) Exchange in excess of the above scales can be released by authorised dealers after satisfying the need therefor. The sponsoring firm/ company/ organisation (the applicant in cases of self-employed professionals) should make an application for the release of exchange to an authorised dealer or an authorised full-fledged money-changer by a letter, in duplicate, indicating the name, address, nationality, passport number, duration, nature of visit to each country, foreign exchange required and a certificate from the employer stating that the expenses are being borne by th





 
dot
Locate Branch
dot
Mail Us
dot
 
footer
Ritco Tours & Travels