Foreign Exchange

Citibank Visa TravelMoney
( introducing shortly )
Branches

Liberalisation and the move towards full convertibility have created immense opportunities in this area.The company realising the potential of this field started its activity in 1994 and has been authorised as Full Fledged Money Changers by the Reserve Bank of India.

In the next few years the demand for foreign exchange is likely to increase manifold. Our company has already started moving in this direction and this is well reflected in its turnover which has increased from Rs. 394.21 million in 1995-96 to Rs.1914 million . in 1996-97.

Being agents for Western Union Money Transfers, we make it easy for anyone in India to receive money from anywhere in India. No credit card, bank account or membership is needed.

  1. Simply bring your money to any Western Union agent and fill out a short form.
  2. Pay a service fee.
  3. Get a receipt with a Money Transfer Control Number (MTCN).
  4. Inform the receiver of the transfer.
  5. The receiver can go to any of our branches and upon presenting proper identification, will be paid immediately.
We are also planning to introduce shortly the Citibank Visa TravelMoney card that puts you in total control of your money when you travel.

The company is now authorised to sell currencies to individuals upto US$ 3000 per calendar year for pleasure trip under Basic Travel Quota. For business travel we can sell at the rate of US$ 350/500 per day for a maximum period of 45 days as the case may be.

Besides the above, we can sell currencies for entertainment purpose as under:

  • US$ 5000/- fixed sum for Chief Executive of Export / Trading / Star Trading House.
  • US$ 2000/- fixed sum for other officials of firm's / companies.
We can also sell exchange upto US$ 5000/- regardless of the duration of the visit and the diem rate of exchange for business visit abroad.

We have 12 branches all over the country which are fully functional and located at strategic points and have plans to increase the network further. To effectively service our growing activity the company has at its disposal experienced personnel and infrastucture support by way of latest in information technology.

The company deals in all major currencies. Weizmann Ltd is one of the leading players in India.

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Weizmann Foreign Exchange Division Contact Us
90, Manek Mahal, Veer Nariman Road, Mumbai - 400020.
Tel : +91-22-22828161/22828995
Fax : +91-22-22846223

Email :
weizmann@bom3.vsnl.net.in