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Weizmann Forex is a part of the INR 45 billion Weizmann Group, with business interests in textile manufacturing and exports, hydro and wind-power generation, as well as foreign exchange transactions and inward money transfer.Weizmann began its forex operations  in 1993 with just four branches and over the years, have grown exponentially to become a leading player in the foreign exchange and remittance market. Today, our company has a pan-India network of over three hundred locations. Our considerable size, together with our meticulous track-record on compliance, has resulted in Weizmann Forex being upgraded by the Reserve Bank of India from Full Fledged Money Changer to the status of Authorised Dealer – Category II; a certification that permits us to undertake dealings in foreign exchange for a greater number of non-trade current account transactions. All this to the ultimate benefit of our customers.+ Read More

Nature of Business

Service Provider

Legal Status of Firm

Limited Company (Ltd./Pvt.Ltd.)

Annual Turnover

Rs. 5000 - 10000 Crore

GST Number

07AABCC7143A1Z7

Weizmann Forex Multi Currency Travel Card Service
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Foreign Exchange Service

Foreign Exchange Service

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Money Transfer Service

Money Transfer Service

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Western Union Business Solutions Service
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Travel Insurance Service

Travel Insurance Service

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Weizmann Forex Ltd is the preferred channel to remit student fees to colleges and universities abroad.

We are RBI licensed Authorized dealers in foreign exchange (Category II) enabling us to cater to various remittance segments such as overseas tour operators, film shooting, medical treatment abroad, immigration and Overseas Education Forex Solutions.

With Weizmann Forex, sending fees to your foreign college is fast and easy. We offer customized solutions to students looking to study abroad which allow all their foreign currency, travel card, Travellers Cheque and air tickets needs to be met under one roof itself. So walk in or call our nearest branch office or toll free number and we shall solve all your foreign exchange related needs or queries.

Education Remittance through WUBS

Weizmann Forex Ltd is also an authorized partner of Western Union Business Solutions (WUBS). WUBS is authorized by many universities and colleges in Australia, Canada, UK and US to receive fees on their behalf.

Top up By Parents

Your parents can regularly send you money from any Weizmann Forex branch at the best available rates and we shall ensure it reaches you in a fast, reliable and convenient manner.

You can also get a Prepaid Forex Card from Weizmann Forex before traveling and reload it as and when required once your child is abroad. This will ensure that your child will have access to his funds in the fastest manner possible. You may also choose to send a Wire Transfer through Weizmann Forex for your child’s expenses.

Overseas Education Forex Solutions

Weizmann Forex offers a wide range of solutions in Foreign Exchange including Foreign Currency Demand Drafts, currency notes, multi-currency Prepaid cards for your needs. We can help you get a Foreign Currency Demand Draft in 9 different currencies: US Dollar (USD), Euro, Australian Dollar (AUD), Great Britain Pound (GBP), Swiss Francs (CHF), Singapore Dollars (SGD), Japanese Yen, Canadian Dollars (CAD), New Zealand Dollar (NZD)

Along with your Foreign Exchange requirements like university fees and living expenses.

Weizmann Forex helps you send your money within 24 – 48 hours* to your foreign college or university once all documentation is completed and verified.


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We are RBI licensed Authorized dealers in foreign exchange (Category II) enabling us to provide our customers a full bouquet of remittance products

Family Maintenance

Sending money by an Indian, to their relatives Abroad.
Limit – USD 1Lakh in a FY.

Documents

  • KYC documents of the remitter, Beneficiary details, A2/application forms.

 

NRO/NRE Repatriation

Sending money from the NRO/NRE account of a NRI. (Remittances permissible for foreigners also)

Documents

  • NRO repatriation (limit USD1MIO (USD 10 LAKH) in a FY)
  • The forms 15CA & 15 CB prescribed under IT Act
  • NRE repatriation (No limit in this category)
  • Passport copy of the remitter with Visa, one month bank statement.

 

Salary Remittance

Companies can now send employee salaries abroad to employees working overseas in a safe, convenient manner.

Documents

  • KYC documents of the company/Corporate, declaration on salary and tax deduction, with staff details.
  • Payment has to come from the company account in India and has to go to the staff’s account abroad.

 

NRE Quota admission

We also provide services for students in India planning to join a College/University in India under NRE quota admission.
The student needs to be sponsored by a NRI (either his/her parents or relatives)

Documents

  • KYC documents of the student as well as the sponsor (NRI), A2 form/application form, letter from the college with fee details.
  • The fund should come from the NRE account of the sponsor and we can issue FCDD/TT in the name of the College /University in India.


Note In this case the student is not travelling abroad and is studying here in India only

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Travel Insurance Service

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Travel Care Insurance Policies – for Individuals and Families

Whatever the purpose you’re travelling for, insurance protection for yourself and your family doesn’t need a second thought. Weizmann’s uniquely designed insurance plans, offer coverage against the many risks involved in international travel.

Our travel policies cover: individuals, families, students and groups. These are provided by reliable Insurance partners like: Reliance General, Trawell Tag, Future Generali and Bajaj Allianz.

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