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Nature of Business
Service ProviderLegal Status of Firm
Limited Company (Ltd./Pvt.Ltd.)Annual Turnover
Rs. 5000 - 10000 CroreGST Number
07AABCC7143A1Z7Forex For Students 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 WUBSWeizmann 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 ParentsYour 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 SolutionsWeizmann 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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Miscellaneous Remittances Service
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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 MaintenanceSending 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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