Want anything to do with Forex? Cosmos Foreign Exchange is your go to place. Having correspondent relationship with over 110 banks all over the world, Cosmos is striving to give you the best of Forex services, be it the sale/purchase of Foreign Currency notes or traveler’s Cheques, all kinds of remittances, import and export services and much more.

Our Services

Cosmos Bank is an Authorized Dealer in Foreign Exchange and offers all types of Foreign Exchange Services. We have seven B Category Forex Cells spread in 3 states – Maharashtra, Gujarat and Andhra Pradesh, and a fully functional integrated treasury well equipped with state of art technology at Mumbai. Our Nostro Accounts are with Wells Fargo Bank, Commerzbank and Bank of India. Furthermore, we have established correspondent relationships with more than 110 banks all over the world. We offer following Services

• Sale and Purchase of Foreign currency notes and Traveler’s Cheques
• All types of clean outward remittances such as remittances for higher studies, medical treatment abroad, business trips, tourism, employment, immigration, gifts, donations and remittances under Liberalized Remittance Scheme, etc.
• Import services such as outward remittances for import purposes, handling of import documents, establishment of Foreign Letter of Credit, issuance of Foreign Bank Guarantee, Buyer’s Credit, etc.
• All types of clean inward remittances such as remittance for family maintenance, gift, donation, etc.
• Export Services such as handling of inward remittances received as advance against export, handling of export document, pre and post shipment export credit facility in INR / Foreign Currency

USD denominated Cheque / demand drafts collection service for customers, through all branches

Service Rules

• Our Bank offers Fast Collection Arrangement and Final Credit Scheme (FCS) for USD denominated cheques. The scheme highlights are as follows.
  • Cheque amount should be USD 1000.00 and above
  • Cheques/drafts drawn at New York, New Jersey and places where Wells Fargo Bank has a branch credit within 6 working days
  • Cheques/drafts drawn on all other cities in USA credit within 14 working days
  • Normal time for clearance of a USD cheque is 21 working days
  • The facility will attract applicable courier charges