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