Who handles your money
Aabhushan Forex & Jewels Private Limited is an RBI-licensed Full Fledged Money Changer. We sell and buy currency notes and load forex cards ourselves; transfers abroad are carried out by RBI-authorised AD Category-I banks and AD Category-II dealers.
Us
Aabhushan Forex & Jewels Private Limited
Full Fledged Money ChangerRBI FFMC Licence No. MUM-FFMC-1041-2023
Currency notes (buy and sell), forex cards for holidays and business travel, and arranging transfers with the partners below. L. T. Road branch in Borivali West, Mumbai.
Banking partner — AD Category-I
Our AD Category-I bank partner
AD Category-I bankRegulated by the RBI
Sends family maintenance, gift and medical transfers by SWIFT (telegraphic transfer only — demand drafts are issued through our DD partner); you pay the bank directly.
An AD Category-I bank is authorised by the RBI for all foreign-exchange business.
Authorised dealers — AD Category-II
AD Category-II partner (Mumbai)
AD Category-IIRegulated by the RBI
Sends student and family transfers; issues the multi-currency forex card we load for you.
AD Category-II partner (Chennai)
AD Category-IIRegulated by the RBI
Student transfers, roubles for students in Russia, student forex cards and foreign currency demand drafts.
AD Category-II partner
AD Category-IIRegulated by the RBI
Outward remittances and forex cards.
An AD Category-II is authorised for money changing plus specified remittances, such as education and travel. You can check any licence on the RBI website.
Forex cards we sell
Multi-currency forex card (issued by an AD Category-II dealer)
Prepaid multi-currency card
We sell, load, reload and encash this card. The card is issued by its bank or dealer, not by GoRemit.
Bank-issued multi-currency forex card
Prepaid multi-currency card
We sell, load, reload and encash this card. The card is issued by its bank or dealer, not by GoRemit.
Our bankers
HDFC Bank
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
ICICI Bank
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
IDFC FIRST Bank
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
Kotak Mahindra Bank
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
Our AD Category-I bank partner
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
SBM Bank India
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
YES Bank
BankCompany account
We hold our company bank account with this bank for our foreign exchange business. Pay us only into an account named Aabhushan Forex & Jewels Pvt Ltd.
Currency procurement partners
HDFC Bank
BankCurrency notes supply
We buy and sell foreign currency notes in bulk with this bank to keep our stock.
ICICI Bank
BankCurrency notes supply
We buy and sell foreign currency notes in bulk with this bank to keep our stock.
YES Bank
BankCurrency notes supply
We buy and sell foreign currency notes in bulk with this bank to keep our stock.
SBM Bank India
BankCurrency notes supply
We buy and sell foreign currency notes in bulk with this bank to keep our stock.
Student services partners
Expatrio
Referral partner
German blocked account (Sperrkonto) and health insurance for the student visa. Open through our link
Fintiba
Referral partner
German blocked account (Sperrkonto) and health insurance for the student visa. Open through our link · promotion code aabhushanforexjewelsprivatelimited
TD Bank GIC (via ApplyBoard)
Referral partner
Canada GIC for the study permit with TD Bank. Open through our link
RBC GIC (via ApplyBoard)
Referral partner
Canada GIC for the study permit with Royal Bank of Canada. Open through our link
We may receive a referral fee from these partners when you open an account through our link or code. It does not change what you pay. You open the account yourself with the partner.
Travel services partners
TSIM
Referral partner
International SIM cards and eSIMs — a local number, data, and calls to India, delivered before you travel. Order through our link
You buy directly from the partner, who handles the order and support. We may receive a referral fee; it does not change what you pay.
What this means for you
- Your transfer is made by a regulated bank or dealer, named on your order before you pay.
- You pay the partner directly from your own bank account — remittance money never passes through GoRemit.
- The rate comes from the partner; your quote shows the rate, charges, GST and TCS separately.
University payment platforms
Some universities collect fees only through their own platform: Flywire, Convera, CIBC International Student Pay, TransferMate, PayMyTuition, ICICI Bank UniFee. We arrange payments to these platforms from India — see how.
Common questions
Why not send money through GoRemit directly?
RBI rules allow money changers to buy and sell foreign exchange but not to send money abroad. Transfers must go through an AD Category-I bank or an AD Category-II dealer, which is why we work with partners.
Does GoRemit earn from the partner?
Yes, we receive a referral fee from the partner. It does not change what you pay — your quote shows the full cost.
Related
“I’m incredibly grateful to the payment team for their seamless assistance in transferring funds from India to the US for my tuition fees and personal expenses… They ensured the transfer was smooth, secure, and on time.”
“Extremely easy transaction done with this forex service. Prakash bhai and his team is extremely helpful. They gave us proper advice on the prepaid currency card.”
Quoted from our Google reviews. Read all reviews on Google
Talk to a person
Call +91 83569 24029, message us on WhatsApp, or ask us to call you back at a time that suits you. Please don't share PAN, passport or bank details in an open message.