Prithvi Exchange

Prithvi Exchange Information

Prithvi Exchange, based in Chennai, is a service provider of foreign exchange services in India. Licensed by the Reserve Bank of India (RBI) and with locations in 10 major cities, Prithvi Exchange serves a wide range of customers and plans to expand its services internationally. However, those who are risk-sensitive should note that the company is not being well-regulated by any official authorities so far, which indicates less oversight and customer protection for its financial activities.

Pros and Cons

Is Prithvi Exchange Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Prithvi Exchange is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Prithvi Exchange with caution.

Services

Prithvi Exchange offers a wide range of foreign exchange services:

1. Foreign Exchange:

• Currency Exchange: Buying and selling of major foreign currency notes and coins.
• Traveler's Cheques: Business partner of American Express, offering competitive rates for major currencies.
• Travel Currency Cards: Prepaid travel cards in 18 currencies with contactless payments and global usage offers.
• Co-branded Cards: Multi-currency cards in partnership with ICICI and IndusInd for hassle-free payments abroad.

2. Money Transfer:

• Money Transfer Services: Prithvi Exchange partners with Western Union, MoneyGram, and Xpress Money to offer money transfer services worldwide.

3. Travel Insurance:

• Overseas Travel Insurance: Available through partners like Religare Health, TATA AIG, and Trawell Tag, providing coverage for medical emergencies, trip cancellations, personal accidents, baggage loss, and more.
• Flexible Plans: Plans for individuals, families, students, and senior citizens with global protection and 24/7 emergency assistance.

4. Specialized Services:

• Leisure Travel Forex: Tailored forex solutions for leisure travelers to make their trips easy and secure.
• Student Forex Solutions: Dedicated services to support students with tuition fees, application fees, and more.
• Corporate FX Services: Premium forex rates and doorstep delivery for corporate clients.
• NRI Forex Services: Exclusive services for NRIs, including currency encashment and certificates for NRE accounts.

5. Remittance Abroad:

• Outward Remittance: Secure and fast remittance services through wire transfers via SWIFT, available in 16 currencies.
• Competitive Exchange Rates: No dual conversion charges, ensuring cost-effective remittances for education, medical, emigration, and other purposes.
• Global Network: Reach over 200 major banks globally for seamless transfers to any part of the world.