As a leading Company of commercial foreign exchange Ravi Exchange Company (Pvt.) Ltd is dedicated to provide first class and competitive services to individuals, Exchange Companies and Banks all over the World. Our dedication and commitment to security, speed of process and general customer service, ensures our organization as a standard Exchange Company, which now leads the industry in Pakistan.
Take a look at the services we are offering for our Valued customers.
REC offers the following services through out the World.
- Telegraphic Transfer / Swift
- Bank Draft
- Sale and Purchase of Traveler Cheques
- Inward and Outward Remittances
- Sale and Purchase of Foreign Currencies
We offer Reliable Payment Solutions, to our customers all over the World through Bank Drafts, Swift and Telegraphic Transfers. We focus on shorten the payment cycle times for our valued customers through an up-to-date money transfer technology, which is so simple and cost effective that anybody can use it.
Telegraphic Transfer(TT):
Transfer of funds from one brranch to another:
Transfer of funds from one branch to another branch of the same exchange company or upon other exchange company or bank under special arrangements for the payment to the beneficiary through telegram / telex/ telefax or internet is called a Telegraphic Transfer (TT).
Bank Draft/Demand Draft:
Transfer of funds from one Place to another:
Demand Draft is a written order, drawn by one branch, Exchange Company or a Bank upon another branch or other Bank or other exchange company under special arrangements to pay a certain sum of money to or to the order of a specified person.
The following are the parties to a Draft:
- Purchaser is a person, firm, company or local authority.
- Branch is the branch of the Company.
- Issuing / Drawing is a branch which issues a draft on another branch of the company, any other exchange company or any commercial bank.
- Drawee is a branch of the company, any other exchange company or any bank on which a draft is drawn.
- Payee is a person named in the Demand Draft to whom or to whose order the money is directed to be paid.
Traveler Cheques:
Traveler Cheque is a negotiable instrument, which is being used for carrying money safely. Customer can purchase it against cash.
Procedure for issuance of Traveler Cheque :
The customer intending to purchase Traveler Cheques from authorized branch will fill in Sale Receipt complete in all respects. Company's staff deployed for the job to assist the customer for filling in the Sale Receipt.Purchaser of Traveler Cheques will pay commission as per schedule of Company’s charges and taxes where applicable.
Sales proceeds of Traveler Cheques will be received through cash only
Sale & Purchase of Foreign Currencies:
Sale and Purchase of the Currencies of the World:
All the minor and major world currencies are available here at the best prices along with best marketing services for our valued customers. REC offers the best competitive rates in the market. You will always find best rates for all currencies as compare to others. You will be provided with a formal receipt of every transaction, either it is buying or selling. REC has earned unbelievable reputation and trust of the customers in the years of operations.
WE OFFER :
Lowest Charges
Best Exchange Rates
Fastest Services
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