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Can I hold INR balance in my account?
No. You can convert a currency to INR only when you intend to make a local payment with it. INR is a controlled currency. You cannot hold a balance in INR and need to pay all funds immediately. Please make sure you create payments on the back of each trade so no surplus balance is outstanding. Winvesta periodically monitors the balance and reserves the right to automatically sell back any surplus funds held over five days.
The same is true for other APAC currencies like MYR, PHP, and IDR.
What happens if a payment fails?
You must correct the payment instruction and resend. Failure to do so may result in the automatic conversion of APAC currency (including INR) into another supported currency and will be subject to exchange rate fluctuations.