Know the ways to exchange currency in India and the documents required.
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You can exchange foreign currency in India using various convenient modes. Some popular options to consider for foreign currency exchange include banks, airports, RBI-approved money changers, ATMs, and forex service platforms. You must submit copies of your passport, Visa, identity and address proof, along with confirmed air-tickets to obtain forex.
Whether you are a tourist travelling to India, or a Non-Resident Indian (NRI) returning home with foreign currency, you may need to convert foreign currency to Indian rupees to manage your expenses here. Thankfully, currency conversion in India has become incredibly convenient. Today, various currency exchange providers let you convert your foreign currency. If you are confused about the process and want to know how to change the currency in India, this article is for you.
The different ways in which you can exchange foreign currency in India include the following:
The documents required for exchanging foreign currency in India include:
Now that you know how to exchange foreign currency in India, you can choose your preferred currency exchange medium. Remember to research the financial institutions and authorised currency exchange service providers before making a transaction. You must check their credibility, exchange rate, transaction fees, efficiency, etc., to get the best deal.
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*Disclaimer: This article is published purely from an information perspective and it should not be deduced that the offering is available from DBS Bank India Limited or in partnership with any of its channel partners.
The purpose of this blog is not to provide advice but to provide information. Sound professional advice should be taken before making any investment decisions. The bank will not be responsible for any tax loss/other loss suffered by a person acting on the above.
