⚠️ Indian Residents can hold up to $2,000 USD and its currency equivalent in foreign currencies as long as it was obtained and maintained for personal use. And different fee structures, for that matter. But depending on the bank, some will have access to more currencies than others. Most larger Indian banks, in addition to the multinational ones, will offer foreign exchange capabilities. Selling Currency: Selling currency is usually when you have foreign currencies that you want to exchange or sell for the domestic currency.įor example, if you’ve returned from the UK and have extra Great British Pounds you want to get rid of, you can sell them locally in exchange for Indian Rupees 🏦 Exchange foreign currency with BanksĪ popular way to exchange foreign currency in India is with the local Indian commercial banks in the country. Buying and Selling Currenciesīuying Currency: Buying currency is usually when you exchange your home or domestic currency for a foreign one.įor example, if you’re going to the UK and are exchanging your Indian Rupees for Great British Pounds before leaving for the UK. One of the newest ways to exchange money is online with websites like Extravelmoney, that help connect money changers with clients online.īut as always, it is best to do your research beforehand, as each type of provider will have their own rules, exchange rate and fees. And of course at the airport to make things easy for you when you travel. There are your commercial Indian banks, but also money changers available in local market neighborhoods in major cities. Procedure to exchange foreign currency in IndiaĮxchanging foreign currency in India can be a different experience depending on where you go. Open your free Wise account now Table of contents It's the easy, safe and cheap way for global transfers online 🚀 Receive money from abroad directly to your local Indian bank account with Wise. Let’s take a look at the different options you have for exchanging foreign currency cash in India and what you will need to do so.īut let's not forget the easier and most modern way of sending or receiving foreign currency, where you can send money globally online.

Now you can get foreign currencies from the bank, money changers or even at the airport.

Changing foreign currency has come a long way in India and there are new ways to exchange money.

All foreign currency in indian rupees