For example, if you are an SBI bank account holder, you can exchange foreign currency in SBI. With the foreign currency in hand visit your bank where you hold an account. Exchange foreign currency in Indian banks ![]() How to exchange foreign currency in IndiaĬurrency exchange in India can be done through Banks (AD-I licence by RBI), and Money Changers(Both AD-II and FFMC licence holders). In this post, we present to you the complete guide on how to exchange foreign currency in India easily. ![]() This is called selling foreign currency.īoth Buying + Selling foreign currency broadly falls under the category, “Currency Exchange”. ![]() Here you would be looking to exchange the foreign currency in hand for Indian Rupee. Selling foreign currency – Coming back from a business trip or leisure foreign tour, you may have balance foreign currency in your wallet.Here you would be exchanging your Indian Rupee for that particular foreign currency.Ex: Going to the USA, you’d be buying the US dollar by exchanging your Indian Rupee in hand.This is called buying foreign currency. Buying foreign currency – When you are going abroad for a trip, you’d need the currency of the country you are going to.How To Exchange Foreign Currency In India – A Complete GuideĮxchanging foreign currency in India falls into two categories
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