Dollars to Rupees: A Step-by-Step Guide to Currency Exchange in India

1
DOLLARS TO RUPEES
A Step-by-Step Guide to Currency Exchange in
India
www.flyopedia.com
2
Introduction
At some point, we all need to exchange
currencies, whether for family vacations or
business trips. Currency exchange in India has
evolved a lot. It offers options from major banks
to local markets and online platforms. Rates may
vary depending on your location. Money changers
are in local markets, and now you can even place
a forex order online. The key is to explore all
options and pick the best one for you. On the
other hand, there are some direct flights to
Delhi from USA, which will make your journey more
comfortable and even affordable.
3
Different Options for Currency Exchange in India
Currency exchange is offered in India through
banks (RBI-issued AD-I licenses) and money
changers (both AD-II and FFMC license holders).
Here are some options for exchanging cash in
India
4
Banks
The first place most people think of when they
need foreign currency notes is a bank. But, you
need to have an account with an Indian
bank. Keep in mind, some banks may not have
foreign currency in cash, so visiting them might
not help.Instead, banks typically preserve
currency cards in order to maintain a bigger
profit margin.
5
RBI-approved money changers
Money changers can be found in all major cities
and communities in India. Remember, not every
money changer is approved by the Reserve Bank of
India. Make sure youre dealing with a legitimate
forex broker. This will ensure that your
transactions are regulated and secure. Visit
Flyopedia.ca for a budget friendly trip to India
from Canada by availing cheap flight tickets.
6
Documents Required for Seamless Exchange in India

• This is in accordance with RBI regulations, which
  all banks and licensed exchange platforms must
  follow. The following documentation must be
  submitted when purchasing foreign currency
• An original and valid passport (front and back
  pages).
• Personal Identification Number (PAN) Card
• A valid visa for the country of visit (except
  when a VISA on arrival is required).
• Confirmed ticket indicating travel within 60 days
  of receiving foreign exchange

7
?THANK YOU
www.flyopedia.com