Riya had just returned from a long travel trip to Dubai. Her bags were full of memories — and a few dirhams too. She wasn’t sure what to do with them. “Can I exchange these easily in India?” she asked her friend.
If you have ever been in Riya’s shoes, you are not alone. Many people don’t know “How to exchange foreign currency in India?” or “Where to get the best rate?”
This blog will guide you step by step — in a simple and easy-to-follow way.
Why Currency Exchange Matters
Whenever you travel abroad or receive money in a foreign currency, you’ll need to exchange it in Indian Rupees (INR). But if you don’t know the right way, you could lose money through bad exchange rates or extra charges.
That’s why it’s important to understand your options.
Where to Exchange Foreign Currency in India
You have a few good choices:
| Option | Good For | Factors To Consider |
|---|---|---|
| Banks | Trust and security | Lower exchange rates |
| Authorized Forex Dealers | Better rates, quick service | – |
| Online Services | Best rates, easy process | Need to upload documents |
| Airport Counters | Last-minute exchange | Higher charges |
The easiest and safest way? Online currency exchange with doorstep delivery and with RBI-authorized services like Multimoney Forex
How to Exchange Currency in India Online (Step-by-Step)
Rules You Should Know
The Reserve Bank of India (RBI) has some rules for currency exchange in India:
– You can exchange up to USD 2,50,000 per year under the Liberalized Remittance Scheme (LRS).
– PAN is required for any transaction over ₹50,000.
– Always exchange with RBI-approved dealers only.
Avoid unlicensed shops or agents who might offer fake currency or bad deals.
Where to Exchange Foreign Currency in Major Cities
Here are popular areas in Indian cities where foreign exchange is available:
| State/Union Territory | City |
| West Bengal | Kolkata |
| Siliguri | |
| Odisha | Bhubaneshwar |
| Assam | Guwahati |
| Karimganj | |
| Andhra Pradesh | Visakhapatnam |
| Vijayawada | |
| Guntur | |
| Telangana | Hyderabad |
| A.S. Rao Nagar | |
| Himayat Nagar | |
| Somajiguda, | |
| Delhi (UT) | New Delhi |
| Madhya Pradesh | Bhopal |
| Indore | |
| Jharkhand | Ranchi |
| Jamshedpur | |
| Chattisgarh | Raipur |
| Punjab | Jalandhar |
| Phagwara | |
| Kapurthala | |
| Nawanshahr | |
| Amritsar | |
| Ludhiana | |
| Bathinda | |
| Khanna | |
| Chandigarh | Chandigarh |
| Haryana | Kurukshetra |
| Karnal | |
| Karnataka | Bengaluru |
| Gujarat | Ahmedabad |
But honestly, you don’t need to step out. With our specialized forex services, we bring the exchange to your door.
Tips to Get the Best Exchange Rate
– Check rates online before you exchange.
– Avoid airport counters unless it’s an emergency.
– Use a forex card when traveling to avoid carrying too much cash.
– Book your exchange in advance using Multimoney Forex to lock in the best rate.
Frequently Asked Questions
Q. How to exchange foreign currency to Indian Rupees?
Use an RBI-authorized dealer or RBI-authorized AD-II dealer like Multimoney Forex.
Q. Where can I exchange currency in India?
You can exchange at banks, forex dealers, or online.
Q. How do I get foreign currency before a trip?
Book it online and have it delivered to your home.
Q. Can I transfer foreign currency to an Indian bank account?
Yes, through money transfer services or SWIFT payments.
Final Say
Whether you’re planning a trip, returning from one, or sending money abroad — knowing how to exchange foreign currency in India helps you save time and money.
Don’t stress about long queues or low exchange rates. Choose a smart, safe, and simple solution like Multimoney Forex.
> Start your exchange journey today at https://www.multimoney.in