I want to exchange UK Pound for Indian Rupee [closed]

Where can I exchange pounds to Indian rupees?

Currency exchange in India can be done through Banks (AD-I licence by RBI), and Money Changers(Both AD-II and FFMC licence holders).

Can I exchange foreign currency at bank in India?

In such a case, you will have to exchange the Foreign Currency, for Indian Rupee in order to proceed with transactions. Exchanging foreign currency in India India can be done at banks, RBI approved NBFCs and even at airports.

How can I convert UK dollars to Indian rupees?

The most commonly used symbols for the rupee are ₹, Rs and Rp.
Quick Conversions from British Pound Sterling to Indian Rupee : 1 GBP = 97.93808 INR.

GBP	INR
£ 1	₹ 97.94
£ 5	₹ 489.69
£ 10	₹ 979.38
£ 50	₹ 4,896.90

Can I exchange foreign currency at bank?

A popular way to exchange foreign currency in India is with the local Indian commercial banks in the country. Most larger Indian banks, in addition to the multinational ones, will offer foreign exchange capabilities. But depending on the bank, some will have access to more currencies than others.

Can I exchange foreign currency at SBI?

In short, yes you can exchange foreign currency at SBI. You can exchange foreign currency in person, online or using a travel card, depending on what you need. Let’s start with in-person exchanges at an SBI branch. Exchanging Indian Rupees into a foreign currency can be done at some, but not at all SBI branches.

Where can I exchange British pounds?

Your bank or credit union is almost always the best place to exchange currency.

Before your trip, exchange money at your bank or credit union.
Once you’re abroad, use your financial institution’s ATMs, if possible.
After you’re home, see if your bank or credit union will buy back the foreign currency.

Can I exchange foreign currency at HDFC Bank?

Yes, you can get and exchange foreign currencies at HDFC Bank.

How do I deposit foreign currency into my bank account?

How to Deposit Foreign Currency Into a Bank Account

Find a place to convert your foreign currency to U.S. dollars. …
Sell your foreign currency to the buyer of your choice. …
Deposit your dollars to the bank account of your choice.

Do banks charge a fee to exchange currency?

Depending on your bank and what card you have in your wallet, your credit card or debit card might charge a foreign transaction fee of up to 3% on every purchase in other countries.

What documents are required for currency exchange?

Documents Required to Exchange Foreign Currencies in India

Indian Passport.
Confirmed Air Ticket showing travel within 60 days.
PAN Card/AADHAR Card/Voter ID Card; any other KYC document.
Valid Visa (mandatory for some countries) For Selling Forex.

Which bank gives the best foreign exchange rate in India?

Banks giving the best money exchange rates to India

ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA. …
SBI Express Remit. …
HDFC Bank – Quick Remit. …
Axis Remit. …
Click2Remit. …
BarodaRemitXpress. …
IndRemit. …
IndusFastRemit.

How do you exchange currency?

5 Cheap Ways to Exchange Currency

Stop by Your Local Bank. Many banks and credit unions offer a foreign currency exchange service for a fee. …
Visit an ATM. …
Consider Getting Traveler’s Checks. …
Buy Currency at Your Foreign Bank Branch. …
Order Currency Online.

How much tax do you pay on currency exchange?

Keep in mind that 60% of your gain will as long-term gain and 40% as short-term gain. This gives you a maximum rate of 23% compared to 35% for ordinary income tax. Over-the-counter foreign exchange options and currency swaps are not eligible for Section 1256 tax treatment.

Can I exchange currency at airport?

Use an airport exchange kiosk (but only if you have to) When you get to the airport, you’ll likely see one or more exchange kiosks offering a variety of foreign currency. Despite what their signs might advertise, these exchanges typically have the worst rates and the highest fees.

Can I exchange currency at an ATM?

The best place to exchange money is a local ATM or a bank. Many foreign banks are happy to exchange your dollars for local currency for a better rate than you find elsewhere, or you can go to an ATM to skip the line.

Can I exchange money at the post office?

How to use our currency buyback. Use our branch finder and select “foreign currency” under ‘products and services’ to find your nearest branch. Just head over with your money and we’ll buy it back. Over 2,500 branches won’t need to see your purchase receipt, but smaller ones will.

Can you exchange bills at any bank?

There is no law that requires banks to make change. In fact, laws to guard against money laundering prohibit banks from making change for any old amount. At PNC, “limited currency and/or coin exchange is permitted for non-PNC customers up to and including $25,” said spokeswoman Marcey Zwiebel.

Where can I go to change my bills?

A Bank. Going to a bank (preferably where you have an account) is the best way – just walk into your bank and get change. If you have a bank account there, like a checking account, then they will always give you change. You can even withdraw money from your checking account and request that it be as coins.

Can a bank refuse to make change?

Is this legal? Yes. A bank can set its own internal policy as to whether it will accept or exchange unrolled coins for currency.

How do you cash in coins?

To wrap up, here are six ways you can turn change into cash:

Take Your Coins to the Bank.
Roll Them Yourself.
Use a Coin Counting Machine.
Hire Someone to Roll Them.
Buy a Coin Separator.
Buy Stuff with Them.

Can I get quarters from bank of America?

Getting quarters from the bank

Banks will have “quarter rolls” which are rolls full of 40 quarters that comes out to $10. Thus, if you want to exchange cash for an entire quarter roll, you’ll need $10 in cash. Of course, you can ask for less than that, it just makes thing easier when your request is in $10 increments.

How can I buy currency online?

There are several different ways you can buy foreign currency online, so let’s look at each of them in turn.

Order foreign cash online. …
Get a travel money card. …
Get it when you’re there. …
Get a multi-currency account. …
Use a currency exchange broker. …
Best options for ordering cash. …
Best travel money card options.

Can I buy dollar from the bank?

Banks generally offer competitive exchange rates and charges. Visit the bank in person on a working day to buy the foreign currency you need. HDFC Bank branches have forex services that let you buy foreign cash in 22 major currencies.