Sbi bank forex exchange rates


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Now open a Demat account instantly. Apply for Car Loan Finance shall not be a red signal when your dream car opens door for you Apply for Home Loan Need funds to build a house, purchase new property or renovate your existing home? Tip: Usually, the exchange rate given by banks is not the best in the market.

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Because for banks, buying and selling foreign currency is not the main business and it is just an extra service they provide. Thus they are not very bothered about giving attractive rates to customers. Image Source: financialexpress.

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Also, money changers are more competitive than banks. Thus they offer attractive exchange rates to grab customers. But do take care as not at all money changers are RBI licenced. Ensure that you are doing the transaction at a licenced forex store. Airports are the last place where a traveller going abroad has the chance to buy foreign currency if flying out. Similarly, it is the first place for selling foreign currency when flying into the country. The currency exchange counters at airports around the world know this fact.

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Also, everything inside an airport is pretty costly. Ever had a cup of coffee in an airport and paid more than 4x what you pay outside? Yeah well, forex counters there are also like that. Pro Tip: Avoid doing currency exchange at airports unless you have no other option.


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    5. Plan ahead and buy forex early on or sell forex at your bank or any RBI licenced money changers after coming out of the airport.