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Currency Exchange in Mumbai

Best Currency Exchange in Mumbai

Mumbai, the Finance Capital of India, is known for its thriving Bollywood industry. It is among the most contemporary cities in the nation.

 

 

Mall culture in Mumbai has flourished in the previous decade, and the city now features some of the best shopping centres. Mumbai has a thriving nightlife scene and is often regarded as having some of the safest clubs and bars in the country. Through roads, trains, the sea, and the air, Mumbai is easily accessible from wherever in India. 

 

 

Some of the popular tourist spots in Mumbai include Gateway Of India Mumbai, Shree Siddhivinayak Temple, Sanjay Gandhi National Park, Haji Ali Dargah and Kanheri Caves.

 

 

Now, let’s learn more about how to avail of the service of foreign currency exchange in Mumbai.

 

Fake Currency Identifiers

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There are several ways to spot fake currency when you are opting for currency exchange in Mumbai . Some of them are mentioned below:

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    Authentic banknotes feature a watermark.

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    While the printing of an authentic note is crisp and fine, a fake note may feature blurry borders and smudged writing.

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    Authentic notes feature microprinting that can easily be read with the help of a magnifying glass.

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    Authentic notes generally feature raised printing that you can sense by simply running your fingers against the rough texture of the surface.

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    Authentic notes generally feature a security thread that also boasts microprinting.

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Major Areas and Markets in Mumbai to Buy Foreign Currency

You can easily find places for currency exchange in Mumbai . Here are some suggestions for good places to exchange currency in Mumbai:

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    Vile Parle East - Vile parle is a small suburb of Mumbai with Juhu Beach to the west, and the airport and highway close to the east. This is in an easy-to-reach place, which makes it a great option for currency exchange in Mumbai.

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    Grant Road East - Along with Tardeo and Mumbai Central, Grant Road has always been a popular neighbourhood in Mumbai City. It has a lot of different shops and complexes with several currency exchange outlets as well.

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    Subhash Road - The area around Subhash Road is very nice. It is close to an education hub, a newly built shopping mall and a police station. This is the place where you can exchange foreign currency in Mumbai.

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    Bandra West - Bandra West is a neighbourhood in Mumbai that has lots of things to do, like shopping, going out at night, and learning about different cultures. Bandra West is also home to several stores for currency exchange in Mumbai.

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    Borivali East - Borivali East is a heavily populated suburb in North Mumbai. The currency exchange in Mumbai Borivaliwill make it easier for you to travel the city.

Other popular areas for currency exchange in Mumbai include

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    Kharghar

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    Mira Road

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    Vashi

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    Andheri East

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    Shahid Bhagat Singh Road

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    Haji Zakeria Road

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    Nehru Road

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    Goregaon - Mulund Link Road

What are the Most Famous Places in Mumbai

After you are done with currency exchange in Mumbai, you can visit the city's beautiful landmarks. Here are some well-known spots in the city that you shouldn't miss.

 

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    Gateway of India - The Gateway of India is a marvel of architecture in Colaba, Mumbai. It is almost 8 stories high and stands tall. It was built with both Hindu and Muslim styles in mind to honour the King's trip to India in 1911.

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    Chowpatty Beach - You can get to the world-famous Chowpatty Beach by walking along the edge of Marine Drive. There, you can try street food from Mumbai like bhel puri, sandwiches, and pani puri. Marine Drive is also home to some high-end brands and unique handloom stores.

     

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    Juhu Beach - If you like beaches, Juhu Beach is by far the most accessible and has people there almost all the time. About 30 minutes from Bandra, you can try beach food that is only available in Mumbai, such as bhel puri and vada pav.

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    Essel World - Essel World in Mumbai was made to look like Disney Land, and a day there is a lot of fun. It's not really a place for people who are afraid of speed and adventure, but this amusement park has rides and activities for people of all ages.

     

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    Haji Ali Mosque - Located off of the Worli Sea Wall, the Haji Ali Mosque in Mumbai is a sight to see. It is on a shelf off the coast and is connected to the coast by a long, man-made jetty that is often filled with pilgrims going to and from the dargah.

     

Other popular tourist spots to explore in Mumbai include

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    Colaba Causeway

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    Victoria Terminus

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    Fashion Street

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    Nehru Museum And Planetarium

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    Hanging Garden

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Towns and Cities Near Mumbai

  • Matheran - Matheran is like any other hill station in that it has a number of lookout points with stunning views of the horizon. The city of dreams is only 90 km away from this magical place.

  • Lonavala- Lonavala is a popular hill station in the western part of the state of Maharashtra. It is the perfect place for a couple to get away from the busy city life of Mumbai. Mumbai is only 89 km away from Lonavala.

  • Karnala - Karnala is a well-known fort city in the state of Maharashtra. It is in the Raigad District. It is 55 km away from Mumbai and is surrounded on both sides by dense green forests and tall mountain ranges.

  • Karjat - The city of Karjat offers a lush green spot to travellers. It has activities for adventure sports and is only 62 km from Mumbai.

  • Alibaug - Alibaug is one of the most exciting places to visit near Mumbai. Many people who live in cities go there for a short break. This town on the coast is 95 km from Mumbai. It has a few beautiful beaches that are surrounded by coconut groves.

Other popular nearby cities include

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    Manor

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    Palghar

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    Khopoli

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    Shahapur

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    Indapur

Nearest Airports to Mumbai

Chhatrapati Shivaji International Airport

 

 

Originally called Sahar International Airport, the current name for Mumbai's principal international airport is Chhatrapati Shivaji International Airport. There are two airport terminals for local and international flights.

 

 

The airport serves as a gateway to nearly every country in the world. From Mumbai, you may take a nonstop trip to any major city in the world.

 

 

Banks and ATMs, parking,  foreign currency exchange, free Wi-Fi,  a medical centre and a comfortable lounge are just some of the services available at the airport. Passengers arriving by plane can be picked up at a number of convenient locations. Passengers may also make use of taxis and rickshaw stands at the airport.

 

 

At Mumbai International Airport, you can exchange cash at several well-known financial spots including State Bank of India and Ebix Cash. Be aware, though, that the airport's currency exchange facility is rather pricey in Mumbai. Exchanging currency at Mumbai Airport will be 10%-15% more expensive than using BookMyForex.

 

 

The currency exchange in Mumbai Airport is not the best option if you are seeking the best currency exchange rates in Mumbai.

 

Best Way to Carry Foreign Currency

BookMyForex allows you to currency exchange in Mumbai at the best exchange rates so that you can carry the money without any hassle. Some of the best ways to carry foreign currency are mentioned below:

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Currency Notes in Mumbai

 

You can buy currency notes at live and the best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in hand.

Forex Card in Mumbai

 

The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with a 0% forex markup over interbank rates.

Exchange Currency with BookMyForex in Mumbai

Whether you want to buy forex cards and currency notes or sell them, MakeMyTrip makes the entire process of currency exchange in Mumbai quite easy. You only need to follow the below-written steps:

  • STEP 01

    Select your city from the drop-down list.

     

     

     

  • STEP 02

    Choose the currency you have and the currency you want.

     

  • STEP 03

    Opt for a forex card or currency notes from the list.

     

  • STEP 04

    Mention the forex amount. The live currency exchange rate will show up next to it.

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    The converted currency amount according to the exchange rate will show up automatically.

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    Then proceed with booking your order.

Buying or Selling Foreign Currency at Local Money Changers in Mumbai

You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive rates of currency exchange in Mumbai , and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way for currency exchange in Mumbai.

 

On the other hand, BookMyForex, an online marketplace, offers internationally-accepted forex card and currency notes at a best rates via a convenient online process.

Different Purposes for Exchanging Currency

  • Studying Abroad : You can purchase foreign exchange of up to USD 30,000 or up to the estimate shared by your educational institute.

  • Employment Purpose : In case you have a letter of employment, you can buy foreign exchange of up to USD 5,000.

  • Emigration: If you have an emigration visa, you can buy foreign exchange for up to USD 5,000.

  • Gift and Donation: You can gift or donate up to USD 5,000 annually on the basis of self-certification

  • Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to USD 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.

Buy and Sell Foreign Currency Online at Best Exchange Rates in Mumbai

With BookMyForex, the online forex marketplace by MakeMyTrip, you can enjoy currency exchange in Mumbai. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also presents real-time exchange rates so that you can stay updated with the ever-changing value of a currency when converting your money.

Home Delivery of Foreign Currency in Mumbai

In addition to a smooth online process for currency exchange in Mumbai , BookMyForex also delivers currency notes right to your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.

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Frequently Asked Questions

  • How do I get cashback after currency conversion?

    Find out more about the cashback by clicking here.

  • Where to exchange currency in Mumbai?

    You can exchange foreign currency in Mumbai through online platforms like MakeMyTrip Forex Solution, whether via app or website. You can also exchange foreign currency at various places in Mumbai such as banks, post offices, travel agencies, and currency exchange bureaus. Some hotels also offer this service.

  • Can I exchange currency at Mumbai airport?

    Yes, you can exchange currency at Mumbai airport. There are usually several currency exchange counters available in the arrivals and departures area. However, keep in mind that the rates might not be as favourable as in Mumbai city.

  • Which is the best place to exchange currency in Mumbai?

    The best place to exchange currency in Mumbai depends on the exchange rates offered online and offline. It can be exchanged online through platforms like MakeMyTrip or through banks, post offices, and currency exchange bureaus. It's recommended to compare rates before deciding.

  • How to exchange currency in Mumbai?

    The process for exchanging foreign currency in Mumbai typically involves presenting your ID and the currency you wish to exchange at a bank, post office, or currency exchange bureau. The staff will then calculate the amount you'll receive based on the current exchange rate.

  • What is the cheapest way to exchange currency in Mumbai?

    The cheapest way to exchange currency in Mumbai can vary. It's often cheaper to exchange currency online via platforms like MakeMyTrip offering budget-friendly exchange rates or at a bank or currency exchange bureau in Mumbai rather than at the airport.

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