5 Things You should Focus on While Doing Currency Exchange From Delhi

Exchanging currency for your travel or business trip needs a lot of planning. It is not a let go process. In order to travel another country, it is necessary to exchange your national currency with the currency of the country that you are going to travel. So, it's very important to do some research and find a perfect source who can offer you a favorable deal for currency exchange service.

If you live in Delhi and trying to do money exchange in Delhi then it's necessary to keep certain points in your mind while exchanging money from foreign exchange company.

1. Always ask the currency exchange company in Delhi to issue a Forex Card

Keep in mind that your international Debit card will not work as a forex card for you in foreign countries. This is because when to swipe it outside India the money which will be transacted remain in the foreign currency and due to that currency exchange commission extends up to 5%. While in Forex card you will get the local currency which will not include any extra commission during the transaction.

2. Don’t use the old method of carrying Traveler’s Check

Using Traveler’s check is now an old method. Today forex travel card has taken their place and moreover if you use Traveler’s check the overseas bank will charge a huge commission for encashing the cheque.

3. Keep an Extra Forex Card with you

It is necessary to carry a spare of forex card with you. In case, if you lost your forex card then the spare card will be of great use. Companies charge a very minimal charge for giving a spare of forex card. So, don’t forget to ask for it as it is a very safe option while traveling overseas.

4. Don’t forget to change left over currency after returning from the international trip

Always exchange the leftover currency as it will be of no use after coming back. If you want you can keep it as it is for your next trip but you can do this only for 6 months and there is a limited amount also that you can keep it as balance.

5. Make sure the foreign exchange dealer is having authorization from RBI

Always keep yourself away from fraud dealers. Because nowadays, no of companies are there in the market. So, before moving further always check for the RBI authorization to keep your money safe in the right hand.