Where is the best and safe place to exchange money in Delhi?

svmasha · Mar 3rd, 2008, 17:18

Where are the best rates and safe location to exchange money in Delhi, please?
I will be staying in the Tibetan Camp and would like to exchange money there somewhere. As I was told it is better to do in Delhi than in Bir, Himachal Pradesh, where I am going.
Thank you!

alexvisentin · Mar 3rd, 2008, 17:30

I found the best exchange rates in pahar ganji main bazaar,opposit e new delhi station.Just shop around there.Last december i was there one the morning and they where giving rs 79 for the £, took a flight to bombay the same day and found the most i could get there(same day)was rs 76.

burf · Mar 5th, 2008, 11:46

icici bank branches

svmasha · Mar 5th, 2008, 18:28

Thank you very much for your replies!

atala · Mar 6th, 2008, 17:28

My advice:

First check the current exchange rate here.

www.xe.com

Then go to an official money changer, or a bank. Money changers are faster. One good one in Paharganj Main Bazaar is called Chequepost.
Near the alley to Hotel Downtown, left-handside, about 500 meters (a third of a mile) from New Delhi Railway station.

do not change with anyone who does other business than changing money. You are likely to get ripped off. A few rupees less than the current rate should be okay though.

10-20 years ago banks did not give a more trustworthy exchange rate than other exchangers. I do not know how that is nowadays, since I never go to banks anymore because of the burocratic hassle there, and how to find them. In former times there used to be a black-market for exchange where you got much more than the official rate for cash. Does not seem to exist anymore. It was profitable only because the gold-price in India was higher than outside, so smuggling of gold (bought for hundred dollar bills) was en vogue. Good olden times those

Mar 3rd, 2008, 17:18	#1
svmasha Member Join Date: Feb 2008 Location: Moscow, Russia Posts: 19	Where is the best and safe place to exchange money in Delhi? Where are the best rates and safe location to exchange money in Delhi, please? I will be staying in the Tibetan Camp and would like to exchange money there somewhere. As I was told it is better to do in Delhi than in Bir, Himachal Pradesh, where I am going. Thank you!

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Mar 3rd, 2008, 17:30	#2
alexvisentin Member Join Date: Sep 2007 Location: london Posts: 38	I found the best exchange rates in pahar ganji main bazaar,opposit e new delhi station.Just shop around there.Last december i was there one the morning and they where giving rs 79 for the £, took a flight to bombay the same day and found the most i could get there(same day)was rs 76.

Mar 5th, 2008, 11:46	#3
burf wondering when? Join Date: Dec 2006 Location: delhi Posts: 325	icici bank branches

Mar 5th, 2008, 18:28	#4
svmasha Member Join Date: Feb 2008 Location: Moscow, Russia Posts: 19	Thank you very much for your replies!

Mar 6th, 2008, 17:28	#5
atala Senior Member, 8 yrs in India Join Date: Mar 2007 Location: Switzerland, just back from India 2008 Posts: 691	My advice: First check the current exchange rate here. www.xe.com Then go to an official money changer, or a bank. Money changers are faster. One good one in Paharganj Main Bazaar is called Chequepost. Near the alley to Hotel Downtown, left-handside, about 500 meters (a third of a mile) from New Delhi Railway station. do not change with anyone who does other business than changing money. You are likely to get ripped off. A few rupees less than the current rate should be okay though. 10-20 years ago banks did not give a more trustworthy exchange rate than other exchangers. I do not know how that is nowadays, since I never go to banks anymore because of the burocratic hassle there, and how to find them. In former times there used to be a black-market for exchange where you got much more than the official rate for cash. Does not seem to exist anymore. It was profitable only because the gold-price in India was higher than outside, so smuggling of gold (bought for hundred dollar bills) was en vogue. Good olden times those

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