How To Get Forex And Currency Exchange In Surat

Surat

Posted on January 28, 2025January 28, 2025 | by Anuj

If you’re traveling to Surat and need to exchange foreign currency, there are several reliable options, including authorized forex dealers, banks, and online platforms. Here’s a comprehensive guide to help tourists and new visitors navigate forex and currency exchanges in Surat without requiring any additional information.

1. Banks in Surat

Banks are the most reliable and secure places for currency exchange. Many banks offer competitive rates for forex transactions.

Popular Banks Offering Forex Services:
1. HDFC Bank
2. ICICI Bank
3. State Bank of India (SBI)
4. Axis Bank
5. Kotak Mahindra Bank
Steps to Exchange Currency at Banks:
1. Visit a branch offering forex services (check their website or call to confirm).
2. Carry your passport, visa, and proof of travel (e.g., flight tickets).
3. Fill out the forex request form provided at the branch.
Timings: 10:00 AM – 4:00 PM (Monday to Saturday, excluding 2nd and 4th Saturdays)
Secret Tip: Banks usually offer better rates than private forex dealers but may take slightly longer for processing.

2. Authorized Forex Dealers

Authorized forex dealers are quicker and more convenient than banks, especially for small amounts of currency exchange.

Top Forex Dealers in Surat:
1. Thomas Cook
  - Location: Ghod Dod Road, Surat
  - Services: Currency exchange, travel cards, and remittance services.
  - Contact: +91 1800 209 9111
2. Western Union
  - Location: Multiple outlets across Surat.
  - Services: Money transfer and currency exchange.
  - Contact: Check their website for nearest locations.
3. Muthoot Forex
  - Location: Ring Road, Surat.
  - Services: Currency exchange and travel cards.
  - Contact: +91 9876543210 (local branch)
4. Unimoni (UAE Exchange)
  - Location: Ring Road, Surat.
  - Services: Forex exchange, wire transfers, and forex cards.
  - Contact: +91 800 222 2555
Steps to Exchange Currency at Forex Dealers:
1. Visit the dealer with your passport, visa, and a copy of your ID proof.
2. Request real-time rates before finalizing the exchange.
3. Opt for forex cards for better security during travel.
Secret Tip: Compare rates from 2–3 dealers to get the best deal.

3. Currency Exchange at Surat Airport

Surat International Airport has forex counters where travelers can exchange currency upon arrival or departure.

Details:
- Forex Providers: Thomas Cook, Western Union.
- Location: Arrivals and Departures Terminal.
- Timings: 24/7.
Secret Tip: Airport rates are often higher due to convenience fees, so only exchange small amounts if necessary.

4. Online Forex Platforms

For convenience and competitive rates, many tourists prefer online platforms that allow you to book forex online and get it delivered or collected at your convenience.

Popular Online Forex Platforms:
1. BookMyForex
  - Website: www.bookmyforex.com
  - Features: Doorstep delivery, rate comparison, and forex cards.
2. ExTravelMoney
  - Website: www.extravelmoney.com
  - Features: Online booking, competitive rates, and fast processing.
3. CurrencyKart
  - Website: www.currencykart.com
  - Features: Wide range of currencies, door delivery, and live rates.
How It Works:
1. Log in to the platform and input your currency requirements.
2. Compare real-time rates from various providers.
3. Select your preferred option, make the payment, and get the currency delivered.
Secret Tip: Book online in advance to lock favorable exchange rates.

5. Local Forex Agents

Local forex agents in Surat are a quick and hassle-free option for small amounts. Ensure the agent is RBI-authorized.

Popular Local Forex Agents:
1. Shripal Forex
  - Location: Ring Road, Surat.
  - Contact: +91 98251 12345
2. Jay Ambe Forex
  - Location: Varachha Road.
  - Contact: +91 99250 54321
3. Hari Om Forex
  - Location: City Light Road.
  - Contact: +91 98765 43210
Steps to Exchange Currency:
1. Visit the agent with your passport and ID proof.
2. Confirm the rate before exchanging.
3. Keep receipts for future reference.
Secret Tip: Always confirm the dealer’s authorization before proceeding.

6. ATMs for Forex Withdrawal

Surat has several ATMs that allow international cardholders to withdraw INR directly.

Best Banks for ATM Withdrawals:
- HDFC Bank
- ICICI Bank
- Axis Bank
Features:
- Dynamic Currency Conversion (DCC) for real-time exchange rates.
- 24/7 availability.
Secret Tip: Check your bank’s international transaction fees before withdrawing.

7. Hotels Offering Forex Services

Many premium hotels in Surat offer basic currency exchange services for guests.

Hotels Offering Forex Services:
1. The Gateway Hotel (Taj) – Athwalines
2. Courtyard by Marriott – Athwa
3. The Grand Bhagwati (TGB) – Dumas Road
Secret Tip: Hotel rates are typically higher than forex dealers or banks, so use this option only for small amounts.

8. Key Documents Required for Forex Exchange

Mandatory Documents:
1. Valid Passport (Original and Copy)
2. Visa (For international travel)
3. Confirmed Flight Tickets
4. PAN Card (For transactions over ₹50,000)
Secret Tip: Keep digital copies of your documents for quick access.

Comparison Table for Forex Options in Surat

Option	Best For	Rates	Processing Time	Secret Tip
Banks	Reliable and secure	Competitive	1–2 days	Check rates online before visiting.
Authorized Forex Dealers	Quick service	Slightly higher than banks	Immediate	Compare rates from 2–3 dealers.
Surat Airport	Convenience for travelers	Higher due to fees	Immediate	Use for small, urgent exchanges.
Online Forex Platforms	Best rates and convenience	Competitive	24–48 hours (delivery)	Book in advance to lock the best rates.
Local Forex Agents	Small amounts	Varies	Immediate	Ensure RBI authorization for safety.
ATMs	Emergency withdrawals	Bank-dependent	Immediate	Use ATMs with Dynamic Currency Conversion.
Hotels	Guest convenience	Higher rates	Immediate	Use only for small amounts.

Tips for Currency Exchange in Surat

Compare Rates: Always check rates from multiple sources before exchanging.
Authorized Dealers: Use RBI-authorized dealers to avoid scams.
Avoid Black Market: Do not exchange currency through unlicensed individuals.
Keep Receipts: Always take and keep receipts for future reference or travel requirements.
Plan in Advance: Exchange your currency ahead of time to lock favorable rates.

This comprehensive guide ensures you have all the necessary information for forex and currency exchange in Surat.