The present economic and technological developments help people to travel and explore the opportunities around the world. And this made foreign currency exchange from Varanasi an unavoidable aspect. Every country promotes their tourism, education, medical facilities etc in such a way that all these services will give mutual benefits to the country and its customers. People ready to travel different countries for achieving better standards in their life. When you are planning to travel abroad from Varanasi, you have to carry some foreign currency to meet the basic requirements in that particular country. Similarly when you come back after foreign travel, you might be having some excess foreign currency. In both these situations, you have to exchange these foreign currencies with such service agents. In this article, we will help you to understand the best service providers in Varanasi and the important points to be noted for foreign currency exchange from Varanasi.
How long you can hold foreign currency?
- Return leftover foreign currency before the completion of 180 days from overseas return.
- You can keep leftover foreign currency up to USD 2,000 as Foreign Currency notes or traveler’s cheques.
Foreign exchange limits for foreign currency exchange from Varanasi
As per the Limits set by RBI, you can carry foreign currency of $3,000 or equivalent per visit in the form of notes and coins. The overall limit for an individual, under Liberalized Remittance Scheme for Resident Individuals is $2,50,000 per financial year.
You are allowed to carry above USD 3000 if you are travelling to:
- Islamic Republican of Iran.
- Russian Federation.
- Republics of Commonwealth of Independent States.
Tips for foreign currency exchange from Varanasi:
- Always approach an Authorized service provider with a license from RBI for currency exchange.
- Research on current foreign currency rate through online modes.
- Be familiar with normal transaction charges.
- Avoid currency exchange dealers you see in airports, train stations, and other touristy areas, which often are too expensive.