How is the situation with exchanging money at Mumbai airport?
I will be landing on the 24th of January quite late in the night and I need to change currency. Can I do this at the airport in Mumbai?
I will need to do this for 5 people.
Best Answer
Yes there are many money changers once you go outside the terminal you will find there, I change my foreign currency there all the time without any hassle. Please see the following website as well:
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Is currency exchange available at Mumbai airport?
Foreign Currency Exchange Service For the convenience of commuters and tourists, there are a number of foreign exchange counters throughout CSIA, so you are at ease the moment you step out of the airport.Is it safe to exchange currency at the airport?
Currency exchange shops and kiosks in airports are not the best places to exchange money. For the best rates, try a local bank or a bank ATM to make your currency exchanges.Are exchange rates worse at airports?
Re: Better exchange rate at home airport or destination airport? Nobody does currency exchange anymore unless you are in a jam-up or worse. Just use the ATM and save bundles.Should I exchange money before or after flight?
Recap: Where to exchange currency in the U.S. and abroadBefore your trip, exchange money at your bank or credit union. Once you're abroad, use your financial institution's ATMs, if possible. After you're home, see if your bank or credit union will buy back the foreign currency.Airport--Automatic Foreign Currency Exchange Machine
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Answer 2
How is the situation with exchanging money at Mumbai airport?
As per this circular by the RBI, the current limit for exchange of foreign currency into Indian currency is INR 5000 per week per person at any currency exchange center be it at any airport or in cities, provided, the person submits a self-declaration that he hasn't made any exchanges in that week.
Also, since online payment modes having gained momentum and ATM cash withdrawal limits being increased (up to INR 10000), the queue length won't be that long for currency exchange as it was a month ago.
I will be landing on the 24th of January quite late in the night and I need to change currency.
Note: Due to so many regulatory changes happening since demonetisation of old 500 and 1000 Rupee notes, you might have to research again for any new announcements on foreign exchange made by the RBI, the day prior to your travel.
Can I do this at the airport in Mumbai?
Yes. Unless the cash exchange centers themselves run out of cash, as even they have been directed to limit their cash reserves, in which case, you might have to do it at exchange centers inside cities.
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