Here’s a detailed guide for foreign currency exchange and Forex services in Aurangabad, Bihar (India) for tourists and first‑time city visitors. This includes where to go, how to exchange currency safely, alternatives, required documents, approximate rates, and tips so you don’t need other information sources.
Where You Can Exchange Foreign Currency in Aurangabad, Bihar
Currency Exchange & Forex Service Providers
Here are a few places in Aurangabad where you can buy or sell foreign currencies or get forex‑related services:
On‑ground Exchange Locations
- Muthoot FinCorp Gold Loan – Offers currency exchange services along with other financial services. Good starting point for basic conversions.
- ICICI Bank Ltd.,Aurangabad-M.G.Road – A bank branch where you can often exchange major foreign currencies and verify forex details. Banks may require prior appointment for large transactions.
- SBI Branch Aurangabad and CENTRAL BANK OF INDIA – AURANGABAD (BIHAR) Branch – State and national banks usually offer foreign currency exchange at regulated rates (call ahead to confirm availability).
Tips About Bank vs Money Changer
- Banks: Safe and reliable but may stock only major currencies (USD, EUR) and often have slower service with stricter requirements.
- Dedicated Forex Outlets (Local Money Changers): Some smaller agents and services may exist in town too. Always ensure they are RBI‑authorised to avoid counterfeit risks. Ask for official documentation if uncertain.
Currency Exchange at Airport (Alternative)
If you are arriving via older airports where service is offered (e.g., Patna), you can exchange at airport counters on arrival. Keep in mind:
- Airport forex counters give convenience but sometimes higher charges and less favourable rates than offline/on‑line options.
Online / Pre‑Order Currency Exchange Options
If local in‑town outlets do not have the currency you need (especially exotic ones), consider online providers who serve Aurangabad:
- BookMyForex / ExTravelMoney Online – These platforms allow you to compare forex rates, book your currency online, and often deliver to your address in Aurangabad in a couple of days. They work with many RBI‑approved dealers and offer transparent rates with optional doorstep delivery.
How it works (general steps):
- Select the currency you need and enter amount.
- Choose a partner with good rates.
- Complete your KYC and payment online.
- Collect currency from a local partner branch or get home delivery.
Documents You Usually Need
When exchanging money in India you will typically be asked for:
- Original passport
- Visa / travel tickets / travel itinerary
- PAN card or another government ID
- Some services may also require a declaration form for larger amounts.
Always carry valid IDs — this is RBI and bank regulation for forex transactions.
Typical Exchange Rates & Currencies
Exchange rates change each day based on global markets. For example, in Aurangabad recent average rates for some currencies might look like (indicative only):
| Currency | Approx Buy (INR) | Approx Sell (INR) |
|---|---|---|
| USD | ₹₹₹₹… | ₹₹₹₹… |
| EUR | ₹₹₹₹… | ₹₹₹₹… |
Actual rates should be checked on the day you exchange. You can use online tools before heading out to plan ahead.
Tips to Get the Best Currency Exchange
- Compare rates from multiple sources — banks, local changers, online platforms.
- If rates are limited in town, check on online providers and pre‑book.
- Avoid unofficial/unlicensed money brokers to prevent fraud.
- Ask about fees and commissions beforehand — a good exchanger will disclose them.
- Exchange popular currencies (USD, EUR, GBP, AED) more easily than rare ones.
Extra Services for Travelers
Some places also offer:
- Forex travel cards — safer than carrying cash.
- International money transfers (e.g., Western Union services available in some shops/agencies).
Summary
Whether you’re a tourist or visiting Aurangabad, Bihar for the first time:
- Visit local banks or money exchange branches for major currencies.
- Use online forex platforms with delivery options for convenience and wider currency options.
- Carry valid ID and travel documents to meet RBI/Indian regulations.
- Always check the live exchange rates on the day you plan to transact.
I am a travel writer and regional storyteller dedicated to documenting the culture, heritage, daily life, and travel experiences of Bihar. Through Mera Apna Bihar, I share local insights, real travel stories, and on-ground experiences that highlight the true spirit of Bihar for readers, travelers, and culture enthusiasts.
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