How to get Forex and Currency Exchange in Bidar

For tourists and visitors in Bidar looking to exchange foreign currency or get forex services, here is a detailed guide:

1. Banks in Bidar

• What They Offer: Most major banks in Bidar offer foreign exchange services, including the exchange of foreign currency into Indian Rupees (INR) and vice versa. Some banks may also provide traveler’s cheques, pre-paid forex cards, and foreign currency drafts.
• Where to Go:
  • State Bank of India (SBI)
  • HDFC Bank
  • Axis Bank
  • ICICI Bank
• Services:
  • Currency exchange (USD, EUR, GBP, etc.)
  • Forex cards for international travel
  • International wire transfers
• Timings: Banks in Bidar generally operate from 10:00 AM to 4:00 PM, Monday to Friday. Some may also open on Saturdays for limited hours.

2. Money Changers/Forex Agents

• What They Offer: Authorized money changers provide competitive rates for currency exchange and may offer traveler’s cheques, foreign currency notes, or forex cards.
• Where to Find Them:
  • Bidar Bazaar: Look for authorized forex agents in local markets such as Bidar Bazaar. These agents often offer reasonable rates and faster services than banks.
  • Near the Bus Station or Railway Station: Forex services are sometimes available near major transit hubs, especially in tourist-friendly areas. These services cater to international travelers in need of quick exchanges.
• Services:
  • Foreign currency exchange (many offer popular currencies like USD, EUR, GBP, etc.)
  • International remittances and prepaid forex cards
• Timings: Typically open from 10:00 AM to 6:00 PM, Monday to Saturday. Some may be closed on Sundays.

3. Forex ATMs and Prepaid Forex Cards

• What They Offer: Forex ATMs allow for quick currency withdrawal using foreign bank cards or forex cards. Prepaid forex cards are available for travel and can be reloaded.
• Where to Find Them:
  • ATM Locations: Most banks in Bidar have ATMs that allow you to withdraw cash using international bank cards (Visa, MasterCard, etc.). However, be aware of conversion rates and withdrawal fees.
  • Prepaid Forex Cards: Available at major banks like HDFC, ICICI, or Axis, these cards are ideal for managing your travel funds and are widely accepted internationally.
• Services:
  • Cash withdrawal from foreign bank accounts using international cards
  • Prepaid forex cards for easy spending abroad without high conversion fees

4. Online Forex Services

• What They Offer: Several online services allow you to exchange forex and have it delivered to your address in Bidar. These services often offer better rates and convenience.
• Popular Platforms:
  • BookMyForex
  • Western Union
  • MoneyGram
  • PayPal (for online transfers)
• Services:
  • Currency exchange with delivery options
  • Prepaid forex cards and traveler’s cheques
  • International money transfers
• Process: You can visit these platforms online, book a forex order, and have it delivered to your address or pick it up at a nearby partner location.

5. Airports or Train Stations in Nearby Cities

• What They Offer: While Bidar does not have an international airport, nearby cities like Hyderabad (Rajiv Gandhi International Airport) provide numerous forex exchange services.
• Services Available:
  • Currency exchange at airports
  • Forex cards and remittances
  • Travelers’ checks
• Where to Go: If you’re traveling from Bidar to Hyderabad, you can stop at the airport or major railway stations in Hyderabad for forex services.

Tips for Getting the Best Forex Rates

1. Compare Rates: Always compare rates across different providers—banks, money changers, and online platforms—before exchanging large amounts of currency.
2. Avoid Airport Forex: Currency exchange services at airports usually have less favorable rates compared to banks or local money changers.
3. Prepaid Forex Cards: Consider using prepaid forex cards as they are safer and offer better rates compared to physical cash.
4. Carry Local Currency: While forex services are available, it’s also advisable to carry a small amount of local currency for emergencies when traveling to and around Bidar.
5. Check Fees: Be mindful of hidden fees or commissions. Ask providers about any extra charges before proceeding with the exchange.

Important Locations for Forex in Bidar

• Bidar Railway Station: A convenient place for withdrawing money using international cards, especially for tourists coming by train.
• Bidar Bus Station: Some forex agents may be available for travelers arriving by bus.
• Local Banks: Popular banks like ICICI, HDFC, and Axis offer forex services in the city center.