Finding reliable currency exchange in a smaller city like Sehore requires a bit of planning, as most specialized forex dealers are concentrated in the neighboring capital, Bhopal (approx. 40km away). However, for a visitor, there are several local and digital options available within Sehore.
Local Exchange Options in Sehore
For immediate cash needs, these are the primary physical locations where you can inquire about currency exchange.
| Provider | Location / Address | Best For |
| Muthoot Fincorp Ltd | Ward No 8, Englishpura, near Monalisa School | Quick money transfers & minor cash needs. |
| Manappuram Finance | Bldg No. 149, 1st Floor, Opposite HP Petrol Pump | Reliable for Gold loans and Forex queries. |
| Federal Bank | No. 583, Bhopal-Indore Rd, Near Bus Stand | Foreign currency for account holders/NRIs. |
| Axis Bank | Near New Bus Stand, Indore Bhopal Road | Standard banking forex services. |
| Indian Overseas Bank | House No 40, Jayanti Colony, Sehore | General currency inquiries. |
Recommended: Digital & Doorstep Services
Since Sehore is close to Bhopal, many travelers prefer using online platforms that offer doorstep delivery. This is often cheaper and more convenient than hunting for a local branch.
- BookMyForex: They compare rates across local vendors and can often arrange for currency notes or a multi-currency card to be delivered to your location in Sehore.
- Thomas Cook Online: You can “block” a rate online on the Thomas Cook website and choose a pickup point or delivery.
- Orient Exchange: Known for competitive rates, they offer online booking with real-time tracking for deliveries in the Sehore/Bhopal region.
Essential Checklist for Visitors
To ensure a smooth transaction, keep these points in mind:
- Required Documents: You must carry your original Passport, a valid Visa, and your PAN Card (for Indian residents).
- Declare Your Cash: If you are entering India with more than $5,000 in cash (or $10,000 total including TCs), ensure you have a Currency Declaration Form (CDF) from customs.
- The “Bhopal” Alternative: If you need an obscure currency or a large volume of cash, the M.P. Nagar area in Bhopal is the regional hub for forex, housing major players like EbixCash and Western Union.
- Avoid Airports: Only exchange a tiny amount at the airport for immediate transport. Their rates are typically 10–15% worse than what you will find in the city.
Pro-Tip for Tourists
If you have an International Debit/Credit Card, withdrawing Indian Rupees (INR) directly from a local ATM (like SBI or HDFC) is often the most efficient way to get cash, though your home bank may charge a small foreign transaction fee.
Note: Most local shops in Sehore prefer UPI (digital payments) or Cash. Large hotels will accept international cards, but smaller vendors will not.
