Introduction
Foreign exchange (forex) and currency exchange allow you to convert Indian Rupees into foreign currencies like USD, EUR, GBP, etc. This is essential for tourists, business travelers, and students visiting abroad. In Rewa, there are multiple options including banks, authorized forex agents, and money transfer services.
Where to Get Currency Exchange in Rewa
Banks and Official Branches
Banks are among the safest places to exchange currency. They usually offer competitive rates and follow government regulations:
- Axis Bank Branch – Offers standard forex services.
- Federal Bank – Provides currency conversion depending on availability.
- Union Bank of India – May offer forex services and remittance options.
- ICICI Bank Rewa Branch – Provides basic forex functionality.
Tip: Always call ahead to check if foreign currency is available. Some branches may require advance orders for specific currencies.
Authorized Forex and Money Services
Private forex agents and money transfer services can be more flexible, especially for small amounts or immediate cash:
- Muthoot FinCorp Gold Loan – Offers foreign currency exchange along with other financial services.
- Muthoot Finance Gold Loan – Another branch providing forex services in Rewa.
Online platforms can also deliver foreign currency or arrange airport pickups.
Types of Currency Exchange Services
1. Cash Currency Exchange
Convert Indian Rupees into cash (USD, EUR, GBP, etc.) before departure.
- Ideal for travel spending.
- Requires documentation such as passport, visa, and flight ticket.
2. Forex Cards
Prepaid travel cards loaded with foreign currency.
- Safer than carrying large amounts of cash.
- Accepted worldwide at ATMs and shops.
- Can be ordered through banks or agents.
3. International Money Transfer
Send money to foreign bank accounts.
- Useful for tuition, family support, or emergencies.
- Fees vary by provider and destination.
4. Pre-Booking Currency
Some agents allow you to lock in an exchange rate in advance.
- Helps avoid last-minute fluctuations.
Required Documents
To exchange currency in Rewa, you typically need:
- Passport (original and copy)
- Visa or confirmed flight ticket
- PAN Card or another ID
- Sometimes proof of departure date
Banks and agents follow RBI and FEMA regulations, so identity and travel verification is required.
Operating Hours
- Banks: 10:00 AM – 4:00 PM on weekdays.
- Forex agents: 9:30 AM – 6:00 PM (may vary).
Always check timings in advance, especially on weekends and holidays.
Tips to Get the Best Rates
- Compare rates between banks and agents before exchanging.
- Avoid airport and hotel counters; they often have higher fees.
- Pre-book larger amounts to get better rates.
- Keep receipts for all transactions.
Pro Travel Tip
For better rates, some travelers exchange currency at major airport bank counters in nearby cities like Khajuraho, Jabalpur, or Varanasi before departure.
Summary – Quick Checklist for Tourists
- Decide the amount of currency needed based on your itinerary.
- Visit a bank or authorized agent early in your trip.
- Keep documents ready (passport, visa, ticket).
- Compare rates before finalizing.
- Keep receipts for future reference.
This guide ensures that tourists visiting Rewa can find, exchange, and manage their foreign currency without needing to look anywhere else.
