Forex Shops with Best Exchange Rates in New Delhi

The currency used in India is called the Indian Rupee and currency code is INR. One rupee is divided into 100 paise. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 500, and 1000 rupees. Coins are available in 5, 10, 20, 25, and 50 paise. The amount of 100,000 rupees is called a lakh and 10,000,000 rupees are known as a crore.

Currency exchange shops in New Delhi are either local independent shops or branches of global forex chains. Among them, the homegrown money changers usually offer better rates.

Exchanging money at banks is not recommended because their exchange rates are lower than those offered at forex shops. And the service at banks takes longer transaction time.

Below is the list of recommended money changers at Dehli’s popular tourist and commercial areas like Connaught Place, Paharganj, and Karol Bagh. These shops are renowned for offering best exchange rates.

The list also includes information of UAE Exchange and Thomas Cook branches in New Delhi.

Connaught Place is the main financial district of New Delhi. It is also a favorite place to visit for travelers because there are two popular tourist attractions located here, Central Park and Palika Bazaar.

The area is home to plenty of money changer shops with the most popular one is Prince Forex, which is famed for offering very good rates.

Recommended money changers
1) Prince Forex

• Offers currency exchange and money transfer services
• Accepts traveler’s cheques
• The place is just 4 minutes on foot from Rajiv Chowk metro station Gate 6
• Address: N-100, 2nd Floor, Munshi Lal Building, Middle Circle, Connaught Place, New Delhi, India
• Phone: +91 98111 80842
• Opening hours: Monday to Saturday 09:00 – 19:00

2) Skylink

• Skylink is a travel agency that offers currency exchange services
• Located at the ground floor of Radisson Blu Marina Hotel
• Address: G-17, Marina Arcade, Block G, Connaught Place, New Delhi, India
• Phone: +91 11 2371 3791
• Opening hours: Monday to Saturday 09:00 – 18:30
• Daily rates: http://skylinkworld.com/forex

3) Travelex

• This forex shop is just 1 minute on foot from Central Park
• Address: Ground Floor, No. 22, Block E, Connaught Place, New Delhi, India
• Phone: +91 98713 83232
• Opening hours: Daily 10:00 – 22:00

4) Queen Forex

• The place is a minute walk from Aulia Masjid temple
• Address: K-16/1, Connaught Circus, Radial Road Number 5, Block K, Connaught Place, New Delhi, India
• Phone: +91 11 4151 3790
• Opening hours: Monday to Saturday 09:30 – 19:30

5) SP Securities Limited

• The shop is just 1 minute on foot from Galleryske art gallery
• Address: M-96, Middle Circle, Connaught Place, Block B, Connaught Place, New Delhi, India
• Phone: +91 11 2341 560
• Opening hours: Monday to Saturday 10:00 – 19:00

Paharganj is at the east of the New Delhi Railway Station and northeast of Connaught Place. It is home to many affordable hotels and guest houses. As such, it is a favorite among budget travelers in New Delhi.

A number of money exchange shops can be found in Paharganj. These shops are within walking distance from one another so it is easy to compare rates before choosing one for the service.

If you bring traveler’s cheques along, exchange them at Weizmann Forex, which is located beside Bank of India, along Desh Bahdhu Gupta road.

Recommended money changers
1) Singh Forex

• The place is less than 10 minutes on foot from Rama Krishna Ashram Marg metro station
• Address: Shop No. 1108, Main Bazar, Main Bazar Rd, Chuna Mandi, Paharganj, New Delhi, India
• Phone: +91 11 2356 1822
• Opening hours: Monday to Saturday 09:00 – 18:00*

2) Baluja Money Exchange

• Located beside Hotel Merry Gold, 7 minutes on foot from Rama Krishna Ashram Marg metro station
• Address: Shop No.2/1623-1624, Chuna Mandi, Paharganj, Aram Bagh, Paharganj, New Delhi, India
• Phone: +91 11 6451 4755
• Opening hours: Daily 09:00 – 19:00

3) Weizmann Forex

• Accepts traveler’s cheques
• Located beside Bank of India
• Address: 202, Bhanot Plaza-II, 3, Desh Bahdhu Gupta Road, Paharganj, Arya Nagar, Paharganj, New Delhi, India
• Phone: +91 98102 78488
• Opening hours: Monday to Saturday 09:00 – 18:00*

4) Oberoi Forex

• Located beside Hotel Vanson Villa
• Address: 2324 Chuna Mandi, Aram Bagh, Paharganj, New Delhi, India
• Phone: +91 99994 29600
• Opening hours: Daily 09:00 – 21:00

5) Sam Money Changer

• The place is within walking distance from Hotel Sapan Plaza
• Address: 8466/6, Opposite Hotel Ramraj, Arakashan Road, Arya Nagar, Paharganj, New Delhi, India
• Phone: +91 11 2367 5800
• Opening hours: Monday to Saturday 09:00 – 18:00*

Karol Bagh, a residential and commercial district in New Delhi, houses a number of 2 to 3-star hotels and shopping lanes that offer good bargains.

The area is also home to many forex shops. These shops are in close proximity to the hotels, making it convenient for travelers to exchange money.

Recommended money changers
1) Quick Forex

• The place is just a 1-minute walk from Satya Narayan temple
• Address: 3507/6, Kirti Sandan Building, Bank Street, Pyare Lal Road, Karol Bagh, Block 4B, Dev Nagar, Karol Bagh, New Delhi, India
• Phone: +91 98916 64241
• Opening hours: Mon to Fri 10:00 – 19:00; Sat 10:00 – 17:00

2) Sukhmani Forex

• Located opposite Hotel Krishna Palace
• Address: 15A/44 WEA, Saraswati Marg, Block 34P, Beadonpura, Karol Bagh, New Delhi, India
• Phone: +91 99994 55533
• Opening hours: Daily 09:00 – 23:00

3) Meet’s Forex

• Located beside Hotel BB Palace
• Address: 18 Gurudwara Road, Shastri Market, Karol Bagh, Karol Bagh, New Delhi, India
• Phone: +91 11 2580 1849
• Opening hours: Monday to Saturday 10:00 – 20:00

4) Joy Forex

• The shop is just 1 minute on foot from Hotel Blue Pearl
• Address: Shop No.15-A/1, Prestige Chamber, Saraswati Marg, Block 15A, WEA, Karol Bagh, New Delhi, India
• Phone: +91 98101 09260
• Opening hours: Monday to Saturday 11:00 – 20:00

5) Shivam Money Changer

• The place is 1-minute walk from Florence Inn, Hotel Blue Pearl, and Hotel Sarthak Palace
• Address: 3125/35, Saraswathi Marg, Beadonpura, Block 15A, WEA, Karol Bagh, New Delhi, India
• Phone: +91 11 2872 9577

UAE Exchange India opened its first branch in 1999. It has three branches in New Delhi that are all constant favorites of people.

If your hotel is near Charandas Complex, you can check out the UAE Exchange branch in the area. The other two branches are located at DLF Mega Mall and Gole Market, very convenient for money exchange right before shopping!

Branches
1) UAE Exchange @ Charan Das Complex

• Located near the Central Bank of India, opposite Government Boys Senior Secondary School
• Address: A-337, 1F Charan Das Complex, Vasant Kunj Road, Mahipalpur, New Delhi, India
• Phone: +91 1800 3000 1555, +91 9946086666
• Opening hours: Mon to Fri 09:30 – 18:00; Sat 09:30 – 14:00

2) UAE Exchange @ DLF Mega Mall

• The place is within walking distance from Sikanderpur metro station
• Address: DLF Mega Mall, LG DT Mega Mall, Gurgaon, 43, Golf Course Road, A Block, DLF Phase 1, Sector 54, New Delhi, Haryana 122002, India
• Phone: +91 1800 3000 155
• Opening hours: Mon to Fri 09:30 – 18:00; Sat 09:30 – 14:00

3) UAE Exchange @ Gole Market

• This forex shop is just 1 minute on foot from Hanuman Mandir temple
• Address: Shop No. 123, Delhi Gole Market, Shaheed Bhagat Singh Place, Baird Lane, New Delhi, India
• Phone: +91 1800 3000 1555, +91 9946086666
• Opening hours: Mon to Fri 09:30 – 18:00, Sat 09:30 – 14:00

Thomas Cook, an international travel services company established in 1881, provides people with travel packages and currency exchange services at its branches.

The company accepts 26 major currencies as well as traveler’s cheques. They run 14 branches in New Delhi, including one at the Indira Gandhi International Airport.

If you are staying near Connaught Place, you can exchange money at the Thomas Cook branch in the area, which can be walked from Central Park and Rajiv Chowk Metro Station.

Recommended branches
1) Thomas Cook @ Connaught Place

• The place is just 3 minutes on foot from Central Park
• Address: C-35, 1st floor, Inner Circle, Block C, Connaught Place, New Delhi, India
• Phone: +91 11 66271900/66271901/66271902
• Opening hours: Monday to Saturday 09:30 – 18:30

2) Thomas Cook @ Satyam Complex Nehru Place

• This forex shop is a 4-minute walk from Nehru Place metro station
• Address: Shop No. 10, Ground Floor Satyam Complex, Nehru Place, New Delhi, India
• Phone: +91 11 26467484/26461902/65452948/65458376
• Opening hours: Monday to Saturday 09:30 – 18:30*

3) Thomas Cook @ Central Market Punjabi Bagh

• Within walking distance from the Herbal Garden and Vir Savarkar Park
• Address: Punjabi Bagh Branch Basement 24, Central Market, Punjabi Bagh West, New Delhi, India
• Phone: +91 11 45466011/45418000
• Opening hours: Monday to Saturday 09:30 – 18:30*

4) Thomas Cook @ D Mall Pitampura

• Within walking distance from Shakurpur District Park
• Address: 205 D Mall Pitampura, New Delhi, India
• Phone: +91 11 45642254
• Opening hours: Daily 09:00 – 21:00*

5) Thomas Cook @ D Mall Pitampura

• The place is just 2 minutes on foot from the National Academy of Medical Sciences
• Address: 1/F D-15, Ring Road, Block D, South Extension II, New Delhi, India
• Phone: +91 95405 62648
• Opening hours: Daily 08:00 – 22:00

To check their daily rates, follow: http://www.thomascook.in/tcportal/Foreign-Exchange