Here’s a detailed guide on Forex and Currency Exchange in Junagadh. This is designed for first-time tourists and city visitors who need clear, practical, and complete information without needing to consult any other source.
1. Introduction
Currency exchange in Junagadh is not as widespread as in major metropolitan cities, but with the right knowledge and preparation, foreign tourists can easily manage their forex needs. This guide covers:
- Where and how to exchange foreign currency
- Available services and charges
- Safety and legal compliance tips
- Nearby alternatives
2. Commonly Accepted Currencies
- Indian Rupee (INR) is the only legal tender in India.
- Foreign currencies such as USD, EUR, GBP, AUD, and AED can be exchanged at authorized centers.
- Credit/debit cards are widely accepted in hotels, restaurants, and some retail outlets, especially Visa and Mastercard.
3. Where to Get Forex in Junagadh
A. Authorized Money Changers (AMCs)
These are RBI-licensed individuals or companies permitted to deal in foreign exchange.
1. Western Union Agents
- Available at multiple locations within Junagadh.
- Services: Currency exchange, international money transfer.
- Requirements: Valid passport, visa, proof of address.
Examples:
- Patel Forex Services, MG Road, Junagadh
- Raj Money Exchange, near Railway Station Road
2. Thomas Cook (India) Services
- No direct branch in Junagadh, but services can be availed via partnered travel agencies.
- Prepaid forex cards, currency notes, and traveller’s cheques.
Tip: Call customer service or use the Thomas Cook website for home delivery options.
3. Local Authorized Agents
Travel agents and some jewelers have licenses for limited money exchange.
Common Agents:
- Ganatra Travels, Zanzarda Road
- Galaxy Travels, near Bhutnath Mahadev Road
B. Nationalized and Private Banks
Banks are reliable and legally compliant for forex services.
1. State Bank of India (SBI) – Junagadh Branch
- Address: Opp. Collector Office, MG Road
- Services: Currency exchange, forex cards
- Timings: 10:00 AM – 4:00 PM (Weekdays)
2. HDFC Bank
- Address: Majevadi Gate, Junagadh
- Offers: Forex cards, currency notes exchange
- Advantage: Quick processing if you have an account
3. ICICI Bank, Axis Bank, Bank of Baroda
- All offer currency exchange and prepaid travel cards
- Carry original documents; sometimes pre-order is required
4. What You Need to Exchange Money
To legally exchange foreign currency in India, you must carry:
- Original Passport
- Valid Indian Visa
- Proof of Stay/Address (hotel booking or ID)
- PAN card (required in some banks for large transactions)
- Transaction limit may vary per RBI guidelines (e.g., up to US$3,000 in cash, remainder via card or cheque)
5. Forex Cards vs. Cash Exchange
Prepaid Forex Cards
- Offered by most banks (e.g., HDFC, ICICI)
- Can be used at ATMs and shops across India
- Safer than carrying large amounts of cash
- Better exchange rates compared to cash conversion
Cash Exchange
- Immediate INR in hand
- Useful for small transactions (autos, local shops)
- Slightly higher markup rates
Recommendation: Bring a combination of prepaid card and limited cash.
6. ATMs & International Card Use
ATMs are widespread across Junagadh. Major international debit and credit cards are accepted.
- ATM Charges: Foreign cards incur withdrawal fees (~INR 200–500 per transaction)
- Daily Limits: Vary depending on bank and card issuer
Note: Always choose to be charged in INR when using international cards to avoid dynamic currency conversion fees.
7. Digital Wallets & UPI for Foreigners
- As of now, only Indian residents can use UPI apps like PhonePe, Google Pay, or Paytm.
- Foreign tourists cannot use UPI unless they register a local number and bank account.
- Digital wallet acceptance is low for foreign users.
8. Black Market Warning
Avoid exchanging money with unlicensed agents, taxi drivers, or unregistered businesses.
Risks include:
- Fake notes
- Unfavorable exchange rates
- Legal penalties under FEMA (Foreign Exchange Management Act)
Always ask for a transaction receipt.
9. Nearby Cities with Better Forex Options
If you require a large amount of currency exchange or specialized services (e.g., multi-currency forex cards, remittances):
- Rajkot (100 km) – More banks and money changers
- Porbandar (113 km) – Coastal city with currency services
- Ahmedabad (327 km) – International-level forex availability
10. Emergency Contacts for Forex Issues
| Service | Contact Number |
|---|---|
| State Bank of India – Junagadh | +91-285-2655525 |
| HDFC Bank | +91-285-2664481 |
| RBI Authorized Forex Complaint | https://cms.rbi.org.in |
| Junagadh Tourist Police | +91-285-2620888 |
| Western Union Customer Care | 1800-102-7111 (Toll-Free, India) |
11. Summary – Currency Exchange Tips
- Exchange at authorized banks or money changers only
- Always carry your passport and visa
- Prefer prepaid forex cards for safety and better rates
- Avoid unauthorized agents or roadside dealers
- Confirm exchange rates before completing a transaction
- Save your receipts for reconversion or future reference