Jazmin Li
Bangalore Airport, also known as Kempegowda International Airport, offers forex services to its customers. However, there are several drawbacks to exchanging currency at the airport. For instance, the exchange rate offered at the airport is much higher than that of other forex providers, and there are long queues at each currency exchange counter. As a result, travellers are advised to compare rates and consider exchanging their currency online or at places in Bangalore city such as banks, post offices, travel agencies, and currency exchange bureaus.
| Characteristics | Values |
|---|---|
| Forex availability | Yes, forex is available at Bangalore Airport |
| Forex providers | BookMyForex, MakeMyTrip, Thomas Cook |
| Exchange rates | High exchange rates, varying between 5-15% |
| Exchange process | Currency exchange counters in the arrivals and departures area |
| Pros | Convenient, especially for last-minute exchanges |
| Cons | High fees, long queues, rate fluctuations |
| Alternatives | Online platforms, banks, post offices, travel agencies, currency exchange bureaus |
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What You'll Learn
Bangalore Airport has forex counters available
Bangalore Airport, also known as Kempegowda International Airport, does have forex counters available. These are typically located in the arrivals and departures area. However, it is worth noting that the exchange rates offered at the airport are often much higher than those offered by other forex providers in the city. As such, it is generally not recommended to exchange currency at the airport.
There are several other options for exchanging currency in Bangalore. Online platforms like MakeMyTrip Forex Solution, BookMyForex, and Thomas Cook offer competitive rates and hassle-free buy and sell foreign currency services. You can also exchange currency at banks, post offices, travel agencies, currency exchange bureaus, and certain hotels.
If you are looking for specific neighbourhoods in Bangalore with several currency exchange spots, you can try RT Nagar, RK Hegde Nagar, and Vijayanagar. These areas are known for having multiple options for currency exchange.
Additionally, if you are transferring money internationally, platforms like BookMyForex and Thomas Cook offer wire transfer services. These services can be useful if you are sending money to a family member abroad or making payments for overseas education.
Overall, while Bangalore Airport does have forex counters available, it is advisable to compare rates and consider using alternative currency exchange options to find the most favourable rates and avoid unnecessary fees.
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The airport's exchange rates are higher than live rates
Bangalore Airport, also known as Kempegowda International Airport, offers currency exchange services. However, the airport is known for charging very high exchange rates, which can be up to 15% more than the live rates. This is because the airport exchange bureaus incur high operational costs, such as steep rents and staff salaries, and they pass these costs on to their customers in the form of higher exchange rates and additional fees.
Airport exchange services are often one of the last options for travellers who need to convert money upon arrival or before departure, and they take advantage of this by charging more for the convenience. They rely on the fact that you need the currency right then and there, and that your options are limited.
By exchanging currency at the airport, you might miss out on better deals that you could find elsewhere, such as from local banks or online currency exchange platforms. These alternative options often offer more competitive rates and lower fees, allowing you to get more value for your money.
To avoid paying higher exchange rates, it is advisable to plan ahead and explore other options before heading to the airport. You can compare rates, consider your needs, and choose the most favourable option. Online platforms, such as BookMyForex and Fly Finance, are often recommended for their competitive rates and hassle-free experience.
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Online platforms offer better exchange rates
While forex is available at Bangalore Airport, online platforms like BookMyForex and MakeMyTrip offer better exchange rates and lower fees.
Bangalore Airport is known for charging very high exchange rates, which can vary between 5% and 15%. The airport's currency exchange shops make a large profit by offering travellers unfavourable exchange rates, knowing that they may need local currency immediately after their flight.
Online platforms, on the other hand, offer more competitive rates and lower fees. For example, BookMyForex invites customers to compare its rates with other providers, highlighting that it constantly checks exchange rates to ensure customers receive the best value. It also offers a range of over 160 currencies, with no added commissions or transaction fees. Similarly, MakeMyTrip, which is powered by BookMyForex, offers the best exchange rates in the market, with no markup, commission, or hidden charges.
In addition to better rates, online platforms can offer convenience and peace of mind. For example, BookMyForex provides a fully online remittance process, allowing customers to transfer funds abroad at the lowest rates possible from the comfort of their homes. It also offers a travel card, which can be used to make purchases with foreign currency easily.
Therefore, while forex is available at Bangalore Airport, it is advisable to use online platforms like BookMyForex and MakeMyTrip, which offer better exchange rates, lower fees, and added benefits such as convenience and peace of mind.
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Forex services are available at Kempegowda International Airport
Instead, it is suggested to compare rates from various forex services and utilise online platforms, such as MakeMyTrip powered by BookMyForex, or Thomas Cook, which offer better exchange rates and hassle-free currency exchange services. These platforms allow users to convert currency as per live rates, without any additional markups or hidden charges.
For those who prefer offline services, banks, post offices, travel agencies, currency exchange bureaus, and certain hotels in Bangalore also provide currency exchange services. Neighbourhoods such as Rajajinagar, RT Nagar, RK Hegde Nagar, and Vijayanagar are known to have several places for currency exchange.
Additionally, forex cards are available through online platforms like BookMyForex and Thomas Cook, which offer competitive rates and can be used for convenient and secure transactions while travelling abroad.
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Currency exchange counters are available at the airport
Instead of using the forex services at Bangalore Airport, you may want to consider alternative options. Online platforms, such as MakeMyTrip powered by BookMyForex, offer competitive exchange rates and hassle-free buy and sell foreign currency services. With MakeMyTrip, you can benefit from zero markup and zero commission charged, as well as no hidden charges. Their forex solutions include a multi-currency card that allows you to swipe and make purchases or payments conveniently.
Another option is to use the services of Thomas Cook, which has centres established across India, including in Bangalore. Thomas Cook provides efficient online and offline forex services and ensures customer satisfaction with smooth and hassle-free processes. They offer various Forex services, including sending money abroad, receiving money in India, selling and buying forex, and online remittance. Thomas Cook also provides a forex card that is safe and secure for expenses in foreign countries.
Additionally, there are several neighbourhoods in Bangalore known for their currency exchange spots, such as Rajajinagar, RT Nagar, RK Hegde Nagar, and Vijayanagar. These areas offer a variety of options for currency exchange, including banks, post offices, travel agencies, currency exchange bureaus, and hotels. It is always recommended to compare rates and check the authenticity of service providers to get the best exchange rates and a reliable experience.
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Frequently asked questions
Yes, Kempegowda International Airport offers forex services and has currency exchange counters in the arrivals and departures area.
The exchange rates at Bangalore Airport are typically higher than the live rates and can vary between a 5% to 15% markup.
Yes, there are several other places in Bangalore that offer currency exchange services, including banks, post offices, travel agencies, currency exchange bureaus, and hotels. Online platforms like MakeMyTrip, BookMyForex, and Thomas Cook are also recommended for their competitive rates and convenience.
Forex services at Bangalore Airport offer the convenience of exchanging currency on-site, especially for last-minute travellers. However, it is generally not recommended due to the high exchange rates and potential delays caused by long queues at the counters.
