Money Changers with Best Exchange Rates in Mumbai

Mumbai Travel Guides / March 24, 2017
Money Changers with Best Exchange Rates in Mumbai

Mumbai, formerly known as Bombay, is the financial and commercial center of India. It is the capital of Maharashtra State.

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.

There are many money exchange shops in Mumbai that offer very competitive rates. You can find plenty of them in busy commercial and tourist areas.

The options include well-established international currency exchange companies, like UAE Exchange and Thomas Cook, or popular homegrown businesses, like Soni Forex and Prime currency. The homegrown independent forex shops usually offer better rates.

Most of the money changers here accept traveler’s cheques.

You can also exchange currency at banks but this is not recommended because their currency rates are lower than those offered at forex shops. And it will take longer transaction time at bank.

To help you get the most rupees possible, we have compiled this list of money changers that offer the best rates in Mumbai. Addresses and phone numbers are included in so you can look it up or call before visiting.

1. Popular Independent Money Changers in Mumbai

Popular Independent Money Changers in Mumbai Image credit: Daspan Forex

These well-known homegrown forex businesses have been established for years and are renowned for offering reliable services and best rates in the market.

1) Soni Forex

  • Located near Seven Bungalows Garden
  • Address: Shop No. 1, Oasis Apartment, Near Seven Bungalow Garden, Off J. P. Road, Andheri West, Aram Nagar Part 1, Aram Nagar, Versova, Andheri West, Mumbai, Maharashtra 400061, India
  • Phone: +91 98199 80058
  • Opening hours: Monday to Saturday 09:30 – 21:00

2) Prime Currency

  • Located near Near Alfa/Irla Church
  • Address: F-4, Prime Mall, Irla Road, Vile Parle West, Indira Nagar, Vile Parle, Mumbai, Maharashtra 400056, India
  • Phone: +91 98208 12463
  • Opening hours: Monday to Saturday 10:25 – 20:30

3) Daspan Forex

  • Offers currency exchange and money transfer services
  • Accepts traveler’s cheques
  • Located near the Central bank of India building
  • Address: Shop no 3, Kalika Darshan, Baburao Parulekar Marg, Off Bhawani Shankar Road, Dadar west, Babasaheb Ambedkar Nagar, Dadar, Mumbai, Maharashtra 400028, India
  • Phone: +91 22 2432 8711
  • Opening hours: Monday to Saturday 09:00 – 18:00*
  • Daily rates: http://www.daspanforex.com

4) Awesomme Foreign Exchange

  • Located beside Bagai Galleria
  • Address: Shop No 12/1b, Windwermere, Off New Link Road, Oshiwara, Lokhandwala, Andheri West, Andheri West, Mhada Colony, Andheri West, Mumbai, Maharashtra 400053, India
  • Phone: +91 22 2632 5757
  • Opening hours: Monday to Saturday 10:00 – 21:00

5) Kesari Foreign Exchange

  • Kesari is a travel company that also offers currency exchange services
  • Located across Our Lady of Victoria Church
  • Address: 314, L.J Road., Mahim West, Mahim, Mumbai, Maharashtra 400016, India
  • Phone: +91 22 2423 4312
  • Opening hours: Monday to Saturday 10:00 – 19:00

*Opening hours may change. Call first before visiting.

2. UAE Exchange in Mumbai

UAE Exchange in Mumbai Image credit: UAE Exchange

UAE Exchange operates in 31 countries around the world. Its company in India was established in 1999 and has more than 15 branches in Mumbai. Customer often praises UAE Exchange India for its fast and efficient service.

Their branches can be found near popular landmarks in Mumbai. If you are going through the Indira Dock area, you can exchange your money at the branch on Shahid Bhagat Singh Road.

Recommended branches
1) UAE Exchange @ Lal Bahadur Shastri Marg

  • Located near the Indian Central Bank building
  • Address: No.8, Abhiman – II, Opp. Forest Office, L.B.S Road Near Teenhath Naka, Thane West, Mumbai, Maharashtra, India
  • Phone: +91 1800 3000 1555
  • Opening hours: Monday to Saturday 09:30 – 18:00

2) UAE Exchange @ Manratna Business Park

  • This branch is just a short walk from Jashwantrai Mehta Garden
  • Address: Building No G3 Manratna Business Park, Tilak Road, Ghatkopar, Mumbai, Maharashtra 400077, India
  • Phone: +91 1800 3000 1555
  • Opening hours: Mon to Fri 09:30 – 19:00; Sat 09:30 – 14:00

3) UAE Exchange near Sadhu Vaswani Garden

  • The place is 2 minutes on foot from Sadhu Vaswani Garden
  • Address: No. 12 & 13, 34 Hill Road, Rizvi House, Bandra West, Mumbai, Maharashtra 400050, India
  • Phone: +91 1800 3000 1555
  • Opening hours: Mon to Fri 09:30 – 19:00; Sat 09:30 – 14:00

4) UAE Exchange near Indira Dock

  • Located near Indira Dock
  • Address: 1, Motichand Devchand Building, 271 Shahid Bhagat Singh Rd, Ballard Estate, Fort, Mumbai, Maharashtra 400001, India
  • Phone: +91 1800 3000 1555
  • Opening hours: Monday to Saturday 09:30 – 18:00

5) UAE Exchange near Kora Kendra

  • It is less than 10 minutes on foot from Mangal Murthi Hospital
  • Address: Building No.3, Shop. 12, Digon Sumer Nagar, Kora Kendra, Opp. Fly Verbridge, Borivali West, Mumbai, Maharashtra 400092, India
  • Phone: +91 1800 3000 1555
  • Opening hours: Mon to Fri 09:30 – 19:00; Sat 09:30 – 14:00

3. Thomas Cook in Mumbai

Thomas Cook in Mumbai Image credit: Thomas Cook India

Thomas Cook is a well-established travel financial services company that was founded in 1881. The company offers a variety of travel-related services like currency exchange, travel insurance, and e-business.

Thomas Cook has 15 branches all over Mumbai, which includes 1 outlet each at Sahar International Airport and Chhatrapati Shivaji International Airport.

If you are going to enjoy the awesome view of Powai Lake and its surrounding tourist attractions, you can drop by and exchange your money at Thomas Cook’s branch at Hiranandani Business Park.

Recommended branches
1) Thomas Cook @ Dr. D.N. Road

  • Located beside J. N. Petit Library
  • Address: Thomas Cook Bldg. 324, Dr. D. N. Road, Fort, Mumbai, Maharashtra, India
  • Phone: +91 22 61603333
  • Opening hours: Monday to Saturday 09:30 – 18:00

2) Thomas Cook @ Hiranandani Business Park

  • Located near Powai Lake
  • Address: Shop No 2, Ag-2 Delphi Building, Hiranandani Business Park, Powai, Mumbai, Maharashtra, India
  • Phone: +91 22 66093220-21
  • Opening hours: Monday to Saturday 09:30 – 18:00

3) Thomas Cook @ Dr. B.A. Road

  • This branch is a 3-minute walk from Mahalaxmi Temple
  • Address: 1 Bayside Arcade, Dr. B. A. Road, Near ITC Grand Central, Parel, Mumbai, Maharashtra, India
  • Phone: +91 22 24104472
  • Opening hours: Monday to Saturday 09:30 – 18:00

4) Thomas Cook @ Srinivas Bagarka Road

  • The place is only a minute on foot from JB Nagar Circle
  • Address: A 1/2, Silver Arch, Srinivas Bagarka Road, Off Tarun Bharat Layout, J.B. Nagar, Andheri (East), Mumbai, Maharashtra, India
  • Phone: +91 22 66093357, +91 22 66093360
  • Opening hours: Monday to Saturday 09:30 – 18:00

5) Thomas Cook @ Corporate Park

  • Located across Surana Sethia Hospital
  • Address: Unit No. 8, Corporate Park, Sion – Trombay Road, Swastik Chember, Chembur, Mumbai, Maharashtra, India
  • Phone: +91 22 66093183-84, +91 22 66093186
  • Opening hours: Monday to Saturday 09:30 – 18:00

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

 

4. Travelex in Mumbai

Travelex in Mumbai Image credit: Travelex India

Travelex opened its first store in India in 2003. It has 5 outlets in Mumbai with its headquarters located at Paradigm Towers.

Upon arrival in Mumbai, you can head straight to the Travelex branch located at the Departure Hall of Chhatrapati Shivaji International Airport to engage a service.

Branches
1) Travelex @ Hyper City Mall

  • Hyper City Mall is located near BMC Forest garden
  • Address: Hyper City Mall, Next to Inorbit, Link road, Malad (W), Malad West, Mumbai, Maharashtra 400064, India
  • Phone: +91 22 4295 6581
  • Opening hours: Daily 10:00 – 22:00

2) Travelex @ Paradigm Towers

  • Paradigm Tower is located near Malad Creek
  • Address: 2nd Floor, Paradigm Tower A Wing, Mindspace, Malad West, Rajan Pada, Mindspace, Malad West, Mumbai, Maharashtra 400064, India
  • Phone: +91 22 6675 7500
  • Opening hours: Monday to Friday 10:30 – 22:00

3) Travelex @ Juhu Tara Road

  • Located next to JW Marriott Mumbai Juhu
  • Address: Shop No 4, Shernaz Apartments, Juhu Tara Road, Santacruz (w), Mumbai, Maharashtra 400049, India
  • Phone: +91 22 2618 9220
  • Opening hours: Daily 10:00 – 22:00

4) Travelex @ 30th Road

  • Located opposite G-7 Multiplex
  • Address: Kakad Bhvn, 30th Rd, Bandra West, Mumbai, Maharashtra, India
  • Phone: +91 22 6675 7500 (Hotline)
  • Opening hours: Daily 10:00 – 18:00

5) Travelex @ Chhatrapati Shivaji International Airport

  • Located near the staff entry gate, before the Customs & Immigration Desk.
  • Address: T2C Departure, Chhatrapati Shivaji International Airport, Mumbai, Maharashtra, India
  • Phone: +91 9619389222
  • Opening hours: 24 hours

5. International Currency Exchange (ICE) in Mumbai

International Currency Exchange (ICE) in Mumbai

International Currency Exchange (ICE) is another well-known global forex company that runs business in Mumbai. It has been in the service for more than 40 years since it was first established in London.

ICE has 2 branches in Mumbai, one of them is conveniently located near Colaba Causeway Market.

Locations
1) ICE near Colaba Causeway Market

  • Located in the vicinity of Colaba Causeway Market
  • Address: 103/A, East West Court, Ground Floor, SBS Road, Colaba, Mumbai, Maharashtra, India
  • Phone: +91 22 2287 2635, +91 22 2287 2636
  • Opening hours: Daily 09:00 – 19:00

2) ICE @ Crystal Plaza

  • Located near Chhatrapati Shivaji International Airport
  • Address: 204 Crystal Plaza, Andheri Ghatkopar, Link Rd, Chakala, Andheri (East), Mumbai, Maharashtra, India
  • Phone: +91 93 22193603
  • Opening hours: Daily 09:00 – 19:00