ARE BANKS THE BEST OPTION TO BUY FOREIGN EXCHANGE IN AHMEDABAD?

If you have ever paid a visit to Ahmedabad, you would know that it is one of the most culturally rich and historically blessed cities to have ever existed in India. It has the gift of a profound history involving the Rajputs, Mughals, Marathas and also the mighty British who invaded many parts of India. Despite its countless visitors, Ahmedabad has managed to keep its cultural landscape and surroundings intact. Even today, thousands of tourists visit the city annually, to catch a glimpse of some of the beautiful treasures present in this city. Various important spots are testimony to the 150 year old heritage cultivated by Ahmedabad. Some of them include the world-famous Sabarmati Ashram where Mahatma Gandhi resided for 12 years, the Kamla Nehru Zoological Park where a number of endangered animal species are given protection, the breathtaking Kankaria Lake which holds the record of the largest lake in Ahmedabad and so on. Sounds like a truly amazing city to live in, doesn’t it? In fact, the residents of Ahmedabad have all modern amenities at their disposal which results in Ahmedabad possessing an enviable livability index among all cities in India.

For all the travel enthusiasts residing in Ahmedabad, there is yet another piece of good news. Any international trip is slightly more tedious to plan than a trip within the borders of the country due to various legal procedures such as the requirement of passports, a visa and foreign exchanged currency. The latter continues to play an important role even after landing in the destination country because no trip is complete without a few expenses along the way. However, the question to be asked is, are banks the best option to buy foreign exchange in Ahmedabad? Let us explore the various financial exchange options presented by this city to its residents.

The most popular method of exchange preferred by tourists is to avail the services of the exchange booths available at airports. These booths seem both convenient and hassle-free and one can put off the whole process of exchange until actually landing at the destination. However, not many people realize that this convenience actually comes at a price. These airport booths tend to charge their customers very high exchange rates which makes the entire process very uneconomical, especially for frequent flyers. In fact, the rates offered at airports happen to be the highest compared to any other financial institution or organization. Another option is to walk into your nearest reputed bank and request for an exchange. Banks offer extremely attractive advantages in terms of the legality of the process. One can steer clear of occurrences of stealth, fraudulent transactions, counterfeit notes and other illegal scams by entrusting the bank with your money. However, even though banks offer security, they do so at a price. The exchange rates offered by banks are not at all competitive, being second highest compared to airport booths. One ends up spending more money as exchange fees instead of actually getting maximum amount of money exchanged.

With these options out of the way, it becomes important to look for options which offer secure, reliable and efficient services at reasonable exchange rates. Trusting a third person money exchanger in Ahmedabad can be extremely risky because when it comes to money, it becomes crucial to safeguard it against unknown firms with ill intentions. This is where the option of opting for online Forex vendors comes into the picture. Offering the best of both worlds, online Forex vendors offer extremely reliable, hassle-free, instantaneous exchanges at the most competitive rates available! In fact, by opting for Forex products like travel cards and Forex cards, one can exchange in numerous currencies and these cards are recognized by several countries. The best part is that most of your hard-earned money actually goes into the exchange instead of the fee associated and one ends up saving a substantial amount of money. This is hugely beneficial to frequent flyers who have to keep crossing borders for professional or personal purposes.

It is important to hire an online Forex vendor after conducting ample research and interrogating the concerned officials until one is satisfied with the authenticity and work ethic of the company. Ahmedabad thankfully has a dense network of reputed and renowned Forex vendors who even deliver the package to your doorstep if you require it. Other advantages like freezing the exchange rate during the duration of the transaction makes it easier for the customer to anticipate the exact price to be paid. Every term and condition must be discussed at length by both parties and once the transaction has been finalized, one can proceed at the comfort of one’s home by initiating the exchange online. Most Forex vendors support online exchanges, which greatly simplifies the entire process and makes it instantaneous and hassle-free. Sounds too good to be true, doesn’t it? So what are you waiting for? Go ahead and treat yourself to that much awaited trip!