Where to exchange money in Panvel

If you’re planning a trip to Panvel, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.

On this page, we’ll provide you with a list of the best places to exchange currency in Panvel. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.

Where to exchange money in Panvel

If you’re planning a trip to Panvel, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.

On this page, we’ll provide you with a list of the best places to exchange currency in Panvel. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.

Wise

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Currency exchanges in Panvel

We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Panvel below.

Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.

Money ChangerAddressContact Information
ARHAM TOURS AND TRAVELS (FOREIGN CURRENCY EXCHANGE)Shop No.04, Plot no 20, Sai Arcade, Sector 15, New Panvel East, Panvel, Navi Mumbai, Maharashtra 410206, India+91 90042 81178
DHARIWAL HOLIDAYS & MONEY EXCHANGE (FOREIGN CURRENCY EXCHANGE)Shop no. 03 Plot no. 72 Shiv Tej Plaza Sector-28, New, Nerul West, Nerul, Navi Mumbai, Maharashtra 400706, India+91 99879 54654
SAIMUDRA WORLDMahalaxmi Mall , First Floor , Office No 66 , Plot Number 8, 8B Sector 35 , Mansarovar, Contact No 9820841720 / 9773014720, Sector 7, Kamothe, Panvel, Navi Mumbai, Maharashtra 410209, India+91 98208 41720
Western Union | Money Exchange In KhargharShop No. 66 Vighnahar Complex, Plotno. F 72, Block G, Sector 12, Kharghar, Navi Mumbai, Maharashtra 410210, India+91 91372 91506
NK Money TransferBuilding No: 90, Room No: 1, KL 4, Railway Quarters, Sector 4E, Kalamboli, Panvel, Navi Mumbai, Maharashtra 410218, India+91 91677 55775
MR TRADERSSHOP NO A-8, LIG 1ST, near City Hospital Road, Sector 3, Kalamboli, Panvel, Navi Mumbai, Maharashtra 410218, India+91 1800 325 6000
Irava CorporationsShop No-32, Raja Complex, near, Chhatrapati Shivaji Maharaj Chowk, next to Mongines, Old Panvel, Panvel, Navi Mumbai, Maharashtra 410206, India+91 88509 95040
Thomas CookShop No 13, Sai Swar Building, Plot No 20, Sector 2, Kharghar, Navi Mumbai, Maharashtra 410210, India+91 88795 52457
Muthoot FinCorp Gold Loan1st Floor, Sai Darshan CHS, Npm Road, near Yes Bank, Sector 19, New Panvel East, Panvel, Navi Mumbai, Maharashtra 410206, India+91 92890 56164
TRAVEL SCAPE HOLIDAYSOffice No. 31, 1st, Hiranandani Crystal Plaza, Hiranandani, Sector 7, Kharghar, Navi Mumbai, Maharashtra 410210, India+91 91364 96644
Thomas CookNo 27 & 28, Raje Commerical Complex, MTNL Rd, opposite Shivaji Maharaj Statue, MCCH Society, Panvel, Navi Mumbai, Maharashtra 410206, India+91 88799 76215
Muthoot FinCorp Gold LoanGrd Flr, Sai Sadhana, 3-5, Khanda Colony, opposite Veer Hospital, Sector 10, Greater Khanda, Panvel, Navi Mumbai, Maharashtra 410206, India+91 92892 62186
MIZNA TRAVELSShop no.3 Yashonarayn CHS, Plot no 403, Old, Panvel Railway Station, near Kokan Food Restaurent, W, Panvel, Navi Mumbai, Maharashtra 410206, India+91 99204 45569
Muthoot Finance Gold LoanShop No 2, 1st Floor, Sai Harsh Middle Class Chs, near MTNL Road, Old Panvel, Panvel, Navi Mumbai, Maharashtra 410206, India+91 1800 120 2838
WESTERN UNION , MONEYGRAM , TRANSFAST , RIA MONEYSHREE DARSHAN BLDING , 2ND FLR , 201 PLOT 95 , 96 , SECTOR 34 , MANSAROVAR, Sector 34, Kamothe, Panvel, Navi Mumbai, Maharashtra 410209, India+91 73040 50280
Phatak EnterprisesGround Floor Girija Banglow Plot Number 12 Road 16, Sector 19, New Panvel East, Panvel, Navi Mumbai, Maharashtra 410206, India+91 91675 52882

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Indian rupee rate today

The currency used in Panvel, as well as the rest of India is Indian rupee.

However, when visiting a currency exchange shop you will notice they use currency codes. The code for Indian rupee is INR. Keep an eye out for this if you want to compare exchange rates.


What you should know about exchanging money in Panvel

When exchanging money in Panvel or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in India long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.

1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.

2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.

3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.

4. Use ATMs strategically
Check if your local bank has partnerships in India banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.

5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Indian rupees for a fairer rate and fees. The same applies if you get the option on card machines.

Consider an alternative to physical currency exchanges

Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.

Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.

There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.

Bottom line

From the list above you should have plenty of options for finding a physical currency exchange in Panvel. If you'd like more options, try searching on a search engine like Google.

Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.

Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.