Where to exchange money in Srinagar
Before you set out exploring in Srinagar, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Srinagar that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Where to exchange money in Srinagar
Before you set out exploring in Srinagar, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Srinagar that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Srinagar
If you have a need to use cash, here are some recommendations to exchange foreign currency in Srinagar.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Unimoni Financial Services Ltd, Srinagar | First Floor, Baba Building, Residency Road, above Samci Restaurant, Regal Chowk, Munshi Bagh, Srinagar, 190001 | +91 75940 02950 |
| Sst Exchange | 14 A, Polo View Road, Lal Chowk, Srinagar, 190001 | |
| U A E Xchange | 3RFC+F3W, Polo View Road, Munshi Bagh, Srinagar, 190001 | |
| Fayaz Money Changer | 3RQW+MFH, Boulevard Rd, Rainawari, LakeSrinagar, Srinagar, 190001 | |
| Western Union Money Transfer | Parking PoloView, Polo View Road, Munshi Bagh, Srinagar, 190001 | +91 194 247 4092 |
| SEA & SKY TRAVEL (I) PVT LTD | 14, Polo View Road, Market, Srinagar, 190001 | +91 96970 33500 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Indian rupee rate today
First off, in case you’re wondering something along the lines of “does India use Indian rupee?”, the answer is yes. The currency in Srinagar — and the rest of India— is Indian rupee
You can also find it written as INR in currency exchange shops.
What you should know about exchanging money in Srinagar
When exchanging money in Srinagar 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. 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.
2. Know 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. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. 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.
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.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Srinagar. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
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.