Since Pollachi is a smaller commercial town, dedicated, multi-currency foreign exchange centers are scarce. The most reliable options will be major national banks in Pollachi for quick needs, or a short trip to the nearby city of Coimbatore for the best rates and service. Here are the four primary ways a new visitor can exchange currency:
1. In Pollachi: Utilizing Local Bank Branches (For Smaller Needs)
This is the most convenient option for small exchange amounts within Pollachi.
- Recommended Private Banks:
- HDFC Bank
- ICICI Bank
- Axis Bank
- These are the most likely to have limited Forex services.
- Recommended Public Banks:
- State Bank of India (SBI)
- This bank also offers limited currency exchange services.
- Process Overview:
- Locate a major branch (usually near the main bus stand or town center).
- Inquire directly at the teller or Forex desk.
- Be prepared to wait, as staff may need to verify stock and documentation.
- Note: Expect lower rates and limited availability of certain currencies compared to dedicated exchange centers.
2. The Best Option: Dedicated Forex Houses in Coimbatore (For Better Rates)
For the best rates, wider currency selection, and professional service, a trip to Coimbatore is recommended.
- Location:
- Coimbatore City Center (Areas like RS Puram or Avinashi Road).
- Distance is approximately 40–60 km (1 to 1.5 hours drive) from Pollachi.
- Recommended Forex Companies (Examples):
- Thomas Cook
- Unimoni (formerly UAE Exchange)
- BookMyForex (partnered outlets)
- Benefits:
- Highly competitive exchange rates.
- Instant exchange for most major world currencies.
- Professional and secure service.
3. Most Convenient Option: ATMs and Travel Cards
This is often the most cost-effective and convenient method for tourists.
- Using ATMs:
- Pollachi has numerous ATMs (HDFC, ICICI, SBI) that accept international cards.
- You can withdraw Indian Rupees (INR) directly.
- The exchange rate is usually based on the favorable interbank rate.
- Forex/Travel Cards:
- If you purchased a multi-currency Forex Card before your trip, you can use it to withdraw money at most Indian ATMs.
- This provides a safe way to withdraw money at a pre-locked-in rate.
- Tip: Always check your home bank’s foreign transaction fees and daily ATM withdrawal limits before traveling.
4. Last Resort: Coimbatore International Airport (CJB)
- Availability: Counters are open 24/7 immediately upon arrival at Coimbatore International Airport (CJB).
- Warning: This method should be used only for emergency amounts (e.g., taxi fare).
- Reason: Airport exchange services typically offer the least favorable exchange rates compared to banks or dedicated Forex houses.