Getting forex and currency exchange in Nagercoil is simple and convenient, with several reliable service providers and clear procedures for tourists and visitors.
1. Understand Forex in Nagercoil
- Nagercoil, located in Kanyakumari District (Tamil Nadu), has multiple authorised currency exchange offices approved by the Reserve Bank of India (RBI).
- Most reputed companies include Unimoni, LuLu Forex, and Arjuna Forex Pvt Ltd.
- You can buy or sell foreign currency, transfer money abroad, or load prepaid travel cards.
2. Documents Required (KYC Norms)
When exchanging currency, carry the following:
- Passport – mandatory for foreign nationals or international travellers.
- PAN Card – required for Indian residents for transactions above ₹25,000.
- Valid ID Proof – Aadhaar card / Driving Licence / Voter ID.
- Travel Proof (for buying forex) – Visa / Air Ticket / Travel Itinerary.
- Receipt – always collect one after your transaction.
3. Best Forex & Currency Exchange Offices in Nagercoil
(a) Unimoni Financial Services Ltd
- Address: No. 44, 1st Floor, Court Road, opposite Hotel Canaan, Nagercoil 629001
- Phone: +91 7594 002 633
- Timings: Monday–Friday (9:30 AM – 6:00 PM), Saturday (9:30 AM – 2:00 PM)
- Website: unimoni.in/nagercoil
- Services:
- Foreign currency exchange (buy/sell)
- International money transfer
- Prepaid travel card
- Foreign currency demand drafts
- Why Choose: Trusted nationwide network, excellent reviews (4.9★, 1000+ reviews), authorised by RBI.
- Tip: Call ahead to check availability of currencies like USD, EUR, GBP, AUD.
(b) LuLu Forex – Nagercoil
- Address: Shop No. 54, Court Road, Nagercoil 629001
- Phone: +91 9947 194 545
- Website: luluforex.com
- Hours: Typically 9:30 AM – 6 PM (Mon to Sat)
- Services:
- Buy/Sell Forex Currency
- Wire Transfers (Western Union, MoneyGram)
- Travel Cards & Remittance
- Why Choose: Reputed Indian brand, offers prepaid cards (safer than cash), often quick service.
- Tip: Good option if you want to load forex on a travel card before an international trip.
(c) Arjuna Forex Pvt Ltd
- Address: 48/3-23, Court Road, near Pravin Skin Hospital, Nagercoil 629001
- Phone: +91 9578 165 069
- Hours: 9:00 AM – 7:00 PM (Mon to Sat)
- Services: Currency exchange, travel services, money transfer
- Why Choose: Local independent forex dealer, often flexible with rates.
- Tip: Bring smaller currency denominations for ease of exchange.
4. Step-by-Step Guide to Exchange Currency
- Choose an authorised exchange centre (preferably from list above).
- Bring necessary documents (passport, PAN, travel proof).
- Ask for the current day’s rate and confirm any service fees.
- Hand over Indian Rupees (or foreign currency if selling).
- Receive the foreign cash / travel card / transfer receipt.
- Count notes carefully at the counter.
- Collect a printed receipt with full transaction details.
5. Currency Exchange Limits (as per RBI Rules)
- You can purchase up to USD 3,000 (≈ ₹2.5 Lakh) per trip in foreign cash.
- Up to USD 2,50,000 per financial year allowed under Liberalised Remittance Scheme (LRS).
- Foreign currency must be used within 60 days of purchase.
- You can reconvert unused forex within 180 days of return to India.
6. Important Tips for Tourists & Visitors
- Avoid Airport Exchanges – rates are poorer; city offices offer better value.
- Compare 2–3 centres – even small differences save you money.
- Always keep your receipt – you’ll need it for future buy-backs or travel.
- Be cautious – never hand over money to unauthorised agents.
- Count notes immediately – don’t leave the counter until you’ve checked.
- Use daytime hours – branches usually close by early evening.
- Ask for travel cards if you don’t want to carry large cash amounts.
7. Nearby Facilities
- ATMs & Banks: SBI, HDFC Bank, Axis Bank, and ICICI Bank all operate near Court Road.
- Transport: All exchanges are within 1 km of Nagercoil Bus Stand and ≈ 2 km from Nagercoil Junction Railway Station.
- Hotels Nearby: Hotel Canaan, Hotel Ganga Residency, Hotel Udupi International – all walkable distance from Court Road.
8. Safety & Legal Advice
- Exchange only at RBI-authorised dealers (AD-II / FFMC).
- Keep copies of your passport & receipts safely.
- Avoid black-market or unofficial currency exchanges.
- If any issue arises, contact RBI’s Consumer Helpline or local police helpline (100).
9. Sample Exchange Rates (Approximate, may vary daily)
| Currency | Buying Rate (₹) | Selling Rate (₹) |
|---|---|---|
| USD ($) | 82.00 – 83.00 | 83.50 – 84.50 |
| EUR (€) | 88.00 – 89.00 | 89.50 – 90.50 |
| GBP (£) | 102.00 – 104.00 | 104.50 – 106.00 |
| AED (د.إ) | 22.25 – 22.75 | 23.00 – 23.50 |
| (Rates fluctuate daily; confirm at counter before exchange.) |
10. Emergency Contacts
- Unimoni Nagercoil – +91 7594 002 633
- LuLu Forex Nagercoil – +91 9947 194 545
- Arjuna Forex Pvt Ltd – +91 9578 165 069
- Police Helpline – 100
- Tourist Helpline – 1363
- Nearest Hospital – KIMS Hospital, Court Road, Nagercoil