Currency Exchange in Mumbai

Live Interbank Rates · Zero Markup

Live Forex Rates in Mumbai Today

The exchange rates below are live interbank rates, the same rate banks use when trading with each other. Matrix Forex applies zero markup on all transactions.

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Markup

₹0

Fees

Same Day

Delivery

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Indicative rates · Zero markup applied · Confirmed at time of transaction

LIVE RATES

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What We Offer

Forex Services Available in Mumbai

Three services available online with home delivery across the city.

💱

Service 1

Foreign Currency Notes

Buy currency in USD, EUR, GBP, AED, SGD, THB, AUD, and more at live interbank rates. Delivered to your home or office the same day, Monday to Saturday.

Order Currency →

Service 2

Matrix Forex Card

Visa-powered prepaid card supporting 28 currencies. Load at live rates before your trip. Zero cross-currency charges when the right currency is loaded.

Get Forex Card →

Service 3

Send Money Abroad

Outward remittances for education, family maintenance, medical treatment, and personal travel under LRS. Up to USD 250,000 per year.

Send Money →

The Hidden Cost of Forex

Why Mumbai Residents Lose Money on Forex Without Realising It

Mumbai is India's financial capital. It is also the city with the most to lose on a bad forex rate. Hundreds of thousands of residents travel internationally every year: finance professionals flying to London and New York, IT and media workers heading to Singapore and Dubai, families visiting relatives in the US and UK, students leaving for universities abroad. The airport is always busy. The demand for foreign currency is constant.

For most of them, the default has been their bank or a counter at the airport. Both are among the most expensive places to exchange currency in the country. Airport counters routinely apply markups of 7%. Banks embed their margin invisibly in the quoted rate with no separate line item, no disclosure.

Bank markups typically run 2 to 5%. On a ₹1 lakh transaction that is ₹2,000 to ₹5,000 you cannot see. On a ₹2 lakh transaction, up to ₹10,000 gone with no explanation on any receipt. For a Mumbai finance professional taking four international trips a year, the annual cost of using a bank for forex can easily cross ₹15,000 to ₹20,000.

Matrix Forex transacts at the live interbank rate with zero markup. The rate in the converter above is the rate at which your transaction is processed. Compare it against the mid-market rate on Google. They should match.

The practical takeaway: check the mid-market rate on Google before any transaction. Compare it to the rate you are being quoted. The gap is your markup.

Bank / Counter Rate

+2% markup

₹2,000 lost on ₹1L

vs

Matrix Forex Rate

0% markup

Live interbank rate

On a ₹2 Lakh Transaction

Bank (2% markup) ₹4,000 extra charge

Airport counter (5% markup) ₹10,000 extra charge

Matrix Forex ₹0 markup

According to RBI data, India processed USD 29.56 billion in outward remittances under LRS in FY2024–25. Even a 1% markup difference across that volume represents thousands of crores transferred to intermediaries rather than customers.

Same-Day Delivery

Same-Day Forex Delivery Across Mumbai

Mumbai runs on tight schedules. A Sunday evening flight to Dubai. A student's US visa approved on a Thursday. A last-minute business trip to Singapore. In every one of these situations, walking to a branch or waiting two days for delivery is not practical.

Same-day delivery through Matrix Forex covers the full cycle, from order to doorstep, within hours. The online process takes under 10 minutes: check the rate, place the order, upload documents, confirm payment.

Delivery Coverage — Mumbai

Andheri East, Andheri West, Bandra, BKC, Kurla, Powai, Juhu, Vile Parle, Santacruz, Goregaon, Malad, Borivali, Kandivali, Dahisar, Jogeshwari, Sakinaka, Marol, Lower Parel, Worli, Dadar, Parel, Chembur, Ghatkopar, Mulund, Thane, Navi Mumbai, Colaba, Marine Lines, Fort, and surrounding areas.

🏢 Walk-in Branch Available

Our Branch

Walk In or Get It Delivered

Most forex platforms operating in Mumbai are delivery-only aggregators that take your order and route it to a vendor partner. Matrix Forex gives you the option to walk in and deal with the same team from start to finish. The Andheri East branch is located in Marol, near the Andheri-Kurla Road corridor. It is accessible from Andheri, Vile Parle, Kurla, Powai, and the MIDC belt. Business hours are Monday to Saturday, 10am–7pm. If you prefer doorstep delivery, the home delivery option covers all major Mumbai zones. Orders placed online with documents submitted and payment confirmed before the applicable cutoff are dispatched the same day.

Open Today

Mumbai Branch

Address

Contact us for branch address

Phone / WhatsApp

+91 9560807781

🕐

Working Hours

Mon–Sat, 9:30 AM – 6:30 PM

Branch Manager

Suchita Sachin Rane

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Zero Markup Card

The Matrix Forex Card for Mumbai Travellers

Mumbai has one of the highest outbound international travel volumes of any Indian city. The traveller profiles here are distinct, and each benefits from the card differently. For finance and banking professionals travelling to London, New York, Hong Kong, or Singapore: frequent short trips mean repeated exposure to exchange rate markup. Load USD, GBP, or SGD once at a live rate and every spend abroad whether hotels, taxis, client dinners, is processed at that rate. No per-transaction markup. For students leaving for the US, UK, Canada, or Australia for a full academic year: the card handles daily expenses without the 3.5% cross-currency markup that applies to a regular debit or credit card used abroad. At that rate, a student spending ₹30,000 per month on a credit card pays over ₹12,000 per year in markup alone. For leisure travellers heading to Bangkok, Dubai, Singapore, or Bali: the card removes the need to carry large amounts of cash and provides transaction-level security that cash does not offer. For NRI families remitting money to relatives abroad: the forex card offers a way to hold foreign currency securely before transferring, without the volatility risk of waiting on exchange rates.

✓ No joining fees

✓ No annual fees

✓ No delivery fees

✓ 28 currencies on a single card — USD, EUR, GBP, AED, SGD, THB, AUD and more

✓ Load in INR at live interbank rates before your trip

✓ Zero cross-currency charges on the loaded currency

✓ Visa-powered — accepted at ATMs, POS and online in 180+ countries

One important note: cross-currency charges apply when you spend in a currency not loaded on the card. Always load the currency of your primary destination. Our Andheri East branch team will advise on the right combination before you travel.
The Matrix Forex Card supports 28 currencies, including USD, CAD, GBP, AUD, SGD, EUR, HKD, JPY, NZD, SAR, ZAR, CHF, THB, AED, and SEK etc.

Get Forex Card → Request Callback

180+

Countries

0%

Markup

Free

Issuance

15

Currencies

LRS Remittances

Sending Money Abroad from Mumbai: LRS Rules

Mumbai has one of the largest NRI-connected populations in India. A significant share of outward remittances from the city go toward student education abroad, family maintenance, and overseas property investment. Here is what you need to know before remitting.

The LRS limit is USD 250,000 per individual per financial year, resetting on April 1 every year. Multiple remittances are allowed within the year as long as the cumulative total stays within the limit. The ₹10 lakh TCS threshold is cumulative across all remittance purposes in a financial year.

TCS is not an additional tax. It is advance tax collection, credited against your income tax liability for the year and claimable when you file your ITR. The Finance Act 2026 reduction from 5% to 2% on self-funded education and medical remittances is a direct reduction in upfront cash outflow for families.

Documents required for outward remittance through Matrix Forex: PAN card, Aadhaar, A2 form (provided by us), and a purpose-specific supporting document: the admission letter for education, a medical estimate for treatment, or a passport copy for personal travel.

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TCS Rates — Effective April 1, 2026

Purpose	TCS Rate
Education (loan-funded)	0% unchanged
Education (self-funded, above ₹10L)	2% (was 5%)
Medical treatment abroad (above ₹10L)	2% (was 5%)
Overseas tour packages	2% flat
Foreign investments (above ₹10L)	20% unchanged

TCS is not an additional tax — it is advance tax collection, credited against your income tax liability when you file your ITR. Source: Finance Act 2026; Section 394, Income-tax Act 2025.

Frequently Asked Questions

Currency Exchange in Mumbai: FAQs

How can I buy foreign currency in Mumbai?

You can buy foreign currency online at matrixforex.in with same-day delivery to Mumbai. Order before 2 PM, complete KYC and payment, and your currency arrives the same day. No branch visit required.

Does Matrix Forex deliver to Mumbai on weekends?

Yes. same-day delivery is available in Mumbai Monday to Saturday for orders placed before 2 PM. Sunday delivery is currently available from our Delhi branch only.

What is the forex exchange rate in Mumbai today?

The live interbank rates are shown in the calculator above, with zero markup applied. The rate you see is the rate you transact at. Check the calculator for today's current USD, EUR, GBP, AED, and other rates.

Are there any hidden charges for currency exchange in Mumbai?

No. Matrix Forex charges zero markup on the interbank rate and zero conversion fees. The only statutory cost is GST, calculated on the currency conversion value as per government slabs and disclosed upfront before you confirm.

Can I get a Forex Card in Mumbai?

Yes. The Matrix Forex Card is available in Mumbai via home delivery. A Visa-powered multi-currency card supporting 28 currencies, loaded at live interbank rates. No joining fee, no annual fee, no delivery fee.

Is Matrix Forex RBI-authorised for transactions in Mumbai?

Yes. Matrix Forex holds RBI Authorised Dealer Category-II Licence No. NDL-ADII-0023-2023, valid nationally. All transactions, regardless of your city, are FEMA 1999 compliant with full documentation provided.