Apps

Best Foreign Exchange Apps Available In India

Foreign Exchange

Are you having a hard time finding the ideal foreign exchange apps? With the pandemic subsiding gradually, Indians are once again flying abroad for study as well as for leisure. When it comes to overseas travel, getting forex is inevitable.

Thanks to recent digital innovations, getting your needs fulfilled is now easier than ever. Forex can now be purchased straight from your smartphone regardless of whether you are an Android or iOS user. The fast growing demand for foreign exchange in India has led to a tremendous increase in the number of forex providers across the country. Although there is no dearth of forex apps on the internet, choosing from among hundreds of options can be somewhat mind-boggling.

If you feel overwhelmed by the countless choices of foreign exchange apps online, you are luckily in the right place. In today’s post, we have put together a list of the top 4 forex apps to save you the hassle of conducting extensive research online.

  1. BookMyForex

Launched in April 2016, BookMyForex is India’s best foreign exchange app that can cater to all your forex requirements under one roof. The app offers unbeatable exchange rates thanks to its wide network of over 5000 bank’s branches and reputed Money changers across 650+ Indian cities. Also, BookMyForex provides doorstep delivery of its forex products in more than 185 cities in India. With the app, you can not only book the order but can also track the order with the live updates. Also with the BookMyForex application at your disposal, you can seamlessly manage your BookMyForex Co-branded travel forex card from anywhere in the world. Including but not limited to, below operations on one click access:

  1. Link your BookMyForex card with the app
  2. Check card balances
  3. Check spends
  4. Set/Rest PIN
  5. Hassle free and document-less card reloading during existing trip
  6. Instant wallet to wallet balance transfers
  7. Lock/ unlock card
  8. Enable/ disable spending channels such as POS/ ATM/ Ecom/ NFC
  9. Issue and dispose virtual cards
  10. Set overall daily limits, channel wise daily limits (ATM/ POS/ E-com) – available in next release
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You can load any currency in your forex card and instantly convert wallet balances across 14 different foreign currencies. Boasting bank-grade security standards, the app is backed with the fingerprint login facility and it allows users to lock/unlock their card with the touch of a button. The BookMyForex app adds an extra element of security to online transactions with virtual cards which can be disposed of instantly. The app can also come in handy for placing and managing forex orders.

Users can rely on the app to transfer money to foreign destinations under the RBI prescribed limits. Above all, the inbuilt live chat feature can be leveraged in case you have queries about the functionalities of the app.

Download the App: BookMyForex

  1. India Cements Forex

Packed with a massive array of features, India Cements Forex has been gaining traction in the foreign exchange space lately. This forex app features a simple and user-friendly interface which makes it a perfect choice for non-tech savvy people. Thanks to its small size, the app downloads and installs within minutes. India Cements Forex lets you purchase foreign exchange in multiple forms such as hard cash, travelers’ cheques etc.

The basic functionalities of the application allow you to buy and sell forex online. You can easily collect the amount for forex sold/bought from a nearby branch whose location will be shared with you via a text message. The best part is that India Cements Forex goes to the extent of providing doorstep delivery for its cost-efficient travel forex cards. The app even has a built-in currency converter and live rate tracker for added convenience.

Download the App: India Cements Forex

  1. Currency FX by Handy Apps
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Currency FX is an app developed by Handy Apps that provides live currency exchange rates for your currency conversion requirements via a simple, fast and efficient user Interface.

The intuitive UI of Currency FX shows you all the information you need in one single screen. This currency converter tool provides you the following features:

  • Live currency exchange rates for more than 150 currencies
  • Charts available for analyzing forex rate trends over a period of 1 day, 5 days, 1 month, 3 month, 1 year and 5 years
  • Favorite currency List to easily see all your favorited currency rates against your selected base currency
  • News section to keep you updated with the latest forex information
  • Offline mode to allow currency conversion without internet connection

Download the App: Currency FX

  1. IMoney by Clover Team

iMoney is a live foriegn currency exchange rate calculating app developed by Clover Team. iMoney provides calculations between 170+ most frequently used currencies with simple and easy-to-use UI free of cost.

This forex app includes the following features:

  1. Provide support to calculate rates between 5 currencies simultaneously.
  2. Provides you live forex rates (updated on an hourly basis)
  3. ‘List view’ provides a view of all currency rates.

Download the App: IMoney

Takeaway

We live in an era where forex services are being increasingly availed for multitudes of purposes like international travel, university fees, medical expenses etc. Whether you are a student, traveler or businessman, the need for forex can arise at any time. What’s good is that you no longer have to take out time and travel to far-off branches to buy forex.

A smartphone and decent net connection is all you require to purchase foreign exchange from the comfort of your home. Therefore, make sure you choose the best forex app from the aforementioned list to pave the way for a seamless and convenient forex buying experience.

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