Exchange rates at New Delhi Airport
FR

Translated into English.

Original post
RO
Hi, I’d like to arrive in India at New Delhi Airport with some cash. I was wondering if the exchange rates at the airport are any good or if it’s best to avoid them (and exchange in the city instead?).

Thanks for your help.
DI Did0764 Regular ·
Hi, definitely avoid this place.
RO Robert498 Regular ·
So, does a Fortuneo Gold card work for withdrawals at an ATM in New Delhi Airport?
DI Did0764 Regular ·
Yeah, like all the ATMs, since June it seems there’s only one company left for currency exchange (really to avoid—nearly a 20% loss), and I also think there are fewer ATMs now. Back in April, an ATM outside had decent rates with a choice of bills. I couldn’t find it again in June...
RO Robert498 Regular ·
When I check OpenStreetMap for Terminal 3 where I arrive in New Delhi, I see the following ATMs:

IndusInd Bank SBI ATM State Bank of India Citybank ATM

Is there one I should prioritize over the others in terms of fees charged by the local bank?
DI Did0764 Regular ·
Actually, you should test a withdrawal with each machine—two years ago, they showed the amount deducted in euros. A fellow traveler tested it, but I had rupees and exchanged them at a hotel I’ve been going to for 25 years...
XI Xiongmao Regular ·
Withdraw the minimum and exchange your euros in the city
RO Robert498 Regular ·
Why? I have a Fortuneo card, and I don’t get charged any fees by this bank. Only if the local bank does.
XI Xiongmao Regular ·
actually, it's not about the commission you pay to your bank (Fortunéo or another), but the EXCHANGE RATE used at the airport, which is much less favorable.
DJ Djalma Globetrotter ·
Generally, it's the commission from the bank in the country you're visiting that varies from one bank to another. Apart from rare exceptions, those at airports charge a higher commission, which is why it's best to exchange the minimum amount there. Plus, the exchange rate is usually worse in all airports. For Delhi, I have no idea—last time I was there, we were still exchanging on the black market at +20% in Connaught Place...
https://www.youtube.com/watch?v=-XCOyB7WStI https://www.youtube.com/watch?v=g2eI67iCbKY
AT Attila Globetrotter ·
Two years ago, they showed the amount deducted in euros.

You should never choose the ATM’s euro conversion—always opt for withdrawal in the local currency.

With local currency, you get the interbank rate, which is the best deal—even better than exchange bureaus. With euro conversion, you get the ATM owner’s rate, and it’s never a good deal!

In short, zero commission + the best exchange rate means:

- A bank card with 0% foreign transaction fees (Fortunéo, etc.—some traditional banks now offer a few fee-free withdrawals)

- An ATM with no transaction fees

- The "local currency" option

More and more ATMs are charging transaction fees. In that case, you’ll need to check which local network has the lowest fees while offering the highest withdrawal limit.

Here’s why:

Fees are fixed. So, it’s better to choose an ATM that lets you withdraw 1000 in local currency for 5 € than one that only allows 100 for 2 €. (Withdraw larger amounts each time.)

At the bottom of this page, you’ll find a breakdown of fees for each bank. If any info is outdated, it’d be great to let the site’s team know so they can update their table.
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DI Did0764 Regular ·
I didn’t explain myself well—if you withdraw 10,000 rupees, the ATM shows the amount debited from your bank account in euros. I tested two machines right next to each other, and one was more favorable than the other.
AT Attila Globetrotter ·
You should never consider that amount. It doesn’t mean anything if you refuse the euro conversion (meaning you choose to debit your account in the local currency).

For example: the withdrawal is 1,000, one machine shows 500 €, another shows 495 €. If you refuse the conversion, the withdrawal will appear on your bank statement as 490 €, no matter which ATM you used.

In my completely made-up example, neither ATM is too greedy...

The local bank can easily pocket 30 € if you’re not careful and don’t choose the local currency option.

It’s the same for purchases, by the way. Always refuse the offered conversion—it’s less favorable than the interbank exchange rate.

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RO Robert498 Regular ·
At the bottom of this page, you’ll find the fees for each bank.

Perfect link, that’s exactly what I needed. Thanks
AT Attila Globetrotter ·
It might not be fully up-to-date with the latest data, but it's better than nothing! ;)

Plus, it explains the subtleties of an ATM or different bank cards way better than I could.
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PA Pagaljavab Globetrotter ·
Hi there,

To sum it up best: - the exchange rate at the airport is terrible, - the rate at ATMs is even worse. For the best exchange rate, the best solution is: ==》 withdraw the minimum at the airport, just enough for a taxi, ==》 exchange at city exchange bureaus that offer great rates and no commission. For example, if today’s rate is 107 rupees for 1 €, these bureaus will offer rates of 106 or 105 with no commission at all. ==》 Or at a market, with a shopkeeper—especially jewelers. You hear here and there that some offer the day’s rate with no commission, but in my experience (for India), it’s often the same rate as the good exchange bureaus.

I don’t see a better way to optimize your exchange.
AT Attila Globetrotter ·
the rate at the ATM is even more disgusting.

Well, no, it’s actually the best.

Just don’t accept the conversion.

(I know I won’t convince the exchange-rate junkies, but it’s 99% true. Downside: countries where black-market exchange exists with rates way better than the official rate, like Venezuela or Argentina before.)
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DI Did0764 Regular ·
True, especially since 2025, it seems there’s a monopoly with only one exchange bureau in many airports—I think it’s ebixcash. They give you about 20% less than the exchange rate you’d find online...
PA Pagaljavab Globetrotter ·
Not in my experience, but maybe I missed something:

In short, zero commission + best exchange rate is:

- a bank card with 0% foreign transaction fees (Fortunéo, etc. - Some traditional banks now offer a few fee-free withdrawals)

- choosing "local currency"

At the ATMs in Mumbai Airport, I had a card that was supposedly fee-free abroad, yet I still got hit with significant fees. I did exchange to rupees, though.

- a fee-free ATM

More and more ATMs are charging transaction fees. In that case, you need to check which local network has the lowest fees while offering the highest withdrawal limit.

We checked all the ATMs in the terminal where we were in Mumbai—they were all from the same bank. So no choice... I don’t know what it’s like in Delhi.
AT Attila Globetrotter ·
I’ve never had any issues with my withdrawals.

I don’t know what happened in your case.

Which card? Which Indian bank?
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PA Pagaljavab Globetrotter ·
It was a Boursobank card, and honestly, I didn’t remember the name of the ATM bank. I just recall that it had a monopoly throughout the terminal and the rate was really bad after checking. That said, I withdrew the minimum amount and later got a much better rate from a merchant in Jaisalmer, almost at the day’s rate.
AT Attila Globetrotter ·
That mandatory exchange rate is weird. I’ve never encountered one.

Too bad you didn’t note the name of the bank.
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PA Pagaljavab Globetrotter ·
I found out by searching—it’s IDFC First Bank.
AT Attila Globetrotter ·
It’s not on the list in the link I shared above.

Ever since local banks started charging ATM withdrawal fees, I do some research before traveling to find out which banks don’t charge fees, and I check on Google Maps where their ATMs are located. If I can’t find one, I go with the bank that allows the largest withdrawal since the fees are fixed.

I’m wondering if French banks charge fees for foreigners?

In Spain, they do. Even for EU citizens.
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PA Pagaljavab Globetrotter ·
Yeah, that’s exactly what I did. When I saw that this bank wasn’t on the list and that it was going to charge exorbitant fees, I walked all over the transit area where I was. Except there were only ATMs from that bank. So since we needed money to eat and take a rickshaw in Ahmedabad, we didn’t have any other choice but to withdraw 10,000 rupees to minimize the fees.

So, it’s not the most advantageous solution in every situation. In cases like this where there’s a monopoly and a single bank charges high fees and you need some cash right away, you don’t have any other choice but to take a bit of a hit.
AT Attila Globetrotter ·
Having to pay between 2 and 5 euros doesn’t break the bank for a trip.

Even in countries where every ATM charges fees, the most I’ve ever paid is 15 euros.

On a 4000 euro budget, that’s peanuts.

Way riskier to walk around with euros or get ripped off by currency exchangers, in my opinion.

(When I check Google Maps, I see other banks not too far outside.)

(Seems like we’ve had this conversation somewhere else on this forum before… 😉)
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