Do banks charge a fee to exchange currency?

Many banks offer currency exchange to their customers. Though there may be a small fee, your bank or credit union will almost always be the best place to exchange currency (and the cheapest). … Exchange rates are poor, and fees are high.

How much does it cost to exchange currency?

Slab for Service Tax on FX Conversion:
Amount Of Currency Exchanged (ACE) GST rates Minimum GST
Upto Rs. 1 lakh 0.18% of ACE Rs. 45
Between Rs. 1 lakh and up to Rs. 10 lakh INR 180 + 0.09% of ACE Rs. 180
Above Rs. 10 lakh INR 990 + 0.018% of ACE Rs. 990

Can I exchange currency at a bank?

Most major banks will exchange your U.S. dollars for a foreign currency if you have a checking or savings account with the institution. In some cases, a bank will exchange currency if you have a credit card with the bank.