Live UAE Dirham (AED) Exchange Rate Today in chennai

Getting the best available AED Rate Today in Chennai with BookMyForex

Dubai is one of the favourite travel destinations of Indians for business, education and leisure purposes. As per a report, over 2 million Indians visited Dubai in 2018. The official currency of Dubai or the United Arab Emirates is the UAE Dirham. In case you have planned to visit Dubai and looking out to buy UAE Dirham in Chennai, BookMyForex can be your go-to place to buy/sell Dubai currency at the best UAE Dirham rate in Chennai.

Why BookMyForex is the best place to buy/sell UAE Dirham in Chennai?

Though, you can buy Dirham from many places in Chennai which include a nearby bank, local money changers or at the Chennai airport itself. However, that would involve making multiple visits, taking exchange rate quotes from various places and comparing the same.

Also Read: How to convert UAE Dhiram to INR in India?

While BookMyForex, being a digital marketplace for currency exchange services, does the same for you digitally. BookMyForex takes quotes from 100s of currency exchangers located near to you and quotes you the best rate available in the Chennai market. This facility would not only save you cost but also labour in terms of providing you with Dubai currency at the best rates and that too online!

BookMyForex and Other Money Changers: Who Provides best UAE Dirham Rate in Chennai?

How to buy/sell Dubai currency or convert dirham to INR at BookMyForex?

Follow the simple steps mentioned below to convert Dirham to INR in India:

Step 1: Go to BookMyForex.com or simply call at +91-9212219191

Step 2: Select the currency (INR to AED) and enter the amount that you want to exchange

Step 3: Upload KYC documents mandated by the RBI which includes Passport, Visa, Air Ticket and PAN card details

Step 4: Opt for doorstep delivery or collect your currency from our nearby store on successful payment. That simple!

Benefits of Purchasing Dubai Currency Dhiram from BookMyForex:

• Lowest Exchange Rate: BookMyForex guarantees for providing the most competitive exchange rates in the market. Unlike other money changers which incur various fixed costs with the physical setup, BookMyForex saves that being a digitally-enabled marketplace and passes the benefit to its customers.

• Book Your Order at Live Rates: Banks and other money changers provide UAE Dhiram at a fixed rate for the day in the name of “Today’s UAE Dhiram Rate”. Since we all know that the currency exchange market is highly volatile in nature, fixing the rate for the whole day forces banks to keep high margins as a buffer against the volatility.

  However, at  BookMyForex, you can place your order to buy/sell Dubai currency or convert Dhiram to INR at live rates which allows us to process your order at the rates very close to the interbank rate.

• Rate Freeze Feature: In case you have placed your order for the foreign exchange at BookMyForex and not sure if the booked rates are best or not. You can hold the rates for 3 working days (T+2 days) by just paying 2% of the transaction amount as a refundable advance. You have the choice to continue with your order till the end of 3 days or cancel the order by just paying the 2% fee. 

Q1. How long does it take to provide doorstep delivery with BookMyForex?

Ans. Orders received prior to 1 PM are delivered on the same business day. Any order received after 1 PM may still be delivered on the same business day but in the worst case, BookMyForex guarantees delivery on the next business day.

 Q2. What is the foreign exchange entitlement limit for business travel?

Ans. As per the Liberalized Remittance Scheme (LRS), a person is entitled to foreign exchange upto 2.5 lakh US dollar or equivalent in a financial year irrespective of the number of visits and the period of stay. Within the US $ 2.5 lakh limit, up to 3,000 US dollars or equivalent per visit are allowed to be carried in the form of currency notes(cash).  

Q3.Where to Get Best UAE Dhiram Rates in Chennai?

Ans. BookMyForex offers best Dhiram rate in Chennai and across all its major neighbourhoods including Chennai Airport, Egmore,Pallavaram, Tambaram, Nungambakkam, T Nagar, Velachery, Old Mahabalipuram Road(OMR), Adyar, & Anna Nagar

Q4. Why "Today's UAE Dirham rate in Chennai" has become a misnomer?

Ans. While most of the banks and other local money changers provide Dubai currency at "Today's Dirham Rate in Chennai" which is fixed for the entire day. As you must know the currency exchange market is highly volatile in nature, fixing the currency exchange rate for the entire day forces the banks to keep a thick layer of margin over the interbank rate to tread against any adverse volatility during the day.

The practice of fixing the exchange rate for the day by keeping higher-margin ultimately results into higher cost to the customer. That is why the concept of "Today's UAE Dirham rate in Chennai" is a misnomer and it is always better to transact in foreign exchange at the live rates as provided by BookMyForex.