Exchanging foreign currency in Chennai

My experience with banks, regarding online foreign currency transfer, is that they take away about 1 or even 2 Rs/ Euro as part of their commission. And worst part is that you don't have any control or predictability over this.

Compared to that my experience with face-to-face money exchange with authorized dealers has been very good. My only experience is with Camera City in Chennai, and they give very good rate.

My experience is that they give

    -10 Paise/ Euro compared to rates available on XE.com, when you take INR in cash;
    +10 Paise/Euro compared to the XE.com rate when you take INR via cheque

You go there with your foreign currency, and your passport. And they give you INR along with receipt.

                          54, Cathedral Road, (Opp Hotel Chola), 
                          Chennai, 
                          Tamil Nadu-600 086 
                          India.

                         +(91)-(44) - 28110467 / 28110468 / 329 51 309 / 329 52 309

                         +(91)-9840425733

                         http://www.cameraciti.com/contact-us.aspx

Of course, if you must exchange money Online, I put my experience in the other post