Where do we get the best value for converting Saudi Riyals into Indian Rupees?

Question

Can we deposit them as such in our Savings Deposit

or can we buy any stocks, securities or other bank investments-for the same value of Saudi Riyals?

I was on a visit visa to Saudi for 4 months.

Answer 1

Either or all of those options are good, but I would suggest investing them on stocks, MF, bonds, rather than just letting them sit in ur savings account. Make a few more trips to Saudi man, and u'll be a rich guy!

Answer 2

to give u the right adress we have to knwo which city u are in.

anyway, money changer ( other than banks ) will always give u a better rate than banks.

Answer 3

Saudi Riyal or any currency of other country can only be converted to Indian Rupee in any Bank authorised by R.B.I to deal in money exchange i;e. State Bank and Axis Bank .  The same is subject to proof by the holder that he obtained the currency legally. Hence, you would have to show your Pass Port while exchanging your Riyals in the Bank.

Answer 4

lol idont know just the word * Riyal * attracted me it is my national currency ...