Where can I exchange coins for cash in India?

The RBI Offices, where Issue Department is functioning, offer the facility to members of the public to exchange their notes including soiled and mutilated notes and coins including uncurrent or worn out coins. The Bank is committed to provide exchange facility free of cost at its counters during business hours.

Can you exchange coins for cash at a bank in India?

(i) Offices of the Reserve Bank are located at selected centers. The Bank has, therefore, made arrangement for provision of the facility of exchange of soiled notes, exchange of notes to coins and coins to notes at the branches of scheduled commercial banks.

Can I exchange coins for cash at bank?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. … Check your bank’s policy. Some credit unions and community banks still have coin-counting machines.

THIS IS EXCITING:  You asked: Who was the first Indian to visit USA?

Where can I exchange coins for cash without fee?

Some banks will take customer coins and turn them into cash without charging.

  • Bank of America. Bank of America does not charge a fee for customers to cash in their own coins. …
  • Wells Fargo. …
  • US Bank. …
  • Walmart. …
  • ShopRite. …
  • CVS. …
  • Target.

Can I exchange coins for notes at a bank?

You can obtain plastic money bags from any bank. You put the coins in the bag and then the cashier will weigh them. If they are correct weight you can then receive the value in notes.

Does RBI accept coins?

(d) None of the bank branches should refuse to accept small denomination notes and / or coins tendered at their counters. All coins in the denomination of 50 paise, ₹1, ₹2, ₹5, ₹10 and ₹20 of various sizes, theme and design issued from time to time by the Government of India continue to be legal tender.

Where can I change my coins for cash for free in India?

The RBI Offices, where Issue Department is functioning, offer the facility to members of the public to exchange their notes including soiled and mutilated notes and coins including uncurrent or worn out coins. The Bank is committed to provide exchange facility free of cost at its counters during business hours.

What banks are taking coins?

Currently there are a few banks that we know of that will take your coins:

  • Citibank (requires coin rolls and some fees may vary)
  • Community Savings Banks (requirements vary)
  • US Bank (no rolls but current customers only)
  • Bank of America (requires coin rolls)
  • First County Bank.
  • Western Credit Union.
  • Peoples United.
THIS IS EXCITING:  You asked: How can I get a girlfriend in school in India?

Can you deposit coins into an ATM?

Some ATMs that take deposits have a compartment for accepting coins. This compartment is in a separate box located one step to the left of the box containing the display screen and touchpad. A panel separates the two. The coin compartment is at the base of the box and is tilted upwards at a 45-degree angle.

What banks count coins for free?

What Banks Have Free Coin Counting Machines

Bank Customers Non-customers
People’s United Bank Free 8% fee (to increase to 11%)
American Eagle Federal Credit Union Free Free
Westerra Credit Union Free
Chase No Counters

How do banks check rolled coins?

When depositing or changing, the bags are weighed at the bank to check they contain the right amount. The contents of the clear bag are easy for the bank teller to check.

How do I exchange foreign coins?

Your bank or credit union is almost always the best place to exchange currency.

  1. Before your trip, exchange money at your bank or credit union.
  2. Once you’re abroad, use your financial institution’s ATMs, if possible.
  3. After you’re home, see if your bank or credit union will buy back the foreign currency.

What can I do with my coins?

Take your coins to the bank. Roll the coins yourself. Use a coin change service.

Use a Coin Counting Machine

  • Get cash (8-10% fee)
  • Exchange coins for an eGift Card (no fee)
  • Consider giving back by making a donation to your favorite charity (no fee)

Can you take bags of coins to the bank?

In the US, every bank does accept coins in bags, but some of them may ask you to roll them in coin rolls for easier counting. If you don’t have coin rolls, there would be a delay on your credit as the bank may have to send the coins to a counting machine for which they may charge you.

THIS IS EXCITING:  Best answer: Is Netflix made in India?