Convert EGP to INR

Egypt has been re-emerging as a favourite tourist destination of Indians travelling abroad due to the restoration of normality post the Egyptian crisis period (2011-2014). Egyptian Pound is the official currency of Egypt which you can now buy/sell or convert EGP to INR (Egyptian Pound to Indian Rupee) online at BookMyForex.com

Egyptian Pound is abbreviated as EGP in the foreign currency market in India. Though you can buy EGP or convert EGP to INR from multiple places in India which include your nearby bank or local money changers who provide foreign exchange at a fixed rate for the day in the name of “Today’s Egyptian Pound Rate”. Further, it would involve making multiple visits to the branch and going through a tiresome process.

Rather than visiting multiple bank branches to get the best rates of Egyptian Pound, you can place your order online with BookMyForex and get EGP delivered directly to your home and that too at the best rates!

BookMyForex vs Other Money Changers: From Where Should You Convert EGP to INR?

 

Parameter	BookMyForex	Banks/Money Changers
Exchange Rate	At Live Rates (Dynamic)	At Fixed Rates
Exchange Rate Margin	Low	High
Online Order Facility	Yes	No
Doorstep Delivery	Yes	No
Rate Alert Feature	Yes	No
Branch Visit	No	Required

How to Buy/Sell Egyptian Pound or Convert INR to EGP at BookMyForex.com?

You can follow simple steps mentioned below to convert INR to EGP at BookMyForex:

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

Step 2: Select the currency INR to EGP and enter the amount that you want to exchange.

Step 3: Upload your KYC documents online which include your Passport, Visa, Air Ticket and PAN card details and select the payment mode. In case of home delivery of Egyptian Pound, you can also opt for Pay on Delivery option.

Step 4: Select for the home delivery option and get your Egyptian Pound (EGP) directly to your home. Else you can also collect your foreign exchange from our store nearby you.

Benefits of Buying/Selling Egyptian Pound (EGP) with BookMyForex:

Why BookMyForex Provides Better Rates than Other Money Changers for Egyptian Pound?

• Unlike other money changers which provide currency exchange facilities at fixed rates, BookMyForex is a digitally enabled marketplace which allows customers to book their currency orders at live rates online with the comfort of their homes. 
  
  As you must be knowing, the currency exchange market is highly volatile in nature and fixing the currency conversion rates for the day would require keeping higher margins against volatility. Since banks or local money changers provide you with foreign exchange at a fixed rate for the day, they charge higher margins and higher currency conversion charges. 

• Being a digitally enabled marketplace, BookMyForex not only saves various kind of fixed costs but also compares best EGP to INR rates in your neighbourhood across multiple money changers and provides you with the Egyptian Pound (EGP) currency at the best rates. 
  
  Since you can place your order for EGP to INR conversion at live rates with BookMyForex, it saves you a lot of costs. Most of the foreign currency-related products on BookMyForex are provided at the exact interbank rates.

Q1. What are the documents required to buy/sell Egyptian Pound in India?

Ans. As per the guidelines released by the Reserve Bank of India, the following documents are required to buy/sell Egyptian Pound or convert EGP to INR in India:

1. Passport
2. Visa
3. Air Ticket
4. PAN Card

Note: BookMyForex provides you with the facility to upload these documents online with the comfort of your home.

Q2. How much Indian Rupees that I can convert into Egyptian Pound in a year?

Ans. As per the Liberalized Remittance Scheme (LRS) of the RBI, resident individuals are allowed to remit the US $ 2.5 lakh or its equivalent in a financial year. However, this is the cumulative limit of foreign exchange conversion in a financial year. Suppose you have already transferred US $ 1 lakh as remittance to some foreign country in the current financial year, then you are eligible to convert US $ 1.5 lakh in the year which is the residual amount of LRS limit.

Q3. Are there any service charges on an order placed at BookMyForex? 

Ans. In most of the cities, the service charges levied by BookMyForex are as follows:

Transaction Value	Service Charge  (Flat)
Rs. 1 to Rs. 25,000	Rs. 200
Rs. 25,000 to Rs. 1,00,000	Rs.150
More than Rs. 1,00,000	No Service Charge