This is the rate that will apply when you sell Saudi Riyal currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below
Conversion is calculated using the highest SAR-INR Selling rate across India. To see the most accurate rate select the city in the drop down above
This is the rate that will apply when you buy Saudi Riyal currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below
Conversion is calculated using the highest SAR-INR Buying rate across India. To see the most accurate rate select the city in the drop down above
|Saudi Riyal (SAR)||Indian Rupee (INR)|
|500 SAR to INR||9851.35|
|1000 SAR to INR||19702.7|
|1500 SAR to INR||29554.05|
|2000 SAR to INR||39405.4|
|3000 SAR to INR||59108.1|
|5000 SAR to INR||98513.5|
|10,000 SAR to INR||197027|
|50,000 SAR to INR||985135|
|100,000 SAR to INR||1970270|
|1 Million SAR to INR||19702700|
Saudi Riyal is the official currency of Saudi Arabia abbreviated as SAR in the international currency exchange market. The Saudi Riyal is regulated by the Saudi Arabian Monetary Authority (SAMA). The Saudi Riyal is made up of 100 halalah or 20 ghirsh and is often represented by the symbol SR.
As is the case with most of the oil-exporting nations from the middle-east region, the Saudi Arabian currency exchange system functions on a fixed rate exchange system. The Saudi Riyal is pegged to the US Dollar at about 3.75 SR.
Saudi Arabia is a major destination for Indians looking for job opportunities in Gulf countries. Did you know that Indians in Saudi Arabia are the largest community of expatriates in Saudi Arabia?
As per the estimates, about 41 lakh Indians are living in Saudi Arabia latest by 2017. Saudi Riyal is the official currency of Saudi Arabia which is abbreviated as SAR in the currency exchange markets.
If you are planning to visit Saudi Arabia in the near future, you would require to purchase Saudi Riyal or convert INR to SAR. Else, if you have just returned from Saudi Arabia, you may require to sell Saudi Riyals or convert SAR to INR in the Indian currency exchange markets.
Though you can buy or sell Saudi Riyals or convert SAR to INR from multiple places in India which include your nearby bank or some local money changers which provide foreign exchange at a fixed rate for the day in the name of “Today’s Saudi Riyal Rate”. However, that would involve making multiple visits to the branch in-person and going through a tiresome process.
Rather than visiting multiple bank branches to get the best Saudi Riyal rates, you can place your order online with BookMyForex and get your SAR delivered directly to your home and that too at the best rates!
BookMyForex provides guaranteed best rates in the market and also allows you to convert Saudi Riyal to Indian Rupee (SAR to INR) online from the comfort of your home and get it delivered directly to the doorstep.
Isn’t that amazing? Find out how!
You can buy/sell Saudi Riyals or convert SAR to INR online at the best Saudi Riyal rates in your city with a trusted online currency exchange marketplace such as BookMyForex.
You can follow the simple steps mentioned below to convert SAR to INR in India:
Step 1: Go to BookMyForex.com or simply call at 9212219191
Step 2: Select the currency (SAR to INR) and enter the amount that you want to exchange
Step 3: Upload KYC documents mandated by the RBI which includes your 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!
Wire transfer is the most popular way of transferring money online from India to Saudi Arabia or to any other country. Wire transfer is also known as online money transfer or by the name of Telegraphic Transfer (TT).
A wire transfer is nothing but a direct bank to bank transfer where the money is transferred from an Indian bank account to the beneficiary’s bank account abroad. The greatest advantage of sending money abroad via BookMyForex is the most competitive exchange rates in the market.
BookMyForex via its exclusively privileged tie-ups with various banks provides its customer with the best exchange rate on money transfer to Saudi Arabia. You can book your TT order online at bookmyforex.com and simply walk into the nearest participating bank branch to process your order.
If you are not sure about the rates quoted by bookmyforex are the best or not, then you can simply exercise ‘Freeze Rates’ option where you can lock-in the current exchange rates at BookMyForex and then check out for better rates. You can book a no-obligation order for absolutely no cost. You wouldn't have to pay a paisa until you decide to actually complete your order.
With BookMyForex.com you don't have to pay any hidden fees or charges to convert Saudi Riyal to Rupee or vice versa. Convert Saudi Riyals to INR or any other foreign currency back into Indian rupees at exact interbank rates - that's the same rates that you see on search engines, forex sites and business news channels.
Q1. is SAR a fiat currency?
Ans. A fiat currency is a legal tender whose value is backed by the government of the respective nation. As the value of Saudi Riyal (SAR) is backed by the government of Saudi Arabia, the issuing authority of Saudi Arabia, SAR is a fiat currency.
Q2. How strong is SAR as compared to INR?
Ans. Saudi Arabia operates on a fixed currency exchange system, because of that the USD to SAR exchange rate is fixed at 3.75. It means that for every US dollar, you would get 3.75 Saudi Riyals, irrespective of any internal or external factors. Since the Indian currency operates on a flexible exchange rate system, the SAR to INR exchange rates would ultimately depend on USD to INR rates.
Q3. Is it safe to use a forex card in Saudi Arabia?
Ans. It is always safe to use a forex card compared to carrying currency in cash. You can safely swipe your forex card in Saudi Arabia at merchant sites and also can withdraw Saudi Riyals in cash from the local ATMs. You can purchase ICICI bank forex card from BookMyForex and load Saudi Riyals on it.
Q4. Why should I convert INR to SAR in India only?
Ans. Let's see what happens if you do not convert INR to SAR in India while travelling to Saudi Arabia:
Scenario 1. You convert it at the Indian Airport:
Airport currency exchange system is the most expensive one among all the currency exchange options available to you. You would need to shell out anywhere between 4 to 7% more if you choose to convert your currency at the airport.
Scenario 2. You carry INR and exchange it in Saudi Arabia:
This would not be a prudent choice as RBI guidelines on foreign exchange restricts the traveller to carry Indian Rupees only up to Rs. 25,000. So you would not be able to have adequate Saudi Riyals in your pocket.
Scenario 3. You withdraw cash from a local ATM in Saudi Arabia using your debit/credit card:
This would again be an expensive choice. Since, your debit card is loaded with Indian Rupees only, withdrawing SAR in Saudi Arabia would require your bank to convert INR to SAR every time you make a transaction using your debit/credit card. In this case, hefty currency conversion charges would be levied on your account. Apart from that, you would also be levied ATM withdrawal charges. You would also be exposed to adverse currency exchange rate movements.
From the scenarios mentioned above, It is very much clear that converting Indian Rupee to Saudi Riyal in India only is the best possible way to buy Saudi Riyals.
|SAR Interbank Rate||19.7027|
|SAR Forex Card Buy Rate||19.8727|
|SAR Currency Buy Rate||19.8406|
|SAR TC Buy Rate||N/A|
|SAR Forex Card Sell Rate||19.3454|
|SAR Currency Sell Rate||19.3921|
|SAR TC Sell Rate||N/A|
|SAR DD Remit Rate||20.0303|
|SAR TT Remit Rate||20.0303|
Saudi Riyal currency denominations are 1, 5, 10, 50, 20, 100, 200 and 500. BookMyForex.com's Saudi Arabia Riyal to Indian Rupee rates are live to the last second and extremely competitive(up to 5% better than the bank rates). And BookMyForex.com, for the first time, gives you the option to Freeze the Rates you see on the site at which you can convert SAR to INR online or convert INR to SAR and get your Saudi Arabia Riyal or Indian Rupees at the exact rates shown. We also offer a No Obligation order wherein you can convert Saudi Riyal to INR and complete the booking without paying anything online. If you choose to complete your order, you would still be able to convert Saudi Arabia Riyal to Indian Rupees at amazing BookMyForex.com rates.
If you are travelling to Saudi Arabia, then BookMyForex.com provides you with a complete range of Saudi Arabia Riyal products when you exchange SAR to INR. Our travel related products to convert Riyal to Indian Rupee include Saudi Arabia Riyal Cash Currency, Saudi Arabia Riyal Traveller's Cheques, and Saudi Arabia Riyal Prepaid Forex Cards. Prepaid forex cards are safer to carry and offer several additional benefits. We also provide SAR money transfer and remittance services using either SAR demand drafts (DD) or SAR bank wire transfers (TT) that are sent directly from an Indian bank to a bank in Saudi Arabia.
With BookMyForex.com you don't have to pay any hidden fees or charges to convert Saudi Riyal to Rupee or vice versa. Convert Saudi Riyals to INR or any other foreign currency back into Indian rupees at exact interbank rates - that's the same rates that you see on search engines like Google, forex sites like XE.com and business news channels like CNBC and Bloomberg.
Now convert SAR to INR or convert INR to SAR by clicking on the button above. Our simple booking process will guide you through your order in a few simple steps