| Rupee (Rs) =
Notes are in denominations of Rs1,000, 500, 100, 50, 20, 10 and
5. Coins are in denominations of Rs5, 2 and 1, and 50, 25, and 10
1 and 2 Rupee notes and 5 paise coins might still be in circulation
but are no longer produced.
Currency can be exchanged at airports, banks, or authorized money
changers. It is illegal to exchange money with unauthorized money
changers. Sterling Pounds and US Dollars are the easiest currencies
Credit & debit
American Express, Master Card,
Diners Club and Visa are accepted. Ask your credit or
debit card company for details of merchant acceptability and additional
services, which may be available.
Travellers cheques are widely accepted and may be cashed at banks.
It is best to take travellers cheques in US Dollars or Pounds Sterling
so travellers can avoid additional exchange rate charges. Some banks
may not cash certain brands of travellers cheques, which others
exchange quite happily.
The below figures are a guide to the movements of the Rupee against
Sterling and the US Dollar:
Both importation and exportation of local currency are prohibited.
The exception is passengers proceeding to Nepal (excluding notes
of denominations of Rs100 or higher), Bangladesh, Pakistan or Sri
Lanka (up to Rs20 per person). Foreign currency can be exported
up to the amount imported and declared. All foreign currency over
$US5,000, must be declared on arrival, and when exchanged, the currency
declaration form must be endorsed, or a certificate should be issued.
The form and certificates must be produced on departure to allow
for re-conversion into foreign currency. Changing money with unauthorized
money changers is, therefore not recommended.
Banks in India are open: Monday-Friday 10.00 am - 2.00 pm, Saturday
10.00 am - 12.00 pm.
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