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Last updated : Nov 2009
India Currency
India Currency and Bank information - TravelPuppy.com
Rupee (Rs) = 100 paise.

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 paise.

Note

1 and 2 Rupee notes and 5 paise coins might still be in circulation but are no longer produced.

Currency exchange

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 to exchange.

Credit & debit cards

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

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.

Exchange rate indicators

The below figures are a guide to the movements of the Rupee against Sterling and the US Dollar:
Date Oct '07
£1.00=
81.00
$1.00=
39.53
Currency restrictions

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.

Banking hours

Banks in India are open: Monday-Friday 10.00 am - 2.00 pm, Saturday 10.00 am - 12.00 pm.
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