| India
Currency |
 |
|
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. |
| Useful travel links |
| AMEX
Travellers Cheques |
information
about American Express |
| IndiaInfoline |
information about stocks, business, equity |
| Oanda
International |
currency and foreign exchange services |
| Travellers
Cheques Visa |
Online foreign exchange and currency convert |
| Universal
Currency Converter |
online foreign exchange and currency |
| VISA
ATM Locator |
location of ATMs that accepts VISA cards |
|
