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INDIACURRENCY

Currency: Rupee (INR) = 100 paise. Notes are in denominations of INR1000, 500, 100, 50, 20, 10, and 5. Coins are in denominations of INR 5, 2 and 1, and 50, 25, and 10 paise.

Currency exchange: Currency can be changed at banks, airports or authorized money changers. It is illegal to exchange money through unauthorized money changers. US Dollars and Pounds Sterling are the easiest currencies to exchange.

Credit & debit cards: American Express, Diners Club, MasterCard and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Traveler’s cheques: These are widely accepted and may be changed at banks. To avoid additional exchange rate charges, travelers are advised to take traveler’s cheques in US Dollars or Pounds Sterling. Some banks may refuse to change certain brands of traveler’s cheques which others exchange quite happily.

Currency restrictions: Import of local currency is prohibited. Export of local currency is also prohibited, except for passengers proceeding to Nepal (excluding notes of denominations of Rs100 or higher), Bangladesh, Pakistan or Sri Lanka (up to Rs20 per person). Foreign currency may be exported up to the amount imported and declared. All foreign currency must be declared on arrival if value is over US$5000, and when exchanged the currency declaration form should be endorsed, or a certificate issued. The form and certificates must be produced on departure to enable reconversion into foreign currency. Changing money with unauthorized money changers is not, therefore, advisable.

Banking hours: Mon-Fri 1000-1400, Sat 1000-1200.

Exchange rate indicators