| The Indian currency is the Rupee
(Rs.). The Rupee is divided into 100 Paise (ps.). Currency
notes are printed in denominations of Rs.
1000, 500, 100, 50, 20, 10.
Old notes of denominations of Rs. 5, 2 and 1 are still in circulation.
The coins are minted in the denominations of 25 and 50 paise,
rupees 1, 2, 5 and 10. Coins below 25 paise (20, 10, 5, 2 and
1) are rarely used.
Always check notes carefully and avoid accepting mutilated notes.
Double check the denomination printed when accepting notes of
Rs. 500 and Rs. 100 as they are slightly similar and hence easy
to confuse.
You are not allowed to take Indian currency outside India nor
purchase the Rupee overseas. On arrival into India, make sure
to change some money into the local currency at the airport,
this can be easily done at the State Bank of India. The best
rates, typically, are offered at various branches of State Bank
of India (in major towns of India). Exchange services are also
offered in the major resort areas and the private money changers.
ATMs that accept Master Card and Visa, and banks that give cash
advances on credit cards are also available. Travellers cheques
of all major brands (American Express and Cox & Kings being
most common) can be changed. US dollars and Pound Sterling are
the best international currency to bring in. Travellers cheques
are generally safer than large amounts of cash. Emeregency international
transfers via Cox & Kings Money gram are aslo available
at a high fee.
You will need to show your passport for exchanging travellers
cheques. Always retain the encashment certificates given free
for each transaction as you will need to re-exchange rupees
to your own curreny while leaving, or if you intend to stay
in India longer than 180 days.
Below are the specimen of Indian
Rupees :
How to plan your tours:
Explore India, we offer tours packages and holidays guide to
all tourist destinations of India. For more tour options mail
us at info@easytravelindia.com
|