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Currency
Rupee (INR; symbol Rs) = 100 paise. Notes are in denominations of Rs1,000, 500, 100, 50, 20 and 10. Coins are in denominations of Rs5, 2 and 1, and 50, 25, 20, 10 and 5 paise.
Note: The import and export of local currency is prohibited. Sometimes smaller vendors will not take bills larger than Rs 500. It is best to carry a range of rupee notes if you are shopping at bazaars and local markets. Currency Exchange
Currency can be changed at banks, airports or authorised money changers. Many hotels also have facilities to change money but this is a more expensive option. It is illegal to exchange money through unauthorised money changers. US Dollars and Pounds Sterling are the easiest currencies to exchange.
Credit/Debit Cards and ATMs
In major cities, the full cadre of banks cards are generally accepted including debit cards, American Express, Diners Club, MasterCard and Visa. However, in smaller towns and villages, choice is generally narrowed to cash or MasterCard and Visa.
Traveller's Cheques
These are widely accepted and may be changed at banks and larger hotels. The most widely accepted currencies include US Dollars and Pounds Sterling. Some banks may refuse to change certain brands of traveller's cheques whilst others may exchange quite happily.
Currency Restrictions
The import and export of local currency is prohibited. The import of foreign currency is unlimited. However, amounts exceeding US$5,000 or equivalent in cash, or US$10,000 or equivalent in all forms of currency must be declared. The export of foreign currency is allowed up to the amount imported and declared.
Banking Hours
Mon-Fri 1030-1530; Sat 1030-1300.
Exchange Rate Indicators
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