Money

 

  • The local currency is the rupee (INR), which is divided into 100 paise.
  • Notes are available in denominations of INR1.00, 2.00, 5.00, 10.00, 20.00, 50.00, 100.00 and 500.00. Coins come in 5, 10, 20, 25 and 50 paise, and INR1.00, 2.00 and 5.00 (although the latter is very rare).
  • Be careful not to accept torn notes from anyone as no-one else will accept them, making them quite useless. Change is often in short supply, so try not to carry large denominations.
  • Visitors are not allowed to bring Indian currency into India or take it out of the country. However, you may bring an unlimited amount of foreign currency or traveler's cheques with you. Note that any amount exceeding USD2,500.00 must be declared on arrival in India. Most foreign currencies and traveler's cheques can be changed in the big cities.
  • If you've been in India for more than 180 days, you must obtain a tax clearance certificate before leaving the country.
  • These are available at the foreigners' section of any income tax department in larger cities. You'll need to produce bank receipts ('encashment certificates') to show that you have changed money legally.
  • An easy currency­converter is available online.
    You can check the value of your money right away.
  • All popular credit cards are easily accepted in most metropolitans of India.

 

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