Welcome |
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Currency Exchange |
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Currency exchange in India is a very tedious process so
the currency should be exchanged in small amount at a time. Changing money
at unauthorised offices is illegal. Currency exchange
facilities are available at the airports and hotels at any
time. Various branches have been set up by the
international foreign exchange providers in the big
metropolitan cities. The tourists must save up all the
exchange receipts (encashment certificates) as these are
required for visa extensions and other formalities, and as
well as at the time of conversion of money. |
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Currency in India |
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The main currency of
India is Rupees. One Rupees
is equal to 100 Paise. Various Rupees Notes in denominations of
1000, 500, 100, 50, 20, 10, 5, 2 and 1 are available.
Various coins in denominations of 5, 2 and 1, 0.50 and
0.25 are also available. |
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Credit
& Debit cards |
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Master Card, American Express, Diners Club and Visa
Card are widely accepted in India. Some of the hotels,
banks, restaurants and as well some of the shops widely
accept some of these credit and debit cards. |
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Travellers
cheques |
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Travellers cheques are widely accepted and can also be changed at
some of the banks. To avoid additional
exchange rate charges, tourists are advised to take travellers
cheques in US Dollars or Pounds Sterling. Some banks don't accept
certain brands of travellers cheques other than dollars or
pound sterling while others exchange quite happily. |
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Currency restrictions |
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Import and Export of local currency is prohibited. But,
while travelling to Nepal, Bangladesh, Pakistan or Sri Lanka
the export of local currency is not prohibited.
Foreign currency can be exported up to the amount declared. All the 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 must be issued. The form and
certificates must be produced on departure to enable reconversion
into foreign currency. |
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Banks
in India |
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Banking in India has become quite easy now. More private banks are coming up
and they have increased their services and performances
which in
turn has increased the turnover and performance of various
business institutions. The banks have widely contributed
towards the development of India. Now in every state of
India the National Banks, private computerised banks have
been opened up with various modern facilities like the
debit card facility, ATM (Any Time Money) facility,
Internet Banking facility and Money Changing facility etc.
These ATM's are open 24 hours so any time you can withdraw
money. However in the small town banks such type of
facilities are not available. |
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Banking hours |
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Some of the banks provide 24 hours services in India but, however
the working hours of the banks are:
From
Monday to Friday 1000-1800 hrs.
On Saturday 1000-1400 hrs. |
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Chatting
