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Read about Indian money and money exchangers in India and also know about Indian currency.

Indian Money

Indian MoneyThe currency in India is known as Rupee. Indian money comes in the denominations of Re.1, Rs.2, Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000. coins of Re.1, Rs.2 and Rs.5 are also easily available as loose change. One rupee is further divided into 100 paise. Now a days, paises are hardly used though they are available in the denominations of 10p, 25p and 50p. Money exchange in India is a cumbersome job so it is advisable that you approach a known name and convert a substantial amount of money.

Money Exchange in India
  • Travelers' cheques are not accepted at every bank. Approach a well-known bank.
  • Dollar and Pounds are much easily accepted than other currencies.
  • Always approach a certified and recognized bureau for exchanging money. Exchanging any place else is not only illegal, you also run the risk of getting fake currency.
  • It is better if you fill a declaration form as soon as you enter the country so as to avoid any kind of confusion later.
  • Save all exchange receipts (encashment certificates) as it may be required if you want to apply for visa extensions, or while going back.
  • You can get money exchange services at airports and they are open round the clock.
  • Some five stars hotels also have this facility. If not, there are lots of recognized international money exchange centers in big cities.

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