The
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.