Money and Banks

Indian Money

India's currency is the Rupee, abbreviated as Rs. One Rupee is equal to hundred paise. Notes are in denominations of 1, 2, 5, 10, 20, 50, 100 and 500. Coins start at 10, 20, (not used so much these days) 25, 50, paise and 1, 2, and 5 rupees.

Notes can get disfigured, so do not accept torn or disfigured notes.

In case you do get torn notes you can change them at the Reserve Bank of India or large branches of other big banks.

Traveller's cheques and credit cards

It is advisable to carry a mixture of cash and traveller's cheques to guard against any situation. US dollars are the easiest currency to change with pounds sterling coming a close second. Other hard currencies such as Yen, French Francs, Canadian Dollars, Deutsche Mark can also be changed in tourist areas and big cities. A currency declaration form has to be filled out by the tourists if they enter the country with US$10,000 or its equivalent in any other currency.

Tourists can get a relatively better exchange rate for traveller's cheques and they are safer to carry though not as liquid as cash. American Express, Visa or Thomas Cook Traveller Cheques are readily accepted.

A growing number of hotels, restaurants and shops are beginning to accept credit cards, the well known and more accepted ones being American Express, Access or Mastercards, Diners Club and Visa.

   All Season Tours © 2008

 Contact Us | Advertising | Terms Of Use |