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For
travellers
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. 9Although denominations less than Rs. 10 are rare.)
Coins start at 10, 20, (not used so much these days) 25, 50, paise Coins
are also available for 1, 2, and 5 rupees.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 branches of other banks.
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. It is advisable to change ample amounts of money at
one time and keep the encashment certificates.
Banking hours in India are from 10 a.m.-2 p.m. (Mon-Fri) and from 10 a.m.-12
noon on Saturdays.Banks at the Delhi, Calcutta, Mumbai, and Chennai airports
are open 24 hours a day. You can also wire money into India. These services
are offered by foreign banks with branches in India and also with Indian
banks with branches abroad . |