Money & duty free for India

Exchange rates:

Rupee
C$1 = Rs44.42
€1 = Rs78.06
£1 = Rs99.13
US$1 = Rs60.84

Currency & Money

Currency information

Rupee (INR; symbol Rs) = 100 paise. Notes are in denominations of Rs1,000, 500, 100, 50, 20 and 10. Coins are in denominations of Rs5, 2 and 1, and 50, 25, 20, 10 and 5 paise.

Note:
The import and export of local currency is prohibited. Sometimes smaller vendors will not take bills larger than Rs 500. It is best to carry a range of rupee notes if you are shopping at bazaars and local markets.

Credit cards

In major cities, the full cadre of banks cards are generally accepted including debit cards, American Express, Diners Club, MasterCard and Visa. However, in smaller towns and villages, choice is generally narrowed to cash or MasterCard and Visa.

ATM

24 hour ATM machines can be found in all the major cities and most large towns. Visa, MasterCard, Cirrus, Maestro and Plus are amongst the most commonly accepted cards.

Travellers cheques

These are widely accepted and may be changed at banks and larger hotels. The most widely accepted currencies include US Dollars and Pounds Sterling. Some banks may refuse to change certain brands of traveller's cheques whilst others may exchange quite happily.

Banking hours

Mon-Fri 1030-1530; Sat 1030-1300.

Currency restriction

The import and export of local currency is prohibited. The import of foreign currency is unlimited. However, amounts exceeding US$5,000 or equivalent in cash, or US$10,000 or equivalent in all forms of currency must be declared. The export of foreign currency is allowed up to the amount imported and declared.

Currency exchange

Currency can be changed at banks, airports or authorised money changers. Many hotels also have facilities to change money but this is a more expensive option. It is illegal to exchange money through unauthorised money changers. US Dollars and Pounds Sterling are the easiest currencies to exchange.

India duty free

The following items may be imported into India by non-resident travellers over 18 without incurring customs duty:

• 200 cigarettes or 50 cigars or 250g of tobacco.
• 2L of spirits or wine.
• Goods for personal use (only one laptop allowed per traveller).
• Gifts and souvenirs to the value of Rs8,000.
• Reasonable quantities of medicines.

Import by non-residents is only permitted if the national has entered India for a stay of not less than 24 hours and not more than six months, provided they visit not more than once a month.

Banned imports

Prohibited items include narcotics, pornography, counterfeit and pirated goods, and antiquities.

Restricted items include firearms and ammunition, live birds and animals, endangered species, gold and silver (other than ornaments), and Indian currency. Indian residents only may import up to Rs7,500.

Banned exports

Prohibited items include narcotics, pornography, counterfeit and pirated goods, and antiquities.

Restricted items include firearms and ammunition, live birds and animals, endangered species, and Indian currency. Indian residents only may export up to Rs7,500.

Newsletter