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Currency, Exchange, Credit Cards, ATMs in India

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The official currency of India is Rupee (code INR; symbol Rs), divided into 100 paise. Available notes come in denominations of Rs 1,000, Rs 500, Rs 100, Rs 50, Rs 20 and Rs 10. Coins are in denominations of Rs 10, Rs 5, Rs 2, Rs 1, and 50, 25, 20, 10 and 5 paise.

Note that both import and export of local currency is prohibited. The import of foreign currency is unlimited; the export of foreign currency is allowed up to the amount imported and declared.

Foreign Currency Exchange

Foreign currency can be changed at banks or authorised money changers. US dollars, pounds sterling and euros are the easiest currencies to exchange. Money exchange offices usually accept wider range of foreign currencies than banks. Some banks may only exchange traveler's checks.

When exchanging money travelers should pay attention to the quality of bills they are receiving. Some shops may refuse to accept damaged notes.

Note that it is illegal to exchange money through unauthorised money changers.

It is not allowed to export Indian currency and it would be difficult to exchange it outside India, so travelers are advised to either spend all rupees before they leave India or exchange the leftover money at the airport. Note that some banks have a limit of minimum Rs 1,000 that they are willing to exchange.


Automated Teller Machines (ATMs) are widely available in Indian cities and larger towns. Most of them work on international networks, such as Cirrus and Plus, and accept foreign credit cards for cash advances and debit cards for cash withdrawals. Best ATMs that accept international cards belong to Citibank, HDFC, ICICI, UTI, HSBC, the Punjab National Bank and the State Bank of India. Most ATMs have a withdrawal limit of 10,000 rupees per transaction.

Credit Cards

Credit cards are becoming more and more popular in India, but travelers should not rely on using them for purchases at any smaller businesses. The acceptance of cards is mostly limited to larger hotels, upmarket restaurants, larger shops or store chains. Travelers can also use credit cards to pay for flights and train tickets. Most common credit cards are Visa, and MasterCard, followed by American Express and Diners Club.

Traveler's Checks

Traveler's checks are widely acceptable and can be exchanged at banks or larger hotels. Preferred are checks in US dollars and pounds sterling. Charges for cashing checks vary and some banks may not accept all brands of checks; the most widely accepted are checks from Amex and Thomas Cook.

Banking Hours

Banks are typically open from 10:00am to 2:00pm, Monday to Friday, and 10:00am to 12:00pm on Saturdays.

Current Indian Rupee Rates

For other currencies or conversion amounts go to Currency Converter

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