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MONEY MATTERS
The units of Indian currency are the rupee and the paisa (100 paise is equal to one rupee). Paper money comes in denominations of
1, 2, 5, 10, 20, 50, 100, and 500 rupees. Coins are in denominations of
25, and 50 paise, one rupee, two rupees, and five rupees.
Changing Money
Importing and exporting the currency is strictly against the rules. International airports have currency-exchange booths that are
always open for arriving or departing overseas flights.A good idea would be to change certain amount of money in small denominations.
Always change money from an authorized money-changer and donot forget to take the encashment slip. Some banks now charge a
nominal fee for this slip, which is necessary for paying hotel bills or travel expenses in rupees. The encashment slip is also
required when reconverting rupees into another currency.
Most hotels have foreign-exchange facilities for their guests and will cash traveller's cheques
American Express
Wenger House, A-Block, Connaught Place
Tel. : 11/332-4149, 11/332-4119
Thomas Cook
Hotel Imperial, Janpath
Tel. : 11/332-7135, 11/335-0562
International Trade Tower
717-718 Nehru Place, 7th Floor
Tel. : 11/642-3035
The above will cash their own traveller's cheques.
The Central Bank of India
Ashok Hotel, Chanakyapuri
Tel. : 11/601848 is open 24 hours daily, except on national holidays.
Traveller's cheques can also be encashed at
ANZ Grindlays
15 Kasturba Gandhi Marg
Tel. : 11/332-1370
Bank of America
15 Hansaslaya,4 Barakhamba Road
Tel. : 11/372-2332
Citibank
Jeewan Bharati Bldg., Connaught Place
Tel. : 11/371-4211
Credit cards are widely accepted in Indian cities and larger towns, particularly
American Express, Diners Club, MasterCard and Visa. Credit cards can also be
used to get cash advances in rupees. The Bank of Baroda is the best place for such transactions.
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