Money Matters In India
Official currency of India : Indian currency is known as rupee. Indian money (rupee) comes in the form of Re 1, Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1000. One rupee consists of a 100 paise. Paise are in denominations of 10p, 25p and 50p. Now a day these paise are rarely used. Coins are available for Re1, Rs 2 and Rs 5.
Exchanging Money in India:
1. It is advisable for you that change a substantial amount at one time because changing money in India can be a tedious and cumbersome process.
2. Travelers’ cheques are not accepted at each and every bank. It is even difficult to change currency other than dollars or pound sterling.
3. For exchanging money you always approach a certified and recognized bureau. Exchanging any place else is not only illegal, you also run the risk of getting fake currency.
4. You can get your currency exchanged at the airport itself also. Moneychangers at airports are open 24 hours.
5. Save all exchange receipts (encashment certificates) as it may be required if you want to apply for visa extensions, or while going back.
During your traveling, you should be sure that you are carrying your money safely.
-> Do not carry all your money at once when traveling. Sort out some amount for daily expense and keep the rest in your hotel room secure in your suitcase.
-> Buy pouches that can be fastened with an attached belt to your waist and can also be worn under clothing. This is the most popular and safest way to carry……………