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Currency In India – Money used in India

The official currency of India is Rupee which is also known as Indian Rupee which has “₹” as its symbol. It is also recognised with signs like INR and Rs. Each rupee is divided into 100 paisa (1 Rs = 100 paisa).

Banknotes and coins

The most common and widely used Indian currency notes are Rs10, Rs20, Rs50, Rs100 and Rs500. The highest value currency note in India is Rs 2000 which is introduced by the Reserve Bank of India (RBI) in November 2016. These notes are usually used for high valued purchases.

The coins that are circulation in India are Rs 1, Rs2, Rs5 and Rs 10. The coins are usually called as “change” in India. For example when you buy a Rs 15 product and pay Rs 20, you get back 5 rupees change.

Here are some examples of Indian currency notes

Here are some examples of Indian money coins

How to pay in India ?

India is an advanced country in utilising several digital payment options apart from the physical currency. All the shops accept Indian notes and coins. Travellers can easily use their debit cards and credit cards for purchases in India. Most of the shops have the machines for these transactions but sellers prefer to use them for a minimum value transaction. For small purchases you can use digital wallets and online payment services like Google Pay, PayTM, Amazon Pay, Freecharge, PhonePe and many others. In small towns and villages in India you may not have access to these mode of payments.

Currency Exchange in India

The easiest way to exchange currency in India is at the airport. There are a few currency exchanges who can give you the best rate for reasonable fee. National banks and private banks also provide currency exchanges but you need to have an account in that bank. One can also exchange currency in India from the private forex services companies in like Thomascook, UAE Exchange and many travel agencies.

Withdraw money from ATM

In India you can find bank ATMs in the most of the places. An eligible International bank card holder can withdraw cash at the ATM without any hassle. There will be charges for foreign ATM cash withdrawals in India as per the bank norms and rates.

Bank Services In India

India has nationalised banks like State Bank Of India (SBI), Punjab National Bank (PNB) among many others. The private banks like ICICI bank and HDFC have their branches across India. For any international banking services they could help you. Just search for banks near me on Google and a list will show up.