The rupee (Rs.) is divided into 100 paise (p). There are coins of five, 10,20, 25 and 50 paise, and Rs 1, 2 and 5, and Rs. 10, 20, 50, 100 and 500 notes.
You are not allowed to bring Indian currency into or out of the country. You are allowed to bring in unlimited amounts of foreign currency or travellers cheques, but you are supposed to declare anything over US$ 10000 on arrival.


Travellers Cheque

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All major brands are accepted in India, with American Express and Thomas Cook being the most widely traded. Pounds sterling and US$ are the safest bet; Yen, DMark A$ can be changed in main cities, but not out of the way places. Not all places take all brands--which means it pays to carry more than one flavour. Charges for changing travellers cheque vary from place to place and bank to bank.

Credit Cards

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Credit cards are accepted in most major tourist centres, but don't expect to be able to use a card in budget hotels and restaurants. Master Card and Visa are the most widely accepted cards, and it might pay to bring both with you.

International Transfers

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It's best not to run out of money in India, but if you do, you can have money transferred in no time at all via the Thomas Cook's Moneygram service & Wester Union.

Money Changers

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 Moneychangers are everywhere and open all hours. Their main advantage is their convenience. Of course a caveat applies; always check the bank rates first, and check carefully the money you are given. Never accept very worn or dirty notes.

money changers in jaipur

Encashment Certificates

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All money is supposed to be changed at official banks or moneychangers, and you are supposed to be given an encashment certificate for each transaction.
The other reason for saving encashment certificates is that if you stay in India longer than four months, you have to get a clearance certificate and espacially if you want to re-exchange excess rupees to your currency.