The units of Indian currency are the Rupee and Paisa (100 Paisa equal 1 Rupee). Paper money is in denominations of Rupees 1, 2, 5, 10, 20, 50, 100, 500 and 1000. Coins are in denominations of Rupees 1, 2 and 5. There are no restrictions on the amount of foreign currency or travelers’ cheques a tourist may import, provided a Declaration form is completed on arrival. This will facilitate the exchange of imported currency as well as the export of unspent currency on departure. Cash, bank notes and traveler’s cheques up to US $ 10,000 or equivalent need not be declared at the time of entry. Any money in the form of traveler’s cheques, drafts, bills, cheques, etc., which tourists wish to convert into Indian currency should be exchanged only through authorized money- changers. Tourists are warned that changing money through unauthorized persons is not only illegal but also involves the risk of receiving counterfeit currency. To exchange foreign money other than through banks or authorized money- changers is an offence. Please note that no Indian currency whatsoever can be imported or exported, except for Rupee travelers’ checks. Banks abroad to keep Rupee balances with their agents in India and are able to draw upon these balances to issue Rupee travelers’ cheques to intending tourists. There are 24- hour exchange facilities available at Delhi, Mumbai, Kolkatta and Chennai international airports.
  

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