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Currency Change

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Currency Change

India is like most other foreign destinations, where you bring in a major foreign currency and exchange into the local currency (Indian Rupees) to make purchases while you're here.

At RPS, you can avail a centralized helpdesk that is fully-functional for providing assistance or attending queries regarding currency exchange or any other travel/logistic related issues. Whether you need assistance in getting foreign currency exchanged, or need to find the closest dealer establishment, our service-in-charge is happy to help you.

In addition, below we have put a list of useful FAQ's related to money matters while travelling to India:


Where can I buy or sell foreign exchange?

Foreign exchange can be purchased from any authorised bank or dealer establishments such as:

  • Thomas cook
  • Western Union

Besides, Full-Fledged Money Changers (FFMCs) are also permitted to release exchange for business and private visits (The list of Authorized Dealers is available on www.rbi.org.in). However, RPS provides in-house facility to get foreign currency exchanged for you.

Where can I check for current exchange rates?

You can check with www.xe.com for the current exchange rates before approaching an exchange office or find help at our helpdesk.

Tell me about the Indian currency.

The Indian currency is called the Indian Rupee (INR) and the coins are called 'paise'. One Rupee consists of 100 paise. At present, banknotes in India are issued in the denomination of Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank).



Can foreign tourists/students open a bank account in India during their short visit?

Yes. Foreign tourists during their short visit to India can open a Non-Resident (Ordinary) Rupee (NRO) account (Current / Savings) with any Authorised Dealer bank dealing in foreign exchange. Such account can be opened up to a maximum period of 6 months.


What are the documents required for opening such accounts?

Passports and other valid identification proofs are required for opening the accounts. Authorised Dealer banks are also required to follow the Know Your Customer norms while opening of the accounts.


Can the NRO account be used for making local payments?

Yes. Non-residents can freely make local payments through the NRO account. All payments to residents exceeding INR 50,000 can be made only by means of cheques / pay orders / demand drafts.


For more information on currency related matters feel free to reach our helpdesk at info@rpssoft.com or +91-9901975716..