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Forex Facilities For Private Travel ?

You can avail of foreign exchange up to US$ 10,000 in any calendar year for tourism or private travel to any country other than Nepal and Bhutan on the basis of self-certification.

Forex Facilities For Visit to Nepal and Bhutan ?

You can carry any amount of Indian currency while traveling to these countries, but you are not permitted to take Indian currency notes of denomination of Rs.500 and above or buy any foreign exchange for a visit to these countries.

Forex Facilities For Study Abroad ?

You can buy foreign exchange up to US$ 30,000 or up to the estimate from the institution abroad, whichever is higher, per academic year on the basis of simple documentary evidence indicating the requirement.

Forex Facilities For Medical Treatment ?

You can buy foreign exchange on the basis of self-certification, up to US$ 50,000 to meet the expenses for medical treatment outside India. Banks are also permitted to release exchange required in excess of US$ 50,000, on the basis of estimates from a doctor or hospital in India or overseas.

You can also buy foreign exchange for up to US$ 25,000 per person for meeting the boarding/lodging/travel expenses of the patient and also the accompanying attendant on self-certification.


Forex Facilities For Employment Abroad ?

You can buy foreign exchange for up to US$ 5,000 on the production of a letter of employment.


How to Exchange Currency ?

Currency can be converted using an online currency exchange or manually. To use either method, you must first look up the exchange rate using an online exchange rate calculator or by contacting your bank. The rates calculated by your bank may differ from those you see online as banks make small profits on exchanges while the rates online are the same as those quoted between banks.

The best platform for this is https://www.xe.com/


Important Points About Currency Exchange

It's also important to note that the exchange rate you get when trading one currency for another is likely to differ from the rate you get when actually converting from one currency to another at a local bank. Traders can access the tight Bidask spreads published by banks, but visitors from other countries who require local currency pay slightly higher rates for the same currency. For example, a EUR/USD (Euro versus the Dollar) may appear as 1.5560 - 1.5563, which means banks are selling to each other at 1.5563, but are buying from each other at 1.5560. The spread of three pips (points) is the profit banks realize for facilitating this transaction.



Forex Facilities For Emigration ?

You can buy foreign exchange for up to US$ 5,000, or the amount prescribed by the country of emigration on the basis of an emigration visa.

Forex Facilities For International Credit Cards ?

You can use your International Credit Cards/ ATM Cards/Debit Cards -

while on holidays outside India to meet your expenses.

when outside India for purchase of an item of import.

when in India, for making payment in foreign exchange for the purchase of books and other items through the Internet.

The use of ICCs by residents while on visit abroad has been made free from all restrictions, without any item-wise limit within the overall ceiling of the credit card itself. The ICCs cannot be used for the purchase of prohibited items e.g. lottery tickets, banned or proscribed magazines, participation in sweepstakes, payment of call-back services, etc.


Forex Facilities For Foreign Exchange to be purchased ?

from any bank which is authorized to deal in foreign exchange or full-fledged moneychangers. If the rupee equivalent exceeds Rs.50,000/-, the entire payment has to be made by way of a crossed cheque/banker's cheque/pay order/demand draft only.

60 days ahead of the journey date. In case it is not possible to use the foreign exchange within the period of 60 days, it should be surrendered to a bank/money changer.


Converter Currency Google ?

Here are simple steps to convert currencies and import current exchange rates directly into Google Sheets. If you frequently need to convert currencies, you're probably familiar with Google's quick tool in the search engine. You can type the currency conversion you want into the Google search bar. and immediately a box will appear with the conversion and the solution. However, conversions are difficult as they are constantly changing. Countries' currencies fluctuate with inflation, so the reading of this morning may not be the same. Tracking can be difficult if you do it manually.

Convert Currency in Google Sheets

It’s no surprise that Google has imported its helpful currency conversion function into Google Sheets. Now, you can use a formula to convert currency and find exchange rates with the most up-to-date information.



What is the Indian currency called and what is its symbol?

The Indian currency is called the Indian Rupee (INR). One Rupee consists of 100 Paise. The symbol of the Indian Rupee is ₹. The design resembles both the Devanagari letter "₹" (ra) and the Latin capital letter "R", with a double horizontal line at the top.


Which denomination banknotes are currently in circulation?

Banknotes in India are currently being issued in the denomination of ₹10, ₹20, ₹50, ₹100 ₹200, ₹500, and ₹2000. These notes are called banknotes as they are issued by the Reserve Bank of India. The printing of notes in the denominations of ₹2 and ₹5 has been discontinued and these denominations have been coinised as the cost of printing and servicing these banknotes was not commensurate with their life. However, such banknotes issued earlier can still be found in circulation and these banknotes continue to be legal tender. ₹1 notes are issued by the Government of India from time to time and such notes including those issued in the past also continue to be legal tender for transactions.


What was the highest denomination note ever printed?

The highest denomination note ever printed by the Reserve Bank of India was the ₹10000 note in 1938 which was demonetized in January 1946. The ₹10000 was again introduced in 1954. These notes were demonetized in 1978.


What was the highest denomination note ever printed?

The highest denomination note ever printed by the Reserve Bank of India was the ₹10000 note in 1938 which was demonetized in January 1946. The ₹10000 was again introduced in 1954. These notes were demonetized in 1978.


What is currency paper made up of?

The paper currently being used for printing of banknotes in India is made by using 100% cotton.


How many languages appear in the language panel of Indian banknotes?

Fifteen languages are appearing in the language panel of banknotes in addition to Hindi prominently displayed on the center of the note and English on the reverse of the banknote.


Is it possible to have two or more banknotes with the same serial number ?

Yes, it is possible to have two or more banknotes with the same serial number, but they would either have a different Inset Letter or year of printing or signature of a different Governor of RBI. An Inset Letter is an alphabet printed on the Number Panel of the banknote. There can be notes without any inset letter also.


Which denomination banknotes have been demonetized ?

₹500, ₹1000, and ₹10000 banknotes, which were then in circulation were demonetized in January 1946. The higher denomination banknotes in ₹1000, ₹5000, and ₹10000 were reintroduced in the year 1954, and these banknotes (₹1000, ₹5000, and ₹10000) were again demonetized in January 1978.


How to check whether a note is genuine or not ?

A forged note can be identified on the basis of the security features which are present in a genuine Indian currency note. These features are easily identifiable by seeing, touching and tilting the note.