If I change currency to Rupees in own country, is that acceptable???

Nick-H · Nov 2nd, 2008, 00:22

It is illegal for those who are not resident in India to bring Indian currency in ore out of the country.

p3rdes1 · Nov 2nd, 2008, 01:06

I think you are supposed to declare any foreign currency above the equivalent of 10,000 $us. Maybe this figure has been altered now.

As far as i am aware any exchange rates offered outside of India, certainly in the UK, are what is known as 'black money', these rates are usually offered, a few rps above the going rate, by well to do NRI's or Indians who have surplus rps but require foreign currency.

camelgirl · Nov 2nd, 2008, 01:07

It only takes a couple of minutes to change money at the airport. Most everyone does it & if you are with a tour, your group will also have to do it. It won't be a problem. Most of us arrive in the middle of the night & there are always a few banks open waiting for you!

GoanCanuck · Nov 2nd, 2008, 01:07

Quote:

Originally Posted by Haylo

Correct, I was unable to find a bank or other exchange organisation in the UK who could change sterling for rupees even at a poor exchange rate. This is probably because it is not legal for non Indians to bring Rupees in or out of India.

If you live somewhere where there are banking services regularly used by Indians, they may be able to offer you some.

You should have gone to one of the Indian money changers in London or Birmingham. Wherever there is a large Indian immigrant community there is never any problem in getting rupees.

camelgirl · Nov 2nd, 2008, 01:12

Why do something illegal when there is absolutely no reason or advantage?

It's just not a big deal to change money at the airport!! You won't be too tired to do that...you've still got to get yourself out of the airplane, get your luggage, go through immigration & by then you'll be wide awake and ready for the bank

p3rdes1 · Nov 2nd, 2008, 01:23

Quote:

Originally Posted by camelgirl

Why do something illegal when there is absolutely no reason or advantage?

D

There is an advantage, but its minimal and therefore not worth the risk.

Haylo · Nov 2nd, 2008, 14:11

Quote:

Originally Posted by GoanCanuck

You should have gone to one of the Indian money changers in London or Birmingham. Wherever there is a large Indian immigrant community there is never any problem in getting rupees.

Yes I could have done, but it's hardly worth a special trip into Birmingham just for that.

Because of the currency restrictions, virtually all non Indian residents have to change money as soon as they arrive, for example to pay for a taxi from the airport, so international airports are are well set up to offer this service and there is no problem whatsoever in getting rupees on arrival.

To be honest, I was mainly curious to see what the money looked like.

Nov 2nd, 2008, 00:22	#16
Nick-H This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India Posts: 35,901	It is illegal for those who are not resident in India to bring Indian currency in ore out of the country. __________________ ... Can't connect to local MySQL server through socket '/var/lib/mysql/mysql.sock' (2)

Nov 2nd, 2008, 01:07	#18
camelgirl 10 year Visa okee dokee Join Date: May 2005 Location: Swannanoa NC usa Posts: 1,974	It only takes a couple of minutes to change money at the airport. Most everyone does it & if you are with a tour, your group will also have to do it. It won't be a problem. Most of us arrive in the middle of the night & there are always a few banks open waiting for you! __________________ My selected India photos http://www.indiamike.com/photopost/s...r/7030/cat/500

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Nov 2nd, 2008, 01:06	#17
p3rdes1 Member Join Date: Jun 2006 Location: UK Posts: 80	I think you are supposed to declare any foreign currency above the equivalent of 10,000 $us. Maybe this figure has been altered now. As far as i am aware any exchange rates offered outside of India, certainly in the UK, are what is known as 'black money', these rates are usually offered, a few rps above the going rate, by well to do NRI's or Indians who have surplus rps but require foreign currency.

Nov 2nd, 2008, 01:12	#20
camelgirl 10 year Visa okee dokee Join Date: May 2005 Location: Swannanoa NC usa Posts: 1,974	Why do something illegal when there is absolutely no reason or advantage? It's just not a big deal to change money at the airport!! You won't be too tired to do that...you've still got to get yourself out of the airplane, get your luggage, go through immigration & by then you'll be wide awake and ready for the bank