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Currency in kerala

Currency in Kerala is Indian Rupee.The issuance of the currency is controlled by the Reserve Bank of India It is available in denominations of Re.1, Rs.2, Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000. A rupee is further divided into 100 paise. Paise are available in the denominations of 10p, 25p and 50p but At present they are not in use.The rate fluctuates quite wildly over a period of time and so we cannot predict the likely exchange rate on arrival. The currency against the UK Pound has varied between 60-80 Rupees to the pound.Credit and debit cards are widely accepted in Kerala both for hotel payments and in shops.Commercial banks in Kerala and families of the state’s 25 lakh- strong diaspora-based in the Gulf and US – are enjoying the windfall caused by the unabated free fall of the rupee’s value against the dollar.

Banks in Kerala are overflowing with remittances from expat clients. Total NRI deposits with banks rose from Rs.31,585 crore in 2008 to Rs.41,719 crore in 2011 and are likely to touch Rs.50,000 crore in 2012. Kerala has been through a period of strong growth with one of the highest per-capita income and poverty levels are extremely low compared to elsewhere in India.Agriculture is highly focused on cash-crop cultivation such as rubber, tea, coffee, spices and coconut plantations.Tourism is now a booming industry in Kerala, and accounts for a significant part of the state’s economy. Money changing is done at various banks and other organizations in Kerala.

Currency Exchange Rates Calculator which gives up to date Foreign Exchange (FOREX) rates of world’s all major currencies. Today’s exchange rates and currency conversion rates will help you determine the value of your money in case of currency exchange.Free currency exchange rates calculator to convert the value of any amount from one currency of another. The fake currency has been printed and sourced from Bangladesh.

Following are the organizations and Banks for money changing in Kerala

  • Andhra Bank
  • Bank of Baroda
  • Canara Bank
  • Central Bank of India
  • Federal Bank
  • State Bank of Travancore
  • UCO Bank
  • British Bank
  • ICICI Bank
  • Central Bank
  • HDFC Bank
  • Thomas Cook, Airport
  • Elite Tours & Travels
  • Great Indian Travel Service
  • Visit India, Travel Bureau
  • Western Travels
  • Shivas Indian Holidays Tours & Travels

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