Although Indian currency is valid in Nepal (at an official exchange rate of 1.60 Nepalese rupees to 1 Indian rupee), the Rs. 500 and Rs. 1000 currency notes are not acceptable. Carrying 500 and 1000 Indian rupee notes is a punishable offence in Nepal.
Can we use Indian currency in Nepal?
Hey Umang, Indian currency is widely accepted in Nepal, but make sure you carry notes of Rs. 100 and less. There’s no limit of how much you can carry, and you can use Indian banks and ATMs in Nepal to withdraw money.
Does Nepal Bank accept Indian currency?
Indian currency, although not legal tender, is widely circulated and accepted in Nepal.
Where can I exchange Indian rupees in Nepal?
Places for exchanging Foreign Currency
Well-known banks in the city include Everest Bank, Standard Chartered Bank Nepal, Himalayan Bank, Nepal SBI Bank, and many others. Most banks are open between 10:00 AM to 5:00 PM from Sunday to Thursday, from 10:00 AM to 2:00 PM on Fridays and closed on Saturdays.
Is Nepal cheaper than India?
Nepal is 11% more expensive than India.
How long Indian can stay in Nepal?
As an Indian visiting the country, you can stay in Nepal indefinitely for any length of time. Even though you do not require Nepal visa for Indians, you should keep it in mind to register yourself with the Indian Embassy in Kathmandu after 6 months of stay.
How much is a house in Nepal?
The average cost of building a 30X30 standard 2 floored house is Rs. 55,00,000/-. The average cost of building a premium one floor house in Nepal is Rs. 40,00,000/-.
Can I use Indian Rupee in Bhutan?
You must carry a Government ID proof, preferably Passport or a Voter’s ID to enter Bhutan. As Indian travellers you can use Indian rupees in Bhutan except for the new 2000 rupee note which is not accepted, so get change!
Does Nepal accept old Indian rupees?
The Indian government on November 8, 2016 announced the ban on old 500 and 1,000 rupee notes to curb black money in the system. … Demonetisation caught Bhutan and Nepal off guard where Indian currency is widely used.
How much cash can I carry from India to Nepal?
Reserve Bank of India has allowed travelers from India and Nepal or Bhutan to carry currency notes of Rs 500 and Rs 1000. Earlier, travelers were allowed to carry currency notes of only up to Rs 100. However, the maximum limit that an individual can carry is Rs 25,000.
What is the price of petrol in Nepal?
In Indian territories, the price of petrol is ₹ 97.29 paise and diesel ₹ 90.30 paise per litre, while in Nepal petrol is available for ₹78 (125 Nepali currency) and diesel ₹66 per litre.