How to Calculate Nepal Currency in India: If you’re planning a trip from Nepal to India or need to exchange Nepalese Rupees (NPR) into Indian Rupees (INR), understanding the conversion process is essential. Nepal and India share a unique currency exchange relationship, and the Nepalese Rupee is pegged to the Indian Rupee at a fixed rate. However, there are some variations depending on where and how you exchange your money. In this guide, we’ll explain how to calculate Nepal currency in India, the latest exchange rates, and the best ways to convert your money hassle-free.
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How to Calculate Nepal Currency in India:
How to Calculate Nepal Currency in India: The Nepalese Rupee (NPR) is pegged to the Indian Rupee (INR) at a fixed rate set by Nepal Rastra Bank, the central bank of Nepal. The official exchange rate is 1 INR = 1.60 NPR, which means 100 Indian Rupees will be equal to 160 Nepalese Rupees. This fixed rate ensures stability in currency conversion, making it easier for people traveling between the two countries. However, when converting currency in local markets, banks, or money exchange counters, slight variations in exchange rates due to transaction fees or commission charges may apply.
How to Calculate Nepalese Rupees to Indian Rupees
How to Calculate Nepal Currency in India: To convert Nepalese Rupees into Indian Rupees, you simply divide the amount by 1.60. The formula is:
Indian Rupees (INR) = Nepalese Rupees (NPR) ÷ 1.60
For example:
- If you have 1,600 NPR, the calculation will be: 1,600 ÷ 1.60 = 1,000 INR
- If you have 3,200 NPR, the calculation will be: 3,200 ÷ 1.60 = 2,000 INR
Similarly, if you want to convert Indian Rupees into Nepalese Rupees, multiply the amount by 1.60:
Nepalese Rupees (NPR) = Indian Rupees (INR) × 1.60
For example:
- If you have 1,000 INR, the calculation will be: 1,000 × 1.60 = 1,600 NPR
- If you have 5,000 INR, the calculation will be: 5,000 × 1.60 = 8,000 NPR
This simple calculation method allows you to quickly convert Nepalese currency into Indian Rupees or vice versa.
Where to Exchange Nepalese Rupees in India?
How to Calculate Nepal Currency in India: When exchanging Nepalese Rupees for Indian Rupees in India, you have several options:
- Banks: Most major banks in Nepal and India offer currency exchange services. In Nepal, Nepal Rastra Bank and commercial banks like Nabil Bank, Everest Bank, and Nepal SBI Bank provide INR exchange at the official rate. In India, you can visit banks like State Bank of India (SBI) or Punjab National Bank (PNB) to exchange NPR for INR.
- Authorized Money Exchange Centers: Licensed currency exchange offices in cities like Delhi, Mumbai, and Kolkata allow conversion of NPR to INR. They may charge a small commission, so it’s best to compare rates before exchanging.
- Airports: Major airports like Indira Gandhi International Airport (Delhi) and Tribhuvan International Airport (Kathmandu) have foreign exchange counters where you can exchange Nepalese Rupees, but rates may not be as favorable due to higher service fees.
- ATMs and Banks: Some ATMs in India accept Nepalese bank cards, allowing direct withdrawal in Indian Rupees. However, international transaction fees may apply.
- Local Traders and Business Owners: In border towns like Raxaul, Jogbani, and Sunauli, many traders accept Nepalese Rupees at the standard exchange rate. However, it’s always good to confirm the rate before making a transaction.
Things to Remember While Exchanging Nepalese Rupees in India
- High Denomination Notes Are Restricted: In India, ₹500 and ₹1,000 Indian Rupee notes were demonetized in 2016, affecting old currency exchanges. Nepalese travelers should carry Indian currency in smaller denominations (₹100 or lower) for easier transactions.
- Use Official Exchange Counters: Avoid street money exchangers as they may offer unfair rates or counterfeit currency. Always use authorized exchange centers, banks, or ATMs.
- Keep Transaction Receipts: If you exchange money at a bank or exchange counter, keep the receipt for future reference. This is useful for tracking expenses and reconverting unused Indian Rupees back to Nepalese Rupees upon return.
- Exchange Rates May Fluctuate: Although the official exchange rate is fixed, some money exchange services may apply slight variations. Always check rates from multiple sources before exchanging.
FAQs About Nepalese Rupees in India
1. Can I use Nepalese Rupees in India?
No, Nepalese Rupees are not officially accepted for transactions in India. You must exchange them for Indian Rupees before making any purchases.
2. Can I withdraw Indian Rupees from ATMs in India using a Nepali bank card?
Yes, but only if your Nepali bank has international withdrawal facilities enabled. Transaction fees may apply.
3. What is the best way to exchange Nepalese Rupees in India?
The best way is to use authorized exchange counters or withdraw directly from an ATM to get a fair rate.
4. Can I exchange Indian Rupees back to Nepalese Rupees after my trip?
Yes, you can exchange unused INR back to NPR at Nepalese banks or exchange counters upon your return.
5. Is there a limit to how much Indian Rupees I can carry from Nepal?
As per Nepal Rastra Bank regulations, Nepali citizens can carry up to INR 25,000 while traveling to India.
Final Thoughts
How to Calculate Nepal Currency in India: Calculating Nepalese currency in India is simple once you understand the fixed exchange rate. Using the formula NPR ÷ 1.60 = INR, you can easily convert your money before traveling or exchanging it at banks and authorized centers. Whether you’re a tourist, student, or business traveler, planning your currency exchange in advance ensures you get the best rates without unnecessary fees. Always choose reliable sources for currency exchange, keep receipts, and follow legal limits on carrying cash across borders. By following these steps, you can manage your money efficiently and avoid any hassles while traveling between Nepal and India.