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  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C (1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
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Buy, Sell or Transfer Russian currency (RUB) in India at the best exchange rates

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Russian Currency (RUB) to INR Indian Rupee (INR)

Importance of the RUB
RUB, or Russian Ruble has emerged as one of the strongest currencies across the globe. However, the stability of the currency was hampered by its geopolitical actions and sanctions that were imposed on the Russian region when its value dropped by nearly 25% but that ain't the case anymore. Several factors like the rise in the value of oil prices, reduction in Russian imports, and control over its credits have helped the currency make a comeback. Foreign investors have also grown higher interest in the currency and currently, the Russian Ruble is of high value in the global markets.

Introduction to the Russian Ruble
The Russian Ruble is the official currency of the Russian Federation and is issued and controlled by the region's central bank. Its origin goes back to 1704 under the ruler ship of Peter and so, it is also the second oldest currency of the world, after the British Pound that is still in circulation. Afterwards, the silver Ruble was notified to be used as the official exchange unit for the region to be used for payment, trade, and more. Until 1991, the currency's design remained the same, however, it witnessed modifications in 1991. In 1993, when all other Soviet currencies were dissolved, new notes were issued by the Central authorities. Currently, the value of the Ruble is pegged to gold. 1 RUB is equal to 100 Kopeks. The currency notes denominations are 5, 10, 50, 100, 500, 1000, and 5000 and coin denominations are 1, 5, 10, and 50 kopeks and 1, 2, 5, and 10 roubles.

Factors that affect the exchange of the RUB to INR
The exchange rate of RUB-INR keeps on fluctuating a bit since both currencies are not pegged to each other. The current exchange rate of RUB-INR is INR 1.02 per RUB. On the other hand, INR-RUB rates are 0.97 RUB per INR. So, how are these rates determined? There are several factors that impact the rates. Since India imports oil from Russia, international oil prices affect the exchange rates of RUB-INR. Apart from this, the global commodity prices, inflation rates of both countries and economic advancements also affect the exchange rates. The prices of all those products that are traded between India and Russia affect the exchange rate to a great extent.

Convert RUB to INR Online as per Today’s Conversion Rate
Conversion of one currency to another is done on the basis of the current exchange rate. As of RUB-INR, the current exchange rate is INR 1.02 per RUB. This means, in exchange for 1 Russian Ruble, you will receive 1.02 Indian National Rupee. Let's check an example:

Omar is a doctor who works in a hospital in Russia. He transfers money to his siblings in India every month. Today is the date when Omar is planning to transfer money. So, as of today's exchange rate, if Omar transfers 20,000 RUB to India, his family will receive INR 21,000.

Convert RUB to INR
When you start planning for RUB-INR conversion or vice-versa, you must begin with calculating the final result before the actual conversion. It helps you in taking an informed decision. In order to do so, you may take the help of the currency converter which is built especially for currency conversion calculation. This online calculator takes your currency input and calculates the result based on the current exchange rate. So, for RUB-INR, certain calculations will be:

1 RUB= INR 1.02
100 RUB= INR 102
1,000 RUB= INR 1,020, and
INR 1= 0.98 RUB
INR 100= 98 RUB
INR 1,000= 980 RUB.

How are RUB-INR Rates Determined?
Who is responsible for determining the forex rates of RUB-INR? This is one of the most obvious questions that may pop into your mind. Owing to the changes in the global market prices and India-Russia relations, the exchange rates also change. The determinants of the exchange rate of RUB-INR are the central banks of both countries. The Central Bank of the Russian Federation and the Reserve Bank of India are the two monetary authorities involved that fixing the exchange rate of RUB-INR. Both of these banks are also entitled with maintaining the currency flow and its administration in the country.

RUB and INR Overview
Friendship relations between India and Russia are not a hidden fact. For decades, both countries have maintained a very healthy and peaceful relationship under the Friendship Treaty. Both countries also share bilateral trade relations that are quite beneficial for both RUB and the INR. India imports oil from Russia while exporting medicines, cars, tea, food products, etc. The symbol for INR is ₹ and that for RUB is ₽. Recently, India also underwent demonetisation of INR to uplift its value and also curb currency counterfeiting. It is only expected for RUB-INR relations to grow in the future. Monetary transactions and travel and tours between India and Russia are also quite common. So, if you wish to convert currency, you may use the currency converter to calculate the amounts.

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Frequently asked questions INR to GBP

How much is 1rs in GBP?
As per the latest update, the exchange rate of 1 INR to GBP (British Pound) with Thomas Cook was approximately around 0.0094 GBP. However, exchange rates fluctuate frequently, so we recommend checking our website or visiting your nearest store for most up-to-date rate.
Can I convert INR to GBP online, and is it safe and reliable?
Yes, you can convert INR to GBP online through Thomas Cook's official website. We prioritize the safety and reliability of our online currency conversion services to provide a secure and seamless experience for our customers. However, always exercise caution, use trusted payment methods, and verify all details before proceeding with the transaction.
Can I use the Prepaid Forex Card in India?
Being a Multi-Currency Card, it cannot be used domestically and can only be used when abroad. Countries, where you cannot u are India, Nepal, and Bhutan as per RBI guidelines.
I’m back from my trip. Can I encash the amount remaining in my forex card?
Yes. You may encash the card once you are back in India. However, it is important to note that the minimum period before encashing the amount is 10 days from your last transaction undertaken on the card. If you wish to refund the spare amount on your card, then you may visit the nearest Thomas Cook branch or any branch for that matter. It is regardless of where the card was issued. You will be required to fill up a refund form, submit a copy of your passport along with the form and claim your refund after checking the live exchange rate.
How do I send money abroad?
You may visit the nearest Thomas Cook branch or have us call you back. Our experts will guide you with the best mediums to send money abroad without any hassle or inconvenience. They will ensure that you experience a seamless transactional process. Whether it is to do with the necessary documentation or understanding the mediums to transfer money abroad, they will facilitate you with the most convenient and reliable assistance.
Does Thomas Cook facilitate an online portal to buy forex?
Thomas Cook is a leading name when it comes to Foreign Exchange services, thereby respecting your forex requisition for an international trip. Our 24x7 online tool is available for users who wish to buy, sell, or remit forex. All you need to do is fill up a simple form and submit the relevant details. Once the formality is done, the respective mode of forex will be handed over to you after verification and receipt of payment.

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