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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.
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    (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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UAE Dirham (AED) - Currency of UAE

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Buy, Sell or Transfer UAE Dirham (AED) in India at the best exchange rates

About UAE Dirham (AED)

It’s been 45 years since the Dirham became UAE's currency of choice. Also known as the Emirati Dirham, it replaced the Qatar and Dubai Riyal in 1973. The UAE currency is further subdivided into smaller denominations of 100 fils. At present, there are 3 coins and 8 bank notes in circulation in the region. The Dh1000 note has the maximum security features.

Some facts that you ought to know about the dubai currency:

    1. The short name for Dubai currency is AED.
    2. The symbol for Dubai currency is DH, DHS.
    3. The most frequently used coins come in 25 fils, 50 fils and 1 Dirham.
    4. The most frequently used banknotes are 5 Dirhams, 10 Dirhams, 20 Dirhams, 50 Dirhams, 100 Dirhams, 200 Dirhams, 500 Dirhams, 1000 Dirhams.
    5. The Central Bank Of The United Arab Emirates is the chief bank of the UAE.

History of UAE Dirham

Until UAE Dirham was induced in UAE, Bahraini Dinar, Qatari, and Dubai Riyal had monetary supremacy in the UAE since 1966. On 19th May 1973, UAE Dirham was introduced in the country by the Central Board. By 1980, UAE also established its Central Bank under Law no. 10 of 1980. Prior to the Central Bank, the flow of money was regulated and managed by the Central Board established under Law No. 02 of 1973. The Central Bank issues both currency notes and coins. The denominations of UAE Dirham currency notes, CBUAE, are 5, 10, 20, 50, 100, 200, 500, and 1000. On the other side, the common denominations of coins are 5, 10, and 25 fils.

Dirham has occupied a valuable position in the currency and commercial markets. The word Dirham has been derived from the Greek word 'Drachmae', which means 'handful'. All the currency notes issued by the Central Bank have some sort of symbol on the obverse side of the notes. Some depict a golden falcon with a disc in the middle which is covered by seven stars and feathers in a circular design. The seven icons in the currency notes represent the seven Emirates of the UAE. The beautiful symbols of nationalism, especially on classic Dirham insignia, are definitely worth noticing carefully.

By 1978, Dirham was also pegged to the US Dollar by the IMF (International Monetary Fund), considering the volatility of the oil market of the UAE. Currently, 1 Dirham is equal to 0.27 US Dollars, which makes 1 US Dollars= 3.67 UAE Dirhams. Coins also play an interesting and essential role in the currency system of the UAE. The lower denominations of the UAE Dirham coins are bronze. The higher denominations, on the other hand, are made from cupro-nickel. It is not really common to spot the transactions of 1, 5, and 10 Dirham coins. Most of these transactions are rounded up to the multiple of 25 fils. The use of 1 fils is mostly not seen anymore.

To avoid any counterfeit currency issue, the Central Board added the Falcon trademark on each currency note of the UAE Dirham. Different coins and currency denominations depict several designs beautifully printed. Some of these give you a glimpse of the rich Arabic culture. Some have exemplary Arabic architectural designs, the Blue Souk of Sharjah, animal images, etc. To wind up, it can be stated that the UAE Dirham currency is a quick insight into the rich heritage of Arabia.

Factors affecting UAE Dirham currency

The United Arab Emirates Dirham has proved its strength over the past decades and has come up as one of the most stable and valuable currencies in the world. There are several factors that keep the exchange rate (the rate at which the Dirham or any other currency is exchanged with other currencies in the world) of the Dirham at a stable position, and any change in these may lead to a change in the currency's exchange rate. These include:

1. Economic activities and related changes:

Countries like UAE are in continuous trading relations with other countries in the world. The basis of the trade is the exchange of the currency as per the existing exchange rate. So, any change in the trade or economic activity inside UAE or the trading countries, rise in inflation or unemployment, the GDP value, etc., can affect the exchange rate of AED.

2. Rate of interest:

The Central Bank is responsible for setting the rate of interest of AED. If the interest rate is high, there will be a higher attraction of foreign investments. However, if the interest rate is low, foreign investment can gradually decline. This, in turn, can positively or negatively affect the exchange rate of AED.

3. The rule in the country:

Any investment or trading relation can only grow when the respective countries have political stability. In the lack of governance and uncertainty of the political scenario, the traders and investors may not want to invest due to the strong sense of trading insecurities. Hence, it is essential for UAE to maintain the stability of the government so the trade keeps blooming and the exchange rate of AED remains high.

4. A country based on oil trading:

One of the strongest reasons why the UAE is leading several sectors of the world is its oil industry. UAE is the hub of oil, and countries across the globe have joined hands with the UAE for the purpose of oil trading. So, increasing oil trading means benefits to AED and the country as a whole. On the other hand, a decline in oil prices can badly affect the value of AED as well as the economy of the country.

5. Foreign exchange reserves:

A country can only purchase or trade with another country when it has sufficient foreign exchange reserves. It also directly affects the value of the country's currency, like the AED. So, it is vital for the Central Bank to maintain a good flow of foreign exchange reserves.

6. Unforeseen and unfortunate events:

Any sort of crisis, conflict among people and nations, disaster, riot, war, etc., can heavily impact the overall performance of a country. Not only does it affects the present scenario, but it has a long-lasting effect. Such unfortunate incidents can also bring a change in the value of AED in the international economy.

Quick Facts About UAE Dirham (AED)

Currency Name United Arab Emirates Dirham
Short Name AED
Nicknames NA
Symbol (s) DH, Dhs
Unit 1/100, fils
Frequently Used Coins 25 fils, 50 fils, 1 dirham
Rarely Used Coins
Frequently Used Bank Notes 5 dirhams, 10 dirhams, 20 dirhams, 50 dirhams, 100 dirhams, 200 dirhams, 500 dirhams, 1000 dirhams
Rarely Used Bank Notes
Central Bank, Name & Website Central Bank of the United Arab Emirates | www.centralbank.ae
Nations that unofficially use the UAE Dirham as a part of their legal tender: NA

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The Emirati Dirham Currency

The currency of UAE is in the subdivision of 100 fils. Currently there are 3 coins and 8 bank notes in circulation in the region. The coins in circulation are in the denominations of fils 25, 50 and dirham 1. Bank notes in circulation are in the denominations of dirhams 5, 10, 20, 50, 100, 200, 500, 1000.

How to buy forex online?
To find the latest INR to AED rates and other foreign currency exchange rates, visit the Thomas Cook website.
Thomas Cook is the best currency converter in India. Besides offering the best UAE Dhiram rate, it also offers customized tour packages for an exciting trip to the UAE.

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Frequently Asked Questions

Is it OK if I use USD instead of AED when I am visiting UAE?
Yes. You can use the USD however, we still suggest you use the AED Currency for a seamless trip. You may also use your bank cards or forex cards to carry out transaction while you are there.
Can I use a credit card in Dubai?
Yes, you can do that. You can even use the debit cards. There are forex cards available too which are secure and safe to use. In case you are to use your credit/debit cards, we suggest you check with you bank first on the fees that could be levied.
How much money can I carry in and out UAE?
You can carry up to Dh1,00,000, or equivalent foreign currency, in and out UAE. However, in case the amount you are carrying exceeds the given limit then you will be required to declare the same.
I want to sell Dirhams. Can I do that online?
Yes, you can sell UAE dirhams online by just filling up a simple form, and we will assist you throughout the process.
How can I book Dirhams via Thomas Cook? Can I book it online?
Yes, you can certainly buy forex online by filling up a simple form on our website. It is a very convenient process and by the end of the transaction, you will receive it at your doorstep.

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