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Serbian Dinar
About The Serbian Dinar: The Currency of Serbia
Quick Facts About the Serbian Dinar Notes
Country of Origin | Republic of Serbia |
Symbol | DIN / дин |
Currency Code | RSD |
Nick Names | Post-Yugoslavia Dinar |
Minor units | Para |
Denominations (Banknotes) | DIN 10, DIN 20, DIN 50, DIN 100, DIN 200, DIN 500, DIN 1,000, DIN 2,000, DIN 5,000 (Rarely Used) |
Motto | |
Identification Feature | All current banknotes issued by the Republic of Serbia have portraits of renowned and notable Serbians on them. |
Issuing Bank | National Bank of Serbia |
In Circulation Since | 2003 |
The Serbian Dinar currency is the official currency and legal tender of the Republic of Serbia since the year 2003. Issued and maintained by the National bank of Serbia, the Serbian Dinar exchange rate has been relatively stable over the years with the Serbian dinar price not changing much compared to similar currencies. Serbia, not being a member of the European Union, does not use the euro and as such Serbian Dinar to Euro is about 0.0085, while Serbian Dinar to SEK is about 0.095. You can sell Serbian Dinar at a Serbian Dinar to INR rate of around 0 .
History of the Serbian Dinar
The Serbian Dinar currency has a long and complex history tracing back to the Middle Ages, with the first mentions of the Serbian Dinar dating back to the year 1214 AD. The first modern Serbian dinar, however, did not appear until 1868, following the withdrawal of Ottoman troops from the region in 1867. The Serbian Dinar symbol did not come to be until the 20th century.
The Serbian Dinar symbol, however, was briefly replaced by the Yugoslavian Dinar and Yugoslavian Krone in 1920 before being replaced by the Serbian Dinar again in 1941 German Occupied Serbia at a Reichsmark to Serbian Dinar rate of 250. The current Serbian Dinar also known as the post-Yugoslavia Dinar came into circulation in the year 2003. Currently, the Serbian Dinar to dollar rate is around 0.0091.
Countries Accepting the Serbian Dinar
The Serbian Dinar is only used as legal tender in the Republic of Serbia. The disputed state of Kosovo maintains an autonomous status and does not use the Serbian Dinar.
Amount in the Serbian Dinar You Should Carry for Your Trip
Determining the ideal amount of Serbian Dinar that you should carry for your trip to the country depends heavily on several factors, with accommodation, food, transportation, and planned activities being the most prominent ones. The Republic of Serbia is relatively cheaper compared to other European countries. Finding Serbian Dinar Forex cards can be hard as most travel cards don’t operate in Serbia.
A moderately adjusted trip avoiding luxury hotels costs anywhere from 3,300-5,500 RSD a day in Serbia; however, an experience with luxury dining, extravagant accommodation, and similar amenities can easily cost upwards of 12,000 RSD. A well-planned trip with certain adjustments can cost less than 2000 RSD, and with 1 Serbian Dinar to USD being currently valued at 0.0091, this comes to less than 20 USD.
Even though the Serbian Dinar rate is quite stable, it is still recommended that you check the live Serbian Dinar rate before you buy Serbian Dinar at a Serbian Dinar currency exchange.
Best Ways to Identify Counterfeit Serbian Dinar Notes
There are a few ways through which you can spot the counterfeit Serbian Dinar notes:
The top left corner of the front side of Serbian Dinar banknotes has a tactile block that is sensitive to touch. Apart from just providing aid for the Visually impaired this also acts as an anti-forgery measure.
Throughout the note there are various sections that have “micro texts” that are not visible to the naked eye but with the right optical instruments, they can be magnified enough to read.
Real Serbian Dinar notes have portraits of renowned and notable Serbians/People of Serbian descent.
At the bottom of the Serbian Dinar banknotes, around the middle, there is a “Kinegram” showing the denomination of the note.
Serbian Dinar banknotes have a watermark on the left side that can be checked by exposing the note to sunlight or any direct source of light.
The notes are made of “Toned Paper” and the various fibres of the paper are clearly visible.
The serial numbering on the backside of banknotes glows/changes colour when observed under UV light.
On the backside a security metallic tape runs through the middle of the note, appearing broken but is seen as unbroken when viewed under sunlight or any other direct source of light. The metallic tape also has “micro texts” running along its length.
Process of Exchanging the Serbian Dinar
The process of converting the Serbian Dinar to Indian Rupee is immensely easy. Please note that the 1 Serbian Dinar to INR value is subject to change so keep an eye on the Serbian Dinar rate alert. Below, we have mentioned some of the popular ways to convert Serbian Dinars to Rupees.
Internationally-Accepted Card
A multi-currency forex card is counted among the most economical and safest way of carrying the Serbian Dinar.
The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.
Online Forex Marketplace
The simplest and most cost-efficient way of converting your Serbian Dinar is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.
Visiting Your Bank
The most traditional way of converting the Serbian Dinar to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Serbian Dinar convert to Indian Rupees.
Local Money Changers
You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Serbian Dinar exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Serbian Dinar to INR.
On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.
Airport
If you would like to convert the Serbian Dinar in India, one of the costliest ways to do so would be to get the Serbian Dinar exchanged at an airport due to the exorbitantly high RSD exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.
Exchange the Serbian Dinar with BookMyForex
BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the RSD to Indian Rupees as well as Indian Rupee to Serbian Dinar. Please note that the 1 Serbian Dinar to INR value is subject to change so keep an eye on the Serbian Dinar rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:
Wide Range of Products
Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.
BookMyForex Multi-Currency - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.
International Travel Insurance - TripMoney also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like TripMoney to handle your mandatory travel insurance requirements along with a VISA application.
Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.
Best Exchange Rates
BookMyForex makes it easy for you to buy Serbian Dinar or sell Serbian Dinar at live and best exchange rates.
Quick Money Transfer
You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.
Home Delivery
BookMyForex delivers the Serbian Dinars at your doorstep. So, you can simply order and receive your currency from the comfort of your home.
Best Rates to Exchange the Serbian Dinar
You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Serbian Dinar in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Serbian Dinar in India in real-time on the platform and get the best deal. Currently, 1 RSD is equivalent to 0 INR .
Best Ways to Carry the Serbian Dinar
BookMyForex allows you to convert INR to the Serbian Dinar at the best exchange rates so that you can carry the Serbian Dinars without any hassle. Some of the best ways to carry the Serbian Dinar are mentioned below:
Currency Notes
You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.
BookMyForex Multi-Currency Card - 0% Forex Mark-Up
The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.
How to Buy the Serbian Dinar at Best Rates - Currency Notes and Cards
Whether you want to buy forex cards and currency notes or sell the Serbian Dinar, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the Serbian Dinar to USD, INR to Serbian Dinar or Serbian Dinar to Euro, you only need to follow the below-written steps:
- STEP 01
Select your city from the drop-down list.
- STEP 02
Choose the currency you have and the currency you want.
- STEP 03
Opt for a forex card or currency notes from the list.
- STEP 04
Mention the forex amount. The live currency exchange rate will show up next to it.
- STEP 05
The converted currency amount according to the exchange rate will show up automatically.
- STEP 06
Then proceed with booking your order.
Documents Required to Buy or Sell the Serbian Dinar
Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Serbian Dinar in India.
Copies of your valid Indian passport
PAN Card
Confirmed air ticket indicating your plan to travel within 60 days
Valid visa (it may not be required for every country)
Different Purposes for Exchanging the Serbian Dinar
Private Travel: You can avail of up to RSD 10,000 for a private trip to the Serbia.
Studying Abroad: You can purchase foreign exchange of up to RSD 30,000 or up to the estimate shared by your educational institute.
Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to RSD 5,000.
Emigration: If you have an emigration visa, you can buy foreign exchange for up to RSD 5,000.
Gift and Donation: You can gift or donate up to RSD 5,000 annually on the basis of self-certification
Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to RSD 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.
Buy and Sell the Serbian Dinar Online at Best Exchange Rates
With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Serbian Dinar in Indian Rupees so that you can stay updated with the ever-changing Serbian Dinar value when converting your money to other currencies.
Home Delivery of the Serbian Dinar
In addition to a smooth online process, BookMyForex also delivers the Serbian Dinars right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.
Other currencies to INR Conversion
- USD to INR
- EUR to INR
- AED to INR
- THB to INR
- SGD to INR
- KWD to INR
- CHF to INR
- HKD to INR
- SAR to INR
- CAD to INR
- ZAR to INR
- AUD to INR
- JPY to INR
- GBP to INR
- NZD to INR
- MYR to INR
- VND to INR
- BHD to INR
- IDR to INR
- KRW to INR
- NOK to INR
- DKK to INR
- RUB to INR
- LKR to INR
- PHP to INR
- MUR to INR
- BDT to INR
- PLN to INR
Frequently Asked Questions
How do I get cashback after placing my forex order?
Find out more about the cashback offer on your Serbian Dinar (RSD) purchase by clicking here.
What is the best way to convert RSD to INR?
You can convert RSD to INR using different methods such as visiting a nearby bank or an airport counter. However, both of these methods will prove to be time-consuming as well as costly. There are local money exchangers available but you might need to indulge in negotiations with them. Therefore, MakeMyTrip, powered by BookMyForex, is the perfect way to convert your currency. This online Forex solution offers currency exchange at live rates and delivers currency notes or Forex cards to your doorstep.
What will happen to the leftover Serbian Dinar currency when I return from my trip?
You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.
Can I invest in the Serbian Dinar?
Yes, you can invest in the Serbian Dinar via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.
Will I receive authentic Serbian Dinar notes?
Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.
Is it legally allowed to hold Serbian Dinar in India?
While it is acceptable to hold the Serbian Dinar up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.
What if I run out of the Serbian Dinar currency while travelling?
If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.