How can i convert Bitcoin to Indian Rupees and vice-versa?

Question

How can I convert bitcoins into Rupees (Indian currency - INR) and get them in paper Rupee notes?

Answer 1

If someone will want to sell bitcoins for Rupees, they might list it on LocalBitcoins. It's a good start.

Answer 2

If you want physical cash without going through a bank then you'll find many individual traders here:

• https://localbitcoins.com/country/in

And there are offers to buy and sell posted in threads on the India board:

• http://bitcointalk.org/index.php?board=89.0

But as of December, 2012 there are no market exchanges that can do a domestic bank transfer, so cashing out bitcoins would incur costs as an international wire transfer.

There is an E-Currency exchange that will buy your coins (or sell bitcoins to you), including sending a bank transfer:

• http://en.bitcoin.it/wiki/ECurrencyZone

Here is a forum thread of one reputable trader who can also send INR as a bank transfer:

• http://bitcointalk.org/index.php?topic=108712.0

Answer 3

Bitcoinary has traders willing to buy BTC for INR.

https://www.bitcoinary.com/