Best form of Money!

kugan551 · Aug 1st, 2009, 13:58

I am from England. Which currency is most sought after in Indian shops generally?
British Pound? US Dollar? Indian Rupees?

How do you manage money?

vko · Aug 1st, 2009, 14:57

Indian Rupees.

pinkyparker · Aug 1st, 2009, 19:53

A mix of GBP cash and ATM is good. Exchange a small bit of GBP upon arrival at the airport just for your first day. Exchange your GBP (cash) at a bank and ask for all small bills. Use your ATM card to get larger bills as you go along. Cash machines will generally give you 500 rupee notes. Try to use a branch of your home bank (HSBC, Grindlays, Citibank,Standard Chartered, etc) and the fees will be a lot cheaper.

rajered · Aug 1st, 2009, 20:00

A few tips

Check the charges applied by your bank when you withdraw money in India using an ATM. Also ask them from which Bank's ATM can you withdraw cash.

If you withdraw only Rs 500/- from an ATM you will get 5 Rs 100/- notes. If you withdraw Rs 5000/- from an ATM you will get 9 Rs 500/- notes and 5 Rs 100/- note

A safe bet for money changing is any State of Bank India any place in India

edwardseco · Aug 1st, 2009, 21:37

That last count.?

capt_mahajan · Aug 1st, 2009, 22:07

The vast majority of shops will accept only Indian Rupees.

sarkar · Aug 1st, 2009, 22:39

Travel with Rupees only. Exchange your GBP at Airport. Confirm with your bank whether your credit card will work in India or not.

Nick-H · Aug 1st, 2009, 23:30

That is somewhat (well, 1/3rd) contrary to the advice of those who find the airport exchange rate not very good!

tombud10 · Aug 25th, 2009, 05:09

Is it a good idea to take some Pound Sterling travellers cheques, then change them for rupees in India, as well as using a debit card at ATMS? It'd be nice to have another means of cash in case my card gets swallowed, lost etc.

T

Brisso · Aug 25th, 2009, 05:47

[quote=kugan551;782611]I am from England. Which currency is most sought after in Indian shops generally?
British Pound? US Dollar? Indian Rupees?

QUOTE]

Which currency is most sought after in British shops generally?
Indian Rupees? US Dollar? British Pound?

Puleees ...

machadinha · Aug 25th, 2009, 06:09

I think the usual question is what's the best currency to bring in.

If you're from a country that carries a major currency (Euros, British pounds, US dollars, and perhaps a few others -- notably and perhaps a few other kinds of dollars, people to whom it applies should really check on this), then just carry that; they'll all be good, and you'll lose out on any intermediate transactions you mean to make. There's no point to it.

If you're from another country, then carrying any one of those three would be good.

Apart from an ATM card (debit or credit), it's not a bad idea to carry some cash on you (in one of those denominations again -- or simply in Rupees, of course. Will likely be a bulkier stash though), or possibly some traveler's cheques (while seemingly outdated, the great advantage of the latter is they're technically insured against theft, of course). You may always find yourself somewhere where there is no machine, or the only one in town is empty or broken, or whatever.

That cash it's handy to keep somewhere other than the rest of your valuables; in case you should lose everything else, it only takes a 50 or 100 Euros bill or so to see you cross-country to your embassy, and keep you fed along the way.

kugan551 · Aug 31st, 2009, 12:18

I followed the advice given here and managed well without much trouble. (except that a Rs 1000 note still managed to travel to England hidden somewhere.) What can you do with it?!

Used ATM s mostly.

A friend stashed away lots of 50pound notes in the wallet and got all nicked in a crowded place.

You guess what it would be like!

machadinha · Aug 31st, 2009, 12:24

Quote:

Originally Posted by kugan551

a Rs 1000 note still managed to travel to England hidden somewhere.) What can you do with it?!

Nothing much really. Give away to friend going there, or keep for a next time

(Or as a silly souvenir. You could probably get it changed and certainly in Britain, either at a bank or your local Subcontinental shop, but it'd be just (scarcely) 13 pounds -- well, handy for a rainy day maybe, minus the exchange fee.)

Glad to hear you otherwise fared well. Sorry about your friend; stashing away all of it in a wallet-type place may not have been the best of ideas.... But then anyway, stuff happens, no matter what our precautions.

Aug 1st, 2009, 13:58	#1
kugan551 Member Join Date: Jul 2009 Location: London, England Posts: 31	Best form of Money! I am from England. Which currency is most sought after in Indian shops generally? British Pound? US Dollar? Indian Rupees? How do you manage money?

Aug 1st, 2009, 19:53	#3
pinkyparker Member Join Date: Jul 2007 Location: Chicago area Posts: 55	Money A mix of GBP cash and ATM is good. Exchange a small bit of GBP upon arrival at the airport just for your first day. Exchange your GBP (cash) at a bank and ask for all small bills. Use your ATM card to get larger bills as you go along. Cash machines will generally give you 500 rupee notes. Try to use a branch of your home bank (HSBC, Grindlays, Citibank,Standard Chartered, etc) and the fees will be a lot cheaper. __________________ Journey far..... Walk in Peace.

Aug 1st, 2009, 20:00	#4
rajered Member Join Date: Mar 2009 Location: Navi Mumbai Posts: 1,184	A few tips Check the charges applied by your bank when you withdraw money in India using an ATM. Also ask them from which Bank's ATM can you withdraw cash. If you withdraw only Rs 500/- from an ATM you will get 5 Rs 100/- notes. If you withdraw Rs 5000/- from an ATM you will get 9 Rs 500/- notes and 5 Rs 100/- note A safe bet for money changing is any State of Bank India any place in India Last edited by rajered : Aug 1st, 2009 at 22:45. Reason: Thank you Edward

Aug 1st, 2009, 22:07	#6
capt_mahajan Infidel Sufi Join Date: Sep 2005 Location: styx Posts: 13,608	The vast majority of shops will accept only Indian Rupees. __________________ . Outside the machine

Aug 25th, 2009, 06:09	#11
machadinha brother my cup is empty member Join Date: Jan 2005 Location: yörp Posts: 14,398	I think the usual question is what's the best currency to bring in. If you're from a country that carries a major currency (Euros, British pounds, US dollars, and perhaps a few others -- notably and perhaps a few other kinds of dollars, people to whom it applies should really check on this), then just carry that; they'll all be good, and you'll lose out on any intermediate transactions you mean to make. There's no point to it. If you're from another country, then carrying any one of those three would be good. Apart from an ATM card (debit or credit), it's not a bad idea to carry some cash on you (in one of those denominations again -- or simply in Rupees, of course. Will likely be a bulkier stash though), or possibly some traveler's cheques (while seemingly outdated, the great advantage of the latter is they're technically insured against theft, of course). You may always find yourself somewhere where there is no machine, or the only one in town is empty or broken, or whatever. That cash it's handy to keep somewhere other than the rest of your valuables; in case you should lose everything else, it only takes a 50 or 100 Euros bill or so to see you cross-country to your embassy, and keep you fed along the way. __________________ Reading tips, all picked up at IndiaMike : INDAX's A Comprehensive Guide To India / Dinoj Surendran's Desi Humor / ITHVC on Culture Shock & Travel Health / JetLag Travel Guides For the Undiscerning Traveller / India Travel Links

Aug 1st, 2009, 14:57	#2
vko Senior Member Join Date: Apr 2009 Location: Hyderabad-Secunderabad Posts: 474	Indian Rupees.

Aug 1st, 2009, 21:37	#5
edwardseco Maha Guru Member Join Date: Sep 2001 Location: Land that shakes and bakes. Posts: 5,845	That last count.?

Aug 1st, 2009, 22:39	#7
sarkar -(!)- Eve -[^!^]- Wall-E Join Date: Jul 2009 Location: Shyamnagar, India Posts: 127	Travel with Rupees only. Exchange your GBP at Airport. Confirm with your bank whether your credit card will work in India or not.

Aug 1st, 2009, 23:30	#8
Nick-H This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India Posts: 36,225	That is somewhat (well, 1/3rd) contrary to the advice of those who find the airport exchange rate not very good!

Aug 25th, 2009, 05:09	#9
tombud10 Member Join Date: Jun 2009 Location: England Posts: 24	Is it a good idea to take some Pound Sterling travellers cheques, then change them for rupees in India, as well as using a debit card at ATMS? It'd be nice to have another means of cash in case my card gets swallowed, lost etc. T

Aug 25th, 2009, 05:47	#10
Brisso Specialist muddler Join Date: Sep 2006 Location: Brisbane Posts: 1,084	[quote=kugan551;782611]I am from England. Which currency is most sought after in Indian shops generally? British Pound? US Dollar? Indian Rupees? QUOTE] Which currency is most sought after in British shops generally? Indian Rupees? US Dollar? British Pound? Puleees ...

Aug 31st, 2009, 12:18	#12
kugan551 Member Join Date: Jul 2009 Location: London, England Posts: 31	I followed the advice given here and managed well without much trouble. (except that a Rs 1000 note still managed to travel to England hidden somewhere.) What can you do with it?! Used ATM s mostly. A friend stashed away lots of 50pound notes in the wallet and got all nicked in a crowded place. You guess what it would be like!

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