American or Canadian money or atm card?

menthe · Jun 3rd, 2009, 00:19

Hi!

I'm Canadian, and going to New Delhi for a couple of weeks.

I was wondering if any of you could advise me on what is the best way to bring money? Should I bring american cash money and exchange it at the airport? Or should I bring my ATM card and try to get some cash there? Will it work?

Thanks for you help!

GoanCanuck · Jun 3rd, 2009, 00:30

Your ATM card is your best option followed by Canadian dollars. Don't bother about US dollars.

Canadian ATM cards work on ATMs belonging to HDFC which is the third largest bank in India. Always look for an ATM belonging to HDFC before using your card while in India.

menthe · Jun 3rd, 2009, 01:14

Thank You so much!

Do you know if there is such an atm at the airport usually?

Thanks!!!!!

rajered · Jun 3rd, 2009, 01:38

The Delhi Airport does not have a HDFC ATM as of now, but in the city of Delhi there would be plenty. Also check with your local bank if they have a tie-up with any Indian bank so that you are not charged any fees for withdrawing money.

menthe · Jun 3rd, 2009, 01:39

Thank you so much!

hitanshu · Jun 3rd, 2009, 01:59

Id wager that it has to do more with VISA than HDFC themselves. lol.

Do check up what your bank's service rates are

GoanCanuck · Jun 3rd, 2009, 07:08

Quote:

Originally Posted by hitanshu

Id wager that it has to do more with VISA than HDFC themselves. lol.

Do check up what your bank's service rates are

Visa has nothing to do with it because Canadian bank issued ATM cards are very unique in the fact that they do not have any tie up with either Visa or MC but use their own private network called Interac which is exclusively owned by the major Canadian banks. ATM cards from the US and Europe and other parts of the world use networks belonging to either Visa or Mastercard.

GoanCanuck · Jun 3rd, 2009, 07:11

Quote:

Originally Posted by menthe

Thank You so much!

Do you know if there is such an atm at the airport usually?

Thanks!!!!!

You can change a few Canadian dollars at the airportand after you reach your hotel you can find an ATM. The loonie is on a real tear at the moment!

obione980 · Jun 3rd, 2009, 12:02

GoanCanuck - I'm sure you're right about Interac - but Canadian Banks belong to most of the other big ATM networks too. I've successfully used my Visa (Plus) and Mastercard (Maestro) cards in ATMs throughout Canada. The big networks which most Indian Bank ATMs accept include - Plus, Maestro, Star - and I'm sure many others as well.

In any country individual ATMs may refuse your card - and the causes are legion. Power outage, network break, poor connection, plain cussedness!!! So it's an excellent idea to have cash reserves always.

GoanCanuck · Jun 3rd, 2009, 12:47

Quote:

Originally Posted by obione980

I've successfully used my Visa (Plus) and Mastercard (Maestro) cards in ATMs throughout Canada. The big networks which most Indian Bank ATMs accept include - Plus, Maestro, Star - and I'm sure many others as well.

That is completely different. For example ATM cards issued by Indian banks work on ATMs in Canada belonging to various Canadian banks without any problem. I have successfully used an international debit card belonging to Bank of Baroda on ATMs in Canada belonging to RBC which is the biggest bank in Canada but debit cards issued by RBC do not work on Bank of Baroda ATMs or any other ATM in India other than HDFC ATMs and Citibank ATMs. I have tried more than 10 different ATMs belonging to different Indian banks and the results have been identical.

ragz · Jun 3rd, 2009, 12:59

You think that the recent RBI guideline that an ATM card from any bank should work at any ATM around the country would have changed something in this respect.

Jun 3rd, 2009, 00:19	#1
menthe Member Join Date: Mar 2009 Location: Canada Posts: 10	American or Canadian money or atm card? Hi! I'm Canadian, and going to New Delhi for a couple of weeks. I was wondering if any of you could advise me on what is the best way to bring money? Should I bring american cash money and exchange it at the airport? Or should I bring my ATM card and try to get some cash there? Will it work? Thanks for you help!

Jun 3rd, 2009, 01:59	#6
hitanshu Renegade Killer Bee Join Date: May 2006 Location: Out of coverage area! Posts: 878	Id wager that it has to do more with VISA than HDFC themselves. lol. Do check up what your bank's service rates are __________________ SMASH!!!!

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Jun 3rd, 2009, 00:30	#2
GoanCanuck Maha Guru Member Join Date: Oct 2004 Location: Vancouver Posts: 3,394	Your ATM card is your best option followed by Canadian dollars. Don't bother about US dollars. Canadian ATM cards work on ATMs belonging to HDFC which is the third largest bank in India. Always look for an ATM belonging to HDFC before using your card while in India.

Jun 3rd, 2009, 01:14	#3
menthe Member Join Date: Mar 2009 Location: Canada Posts: 10	Thank You so much! Do you know if there is such an atm at the airport usually? Thanks!!!!!

Jun 3rd, 2009, 01:38	#4
rajered Member Join Date: Mar 2009 Location: Navi Mumbai Posts: 1,184	The Delhi Airport does not have a HDFC ATM as of now, but in the city of Delhi there would be plenty. Also check with your local bank if they have a tie-up with any Indian bank so that you are not charged any fees for withdrawing money.

Jun 3rd, 2009, 01:39	#5
menthe Member Join Date: Mar 2009 Location: Canada Posts: 10	Thank you so much!

Jun 3rd, 2009, 12:02	#9
obione980 Senior Member Join Date: Oct 2005 Location: Brisbane Posts: 379	GoanCanuck - I'm sure you're right about Interac - but Canadian Banks belong to most of the other big ATM networks too. I've successfully used my Visa (Plus) and Mastercard (Maestro) cards in ATMs throughout Canada. The big networks which most Indian Bank ATMs accept include - Plus, Maestro, Star - and I'm sure many others as well. In any country individual ATMs may refuse your card - and the causes are legion. Power outage, network break, poor connection, plain cussedness!!! So it's an excellent idea to have cash reserves always.

Jun 3rd, 2009, 12:59	#11
ragz Senior Member Join Date: May 2009 Location: Hyderabad Posts: 109	You think that the recent RBI guideline that an ATM card from any bank should work at any ATM around the country would have changed something in this respect.