Money in India - Tourist Basics

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#46 Jul 6th, 2016, 04:42
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#46
Haven't done this, Visa seems very popular in India. I have used Capital One because of fees..
#47 Jul 6th, 2016, 14:39
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#47
Yesterday, I responded with true horror at being asked for Rs45 toll. Actually it's a bad joke that there is a toll for this road at all, which is end-to-end roadworks, but what made me laugh at myself was realising how Rs45, has become, to me, serious money.
~
Life gets aadhar every day.
.
#48 Sep 5th, 2016, 13:10
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#48
Quote:
Originally Posted by Nick-H View Post Yesterday, I responded with true horror at being asked for Rs45 toll.
Oh how innocent I was!

Since then I have widened my horizons with a trip to Bangalore. I think we paid tolls of over Rs.100 at least twice. Must have paid over Rs.300.

There's a big bad world out there. I didn't know!
#49 Sep 6th, 2016, 11:05
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#49
Quote:
Originally Posted by Nick-H View Post Oh how innocent I was!

Since then I have widened my horizons with a trip to Bangalore. I think we paid tolls of over Rs.100 at least twice. Must have paid over Rs.300.

There's a big bad world out there. I didn't know!
Horror or horrors indeed Nick. When I was in school, a 10 day trip to Mussorie from Delhi cost Rs 50 all inclusive. The following year, it was 75 or 80 for a two week trip to Srinagar, Pahalgam, Gulmarg etc, including a three day stay on in houseboat on Dal Lake. An 195 ml or about 6 fl oz bottle of coke was 25 paise, known as new paise in those days.

I think I am going to have to convert InRs to US$ before I spend any money.
My bad grammar does not make bad your grammar OK.
#50 Sep 6th, 2016, 12:33
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#50
Inflation is a hidden tax and seems to work best where there considerable under-reporting of income..
#51 Sep 6th, 2016, 14:07
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Originally Posted by edwardseco View Post Inflation is a hidden tax and seems to work best where there considerable under-reporting of income..
Indeed.
  1. People with money don't like inflation as it devalues the money they have while working class wages does normally keep up with inflation, working class in the U.S. over the last 40 years or so excepted.
  2. So they do not reportat all or at best underreport their income to make up for the inflation bite
  3. Which leads to more inflation.

Of course there are other factors like innovation, productivity, investments in business that play their role too.
Oh Wait, unreported and undereported income also considered innovation in some circles.
#52 Sep 7th, 2016, 06:40
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The middle class with fixed income and retirees on the same are singularly discomforted by inflation. A sight that haunts me was a WWII highly decorated Soviet veteran in what remained of his uniform begging on a street corner. The teachers could drive taxis at night so not to worry..
#53 Sep 7th, 2016, 10:31
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#53
Is there a definitive answer about the Rs. 10,000 max withdrawal limit per ATM transaction? One of the posts suggested that this limit does not apply to certain private banks and a withdrawal upto Rs. 40,000 is permitted. Is that the case? If so, which banks and what catch?
#54 Sep 7th, 2016, 10:49
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As far as I know the limit is Rs 10000 per withdrawal from ATM's of banks (the ones where you do not have an account). For the bank where you have an account the limit differs from bank to bank and what type of account you have with the bank.
#55 Sep 7th, 2016, 11:14
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#55
Quote:
Originally Posted by Yaatri View Post Horror or horrors indeed Nick. When I was in school, a 10 day trip to Mussorie from Delhi cost Rs 50 all inclusive. The following year, it was 75 or 80 for a two week trip to Srinagar, Pahalgam, Gulmarg etc, including a three day stay on in houseboat on Dal Lake.
My school trip costed Rs60 to Agra which included a flight one way.
#56 Sep 7th, 2016, 13:02
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#56
Quote:
Originally Posted by Yaatri View Post When I was in school, a 10 day trip to Mussorie from Delhi cost Rs 50 all inclusive.
Quote:
Originally Posted by Govindpuri View Post My school trip costed Rs60 to Agra which included a flight one way.
Please indicate year in each case!

On another thread (Stamps etc.) I have mentioned the price of a lollipop going up from 1 pice (one sixty-fourth of a Rupee) to 2np (one-fiftieth of a Rupee) after decimalisation in 1957.

In 1960 a first class ticket from Delhi Jn. to Dehradun on the overnight Mussoorie Express cost Rs. 28.
In 1966 a one-way plane ticket from Patna to Kathmandu cost Rs. 100 and in 1967 a one-way Delhi-Patna cost Rs. 199.
And these were the full fares.
#57 Sep 7th, 2016, 13:40
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#57
Quote:
Originally Posted by kmalik View Post Is there a definitive answer about the Rs. 10,000 max withdrawal limit per ATM transaction? One of the posts suggested that this limit does not apply to certain private banks and a withdrawal upto Rs. 40,000 is permitted. Is that the case? If so, which banks and what catch?
Maybe not definitive, but based on reasonably current personal experience...

It can depend on the bank account and the ATM.

Withdrawing from an Indian Bank...


Last week, I needed to draw 40k to pay for some building work. I had to make two consecutive withdrawals of 20K each. I think that that account might have a 40K daily limit, but not sure.

Withdrawing from a Foreign Bank...

I've given up doing this, due to the high fees of my foreign bank. Last time I did, there was a per-withdrawal limit of 10k. The total daily limit would be the limit set by the foreign bank. My last experience would have been around four to six months ago.
#58 Sep 7th, 2016, 19:19
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#58
I take credit/debit cards from two different bank accounts that I've established.

It helps when I need a larger withdrawal than one card allows. If the limit is 10,000 I use the second card to double the cash withdrawal to 20,000.

I also have 2 cards in case I lose a card. Once my bank cut off withdrawals because they thought it odd my card was being used in India. Always inform your bank of your travel plans so this doesn't happen to you.

As for your bank setting daily limits, you can call them and set the limit higher.
#59 Sep 7th, 2016, 20:40
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#59

Talking

Use the 10000 card a 2nd time.

GoanGoan......here & there..Goa
#60 Sep 7th, 2016, 20:49
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#60
Quote:
Originally Posted by goangoangone View Post Use the 10000 card a 2nd time.

Use card one to withdraw 10,000 then use the second card to withdraw another 10,000. These cards are issued from two different banks so are seen as two completely different transactions by the ATM.
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