Money in India - Tourist Basics

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#121 Jan 24th, 2018, 00:58
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Indian cards are often put in slot, then removed after a very short pause (then pin entered, amounts are chosen, etc.)
This is how the ones I use here work. I think there used to be some card-swallowing machines: don't know if there are any left.

At least those machines can never swallow your card and not spit it out!
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#122 Jan 24th, 2018, 05:02
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My card was swallowed up In IndusInd bank, ATM at Varanasi two years ago and it did not spit it out for a while!
I was waiting for the bank to open but to my surprise, it came out after 10 minutes!
Fortunately, there was no one else waiting to withdraw during that time!
Imagine about the hassle, dealing with the bank official in India!
#123 Jan 24th, 2018, 14:10
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Money in India - Tourist Basics

Ten minutes... Wow. That is crazy! Could have been a power cut?

You are lucky. I strongly suspect that the attached bank would not have had access to the machine and would have referred you to their head office or your card supplier!

Cardless in a foreign land will probably, one day, become one of the pool of insecurity dreams like getting to the office and then realising you forgot to put your clothes on. Only... Much more scary!
#124 Jan 24th, 2018, 18:04
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#124

Red face

possibly a power cut!
looking back it made all the rumbling noise but went quiet without even the display lights showing up!
I thought it was my card which jumbled up the machine!
Anyway, don't they have a secure non-interrupted power supply?
I have to watch out in future!
#125 Jan 24th, 2018, 20:02
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Originally Posted by Nick-H View Post I strongly suspect that the attached bank would not have had access to the machine and would have referred you to their head office or your card supplier!
In most cases the bank whose name appears on the ATM has no access to it. They outsource this work to firms like http://www.brinksglobal.com/services...rocessing.aspx. In India it's called Brinks Arya pvt. ltd.
#126 Jan 24th, 2018, 20:16
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In this case I think it was an ATM associated with a branch.
#127 Jan 24th, 2018, 23:16
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Yes,it was just outside the branch and no security guard !
#128 Nov 28th, 2018, 07:45
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Originally Posted by Dave W View Post This post is an attempt to summarise matters as they stand in January 2014. The contents apply to tourist visitors to India. If you can see any way to improve this piece please post on the thread.

Common sense – Exercise care when handling large sums of cash. If somewhere looks dodgy avoid it. There will be somewhere else. Don't leave your card in a machine.

Indian Rupees. - Tourists cannot legally take rupees into or out of India. Common denomination notes are 10, 20 , 50 , 100 , 500 and 1,000. There are a few 5 rupee notes around. Coinage includes 1, 2 , 5 and 10 rupees. The official abbreviation for rupees is ₹ although Rs is often seen

Be prepared to carry more bank notes than you probably would at home.

From April 2014 notes that do not have a year of issue on the reverse will be withdrawn from circulation. See http://www.indiamike.com/india/money...drawn-t211865/

Many people will refuse to accept damaged or marked notes. If you are given a torn or otherwise damaged note in your change, you can hand it back to the shopkeeper or cashier and they will change it for you. Otherwise torn or mutilated notes can be changed at any branch of State of India, Bank of India and a couple of other banks.

Debit Cards - Probably the most common way for tourists to access rupees is by using debit cards in ATMs. These are found in many places across the country, often in a small cabin or kiosk which may be air conditioned. It is normal to wait outside the door until the person at the ATM has concluded their business. When you insert your card you will be offered the option of transacting in English. The normal daily transaction limit is ₹ 10,000 and there may be a small charge levied by the ATM owner.

Your card issuer may also charge a transaction fee as well as taking a cut on the exchange rate that you are charged. Some banks offer better deals than others. Debit cards can also be used in some retail outlets as described below. You will be required to use your PIN.

Credit Cards - Mastercard and Visa are widely accepted by hotels as well as some shops and restaurants. American Express is less widely seen. You may be asked to enter your PIN number into the card terminal. Smaller businesses such as local shops, smaller restaurants and taxis are unlikely to have credit card facilities. Again notify your card issuer that you will be in India. Many cards charge a transaction fee but there are a few that don't.

Non – Indian Cash - Sterling, US dollars, euros can be changed in many places. Other currencies such as Australian and Canadian dollars appear to be easy to get changed also. Banks will change money but have a reputation for being slow and bureaucratic. Bureaux de Change outlets are very common in tourist resorts and normally list their rates on a board outside.

Travellers' Cheques – Not very fashionable these days but do have the advantage that they can be replaced if lost or stolen. Banks, Bureaux de Change and larger hotels will change but check the rate before committing.

Pre-Loaded Rupee Cards - A relatively new innovation and as yet there has been little feedback on the forum. One such is available from ICICI bank who have outlets throughout India. See http://www.icicibank.co.uk/personal/travel_card.html

Pleas feel free to post any questions that you may have below.
so you canít bring rupees into the country? we were thinking about getting rupees from our bank...and iíve always been able to take momey into other countries...is india a different case?
#129 Nov 28th, 2018, 08:34
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Originally Posted by rajaajay View Post so you canít bring rupees into the country? we were thinking about getting rupees from our bank...and iíve always been able to take momey into other countries...is india a different case?
You can bring in and take out of India any amount less than INR 25000/-

Import/Export of Indian currency
My bad grammar does not make bad your grammar OK.
#130 Nov 28th, 2018, 14:22
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Its just usually a worse rate abroad..
#131 Nov 28th, 2018, 17:20
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Originally Posted by edwardseco View Post Its just usually a worse rate abroad..
Even in India , I have noticed that I get a better rate if I do a online transfer from my UK account to my Indian bank account.

I always used to think that the banks would be keen to get physical currency instead of online transfer .

Both ICICI and HSBC were offering rates lower than their online rates when I wanted to deposit some leftover GBP into my Indian bank account .

I decided to do an online transfer instead and brought the GBP back to the UK.

I could have got excellent rates in the grey market but decided not to contribute to the black market.
#132 Nov 28th, 2018, 18:49
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As far as I am aware, one still can't obtain Rupees from a bank abroad. The restrictions on taking money in and out as touurists and visitors have been relaxed recently, Rs25000 is the current limit. How you obtain the Rs25000 from abroad to bring with you into India is the problem. I believe most communities have unofficial money changers that can help, not sure about USA though?

Foreign currency is in demand, bring US $ and change in India at money changers, that seems the best way to me.

You can change a small amount at airports, but you get a poor rate, so only change the minimum you need to pay for taxi's etc at airports...

ATM machines are widely available.

Ed.
#133 Nov 28th, 2018, 23:11
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Originally Posted by OldandRambling View Post As far as I am aware, one still can't obtain Rupees from a bank abroad.
Indian Rupees are sold quite openly in Germany: https://www.reisebank.de/reisegeld?query=Indien, but the rate offered (66.10 to the Euro) is abysmally low.
#134 Nov 28th, 2018, 23:27
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so up to 25,000 rupees is ok? iíd like to have at least that much.
#135 Nov 28th, 2018, 23:44
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Originally Posted by rajaajay View Post so up to 25,000 rupees is ok? iíd like to have at least that much.
Just as a matter of interest, why do you feel the wish to carry that amount of local cash into India?

What do you see as the advantage?

Ed
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