Indian Travel Money Cards
If you are going to India on holiday consider getting a travel money card that is preloaded with Indian Rupees. By buying your Rupees travel money in advance you secure a better exchange rate plus you know how much money you have to spend with.
When taking up any travel money card Compare prepaid would suggest you take out two cards and only activating one. When you get to India put the other un-activated card in the safe with your passport and travel documents. If you lose your card while you are away in India you can then cancel the lost card and activate the card you left in the safe. This process will ensure that you are never left short and never get stuck without cash.
MasterCard and Visa are widely accepted also all major credit cards are accepted and can be used in India. Travellers cheques are widely accepted and may be changed at banks and larger hotels. The most widely accepted currencies include US Dollars and Pounds Sterling. Some banks may refuse to change certain brands of traveller’s cheques which others exchange quite happily. In smaller towns is it advisable to use cash.
When it comes to paying for fuel you are advised to pay in cash as your travel money card may not work and some garages still do not have credit card facilities up and running.
India unit of currency is the Rupee (INR; symbol Rs), which is divided into 100 paise. Notes come in denominations of Rs1,000, 500, 100, 50, 20 and 10. Coins are in denominations of Rs5, 2 and 1, and 50, 25, 20, 10 and 5 paise. Note: The import and export of local currency is prohibited.
The import and export of local currency is prohibited. The import of foreign currency is unlimited. However, amounts exceeding US $5,000 or equivalent in cash, or US $10,000 or equivalent in traveller’s cheques must be declared. The export of foreign currency is allowed up to the amount imported and declared.
Banking – ATM Machines
Banks are open from Mon-Fri 1000-1400, Sat 1000-1200, Airport based banks are open to accommodate international flights.
The major banks have (ATMs) and you will find them in all larger towns and large population areas.
Changing money in India
Changing money in India can be a tedious and cumbersome process. So, it is advisable for you to change a substantial amount at one time. It is difficult to change currency other than dollars or pound sterling. However, make sure to change the money at accredited bureaus only, changing at any other place is illegal and also runs the risk of being counterfeit.
Indian Rupees travel money
You can get your currency exchanged at the airport itself also. The moneychangers at airports are open 24 hours. Also, moneychangers are available in some hotels too. In big cities, you will find several branches of International foreign exchange providers. However, in small towns however, only minor banks will be providing the service. You should save all exchange receipts (encashment certificates). You may require them for visa extensions and other formalities and at the time of going back, when you want to convert the rupees.
Looking to buy holiday money consider carrying a variety, Take enough Indian Rupees rand to last you a day or so in cash, then split the rest in to travellers cheques and a Indian Rupees travel money card. Indian Rupees travel money cards are new and offer a better exchange rate than travellers cheques and travel money. With the providers above you can buy all three at once.
Some other prepaid currency cards include Sainsburys prepaid Mastercard card, Sterling prepaid mastercard currency card and Caxtonfx prepaid currency card. You can compare all the prepaid currency cards available and select the best among them when you exchange money simply by checking online for our currency cards comparison pages.
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