India travel guide



India Travel Guide

Costs, Money & Banks


India is one of the least expensive destinations to travel, but also is beautiful, charming and enigmatic country, with many diversity of thing to see and do; and you have several opportunities and destinations to visit. You can go with minimum budget and stay in India for a long time, or if you like go with a good budget, to enjoy of all comforts and to spend a bit more than you thought. The minimum budged that you need per day is $20 - $25, and if you want to stay in a decent clean bed, to wake up to an attached bathroom and to eat decent three meals, you need to spend $35 - $40 per day. But if you want to enjoy completely of your trip and to spend much more than that, India offers you many destinations with hotels five stars, exquisite restaurants, luxury transports and excellent services; you will expect to pay international prices for accommodation and food. Souvenirs and crafts are in different prices and models, and you wouldn’t spend a lot of money in these things. Other thing in that you need to think is in the tickets of the sightseeing places, as monuments, museums and other, which are more expensive if you aren’t Indian citizen. Well, apart of these recommendations, you decide when to go?, where to go?, with who?, and how much money will you spend?


Currency unit in India is the Rupee (Rs), which is divided in a hundred Paise (p), and is available in denominations of Re 1, Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1000, the coins of Re 1, Rs 2, Rs 5, and also is available the denominations in coins of 10p, 20p, 25p, and 50p. You can exchange your foreign money in the banks or maybe in exchange establishment, the rate of the exchange of some currency is approximately in Rs 45 per $ 1 or Rs 57 per € 1.


Mumbai is the financial capital of India, and is home of the State Bank of India (SBI), and other financial institutions. The country now is opened up to private banks, and banking in India has become quite easy now. With the competence, banks become most efficient in the cities, Trans National Banks have a sizeable presence in the largest cities, especially in metros and in main tourist places, where was placed many ATMs, or are usually placed several licensed currency exchange bureaus, which exchange currency with rates as good as banks. In minor cities and small towns probably your best option will be the government banks, which maybe only change Us dollars, euro or sterling; on other hand you can change money in hotels, some of them offer this service, but the rates usually is not good, and if you are desperate, you can use the black market to change your money. Banking hours generally are 10 a.m. to 2 p.m. from Monday to Friday, and 10 a.m. to 12-noon on Saturday; the ATMs of the airports, hotels, or banks in the metros are opened 24 hours; the exchange bureaus also is opened the several hours to day. Wiring money to India is a lot easier, now, Indian banks has branches abroad, which wire money in two working days by telex, other possibilities are the foreign banks with their branches in India, and companies as Western Union, American Express and Thomas Cook.

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