Traveling to India from countries like the USA, UK, or elsewhere requires careful planning when it comes to managing money. As a tourist, you’ll need to ensure you have access to Indian Rupees (INR), the official currency, while minimizing costs and staying compliant with local regulations. Here’s a guide on how to take and use money in India effectively.
1. Understand Indian Currency and Regulations
The Indian Rupee (INR) is a restricted currency, meaning you cannot bring large amounts of INR into or out of India. Tourists are allowed to carry up to INR 25,000 in cash when entering or leaving the country, but it’s unlikely you’ll need to bring rupees from abroad since exchanging money in India is straightforward. Instead, focus on bringing your home currency (USD, GBP, etc.) or using digital payment methods.
2. Bringing Cash
Carrying some cash in USD, GBP, or another major currency is a smart move. Upon arrival at Indian airports, train stations, or cities, you’ll find authorized currency exchange counters (e.g., Thomas Cook, banks, or airport kiosks) where you can convert your money into INR. Avoid exchanging large sums at airports due to higher fees—opt for smaller amounts to cover initial expenses like taxis or food, then exchange more at banks or ATMs later. Keep your exchange receipts, as they may be required if you want to convert INR back to your home currency when leaving.
3. Using ATMs and Debit/Credit Cards
ATMs are widely available in India, especially in urban areas, and are one of the easiest ways to access INR. Before traveling, inform your bank about your trip to avoid card blocks due to suspicious activity. Check if your card is part of an international network like Visa, Mastercard, or Maestro, which most Indian ATMs accept. Withdrawal fees vary (typically INR 200–300 per transaction), and there’s often a daily limit (e.g., INR 10,000–20,000). Cards are also widely accepted at hotels, restaurants, and larger stores, though small vendors and rural areas prefer cash.
4. Prepaid Forex Cards
For convenience and security, consider getting a prepaid forex card from your bank or a provider like Wise, Revolut, or Axis Bank (available internationally). Load it with USD or GBP before departure, and use it to withdraw INR or pay directly at merchants in India. Forex cards often offer better exchange rates than cash and protect against theft since they’re PIN-protected.
5. Digital Payments
India is a leader in digital payments, thanks to apps like Google Pay, PhonePe, and Paytm, which rely on the Unified Payments Interface (UPI). While setting up UPI as a foreigner can be tricky (it requires an Indian phone number and bank account), some international cards or apps like PayPal might work for online transactions. WhatsApp Pay is another emerging option. Carry a mix of payment methods, as digital acceptance varies.
6. Tips for Safety and Budgeting
Always use authorized exchange services to avoid scams, and count your money before leaving the counter. Bargaining is common, so having small denominations (INR 10, 50, 100) is handy for markets or street food. Budget around INR 1,000–3,000 per day for modest travel, though costs depend on your style.
By combining cash, cards, and digital options, you’ll have a smooth financial experience in India. Plan ahead, stay flexible, and enjoy your trip!
