Travel Money Strategy In India: Budgeting Tips and Tricks

Travel money strategy in India


India, a country steeped in history, spirituality and unique culture promises an unforgettable experience for the adventurous traveler. Ancient temples, lush jungles, bustling cities, barren deserts and soaring peaks it’s all here.  Be prepared for your Indian travel dream and get your travel money strategy in India sorted out. Below is a guide to help you save money and reduce hassle.


Where should I look for the best exchange rate?

In many cases, local banks and currency exchange shops will charge the lowest rates. But they’ll also tend to stack fees on. So, how to go about finding the best rate without extra fees? Our online comparison tool makes this process painless. This allows you the freedom to find the best provider for you with a few clicks of the mouse.

If you like to do things on your own feel free to explore these providers rates and fees:


Things You Should Know About Currency Exchange

To check out our top tips when buying currency, click here


How Much Money Should I Bring to India?

The only currency accepted everywhere in India is the Indian rupee (₹). In most Indian cities or towns you are not going to be far from an ATM, which is good news because cash is still the preferred method of payment. Before arriving, it’s smart to line your wallet with a bit of cash and have a few card options on hand as well. So, how much should you actually bring?

How much you spend in India will be a function of your lifestyle and expectations. Here are some basic guidelines:


DAILY BUDGET (Calcutta) Low (₹600) Mid (₹2000) High (₹8000>)

₹300-600 per night

Standard hotel

₹1000-5000 per night

Deluxe hotel

from ₹5000-20,000 per night

Street Food


Mid-range restaurant


Gourmet restaurant


Bus, train


Taxi, auto-rickshaws


Car rental (with driver)

From ₹1200 a day

*All prices are estimated in Indian Rupee


Using Your Credit Card in India

Visa and Mastercard credit cards are accepted widely in major cities, but venture into rural areas and things might get more tricky.

If you like to rely on your credit card, do your homework ahead of time and make sure yours has low fees. Use of a credit card overseas tends to incur fees for currency conversion and international transactions, so be sure to check with your provider before you go.

Some credit cards issuers will freeze accounts if they see charges show up from a new unexpected country, so be sure to call customer service and have them note your account.

Travel insurance is important to travel to India worry-free. Speak to a travel agent if you’re unsure the level of protection you need.


Using Your Debit Card in India

If you like to stick with your debit card you can make direct, over the counter payments or simply withdraw cash with your debit card. You aren’t going to be able to avoid fees completely with this method — these are mostly to do with ATM usage and currency conversion fees — but you want to make sure you compare prices before choosing.

For even more detailed information and advice on travel money strategy in India, speak to one of our experts at The Currency Shop.

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