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buying indian rupees help....

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buying indian rupees help....

Where is the best place to buy? How much should I expect to the pound

Thanks :-) roll on April

Plymouth, United...
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for Tigaki
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1. Re: buying indian rupees help....

Buy in India. the rupee is a closed currency so you can't take them in or out of India. at the moment it's about 99 to the pound.

BOB....

Edited: 07 December 2013, 20:37
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2. Re: buying indian rupees help....

Thanks BOB what is this icici card ive been reading about

manchester
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3. Re: buying indian rupees help....

The icici card is a pre paid cash card that you can apply for at any icici bank in most cities in the UK.

Once issued you can put a certain amount of money on the card at the rate it is at that particular time, then you can use the card in India to withdraw your cash from any ATM or bank.

Plymouth, United...
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4. Re: buying indian rupees help....

It's good to load them when the exchange rate is good, like it is now. we are going to Goa in January and have loaded 50,000 rps on to each card, which is the maximum.

You can apply for the ICICI card on line. get one for each of you.

You do both need to do "online" banking to be able to do it as the money needs to be transferred from an account. If the is any money left on the card after 180 days it goes back to the account that it came from automatically.

They give you the exchange rate as it is on the day with a slight reduction.

BOB....

Manchester, UK
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5. Re: buying indian rupees help....

Do you get charged for using the card when withdrawing from the ATM?

Thanks

Plymouth, United...
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for Tigaki
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6. Re: buying indian rupees help....

Not if you use an ICICI ATM. It's only 25 rps per withdrawal if you use a different ATM. so the more you draw each time the less you pay. but it ain't much anyway.

BOB....

Plymouth, United...
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7. Re: buying indian rupees help....

k3rry4nn,

as you are going in April, the exchange rate is really likely to go down quite a bit. If you get, and load an ICICI Indian travel card now, you will get the favourable rate as it is now, the highest I've ever seen it, roughly 20% higher than last year.

BOB....

Manchester, UK
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8. Re: buying indian rupees help....

Thanks Bob, think I'll look into getting one.

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9. Re: buying indian rupees help....

You do have to visit an ICICI ATM initially to activate the card. Once this is done you can withdraw money from any ATM.

When we were in Candolim in November I noticed that ICICI were opening an ATM in the old Halmark shop nr Rising Waves.

We had to go to Calangute to activate ours.

Plymouth, United...
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10. Re: buying indian rupees help....

According to the instruction book that comes with the card, it makes no mention of having to use an ICICI atm for it's initial use. However, I'm going to e mail ICICI to get this clarified.

BOB....