Expat Finance Services in India
The currency used in India is the Indian rupee, which has a long history going back to the 1540s. Banknotes that are available include the 1, 2, 5, 10, 20, 50, 100, 500, and 1000 rupee notes. A single rupee has little actual value and so prices are more likely to be measured in lakh, or 100 thousand rupees, or in crore, or 10 million rupees.
Currency will have to be converted in India, since it is against the law to take rupees out of India. The use of debit and credit cards as well as ATM machines in India is also on the rise. However, ATM machines are still scarce and difficult to find in many parts of India. Major worldwide cards will work, but sometimes there is a bank conversion fee charged by the ATM.
There are many banks in India but some of these are only local in scope. Foreigners can open bank accounts in India once they have a received a foreigner registration number. They also need to show their passport, visa, and proof of address. Nowadays, debit cards are issued along with bank accounts, credit cards can be applied for, and online banking is also an option in India.
See our guides
Currency Exchange in India
Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.
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Current Account in India
Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.
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Offshore Savings in India
Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.
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Expat Mortgages in India
Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry
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Financial Advice in India
Get information on investment portfolio building to achieve your investment objectives according to your risk profile.
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Expat Savings in India
Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.
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QROPS in India
Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas
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Online Broker in India
Compare online brokers for forex trading, cfd trading, internet share trading and more..
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US Expat Tax in India
American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote
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Tax Advisory in India
Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.
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