Banking in India has become quite easy now. The sector has steadily opened up to privatised participation, which has bolstered the services and performance of state run entities too. Trans National banks have a sizeable presence in the larger cities, especially in the metros. There are more and more ATMs so now in India too Any Time Money is yours for the asking. In the smaller towns your banking options will be far less than in the cities. You’re likely to find only minor branches of government banks that do not offer facilities such as ATM and are unlikely to change currency other than dollars and pound sterling. Also the paperwork might run into reams if the bank is yet to computerise.
Banking hours usually are 10 AM to 2 PM Monday to Friday and 10 AM to 12-noon on Saturdays.
Bank holidays vary from region to region. Major festivals are holidays though it is unlikely that a bank will be closed for longer than 2 days in a row.
Major international credit cards are widely accepted in the cities.
Exchange your money
Changing money in India can be a tedious process so change substantial amounts at a time. Not all banks accept travellers’ cheques or currency other than dollars or pound sterling and if you find one that services your needs take advantage of it. Changing money anywhere but at accredited bureaux is illegal.
Moneychangers are open 24 hours at the airports (but these are invariably far from town) and in hotels. International foreign exchange providers have several branches in the larger cities. Smaller towns however, are likely to only have minor banks. Save up all exchange receipts (encashment certificates); these are required for visa extensions and other formalities, and when you want to convert rupees at the end of your trip.
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