Changing Your Money...
When changing money at a bank you'll need the patience of a saint and the paperwork skills of a ledger clerk, especially
in smaller towns. The secret is to change money in large amounts as
infrequently as possible and preferably in big banks in big cities. You are
supposed to be given an encashment certificate when you change money at a bank
or an official moneychanger. Some hotels insist you show an encashment
certificate before accepting payment in Indian rupees. If you stay in India
more than four months, you'll need to keep a handful of these certificates to
get income tax clearance.
Credit cards are widely accepted in Indian cities and larger
towns, particularly American Express, Diners Club, MasterCard and Visa. Credit
cards can also be used to get cash advances in rupees. The Bank of Baroda seems
to be the most efficient bank at handling such transactions. A growing number
of large cities and towns have ATMs that accept Cirrus, Maestro, Mastercard and