The Indian rupee is the currency of India and you will find both coins and banknotes. The bigger banknotes will not be used as commonly as the smaller ones when shopping at markets or taking a taxi.
Coins: p50, 1, 2, 5, 10, 100, 1000
Banknotes: 1, 2, 5, 10, 20, 50, 100, 500, 1000
Bank cards and ATM
All major bank cards and credit cards can be used in India at any bank or ATM. Most ATM's can be found in or near a mall or at the airport or railway station. If you are concerned, you can check the different websites of banks in India in order to see where they are located and which cards they accept.
Banks in India
Shopping and bargaining at the market
When you go to a market to go shopping for fabric, antiques or other things it is good to know how to bargain and what the price range for different products usually is. When you are going to a market in India it is even expected to bargain for the right price.
Some tips to consider when shopping is to first look at the prices in stores where all prices are fixed. This will give you an idea of how much some products costs however you can definitely go lower when bargaining.
When you are bargaining and the salesperson name a price, you usually should not pay more than half of what the person said. Sometimes it can be even less. The time of the day can also affect how the bargaining goes, usually early in the morning and late before closing is considered good shopping hours.
A suggestion is to also not show how much you are interested in a product, it is better to be looking around and then ask for the price. If the price is too high, try to bargain and otherwise look at other products. It is also good to ask the salesperson what the best price is that they can offer or what discount they can offer. You can tell the salesperson that the price is still too high and you will be asked to give your price. Always give a lower offer than what you are really willing to pay, so that through the bargaining you can both meet in between.
If a price is too high for you, it is suggested to keep walking around in the market since other shops may offer the same product. With this you can also compare the prices and use it as a bargaining key. Remember that shopping and bargaining should be fun and not taken to exaggeration and not be disrespectful.
Prices in India
The average price of products in India are lower than in other countries. If you choose to shop at a market you will notice that the fixed prices are already quite low and if you are bargaining you can get an even better deal. In shopping malls you will find local produced brands which on an average are also cheaper than in other countries. The same goes for food and you will notice that even Western food chains such as McDonald's, KFC, Starbucks and so on are on an average much cheaper compared to other countries.
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