India is just plain crazy !

Discussion in 'Economy & Infrastructure' started by mattster, May 19, 2017.

  1. mattster

    mattster Respected Member Senior Member

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    I am visiting family here in Kerala on a tourist visa.

    I go to 3 different Indian banks in Trivandrum to change US dollars into Indian rupees......and we are only talking about less than USD $500, not some crazy large amount. All 3 banks tell me the same thing.....that they cannot change foreign currency unless I have an account with the bank.

    I'm a tourist for God's sake; here only for 6 weeks...WTF would i want to open a bank account in India for ?? I even had my US passport with me to prove that I am a tourist....but, no it cant be done.

    Why does a country that wants to promote tourism make it so difficult for tourists to convert their foreign currency to Indian rupees and spend it in India. Maybe they dont want tourists to spend their money...eh ??

    I can understand government being inefficient, but these are private banks.

    I have never seen a country so steeped in nonsensical policies like India. There is just no common sense/logic or rationale applied to policy making.

    In ASEAN countries like Malaysia, THailand, and Singapore.....i can just walk into any bank and change USD into local currency.

    Even the most trivial stuff like changing currency becomes a huge drama in India.

    How does a country like this even get anything done ??
     
    roma likes this.
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  3. AmoghaVarsha

    AmoghaVarsha Regular Member

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    Go to a currency exchange or a particular forex branch of a bank.Normal bank branches dont handle forex like that.
     
  4. Razor

    Razor CIDs from Tamilnadu Moderator

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    Simply google "currency exchange" and name of your area/locality.
    So for eg: "currency exchange kazhakoottam" or "currency exchange near varkala beach"
    Only some bank branches are authorized to deal with foreign currency exchange.
    Thank you for visiting.
     
  5. Akshay_Fenix

    Akshay_Fenix Member Senior Member

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  6. indiatester

    indiatester Regular Member

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    US banks never changed my Rupees either :)
    Check with your hotel and they will help you change those $'s
    Not to mention your cards should work fine in most places. Alternatively, you should be able to use your card to withdraw rupees at most atm's.
     
  7. mattster

    mattster Respected Member Senior Member

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    Thanks guys for the tip. Nothing is easy here.
     
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  8. amoy

    amoy Senior Member Senior Member

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    I used to make cash withdrawal from local ATMs to avoid exchange hassles.

    Yet that service seems suspended with Indian banks, for the Unionpay network per its homepage.
     
  9. captscooby81

    captscooby81 Senior Member Senior Member

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    try to find UAE exchange or even Muthoot finance they all do Forex ...

     
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  10. indiatester

    indiatester Regular Member

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    Do post any other issues you face. We can suggest easier alternatives.
    Finally, did you change your $'s or use your card to withdraw money?
     
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  11. roma

    roma NRI in Europe Senior Member

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    many thanks to @mattster and everyone who posted n this thread ....i too am gonna visit india probably this year ...every time before i had been put off by some scary story
    hope i make it this time

    to @mattster i may visit kochi .....tell us more good places to visit in Kerela i am also thinking of long term stay as i believe it is also generally speaking a christian state ?
     
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  12. square

    square Regular Member

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    been a US citizen , still been so dumb....

    don't you idiots knows that indian banks do not do forex exchange , for the matter of fact , do US banks does this ? no.....there is a seperate entity for this .....foolish people always do foolish thing and then put blame on others ...

    and what is this WTF WTF you are writing...

    learn to behave like a civilised one , you must have also upset the bank staff by the way of your choose of words..

     
    Last edited: May 20, 2017
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  13. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    Damn bro, just use your ATM card.
     
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  14. mattster

    mattster Respected Member Senior Member

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    I just used my US debit card to withdraw rupees.....the problem with doing that is that you get dinged on both sides. The US BAnk charges you a commission and so does the INdian bank whose ATM you use.

    India needs to change its rules.....I understand the fear of money laundering, terrorism financing, etc.

    But they should have simple rules that allow forex exchanges at any bank under $500 USD.

    The other issue with using ATM is that the ATM limit is quite low.
     
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  15. captscooby81

    captscooby81 Senior Member Senior Member

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    Well not sure which part of kerala you are in ..Even in Big Metro s not all branches of Banks handle Forex ..Trust me i had to go to 4 bank branches to exchange my SGD ..Always best option is go to any particular bank website select the branch and see what all they handle most websites have decent amount of information ..

    Not sure you made an urgent visit to india or not but next time if you planning to visit do all the information research before you land here ..

    Enjoy your stay in India ..Gods own country will sure take away this small little stress caused to you ..

     
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  16. indiatester

    indiatester Regular Member

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    Yeah, I can relate to it. Had to shell out a lot in lopsided conversion rates and commissions. Not to mention the ATM machine charging upto $4 per withdrawal.
    The $500USD limits are not workable unfortunately. I can employ a 1000 people and get them to change $500 each with ease :). Scaling in people terms is something you can easily do in India.
    I guess the only alternative is to use the designate money changers. Even bank branches that allow that. Google helps here.
     
  17. mattster

    mattster Respected Member Senior Member

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    They really should stop calling Kerala "God own country". In Small towns in Kerala.....the power can go out about 5 or 6 times a day. A decade or 2 ago.....they were about 2 hours duration at the most. It was a scheduled power cut.....today it could be 5 minutes or 5 hours.....you just dont know.

    Unless you have a diesel power generator in your backyard..."God's own country can feel like its "hell on earth" especially if the power goes out so long that your water tanks are dry and you dont have any power to pump water from the well to water tank.
     
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  18. captscooby81

    captscooby81 Senior Member Senior Member

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    Sorry mate gods own mean the mountains and the backwaters ..not at all inside four walls..Well kerala still has lot to catch up ..I was there last week and trust me Hot summer and also humid it kills ..Hope you face less power cuts in your area till you go back ..

     
  19. Razor

    Razor CIDs from Tamilnadu Moderator

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    "God's own country" is something the tourism industry has hijacked. But how did that epithet come about. @F-14B might know.

    The Thiruvithancore raja kudumbam (Travancore Royal Family) who claim descent from the Ancient Cheras and also the ancient Pandya dedicated their kingdom to Sri Padmanabhaswami. The kingdom (including the Sri Padmanabhaswamy Temple, recently in the news for $22B++ treasure) was a property of the God and the kings ruled as God's servant.
    Hence the name "God's own country"; nothing to do with the natural beauty of KL.
     
  20. captscooby81

    captscooby81 Senior Member Senior Member

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    That's a valuable info mate ..Was wondering why these bloody commie s are advertising the state as Gods own when they bloody hate non Aethist or non Islamist..

    @F-14B Well i would like to know more about the Vault story of Padmanabhaswami temple hope you can throw some more info about this place and why the vault number 4 was not opened ..

     
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  21. Hiranyaksha

    Hiranyaksha Regular Member

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    okay not troll. Post deleted
    Please enter a message with at least 30 characters.
     

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