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Indian Currency is the Indian Rupee (Re/Rs). Since you are not allowed to bring in Indian currency, your best option is the airport bank. Indian Rupee notes are printed in denominations of Rs 1000, 500, 100, 50, 20, and 10. The Rupee is divided into 100 Paise. You will see only 1, 2, 5 Rs coins, though coins below 50 paisa are rarely seen.
You should keep small denominations notes for the small payments like tips, bus tickets, and meals. When going to a remote area or small town where encashing of travellers cheque will be difficult you can take 1000 Rs and 500 Rs notes, but you should be careful when using them and should not be confused with 100 Rs.

Travelers cheque

Traveler's Cheque issued by reputable companies (eg Thomas Cook, American Express) are accepted without difficulty. Traveler's Cheque exchanged in banks or hotels, and can only very rarely be used directly for Payment. You need identification documents like a passport to be shown. Except in hotels, encashing Traveler's Cheque nearly always takes up to 30 minutes or longer, so it is worth taking larger denomination Traveler's Cheque and changing enough to last for some days. Banks accept both Dollar and sterling. Other major currency Traveler's Cheque are also accepted in some larger cities. If you are traveling to remote areas it is advised that you buy Indian Rupee Traveler's Cheque from a major bank, as these are more widely accepted than foreign currency ones.

Credit cards

Major credit cards are increasingly accepted in the main centers, though in smaller cities and towns it is still rare to be able to pay by credit card. Visa and Master Card have a growing number of ATMs in major cities, but many ATMs only deal with local account holder. HDFC bank has the facility of withdrawing money from you overseas account. You can use their ATM m/s to withdraw money in Indian Rupee, presently there branches are in Jaipur, Jodhpur and Udaipur only in Rajasthan. Railway Reservation center 17 major cities are now taking payment for train tickets by visa card which can be very quick as the queue is very short.

International transfers

Don't run out of money in India unless you have a credit card against which you can draw Traveler's Cheque or cash. You can also use HDFC ATM facility to withdraw money from your overseas account, but there is a limit of Rs 15,000 in a day. Having money transferred through the banking system can be time consuming. It's usually straightforward if you use a foreign/private bank elsewhere it may take a fortnight and will be a hassle. You can also use Western Union for money transfer and they are having agents in Rajasthan.

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