Managing Money and Currency on a Delhi to Ladakh Trip

Delhi to Ladakh trip is an iconic journey that takes you from the hustle and bustle of the Indian capital to the serene and stunning landscapes of Ladakh. While this journey is a once-in-a-lifetime experience, it can also be challenging, especially when it comes to managing money and currency. In this article, we will discuss some tips and tricks for managing your finances on a Delhi to Ladakh trip.

Carry enough cash

The first and foremost rule of managing money on a Delhi to Ladakh bike trip is to carry enough cash. Though most places in Ladakh accept credit cards, they are not widely used in remote areas. Therefore, it is better to carry enough cash to cover your expenses. It is recommended to carry at least INR 15,000 to INR 20,000 per person for a 7-10 day trip. This should include your expenses for transportation, food, accommodation, and other miscellaneous expenses.

When carrying cash, it is always wise to split the amount between the members of the group to avoid any loss due to theft or misplacement. You can carry cash in the form of Indian currency notes or traveller's cheques. However, traveller's cheques are not widely accepted in Ladakh, so it is better to carry Indian currency notes.

Exchange currency in Delhi

If you are travelling to Ladakh from Delhi, it is recommended to exchange your currency in Delhi itself. You can do so at the airport or any authorized money changers. It is advisable to shop around for the best exchange rates and avoid exchanging currency with unscrupulous dealers.

Most Indian banks offer currency exchange services at competitive rates. However, if you are exchanging currency at the airport, keep in mind that the rates may be slightly higher. It is better to carry small denominations of currency notes to avoid any inconvenience while making small purchases.

Carry a credit card

While it is recommended to carry enough cash, it is also wise to carry a credit card as a backup option. In case of an emergency, a credit card can come in handy. However, it is important to note that not all establishments in Ladakh accept credit cards. Most hotels, restaurants, and shops in Leh, the capital of Ladakh, accept credit cards. However, in remote areas, cash is the preferred mode of payment.

It is also essential to check with your bank regarding international transaction fees and charges. Most banks charge a fee for international transactions, which can be as high as 3% to 5% of the transaction amount. Therefore, it is better to carry a credit card that offers low or no foreign transaction fees.

Withdraw cash from ATMs

Ladakh has a few ATMs, mostly located in Leh. Though they are reliable, they are not as widely available as in other parts of India. It is better to withdraw cash from ATMs in Leh before heading to remote areas. However, it is important to note that ATMs in Ladakh may run out of cash or be out of service due to connectivity issues.

It is also recommended to carry a backup option in case of an emergency, such as a credit card or traveler's cheques. It is better to inform your bank of your travel plans, including the places you are visiting and the duration of your stay. This will help your bank track any fraudulent activities on your card and prevent any unauthorized transactions.

Budget your expenses

Budgeting your expenses is essential to avoid overspending and ensure that you have enough cash for the entire trip. Before embarking on your journey, make a list of all the expenses you are likely to incur, including transportation, food, accommodation, sightseeing, and miscellaneous expenses.

Managing money and currency on a Delhi Leh Ladakh bike trip can be tricky to navigate. It is important to prepare ahead of time by researching current currency exchange rates and making sure to bring enough cash in the local currency. Additionally, it is wise to use a credit or debit card whenever possible and to make a budget to ensure that you do not overspend. With careful planning and forethought, your trip to Ladakh can be a memorable and enjoyable experience.