Teach English in India: Financial Snapshot
Banking is quite advanced in India, and costs can vary depending on where you live.
India was one the first nations in the world that offered banking as it is recognized today to its citizens; thus, today’s financial world is full of Indian-based banks. ATM machines can be found throughout most major Indian cities and many businesses (especially those that cater towards tourists) will have debit machines. Banking hours in India are typically shorter than those in America: banks usually open in mid-morning, closing in the mid-afternoon.
Defining the cost of an apartment in India can be a difficult task. An apartment in a larger city such as Mumbai, Delhi, or Bangalore will cost more to rent than a space in a smaller city or rural location. Renting an apartment in a central location of an urban area will also add a few rupees to the cost of living space as opposed to renting in a more remote area of the city. Another variable that can change the affordability of an apartment is its size and what appliances or furniture are included. A one bedroom apartment suitable for a teacher can be found between 10,000 INR and 30,000 INR.
Below is a list of common grocery items which can be purchased in India:
- 1L of milk - 35 INR
- Bread - 20 INR
- Typical restaurant meal - 60-200 INR
- 1 kilo of tomatoes - 25 INR
- 1 kilo of rice - 40 INR