Banking and Remittance Of Money

Select FAQs

Are there banks in Manipal?
Many banks in Manipal. There will be briefing when you come to Manipal.
Sending money from Malaysia- which is the best method?
Bank Draft from Malaysian bank on a regular basis.
How long does it take for drafts to clear in Manipal?
It takes a week or two but if you want immediate clearance, pay a small fee and you get it.
What are the common problems faced by parents and students when it comes to sending money to Manipal?
Parents should send early and not wait for the last minute. Students might not have time to go to the bank immediately.
What about the safety of cash and valuables while in Manipal?
Although it’s a safe place, it is preferable not to have too much cash in hand or have too many valuables.
Is there money changing facility in Manipal?
Yes. You can change American and Malaysian currency easily in Manipal.
How much cash should I carry to Manipal?
Not too much. Just enough for a couple of months.
Payment to Manipal- cash or bank draft?
Bank Draft is the requirement, payable to MAHE.
Would I require overdraft or credit card facilities?
Not normally.
Would I require ATM cards and a current account?
You will require an ATM card but a Current Account is not essential.
What documents do I need for opening a bank account?
Your Passport, Letter of Admission and US$10.