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Philippines Currency & Banking for Indian Students

Philippines peso, exchange rates, sending money from India, bank accounts, UPI in Philippines for Indian students.

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✅ Currency & Banking

Philippines currency is Philippine Peso (PHP). ₱1 ≈ ₹1.5 INR. Indian debit/credit cards work at ATMs. Money transfers via Wise or bank wire transfer are recommended for tuition.

Currency & Exchange

ItemDetails
CurrencyPhilippine Peso (PHP / ₱)
Exchange Rate (approx)₱1 = ₹1.5 INR | $1 = ₱56–58
ATM AvailabilityBDO, BPI, Metrobank ATMs — accept Indian Visa/Mastercard
Money TransferWise, Remitly, or bank wire transfer for large amounts
UPI in PhilippinesUPI not supported in Philippines — use GCash app locally

Opening a Bank Account in Philippines

Related Pages

Frequently Asked Questions

How do Indian students send money to Philippines? ▾
Most students use Wise (formerly TransferWise) for best exchange rates, or bank wire transfer. Parents in India send money monthly to cover living expenses.
How much cash should I carry when first going to Philippines? ▾
Carry ₹20,000–30,000 equivalent in PHP (about ₱15,000–20,000) as initial cash for airport, transport, and first-week expenses.
Does Indian Rupee card work in Philippines? ▾
Yes. Indian debit/credit cards (Visa/Mastercard) work at most ATMs and shops in Cebu. International transaction fees apply — check with your bank.

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