Is It Legal to Take Indian Currency Out of India

There is no limit to the flow of foreign currency from the United States to India. However, the total value of foreign currency notes over USD 5000 or equivalent and the total value of foreign currency in the form of banknotes, banknotes or traveller`s cheques over USD 10,000 or their equivalent must be declared to customs. Coins and banknotes in any world currency count like money. Traveller`s cheques will also be applied to your cash amount. Exchanging foreign currency for money in Indian rupees is probably not the cheapest way to get money back for your trip. Using an exchange service, even if it doesn`t advertise a fee, often means you`ll pay more for an increased exchange rate. The cheapest way to get cash in most countries is to use your debit card to withdraw money in the local currency at a local ATM. You may be charged an ATM fee, but you don`t have to pay for an unfavorable exchange rate. Most Indians traveling abroad and most NRIs would carry Indian currency with them. Of course, they don`t need Indian rupees abroad. However, they need it as soon as they land at the Indian airport.

You can use it for many purposes, such as hotel stays, taxi/car or other means of transportation such as bus or train tickets, buying a SIM card or snacks at Indian airport during domestic traffic. The export of Indian rupees is strictly prohibited to non-Indian residents. Residents of India can travel abroad with up to 25,000 rupees. There is no limit to the amount of foreign currency you can take with you to India, but if it is $5,000 or more in banknotes and coins, or $10,000 or more in coins, bank notes and traveller`s cheques, it must be reported. It`s also important to remember that the country you`re going to may have its own rules about how much money you can bring in. Be sure to do your research based on the country you`re traveling to. Any passenger can import any amount of foreign currency into India without restriction. If you`re traveling to India, you may not be familiar with the country`s complex banking practices. Read on for tips on currency exchange, and Indian banks.

As a rule, the exchange offices at the airport do not have a good exchange rate. Carrying rupees would save you from having to look for an ATM once you land in India and would also save you from having to go to the bank or other exchange office immediately upon arrival in India. Wise also offers unlimited multi-currency accounts that allow users to send, receive, and manage money in multiple global currencies simultaneously. Starting in 2018, borderless account holders will have access to consumers` debit cards, making it even easier to access your money around the world. The import of Indian rupees is not allowed for foreigners. However, residents of India are allowed to carry up to 25,000 rupees. However, there is no limit to the amount of foreign currency you can bring into India. However, you must report it if the amount exceeds $5,000 in bank notes and coins or $10,000 in bank notes, coins and traveller`s cheques.

However, you can use services like Wise or Western Union to send money to India. Any resident of India who has left India for a temporary visit may, at the time of return, import into India from any place outside India (except Nepal and Bhutan) Indian Government Notes and Reserve Bank of India Notes up to an amount not exceeding Rs 25,000 (only twenty-five thousand rupees) per person. The limit for foreign currency notes is $3,000 and must be reported by depositing the Currency Declaration Form (CDF) if it exceeds the limit. If you`ve never considered a trip to India before, you should think again. From food to stunning religious monuments, India has plenty to see and experience. But whatever the reasons for your visit, the reality is always that there are restrictions on how much money you can take in or out of India. Read on to find out what you need to know about transporting cash to customs. If you travel to India on vacation, you can`t get any money in advance.

Indian law does not allow foreigners to bring Indian currency into the country. There is a limit of INR 25,000 per person for Indian residents to transport from India to the United States. Anyone residing outside India is allowed to take the unspent money they have purchased outside India. However, you will need to complete a Currency Declaration Form (CDF) and specify the currency in the following cases: Travellers from all countries must declare cash upon entry into India if the amount is $5,000 or more in coins and banknotes or $10,000 or more in coins, banknotes and traveller`s cheques. Many people who travel to or out of India have the following questions: Wise allows you to send money internationally at the actual exchange rate or the rate you see when you search for it on Google. It`s fast, easy and secure. The following rules also apply to all passengers, unless expressly stated otherwise. Any passenger (resident in India, non-resident or foreign citizen except citizens of Pakistan or Bangladesh) travelling outside India (except Nepal or Bhutan) may take up to ₹25,000 from India. I hope your trip to India goes well with these tips.

Safe travels!. Indian customs declaration forms are available from customs officers at international airports and seaports. They can be spent on planes or cruise ships before landing in India, but if not, they can be picked up at the airport as you go through customs. You can also download the form here and fill it out in advance. There are many websites that display outdated information stating that Indian residents are only allowed to carry ₹7,500, ₹10,000 or ₹25,000 and non-residents are not allowed to carry Indian rupees. Unfortunately, even Indian government websites, including the RBI website and customs websites, are not regularly updated to reflect current amounts. Therefore, there is a lot of confusion among travelers. Violation of customs regulations in India can result in confiscation, fine or, in serious cases, even arrest and prosecution. Keep in mind that it`s never a good idea to take large sums of money with you when visiting a foreign country, whether you`re bringing money from your home country to India or withdrawing it when you arrive. Are you planning a visit to India? It is a culturally diverse country with vibrant cities, beautiful beaches and majestic mosques. This is a real goal for many.

Even though Indian rupees would be of no use abroad, it can really be very useful to return to India as described above. Any passenger (resident in India, non-resident or foreign citizen except citizens of Pakistan or Bangladesh) travelling to India may take up to ₹25,000 to India without making a declaration. You can certainly carry any higher amount with you, but you will need to fill out the Indian customs declaration form. (Note: the sample form is an older version that shows that you need to declare more than ₹10,000, but the correct amount is ₹25,000). Previous limits only for Indian residents (not allowed at all for non-Indian residents): This article explains the latest rules as of 2016. June 3, 2014: From ₹25,000 per person for almost all travelers, as described above.