Q : How much foreign currency can be carried in cash for travel abroad?
Traveller's going to all countries other than ( NEPAL ) and ( BHUTAN ) are allowed to purchase foreign currency notes/coins only up to USD 3000 per visit.Balance amount can be carried in the form of store value cards, traveller's cheque or banker's draft.Exceptions to this are
(a) Traveller's proceeding to Iraq and Libiya who can draw foreign exchange in the form of foreign currency notes and coins not exceeding USD 5000 or its equivalent per visit.
(b) Traveller's proceeding to the Islamic Republic of Iran , Russian Federation and other Republics of Commonwealth of Independent States who can draw entire foreign exchange (up-to USD 250,000) in the form of foreign currency notes or coins.
For travellers proceeding for Haj/Umarah pilgrimage ,full amount of entitlement ( USD 250,000 ) in cash or up to the cash limit as specified by the Haj Committee of India ,may be released by the ADs and FFMCs.
Q : How much Indian currency can be brought in while coming into India ?
A resident of India, who has gone out of India on a temporary visit may bring into India at the time of his return from any place outside India (other than Nepal and Bhutan), currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000.A person may bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India notes, in denomination not exceeding R.100.Any person resident outside India, not being a citizen of Pakistan and Bangladesh and also not a traveller coming from and going to Pakistan and Bangladesh, and visiting India may bring into India currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs.25,000 while entering only through an airport.
Any person resident in India who had gone to Pakistan and /or Bangladesh on a temporary visit, may bring into India at the time of his return, currency notes of Government of India and Reserve Bank of India notes up to an amount of exceedig Rs.10,000 per person.
Q : How much foreign exchange can be brought in while visiting India?
A person coming to India from abroad can bring with him foreign exchange without any limit.However, if the aggregate value of the foreign exchange in the form of currency notes,bank notes or travellers cheques brought exceeds USD 10,000 or its equivalent and/or the value of foreign currency alone exceeds USD 5,000 or its equivalent, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.
Q : Is there any time-frame for a travellers who has returned to India to surrender foreign exchange?
On return from a foreign trip, travellers are required to surrender unspent foreign exchange held in form of currency notes and travellers cheques within 180 days of return.However, they are free to retain foreign exchange up to USD 2,000, in the form of foreign currency notes or TCs for future use or credit to their Resident Foreign Currency (Domestic) [RFC(Domestic)] Accounts.
Q : How many days in advance one can buy foreign exchange for travel abroad?
Permissible foreign exchange can be drawn 180 days in advance by an individual, resident in India.
Q : Can one pay by cash full rupee equivalent of foreign exchange being purchased for travel abroad?
Foreign exchange for travel abroad can be purchased from an authorized person against rupee payment in cash below Rs.50,000/-.However, if the sale of foreign exchange is for the amount equivalent to Rs.50,000/- and above, the entire payment should be made by way of a crossed cheque/banker's cheque/ pay order/ demand draft/ debit card/ credit card/ prepaid card only.
Q : Is there any category of visit which requires prior approval from the Reserve Bank or the Government of India?
Dance troupes, artistes, etc; who wish to undertake cultural tours abroad, should obtain prior approval from the Ministry of Human Resources Development (Department of Education and Culture), Government of India, New Delhi.
Q : Should foreign coins be surrendered to an Authorized Dealer on return from abroad?
The residents can hold foreign coins without any limit.