How many rupees can you take out of india

But from now on, they will not be allowed to carry any Indian notes with them. Although the rule, which is part of Foreign Exchange Management Act FEMA , has been in place for quite sometime now, it is only now that the central bank is trying to enforce it. On Monday, RBI allowed forex changers to open kiosks beyond the immigration desks at international airports to facilitate NRIs and foreigners opting to exchange rupee for other currencies before they enter the aircraft.

According to RBI officials, in case these travellers have Indian currency notes in their possession before boarding the flight, Indian customs officials can act against them. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

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Any person resident in India, who had 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 from Nepal and Bhutan , currency notes of Government of India and Reserve Bank of India notes up to an amount not exceeding Rs. Any person residing outside India 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.

There is no limit to bring foreign exchange in India from the US. However, the aggregate value of foreign currency notes in excess of USD or equivalent and the aggregate value of foreign exchange in the form of currency notes, bank notes or traveller's cheques in excess of USD 10, or its equivalent must be declared to the customs. In comparison, dealers typically charge a margin of around 3. Account holders can keep their money in different currencies, including the US dollar euro, pounds and Japanese yen.

Foreign tourists: There is no limit on how much forex a foreign tourist can bring to India. Never miss a story! Stay connected and informed with Mint. Download our App Now!! It'll just take a moment.