This post explains the Indian customs limit on the lot of cash (Indian and Foreign currency) girlfriend can carry in and out the India through you.
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Ever since India federal government announced the half on higher denomination currencies (Rs 500 and also Rs 1000) overnight, there has actually been the majority of panic among Indians together on exactly how to exchange the money in your hands.
While Indian residents have the right to exchange or deposit the money in banks until 30 December 2016, the alternatives for NRIs space limited. The most an ideal option is to either take the money with them or send with someone who is travel to India soon (Read more here).
The following question is exactly how much money they have the right to take by hand. Unfortunately, there is lot of confusing information online, including some official websites, which space not to update in the previous year (since the announcement of new rules in early 2016). Also RBI and Customs website has actually pages that room not updated.
Here is the up-to-date information based upon Reserve bank of India notice dated 4 February 2016.
Importing Indian CurrencyAs RBI norms, passenger (excluding citizen of Pakistan or Bangladesh) coming to India may carry Indian currency up to Rs. 25,000.
The information you see onmost websites – choose Rs 7500, Rs 10000 etc – are old boundaries prior to 2016. Because that those who must see main confirmation indigenous government, see the RBI notification:Detailed explanation fromReserve bank of India Notification
“Any human being resident outside India, not being a citizens of Pakistan or Bangladesh, and visiting India …. May bring into India money notes of government of India and ReserveBank of India notes up to an amount not exceeding Rs.25,000 (Rupees Twenty five Thousand only) every person”
Exporting Indian CurrencyAs RBI norms, passenger (excluding citizens of Pakistan or Bangladesh) may take out of India (other 보다 to Nepal and also Bhutan),Indian currency up to Rs. 25,000.
Detailed explanation from Reserve financial institution of India Notification
“Any human being resident in India …. May take external India (other 보다 to Nepal and also Bhutan) currency notes of government of India and also Reserve financial institution of India notes as much as an amount not exceeding Rs.25,000 (Rupees Twenty 5 Thousand only) per person.”“Any person resident exterior India, not being a citizens of Pakistan or Bangladesh, and visiting India …. May take external India money notes of government of India and also Reserve financial institution of India notes up to an amount not exceeding Rs.25,000 (Rupees Twenty five Thousand only) every person”
Importing foreign Currency
Any human can carry into India, indigenous a place exterior India, foreign currencywithout any limit.However the money must be declared by submit CDF (Currency explanation Form) in the complying with cases:the aggregate value that foreign money notes is in excess of USD 5000 or equivalent ORthe accumulation value of international exchange in the kind of money notes, financial institution notes or traveller’s cheques is in overfill of USD 10,000 or that is equivalent.
Detailed explanation from Reserve bank of India Notification
“A person …. May bring into India from any kind of place outside India without border foreignexchange (other than unissued notes) subject to the problem that suchperson makes, on come in India, a declaration come the personalizeds authorities inCurrency Declaration type (CDF). The shall not be important to do suchdeclaration wherein the accumulation value the the international exchange in the type ofcurrency notes, financial institution notes or travelers cheques lugged in by such human atany one time does no exceed US$10,000 (US Dollars ten thousand) or itsequivalent and/ or the accumulation value the foreign money notes carried in bysuch person at any one time does no exceed US$ 5,000 (US Dollars fivethousand) or its equivalent”
Exporting international CurrencyThere is no border to carryforeign exchange fromIndia toany country.
However the money must be asserted by submit CDF (Currency declaration Form) if :the aggregate value that foreign currency notes is in overfill of USD 5000 or tantamount ORthe aggregate value of foreign exchange in the form of currency notes, bank notes or traveller’s cheques is in overfill of USD 10,000 or that is equivalent.
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Detailed explanation indigenous Reserve bank of India Notification
“any human being may take out of India … a. International exchange own by him in accordance v the foreign Exchange administration (Possession and also Retention of foreign Currency) Regulations, 2000 ; b. Unspent foreign exchange brought ago by him to India while return from travel abroad and retained in accordance v the international Exchange management (Possession and also Retention of foreign Currency) Regulations, 2000”“any human resident external India may take the end of India unspent foreign exchange no exceeding the amount carried in by him and also declared in currency Declaration type (CDF).”
To sum up the complicatedrules :a) passenger can bring up to Rs 25,000 and take out Rs 25,000 in Indian currency.b) passengers can lug in or take out unlimited foreign currency, however has to fill up declaration type if total cash amountis an ext than USD 5000 or full is an ext than USD 10,000.Sources : CBEC customs Guide for Travellers, Reserve financial institution of India Circular No. 45/2015