Foreign Exchange Import of Indian Currency

Import of Indian Currency : India Rupee

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Import of Indian Currency
The import of Indian Currency in to India is prohibited. However the Reserve Bank of India has permitted import by any person currency notes other than notes of above Rs.100/- and from other countries by indian travellers currency notes of Government of India and Reserve bank of India notes up to an amount not exceeding Rs.5000/- per resident Indian provided the amount sough to be brought to India had earlier been taken out while proceeding abroad on a temporary visit period.

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Import of Indian currency is prohibited. However, in the case of passengers normally resident of India who are returning from a visit abroad Indian currency upto Rs 5000 is allowed.

Export and Import of Indian currency and currency notes :-
Save as otherwise provided in these RBI regulations, any person resident in India,

• may take outside India (other than to Nepal and Bhutan) currency notes of Government of India and Reserve Bank of India notes upto an amount not exceeding Rs.5,000/- per person;
• may take or send outside India (other than to Nepal and Bhutan) commemorative coins not exceeding two coins each.
  

'Commemorative Coin' includes coin issued by Government of India Mint to commemorate any specific occasion or event and expressed in Indian currency.


• 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 upto an amount not exceeding Rs.5,000/- per person.

Import of Foreign Exchange
As far as foreign exchange is concerned any person can bring in to India from a place outside India foreign exchange without any limit.Reserve Bank has granted general permission to any person to bring foreign currency into India from any place outside India without limit, provided he declares to Customs authorities on arrival the particulars of all such foreign currency brought in by him on the Currency Declaration Form (CDF).

• Currency Declaration Form PDF Format from RBI

However,if the aggregate value of foreign currency brought in by him in the form of currency notes, bank notes or travellers cheques does not exceed U.S.$ 10,000 or its equivalent,and/or the value of foreign currency notes does not exceed U.S.$ 2500 or its equivalent, CDF is not required to be completed.

Export and import of currency to or from Nepal and Bhutan :-

Notwithstanding anything contained in these regulations, a person may –

• take or send out of India to Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India notes (other than notes of denominations of above Rs.100 in either case) ;
• bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India notes (other than notes of denominations of above Rs.100 in either case) ;
• take out of India to Nepal or Bhutan, or bring into India from Nepal or Bhutan, currency notes being the currency of Nepal or Bhutan.

Reserve Bank of India