What is Export and Import of Indian Currency and Currency Notes (CS Executive – FEMA)
- An Indian Resident may take outside India (other than to Nepal and Bhutan) currency notes to Government of India and Reserve bank of india notes maximum up to Rs. 25,000 per person. In case of commemorative coin issued by Government of india’s Mint to commemorate any specific occasion or event and expressed in indian currency – they are not to exceed two coins. Anyone who had gone but out of india on a temporary visit, may bring into india at the time of his return from any places 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 (Rupees Twenty Five Thousand only) Per person.
- In case of a person resident outside india, who is not a citizen of pakistan or bangladesh, upon visiting India, is allowed to take outside india india currency notes maximum to Rs. 25,000 per person. Such a Person may bring into India Indian currency notes up to the same amount.
(CS Executive – FEMA)