Are there any restrictions to bring foreign exchange by persons visiting India?
No. The Reserve Bank has granted general permission to incoming travelers to bring foreign currency into India from any place outside India without limit, provided they declare to the Customs authorities, on arrival at the airport/seaport, the particulars of all such foreign currency brought in on the Currency Declaration Form (CDF). The declaration is necessary if the aggregate value of the foreign exchange brought in, in the form of currency notes, bank notes or travelers cheques at any one time exceeds U.S. $ 10,000 or its equivalent and/or the aggregate value of currency notes alone exceeds U.S. $ 5000/- or its equivalent.
No, The Reserve Bank has granted general permission to incoming travellers to bring foreign currency into India from any place outside India without limit, provided they declare to the Customs authorities, on arrival at the airport/ seaport, the particulars of all such foreign currency brought in on the Currency Declaration Form (CDF). The declaration is necessary if the aggregate value of the foreign exchange brought in, in the form of currency notes, bank notes or travellers cheques at any one time exceeds U.S. $10,000 or its equivalent and/ or the aggregate value of currency notes alone exceeds U.S.$ 2,500 or its equivalent.
