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Can one pay by cash full rupee equivalent of foreign exchange being purchased for travel abroad ?

April 26, 2017abroad cash equivalent foreign exchange pay rupee Travel

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Can one pay by cash full rupee equivalent of foreign exchange being purchased for travel abroad ?

2 Answers

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A.14. Foreign exchange for travel abroad can be purchased from authorized person against rupee payment in cash up to Rs.50,000/-. However, if the rupee equivalent exceeds Rs.50,000/-, the entire payment should be made by way of a crossed cheque/banker’s cheque/ pay order/demand draft only.

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Posted

Foreign exchange for travel abroad can be purchased from banks against rupee payment in cash up to Rs.50,000/-. However, if the rupee equivalent exceeds Rs.50,000/-, the entire payment should be made by way of a crossed cheque/bankers cheque/pay order/demand draft only.