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Can proceeds of foreign currency notes/travellers cheques brought by NRIs during their visit to India be credited to their NRE accounts without any restrictions ?

April 26, 2017cheques credited currency foreign India notes NRIs proceeds travellers visit

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Can proceeds of foreign currency notes/travellers cheques brought by NRIs during their visit to India be credited to their NRE accounts without any restrictions ?

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Yes. However, credits exceeding US$ 10,000 or its equivalent representing proceeds of foreign currency notes/travellers cheques will be allowed provided they were declared to the customs in the Currency Declaration Form at the time of entry into India.