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If I am visiting India, can I use Travelers Cheques or Foreign Currency to open an account or credit my existing NRE Current Account?

April 26, 2017account cheques credit currency existing foreign India travelers visiting

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If I am visiting India, can I use Travelers Cheques or Foreign Currency to open an account or credit my existing NRE Current Account?

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Travelers Cheques can be used to credit/open the account. NRIs bringing Foreign Currency Notes & Travelers Cheques will have to submit a Currency Declaration Form (CDF) to the customs authorities on arrival in India, if the foreign currency notes exceed USD 5,000/- or combined value of Travelers Cheques and notes exceed USD 10,000/-.