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

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

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If Im visiting India, can I use Travelers Cheques or Currency to open an account or credit my existing NRE 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 Travelers Cheques and notes exceed USD 10,000/-. You must produce the CDF for endorsement by the bank when you submit the money for opening/credit to an account.