Airport Cash Limit: Air Passenger Attention! Now only this amount can be taken abroad from India, check immediately
Tourists are planning to travel abroad after the Covid restrictions are lifted in most of the countries. Maybe you too are thinking of visiting some foreign place during these holidays. Be it you or me, everyone carries a good amount of cash with them for international travel. Don’t know when and how much money will be needed. To avoid such unwanted situations, tourists keep as much cash with them as possible, but to go abroad you have to carry cash within a limit. According to the Liberated Remittance Scheme of the Reserve Bank of India, Indian travelers are allowed to carry only Rs 1.89 crore.
How much foreign currency can you take with you?
Travelers traveling to almost all countries except a few countries like Nepal and Bhutan are allowed to carry foreign currency up to $3000 per trip. If you want to carry more amount than this, you can carry that amount in the form of Store Value Cards, Travel Cheques, and Banker’s Draft.
How much foreign currency can Indian travelers bring with them while returning from a trip abroad?
If an Indian traveler has gone on a temporary tour to any country except Nepal and Bhutan, he can bring back Indian currency notes while returning to India. But keep in mind that this amount should not exceed Rs 25 thousand. If we talk about Nepal and Bhutan, then while returning from there, no person can carry currency notes of Government of India and Reserve Bank of India worth more than Rs 100.
How much foreign currency can a foreigner bring to India for a trip to India?
A person coming to India from abroad can bring foreign currency with him without any limit. But if the value of foreign currency brought with you in the form of currency notes, bank notes and travelers checks exceeds $10,000, some action may be taken at the airport. They will have to declare the Currency Declaration Form CDF before the customs officials at the airport on arrival in India.
Can foreign currency purchased for foreign travel be paid in rupees?
For foreign travel, you can buy anything less than Rs 50,000 by paying cash. But if the amount of foreign exchange exceeds Rs 50,000, the entire payment can be made through crossed cheque, banker cheque, pay order, credit card, debit card or pre-paid card.
Is there any limit on returning foreign exchange for a traveler returning to India?
Yes, there is a rule to return currency notes and checks to travelers after returning from a foreign trip. Normally foreign exchange must be returned within 180 days from the date of withdrawal. However, travelers may hold up to US$2,000 in foreign currency in the form of checks for future use.
How many days before traveling abroad should one take foreign currency?
You should get your money converted into foreign currency only 60 days before your travel, i.e. about 2 months. You can get this work done from money exchanger, bank or airport. Experts say that it is better if you get this work done from a money exchanger or bank, because later on getting it done from the airport, it is only 3-4 percent costlier than the market.
Can you shop abroad with a credit card?
If you are one of those people who spend money freely then you should use international credit cards. On making payment through this, you will have to pay Rs 90-150 as transaction fee every time along with conversion charge. Whereas paying in cash is much cheaper.