Residents, non-residents allowed to carry up to Rs 25,000 abroad
Question: How much Indian currency can I carry abroad?
Answer: Reserve Bank of India has recently increased the limit of carrying Indian Currency by Residents or Non-Residents while travelling to Abroad.
Earlier the limit to both residents and non-residents, except Pakistanis and Bangladeshis, travelling to abroad was restricted to Rs.10,000 only but now the Limit has been increased to Rs.25,000. Also the foreigners were not allowed to carry any Indian Currency but now notification permitted them to carry Indian Currency upto Rs.25,000.
“…it has been decided to allow all residents and non-residents (except citizens of Pakistan and Bangladesh and also other travelers coming from and going to Pakistan and Bangladesh) to take out Indian currency notes up to Rs 25,000 while leaving the country,” RBI said in a notification.
As per Foreign Exchange Management Act (FEMA), a resident can carry to Nepal or Bhutan, Indian currency without any limit in denominations not exceeding Rs 100.