Amount of cash allowed into India |
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Feb 1st, 2009, 04:58
| #1 |
| Member Join Date: Aug 2007 Location: Denmark
Posts: 8
|  Amount of cash allowed into India Hi, I just want to get perfectly clear on this. So if anyone have exact knowlegde about the amount of cash it is allowed to bring into India, I would appreciate the help!  Travelling from the EU to India with Euros! And what about declaration and stuff... I havn't got a clue! Thanx |
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Feb 1st, 2009, 09:00
| #2 | |
| What happened?  Join Date: Aug 2004 Location: Goa/?
Posts: 2,228
| Quote:
http://www.cbec.gov.in/cae1-english.htm 
__________________ GoanGoan......here & there  | |
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Feb 2nd, 2009, 04:05
| #3 |
| Member Join Date: Aug 2007 Location: Denmark
Posts: 8
| thanks a lot =) |
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Feb 2nd, 2009, 12:16
| #4 |
| This is just a cameo appearance  Join Date: Oct 2004 Location: Chennai, India
Posts: 38,218
| They made the law long before ATMs existed here! Via ATM, one can 'bring in' as much money as you like, limited only by the bank's daily limit. |
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Aug 9th, 2009, 15:26
| #5 |
| Member Join Date: Feb 2009 Location: Moscow
Posts: 1
| Amount of cash allowed into India - Non Tourists Thanks for the information. According to the www.cbec.gov.in website, 'Any person can bring into India from a place outside India foreign exchange without any limit. However, declaration of foreign exchange/currency is required to be made in the prescribed Currency Declaration Form in the following cases:- (a) Where the value of foreign currency notes exceeds US$ 5000/- or equivalent (b) Where the aggregate value of foreign exchange (in the form of currency notes, bank notes, traveler cheques etc.) exceeds US$ 10,000/- or its equivalent' However, it states that only 'Tourists' may take foreign currency out of India. '6. Tourists while leaving India are allowed to take with them foreign currency not exceeding an amount brought in by them at the time of their arrival in India. As no declaration is required to be made for bringing in foreign exchange / currency not exceeding equivalent of U.S. $ 10000, generally tourists can take out of India with them at the time of their departure foreign exchange/currency not exceeding the above amount.' According to the site 'A tourist is a passenger a) who is not normally a resident in India; b) who enters India for a stay of not more than six months in the course of any twelve months period for legitimate non-immigrant purposes, such as : touring, recreation, sports, health, family reasons, study, religious pilgrimage, or business' Does anyone know however if you can take foreign currency out of India if you are on an Employment visa (or on a Business visa and staying more than six months in the course of any twelve months period) and, if so, what the limits are? Thanks |
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Dec 13th, 2009, 16:58
| #6 |
| Member Join Date: Dec 2009 Location: London, UK
Posts: 2
| What about kids Hi, Does a 3 yr old child have the same foreign currency import/export allowance? (upto $5000 without declaration). |
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Dec 13th, 2009, 18:12
| #7 |
| Senior Member Join Date: Oct 2005 Location: Brisbane
Posts: 436
| rlohiya - who cares?? Read Nick-H's post again. A plastic card enables you to withdraw unlimited amounts from an ATM within India from any foreign bank a/c. If you have very large amounts of cash!!! Why?? Money legally earned can be readily banked - and accessed, safely through an ATM! |
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Dec 13th, 2009, 22:40
| #8 |
| Member Join Date: Dec 2009 Location: London
Posts: 39
| hello, So can we make Indian Ruppees at places like Thomas Cook and take them with us in India? I am going for 2 weeks, how much money shall I bring? thank you |
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Dec 13th, 2009, 22:47
| #9 |
| Search, be your own guru  Join Date: Jul 2009 Location: New Delhi
Posts: 1,109
| What places, what hotels, what transportation, what period, what purchases, etc.? |
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Dec 13th, 2009, 22:53
| #10 | |
| Member Join Date: Dec 2009 Location: London
Posts: 39
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Dec 13th, 2009, 23:31
| #11 | |
| This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India
Posts: 38,218
| Quote:
Sometimes you can get them in places outside of India, because not everybody follows the law. It is illegal to take rupees in or out of India | |
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Dec 13th, 2009, 23:48
| #12 |
| Member Join Date: Dec 2009 Location: London
Posts: 39
| oh ok, thanks what is the best place to exchange £ to Rupees that will charge minimum commision rate? |
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Dec 13th, 2009, 23:57
| #13 |
| What happened? Join Date: Aug 2004 Location: Goa/?
Posts: 2,228
| I've not seen anyone charging commission. Shop around for the best rate. Thomas Crook will rip you off. Bring pound notes. |
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Dec 14th, 2009, 01:00
| #14 |
| Member Join Date: Dec 2009 Location: London
Posts: 39
| thanks how much shall i be bringing? |
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Dec 14th, 2009, 01:11
| #15 |
| This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India
Posts: 38,218
| How much have you got?  |
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