Amount of cash allowed into India

#1 Feb 1st, 2009, 04:58
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  • suneh is offline
#1
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
#2 Feb 1st, 2009, 09:00
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  • goangoangone is offline
#2
Quote:
Originally Posted by suneh View Post 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
(iii)Declaration of foreign exchange/currency has be made before the custom officers in the following cases : (a)where the value of foreign currency notes exceed US $ 5000 or equivalent (b)where the aggregate value of foreign exchange including currency exceeds US $ 10,000 or equivalent
http://www.cbec.gov.in/cae1-english.htm

GoanGoan......here & there
#3 Feb 2nd, 2009, 04:05
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#3
thanks a lot =)
#4 Feb 2nd, 2009, 12:16
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  • Nick-H is offline
#4
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.
#5 Aug 9th, 2009, 15:26
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  • Rupee is offline
#5

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
#6 Dec 13th, 2009, 16:58
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  • rlohiya is offline
#6

What about kids

Hi,

Does a 3 yr old child have the same foreign currency import/export allowance? (upto $5000 without declaration).
#7 Dec 13th, 2009, 18:12
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  • obione980 is offline
#7
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!
#8 Dec 13th, 2009, 22:40
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  • kellycell is offline
#8
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
#9 Dec 13th, 2009, 22:47
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  • Aupmanyav is offline
#9
What places, what hotels, what transportation, what period, what purchases, etc.?
#10 Dec 13th, 2009, 22:53
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  • kellycell is offline
#10
Quote:
Originally Posted by Aupmanyav View Post What places, what hotels, what transportation, what period, what purchases, etc.?
2 or 3 star hotels, visiting 9 cities, using trains/buses, purchases would be maybe some cheap clothes, pretty basic stuff really. Travelling on the 24th - 8th of Jan
#11 Dec 13th, 2009, 23:31
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  • Nick-H is offline
#11
Quote:
So can we make Indian Ruppees at places like Thomas Cook and take them with us in India?
You can Indian rupees at Thos Cook in India.

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
#12 Dec 13th, 2009, 23:48
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#12
oh ok, thanks
what is the best place to exchange to Rupees that will charge minimum commision rate?
#13 Dec 13th, 2009, 23:57
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  • goangoangone is offline
#13
I've not seen anyone charging commission. Shop around for the best rate. Thomas Crook will rip you off. Bring pound notes.
#14 Dec 14th, 2009, 01:00
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#14
thanks
how much shall i be bringing?
#15 Dec 14th, 2009, 01:11
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#15
How much have you got?

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