Bringing in INR cash - India Travel Forum | IndiaMike.com

Bringing in INR cash

#1 May 6th, 2018, 22:18
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#1
I am travelling to Delhi this summer. Flying in out of Europe. I know I can bring in up to USD 5000 maybe even 10000. But can I bring in this amount in INR currency as well?
Or are there stricter limits to the INR amount brought in. What will happen should I risk exceeding the (if any) limit? Will just the excess be confiscated? Or everything? Are there fines on top of that?
#2 May 6th, 2018, 23:29
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As far as I know you can't bring in such a large amount in rupees.

If you get caught they will definitely ask you where you got such a large amount from.

If you don't declare it the punishment might be worse.
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#3 May 6th, 2018, 23:53
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#3
Quote:
Originally Posted by mchp92 View Post I am travelling to Delhi this summer. Flying in out of Europe. I know I can bring in up to USD 5000 maybe even 10000. But can I bring in this amount in INR currency as well?
Or are there stricter limits to the INR amount brought in. What will happen should I risk exceeding the (if any) limit? Will just the excess be confiscated? Or everything? Are there fines on top of that?
I guess it's only Rs 25,000 as Indian rupee is a closed currency.
https://www.express.co.uk/travel/art...dian-rupee-law

I hope it's not the old Indian rupees
#4 May 7th, 2018, 04:47
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Please don't trust The Daily Express as an authoritative source!
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#5 May 7th, 2018, 12:24
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There are many websites that mean well and are educable, BUT, are not authoritative ! Go to the source

http://www.cbec.gov.in/resources/htd...travellers.pdf

http://www.cbec.gov.in/resources/htd...gage-rules.pdf

And finally the full set of notifications, some useful to tourists, some not.

http://www.cbec.gov.in/Customs-Notifications
#6 May 7th, 2018, 14:04
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#6

Bringing in INR cash

The trouble is that the CBEC and the RBI sites seem to disagree. I couldn't get my head around it so didn't offer an interpretation. I'm still confused.

The CBEC guide for travellers is the clearest and most conservative at NIL Rupees in/out for non-residents.

No... They do not check your wallet and get you to empty your pockets.

Yes... If you attempt to bring in large ($, $$$s) amounts of undeclared foreign currency you risk being carted off to a cell. Currency smuggling happens and is taken seriously.
#7 May 8th, 2018, 09:03
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Yes, the situation with the documentation is rather confusing. I had earlier posted (in a different thread) a link to the RBI notification that liberalized the rules to allow most non-residents to bring in or take out up to INR 25,000. That notification dates to February 2016. However, the Customs guide (which going by the file creation date is from late 2016) suggests a zero allowance. My guess is that the Customs booklet is a sloppy editing job and they never updated it to reflect the most recent rules, because the RBI ought to be the definitive voice in currency matters.

...And that Customs guide is in itself contradicted by the fact that when leaving India, at several airports you can spend INR in duty-free shops *after* clearing immigration. In fact some of them (Bangalore for one) have signs reminding passengers that they may have up to INR 25,000 to spend in those shops!

Link to the RBI notification: https://rbi.org.in/scripts/Notificat...d=10268&Mode=0

Personally, I have carried moderate sums (around INR 15,000-20,000) in and out of India in recent travel and never worried about it. If you are worried about it maybe you can save the RBI notification on your phone or carry a print-out with you.
#8 May 8th, 2018, 09:11
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And here I find what seem to be amended (April 2016) Customs rules:
http://www.cbec.gov.in/resources//ht...n23may2016.pdf

...which dispense with all mention of specific limits on any currency and simply refer the reader back to the RBI notification mentioned earlier, which sets the import/export limit at INR 25,000 for most travelers. Someone at Customs must have got tired of editing their guides to keep the Customs rules and RBI rules synchronized!

These rules are found listed directly on the main Customs site: http://www.cbec.gov.in/htdocs-cbec/c...s/cs-rules-idx
so I would think they are the ones assumed to be most current and in force.
#9 May 8th, 2018, 11:20
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#9
Its fairly easy to exchange currency in most places in India, specially the touristy ones. So I would stick to the dollars.
#10 May 8th, 2018, 12:38
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#10
I don't think this post is about exchange, the OP seems to have a lot of Indian currency (better not go into how and where he got it) and he wants to bring it to India.

So pointless explaining how easy it is to exchange.
#11 May 8th, 2018, 13:57
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#11

Bringing in INR cash

Thank you Bandicoot for finding what I failed to find.

Like I said, nobody checks you pockets, unless they have reason to be suspicious. But stuffing them all with undeclared cash and getting caught could lead to serious trouble.
#12 May 8th, 2018, 14:01
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#12

Bringing in INR cash

I believe one of the links in this thread mentioned inr25000
Thats about €400
Seems an ok amount to bring in
Rest i could get from an atm locally
#13 May 8th, 2018, 16:02
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#13
Quote:
Originally Posted by mchp92 View Post Seems an ok amount to bring in
Rest i could get from an atm locally
Why ? Buying FOREX w.r.t to INR, outside India is a bucktoothedtrumpian move Indian Rupees is not a free floating currency, thus you are paying premium in the country where you plan to exchange.

YMMV
#14 May 8th, 2018, 16:18
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#14
Quote:
Originally Posted by nycank View Post Why ? Buying FOREX w.r.t to INR, outside India is a bucktoothedtrumpian move Indian Rupees is not a free floating currency, thus you are paying premium in the country where you plan to exchange.

YMMV
Would it also be better to change say £100 UK at Delhi airport arrivals, to cover initial expenses, before finding an ATM in Delhi?

I guess it will be a lower rate at the exchange booth in the airport rather than at an ATM, but is it still a better rate than changing £100 in the UK?

Thanks
#15 May 8th, 2018, 16:24
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#15
Quote:
Originally Posted by HowieUK View Post Would it also be better to change say £100 UK at Delhi airport arrivals, to cover initial expenses, before finding an ATM in Delhi?

I guess it will be a lower rate at the exchange booth in the airport rather than at an ATM, but is it still a better rate than changing £100 in the UK?

Thanks
I would max change £20 at the airport, and then change at ATMs in the city.

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