Foreign Exchange Facility for Resident/ Non-Resident
Under the Foreign Exchange Management Act, 1999 (hereinafter referred as FEMA) Residents/ Non-Residents are allowed to purchase/ utilize foreign currency notes/ coins for certain specified purposes to the extent of limit prescribed by the Reserve Bank of India (RBI).
1. Foreign exchange facility for a person resident in India
| Purpose | Foreign Currency (USD) | Indian Rupees (INR) |
|---|---|---|
| Travel/ Visit outside India | USD 3,000/- per visit to all countries except:
|
Rs. 25,000/- per person other than visit to Nepal and Bhutan |
| Haj/ Umrah Pilgrimage | Maximum USD 2,50,000/- or up to the cash limit specified by the Haj Committee of India | |
| Return from travel/ visit from: A. any place outside India other than Nepal, Bhutan, Pakistan & Bangladesh B. Nepal & Bhutan C. Pakistan and/ or Bangladesh |
Rs. 25,000/- per person No limit specified Rs. 10,000/- per person |
|
| Retain in India foreign exchange after return from foreign visit | Maximum USD 2,000/- (Foreign exchange exceeding USD 2,000/- in form of currency notes and travelers cheque should be surrendered within 180 days of return). |
2. Foreign exchange facility for person resident outside India
| Purpose | Foreign Currency (USD) | Indian Rupees (INR) |
|---|---|---|
| Bring into India while Visiting India | Upto USD 5,000/-:
Then currency must be declared by filing Currency Declaration Form (CDF). |
Rs. 25,000/- per person if not a citizen of Pakistan or Bangladesh and also not a traveler coming from Pakistan and/ or Bangladesh |
| Take outside India after visiting India | Unspent foreign exchange not exceeding the amount brought in by him and declared in CDF | Rs. 25,000/- per person if not a citizen of Pakistan or Bangladesh and also not a traveler going to Pakistan and/ or Bangladesh |
3. Miscellaneous
- No person shall take or send out of India the Indian coins which are covered by the Antique and Art Treasure Act, 1972.
Notes:
- In case of visit to Nepal or Bhutan, a person resident in India can carry Indian currency notes of denomination Rs. 500/- and/or Rs. 1,000/- up to a limit of Rs. 25,000/-. However, there is no limit on visit to Nepal or Bhutan to carry Indian currency notes of denomination Rs. 100 or below.
- A person may bring into India from Nepal or Bhutan, Indian currency notes in denomination not exceeding Rs. 100/-.
The above standard has been prepared on the basis of following:-
- FAQ's on miscellaneous forex facilities issued by the Reserve Bank of India as on 4th August, 2016;
- Foreign Exchange Management (Export and Import of Currency) Regulations, 2015.