FAQ

Frequently Asked Questions

According to regulations, an Indian citizen can only purchase foreign currency if they are traveling abroad and can provide their travel documents.

Payment in cash is limited to 49,999 INR per trip and per month.

Foreign exchange can be drawn up to 60 days in advance of your travel.

Yes, but the total foreign currency limit remains at 3,000 USD, even if the purposes are combined.

If the trip is cancelled, the foreign exchange obtained for that purpose must be returned within 90 days of purchase. However, if the trip is postponed and commences within 60 days, the currency can be retained.

NRIs and foreigners can encash up to 3,000 USD (or its equivalent) per month in cash.

Foreigners can encash foreign currency by presenting their original passport with a valid visa.

Upon returning from a foreign trip, travelers must surrender any unspent foreign currency within 90 days, and traveler’s cheques within 100 days. However, travellers are allowed to keep up to 2,000 USD or its equivalent for future use.

There is no limit on the amount of foreign currency that can be brought into India. However, if the amount exceeds 5,000 USD or if the total of currency and traveller’s cheques exceeds 10,000 USD, travellers must declare it at customs and obtain a Currency Declaration Form (CDF), which should be signed and stamped by Customs officials.