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Q: How to convert foreign currency to Indian rupees on arrival in India?
A: Foreign currency declaration on arrival at Indian airports is required only in one of the two conditions mentioned below:
1.If the incoming passenger has in his/her possession foreign currency...
Q: Limit of amount that can be taken by Canadian citizen to India?
A: There is no restriction on the amount of foreign currency that can be brought into India from abroad. However, in the following conditions, the currency must be declared on arrival by filling in a...
Q: What is the limit of taking foreign currency out from India?
A: There is no restriction on the amount of money that can be taken out from India by travelers. The only requirement is that a declaration is required if the amount carried exceeds US$ 5000 in cash...
Q: What are the rules and regulations of Foreign currency exchange in India?
A: 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 by filling out a currency...
Q: What is the procedure to exchange foreign currency in India?
A: Indian currency cannot be legally bought or sold abroad. You can exchange foreign currency at the airport or at most banks in India. Many hotels also provide currency exchange services but their...
Q: Are Returning Indians permitted to acquire fresh foreign currency assets by remittance from India?
A: Yes, provided the funds for the purpose are drawn out of their Resident Foreign Currency Accounts
Source : Reserve Bank Of India
Q: Are persons resident in India required to surrender foreign exchange acquired/held by them?
A: Yes. Residents receiving foreign exchange from abroad by way of gift, inheritance, remuneration for services rendered, etc. are required to bring it to India within three months acquiring the...
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