![]() ![]() The documents required for money exchange in India are Ģ.Ě confirmed air ticket showing travel within 60 days from date of buying currencyĥ. What are the documents required for money exchange in India? However, if you have accumulated Indian rupee on your trip abroad and have more than Rs 25,000 in cash, then you’d need to declare the amount in customs.Ĥ. This is according to RBI rule.ģ.Ě resident Indian can bring into Indian Rs 25,000 without need for declaration. However, please note that foreign coins won’t be accepted for exchange at banks or money changer stores. However, ff the value of the foreign currency brought into India, as cash, exceeds USD 5,000 equivalent or if the value of foreign currency brought into India, as cash + traveller’s cheques, exceeds USD 10,000 equivalent, then it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.Ģ.Ě resident Indian can bring into India and hold foreign coins without any restrictions. Money transfer abroad under “LRS” must be for a purpose permitted by RBI.ġ.Ě resident Indian can bring in foreign currency to India without any limits. A resident Indian in allowed up to Rs 25,000 to be taken out of India.Ī resident Indian under the “Liberalized Remittance Scheme (LRS)” of the “Foreign Exchange Management Act (FEMA)” is allowed to send money abroad up to a maximum US dollar 2,50,000 equivalent per year. The foreign exchange limits in India for resident Indians can be summarized as follows ġ.Ě resident Indian can carry up to US dollar 3,000 equivalent in any foreign currency notes and a maximum of up to US dollar 2,50,000 equivalent in forex card or traveller’s cheques.Ģ. What are the foreign exchange limits in India for individuals? Foreign coins can be held for as long as one wants and is not subject to the US$ 2,000 equivalent limit.ģ. However, if the amount is more than US$ 2000 equivalent, the extra foreign exchange must be surrendered to their bank or to an RBI authorized money changer within 90 days in the case of currency notes and within 180 days in the case of traveller’s cheques. Resident Indians coming back from an abroad trip or received payment/gift in foreign currency in India from a foreigner, are permitted to hold up to US $2,000 or its equivalent as foreign currency notes or traveller’s cheques for as long as they please. How much foreign currency can I keep in India? You can also request for door delivery of foreign currency!Ģ. Find the best rates and book your order online. Compare exchange rates from RBI authorized money changers in your location. If you don’t want to undergo so much inconvenience, you can buy forex online via. How to exchange foreign currency in India? They would educate you on forex limits, required KYC docs and even tips on forecasting. Talk to Forex Expertsīe it currency exchange or making an outward remittance from India, our forex experts would guide you through the entire process. No matter where you are in India, you can buy forex online from the nearest stores at the lowest rates. You can lock the rates for as much as 3 days! 4500+ Stores Across IndiaĮxTravelmoney has more than 4500+ RBI authorized money changers present in the platform. Unlike traditional money changers who can’t guarantee a fixed exchange rate, ExTravelMoney gives you the option to lock the rates by paying a small refundable deposit. ![]() There are no hidden charges or extra fees.Pay directly to the chosen exchange house. In ExTravelMoney, all applicable charges are shown transparently and intimated to the customer beforehand. We understand that you are in a hurry and that is why we strive to complete every transaction, the same day of placing the order. You can get foreign currency or forex card delivered directly to your home or office. Result, you get the best possible exchange rate and service available in the market! Door Delivery & Pickup Money changers in the platform compete with each other to grab customers and thus keep their rates low and competitive. Why Buy Forex Online via ExTravelMoney? Marketplace Competition ![]()
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