Can I take Indian Rupee as tourist - The Currency Club (2024)

FAQs

Can I take Indian Rupee as tourist - The Currency Club? ›

There is no limit to how much of a foreign currency you can take out of India as long as your declare amount exceeding US$5000 and over. Remember, if you do happen to find any leftover rupees from your trip we can buy them back via our buy back service. Happy money-saving travels!

The limits on taking out currency are as follows: (i) Export of Indian Currency is strictly prohibited. However Indian residents when they go abroad are allowed to take with them Indian currency notes not exceeding Rs. 25,000/-.

While you cannot bring Indian rupees into India from another country, you are allowed to bring foreign currencies such as British pounds, US dollars, or euros.

There's no limit, however, to how much foreign currency you can bring into India. Although, you will have to declare it if the amount exceeds US$5,000 in notes and coins, or US$10,000 in notes, coins, and traveller's cheques².

Foreign currency exchange offices

Another option is to buy your Indian Rupees in person at an exchange office. To do this all you'll need to do is pick the exchange office that's most convenient to you, and head in with some cash in US Dollars.

How can you bring money to the USA from India? You can not transfer large sums of money as cash to foreign places. The limit set by RBI is 25,000 Rupees. But you can do one thing and that is to open a new account in the US on your passport and add money to it from your Indian account after paying the taxes.

On a more practical note, if you are not sure whether you can take the local currency with you, please read this before your trip. The currency of India is the Indian rupee (INR) and it is a restricted currency. Meaning as a tourist you are not allowed to bring any rupees into the country.

In India, currency is the Rupee. Because the Rupee is non-convertible it cannot be taken out of India, so you cannot get currency before you travel. You can change money at the airport, in banks and large hotels. ATMs are available too, especially in more established resorts.

Import of Indian Currency is prohibited. However, in the case of passengers normally resident in India who are returning from a visit abroad, import of Indian Currency upto Rs. Rs. 25,000/- is allowed.

In general, $100 can buy you quite a lot in India. Some travelers spend less than $20 a day as they sightsee, so it can get you 5 days. For example, in India, $100 can buy 13 nights in good hotels, 30 days in a nice hostel, 4 nice dinners for two, 30 local dinners, domestic flights around India, or a high-quality sari.

Can you use US dollars in India? ›

Tip: The US dollar is also widely accepted in India, but it is still recommended to get some rupees in small denominations which can be used in remote areas where the US dollar may not be accepted.

Members of a family residing in one household entering the United States that submit a joint or family declaration must declare if the members are collectively carrying currency or monetary instruments in a combined amount over $10,000 on their Customs Declaration Form (CBP Form 6059B).

First things first, there's no limit to the amount of gold jewelry you can bring into the US. However, if the value of the gold coins or currency exceeds $10k, you'll need to fill out a FinCen105 form with US Customs and Border Protection. What's the customs duty for importing gold from India to the USA?

Online travel money suppliers usually have better Indian rupee rates than high street exchanges, but supermarkets are a good compromise if you want to collect your currency in person and still get a decent rate.

1 USD = 83.7863 INR Sep 17, 2024 16:43 UTC

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Foreign Currency Ordering—Convenient and Secure. Customers with Bank of America checking and savings accounts can order foreign currency through Online Banking or the Mobile Banking App. Customers with credit cards only can order currency at a financial center.

Transferring money to an international bank account

The Reserve Bank of India (RBI) allows Indian citizens to make international remittances of up to USD250,000 per financial year through the Liberalised Remittance Scheme. You can send money overseas via a: bank. post office.

For travellers from India to the United States, the legal limit for liquid cash is set at USD 3,000 per person per trip. Amount greater than this can be carried in the form of travellers' cheque, Forex Card or bank transfers.

However, countries have regulations to control the amount of physical money that can be transported across borders. An Indian citizen can carry coins and banknotes up to USD 3000 on international flights from India to countries like the USA, Canada, Europe, etc.

A person can possess foreign currency in coins without any limit, but an Indian resident has certain restrictions on the amount of foreign currency, which is not in the form of coins, to be possessed and retained. Only authorized dealers can deal with foreign currencies under the FEMA.