How Much Foreign Currency Can I Carry from India? – RemitX Blog (2024)

FAQs

How Much Foreign Currency Can I Carry from India? – RemitX Blog? ›

Forex Card, Traveler's Cheque, and Remittance

How much cash can you bring on International flights from India? The RBI guidelines state that you can take cash in currency bills of not more than $3,000. Also a cap limit is set at $10,000 with total items like traveler's cheques and others.

Residents of India can travel abroad with up to Rs. 25,000¹. There's no limit to how much of a foreign currency you can take out of India.

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.

6. Passengers normally resident of India who are returning from a visit abroad may carry Indian currency upto Rs. 25,000/-.

What is the limit for a Resident Individual for sending money from India to USA? As per the Liberalized Remittance Scheme (LRS) limit, USD 2,50,000 or its equivalent can be remitted abroad in a financial year.

If you are traveling with an excess of $10,000, you must report it to a Customs and Border Protection (CBP) officer when you enter or exit the U.S. But there is no limit to the amount of money you can travel with.

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).

Traveling with Cash

If you're flying internationally with more than $10,000, however, you'll have to declare the amount on a customs declaration form because of reporting requirements. Other than that, assuming customs approves your luggage, you can carry as much cash as you want.

How many dollars can NRI carry to India? ›

An NRI coming into India from abroad can bring with him foreign exchange without any limit provided if foreign currency notes, travellers cheques, Forexplus Card exceed US$ 10,000/ - or its equivalent and/or the value of foreign currency exceeds US$ 5,000/- or its equivalent, it should be declared to the Customs ...

You can take along as much cash as you want and (feel safe with). But, you must declare all amounts of US $ 10,000 and over when you go through customs in a foreign country. So, if you have got money over this limit, be prepared to prove to the customs officers that you have got that money legal and legitimately.

If you're visiting India, you can bring cash, travellers' cheques (in pounds sterling or another foreign currency) or a bank card with you and exchange or withdraw rupees once in India. You must declare any amount above 5,000 US dollars in notes, or 10,000 US dollars in notes and travellers' cheques combined.

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.

In terms of sub-section 4, of Section (6) of the Foreign Exchange Management Act, 1999, a person resident in India is free to hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such currency, security or property was acquired, held or owned by such ...

Bringing US dollars or other foreign currency to India involves adhering to the regulations set forth by the Reserve Bank of India. While there are no restrictions on the amount of currency you can bring, any sum exceeding US $5,000 must be declared to customs authorities using a Currency Declaration Form.

YOU ARE ALLOWED TO CARRY AS MUCH CASH AS YOU WANT OUT OF AND INTO THE UNITED STATES. To summarize up front: no, you are not restricted to traveling with sums of $10,000 or less. In fact, you could travel with a checked bag stuffed to the brim with cash — as long as you declare the amount beforehand.