Is it really forbidden to cross the Indian border with Indian rupee?
Last week I tried to exchange some Swiss Francs into Indian rupees. For that I visited a big bank and they told me that they have rupees but I'm not allowed to import any into India. Is this really true?
And if so, what's the reason behind such a law?
P.S. The bank also told me that in practice it isn't a problem if you take money below 200 Swiss Francs into the country.
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Is it against the law to take Indian currency out of India?
Foreigners can't take Indian rupee outside India. Foreign nationals are not allowed to carry Indian rupee outside the country, and need to necessarily convert it into a foreign currency before leaving India.Can I take Indian money outside India?
Indian residents going abroad are permitted to take with them foreign currency without any limit so long as the same has been purchased/issued by RBI approved/authorized foreign exchange dealer as per norms. Carrying of Indian currency notes in the denomination of Rs. 500 and Rs. 1,000 to Nepal is prohibited.Can I carry Indian rupees to USA?
Local Currency (INR) -There is a limit of INR 25,000 per person for Indian residents to carry from India to US. Any person who resides outside India is allowed to take out of India, the unspent money bought by him/her.How much Indian rupees can be carried while travelling abroad?
And if you are wondering how many Indian rupees you can carry while travelling abroad, it is Rs 25000 per year. It is also important to note that the total amount of foreign currency taken abroad from India for business purposes is US $ 2,50,000 per financial year.Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: AMAN, Sohel Patel, Pixabay, Ketut Subiyanto