What changed
The earlier limit of Rs 10,000 for taking Indian currency notes outside India (except Nepal/Bhutan) has been increased to Rs 25,000 for residents. Non-residents visiting India (excluding Pakistan/Bangladesh citizens and travelers to/from those countries) are now also allowed to bring in or take out up to Rs 25,000, but only through airport entry/exit points.
What it means for you
Banks and authorized persons must update their internal limits and customer advisories for currency export/import. The higher limit eases travel for residents and non-residents, but route restrictions (airport-only for non-residents) must be enforced. Exclusions for Pakistan/Bangladesh remain unchanged.
What you must do
- Update internal systems and teller limits to reflect the new Rs 25,000 ceiling for Indian currency export/import.
- Brief branch staff and forex counters on the revised limits and the airport-only rule for non-residents.
- Ensure compliance with the exclusion of Pakistan/Bangladesh citizens and travelers to/from those countries.
- Advise customers and foreign counterparties about the enhanced facility as per circular instructions.
Who it affects
All authorized persons (banks, forex dealers), Resident Indians traveling abroad, Non-resident Indians and foreign visitors (excluding Pakistan/Bangladesh), Travelers using airport routes for currency movement
Can I carry more than Rs 25,000 in Indian currency abroad?
No, the RBI circular sets a maximum of Rs 25,000 for residents and eligible non-residents. Any amount above this is not permitted under this circular.