BANKING AFFAIRS

Detailed explanation-1: -Further, an individual may carry to Nepal or Bhutan, currency notes of Reserve Bank of India denominations above ₹100/-, i.e. currency notes of ₹500/-and/or ₹1000/-denominations, subject to a limit of ₹25, 000/-.

Detailed explanation-2: -Visit to Nepal and Bhutan You can carry any amount of Indian currency while travelling to these countries, but you are not permitted to take Indian currency notes of denomination of Rs. 500 and above or buy any foreign exchange for visit to these countries.

Detailed explanation-3: -There are ATM cash machines in most large towns, cities and hotels in Nepal. You will have to declare any amount exceeding US$5, 000 in bank notes, or US$10, 000 in notes and travellers’ cheques combined on your Customs Declaration when you arrive in the country.

Detailed explanation-4: -Residents of India can carry along Indian currency notes up to an amount not exceeding Rs 25, 000 per person while traveling overseas. Beyond this amount, travelers need to provide details and fill up the Indian Customs Declaration Form.

Detailed explanation-5: -Indian residents are allowed to carry up to Rs. 25, 000 cash while going abroad. How much foreign currency can I carry while going abroad? According to RBI, travellers going abroad can carry cash of up to $3000 with balance amount in form of store value cards, traveller’s cheque or banker’s draft.