BANKING AFFAIRS

Detailed explanation-1: -Export and Import of Indian Currency 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: -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.

Detailed explanation-3: -A resident of India, who left the country on a temporary visit (to any place other than Nepal and Bhutan) may bring back currency notes up to an amount not exceeding Rs 25, 000.

Detailed explanation-4: -However, there are some countries where the Indian rupee is accepted, thereby, eliminating the need to carry Forex and pay for conversion. It is to be noted that the Indian rupee is legal tender or widely accepted in some neighbouring countries such as Bhutan and Nepal.