Foreign exchange up to US$ 250,000 is permissible in a financial year for multiple purposes including tourism or private travel to any country other than Nepal and Bhutan on the basis of self-certification under LRS. The availability of limit is considered by combining availment of foreign exchange under different purposes.
For purchasing, currency cash is acceptable only upto Rs. 50,000 per transaction. All purchases within 30 days shall be treated as single transaction
Travelers are allowed to purchase foreign currency notes/coins only up to US$ 3000. Balance amount can be taken in the form of Prepaid Forex card
Documents to be submitted:
Visits for international conference, trainings, study tour, etc. are treated as business visits
Business customers can purchase US$250,000 for a year combined with other availment under LRS to any country other than Nepal and Bhutan
Travellers are allowed to purchase foreign currency notes/coins only up to US$ 3000. Balance amount can be taken in the form of Prepaid Forex card
Documents required to be submitted:
Unspent Indian currency held by non residents can be reconverted into forex at the time of their departure from India if they provide the encashment certificate
If encashment certificate is not produced for bonafide reasons, then maximum Rs. 10,000 can be converted if the departure date is within 7 days
Documents required to be submitted:
To Resident customers, payment in cash in Indian Rupees may be made to the extent only US$ 1000 or its equivalent per transaction. Rest of the payment will be made by way of ‘Account Payee’ cheque /demand draft only
All purchases within 30 days are treated as single transaction for the above purpose
To Non-Resident Indians and foreigners, payment in cash can be acceded to the extent of only US$ 3000 or its equivalent (per month)
Documents required to be submitted:
