Resident Indian can carry USD 3000 equivelent Foreign currency while travel abroad expect Nepal and Bhutan. .For travelling to Iraq, Libya its allowed to draw foreign exchange not exceeding US$ 5000 or its equivalent. Travellers proceeding to the Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States can draw entire […]

Original and valid passport. • Valid visa for the country of travel • Confirmed ticket-showing travel within 60 days of taking foreign exchange.

equivalent USD 2,50,000

GIC means Guaranteed Investment Certificate. • GIC payments are being sent to Canada by students who go for their education.

An Indian bank holds a foreign currency account in foreign bank.

No, The total amount of foreign exchange purchased or remitted through, all sources in India during a financial year should be within the cumulative limit of USD 2,50,000.

Yes, PAN Number is mandatory.

Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March)

The Office of Foreign Assets Control administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers. If any details such as Remitter name or address, Beneficiary name or address, Beneficiary country, bank, place, etc. matching to suspect list the OFAC agency will hold the fund (cannot […]

• Nostro charge: Based on the currency and Nostro bank. • Conversion charge if conversion is required, it will be as per the foreign bank Policy and rates. • Amendment charge if any details amendment is required. • Return charge if fund is returned due to any of the reason.

All foreign currency conversion transactions will be subject to prevalent GST rates of the Government of India with effect from 01 July 2017. Value of service in case of purchase/sale of foreign currency to be determined per table below on which GST 18% be applicable. However, such transactions amongst banks or authorised dealers or between […]

Up to US$ 250,000 per year, irrespective of period of stay and number of times in a financial year.

It’s not allowed, upto USD 3,000 in Currency notes per visit are allowed. Balance amount can be carried in the form of Travel Cards or Travellers Cheques.

A person coming into India should declare the FC/TC he/she possess to the Customs Authorities at the Airport on arrival. The form used for such declaration is known as Currency Declaration Form (CDF).

USD 5,000 equivalent for FC and USD 10,000 equivalent for FC and TC put together.

3000 USD equivalent

1000 USD equivalent